"major" price purple from 1870 was tested in the two blue circles before failure. the first circle was the OTE long zone for the previous post settlement pump. the second circle was a test of the and many people thought was a for more up, when that failed, more baghodlers were created. so any price movement into that red box will face legitimate sell pressure
the thick red downward price and thick red upward shows hidden bear divergence possibly playing out. the price has lower highs in price under the red while having higher highs in . price broke down from the symmetrical triangle in black but has popped back into the upward . i think it is a bulltrap. if it was strong enough of an uptrend, it should never have broken down like that. the fact that still has no premium, has me thinking uber bear time.
confluence of fib retracement extension targets in blue box which is also a from dec 18th. also nice round number support just above $300 usd.