On the left hand side we have the hourly chart and on the right side we have the 4-hour chart.
Hourly chart shows
- Bearish price rsi divergence confirmed
- 50-MA and 100-MA bearish crossover could happen soon
4-hour chart shows
- Channel has been established with support around 565 (also hourly 200-MA)
- Bearish divergence confirmed, but... prices yet to see a bearish break from rising trend line support at 577.
- Stage looks set for a technical correction to 550-540 area in the short-run. On the higher side, an hourly close above 594 would signal continuation of the upmove.