Dot has fallen by 4.8% in the last two days, strongly exerted to risk reluctance, because markets fear of a deeper crisis that can cause a global economy.
From a technical point of view, daily tests are fully bear, while weekly studies weaken and contribute to negative perspectives.
Breaking crucial brackets from 40214 and 400,000 (FIBO 38.2% of 32328/45088 / psychological) and attempts to register every week closed below these levels would generate a forceful bear signal for a deeper decline.
Completing a double pattern on a weekly chart has been confirmed by the latest weakness, which increases the risk of decline.
The direct goal results from 38708 (50% withdrawal) with a break here to reveal 37624 (weekly Ichimoku cloud base) and 37202 (FIBO 61.8% outflow).
Strong resistance in the 40000/40700 zone (broken supports / former lowest March 13) should perfectly reduce growth.
