Spoke 1 appears to have been suggested by two candle bounces as shown on the price chart.
Interestingly Spoke 2 coincides with price and Spoke 1 at this point, providing overhead resistance.
Could this junction have caused the drop over the last 24 hrs?
Spoke 1 (if it is a real one) should push us upwards, potentially providing the momentum for a breakout.
(blue arrow in the chart indicates potential direction but not scale of the movement)
Added confirmation comes from the bounce off of spoke 3 in the chart.
This is a common bottom.
Added to this is in the 60 chart...decreasing channel in the price chart accompanied by increasing peaks in as well as AND a break upwards in .