We already have the first EMA (20/50) cross on the daily chart. However, in doing so, the wick has bounced off EMA200. That is this? This is a squeeze between the averages. And also we have a contradiction between daily Stoch RSI and VFI. There will probably be a retest of lower boundary of the old channel where a rejection will occur. I will let you know later with which stoploss I opened the short (if I do). I have more to observe. I may not open a position at all.
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EMA crossing do not stop at ever-larger timeframes. There has just been a crossing of 50 and 100 EMAs on 12 hour timeframe. A drop is likely to start within the next 2-3 days (calculating roughly the intersection of EMA 20 and 200). I am starting to gain a short position right from here and will increase it with each 50 cents price increase. Stop 41$.
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Oh, it turns out at this point the 6H chart is very interesting.
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Conflicting picture on 3H and 8H timeframes.
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There is already a bad cross of EMA50/200 at 8H. But there is still room to manoeuvre (3 hours says it all).
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Reopened short position. These are all contradictions between different timeframes.