Down some more probably with some flat trading zone sectors
Comment:
Looking at the Daily vs the above 4 hr, we can visually see the upwards trend is weakening. The Red dotted Daily divergences have lost power, although the longer green line upwards trend shows light to the larger bear pennant that's pending downwards thrust.
Comment:
We can see the 4 hour develope the divergence.
Comment:
Well we see in this newest update the divergence "did not" form till a FOMO runoff occurred upwards. Retracement has inspired some exhaustion on the upside. Classic downward set forming to happen as the indicators drop past lower 40%. Demand/supply levels will carry the volatility drive downwards ... unknown power of this will drive the following upswing set with remaining force.... small down then big upswing... large down then smaller upswing.
Comment:
Channeling upwards? How about sideways then down again. There's a potential for a Bull run with smaller chance it's anything to set a trend for 6k but it's plausible. Risky entry time for either bet on the direction. My opinion ... upwards to the brown dash line and there price will make another turn.