We see the Ichimoku cloud holding so far with a wick to the 200EMA and bounce. The last time we found the bottom of the daily chart ichimoku cloud was way back in October of last year and we found support with strong bounce to start big bull run. The difference between this time and back in October is that this time we find a descending RSI with lower lows. The last time it took off from the bottom of the cloud RSI was ascending and making higher lows and higher highs. Time will tell how this will effect price action this time around but I would say the RSI is bottomed out and starting to make a reversal. Proceed with optimistic caution.
If we fall we fall to 38k range, I personally see the slow move back up from this current range.
If we fall we fall to 38k range, I personally see the slow move back up from this current range.