- broke previous trendline
which was drawn excluding outliers. Redrawing including most outliers sees the current price right on this line along with the median of the pitchfork
. The 1 hour chart is showing a multiple candle bounce, however 2 dojis on the 4 hour show a reversal is still being considered. There are a couple of pieces of fud news which may have caused this decline and there are still a couple of timezones to get involved.
On the bull side, hidden divergence still exists on the 4 hour RSI
and UO, but isn't strong and VWAP
still high for the price. Squeeze momentum is weaker than previous declines, and the price has bounced off the third st
.dev bollinger band
which can indicate reversal. On the opposing side, although both low, we have yet to see a turnaround in RSI
Unfortunately nothing definitive, next couple of candles should become clearer.