It's been consolidating for some time now. It's been very bearish on the 4h ichimoku cloud, and is slightly bearish on the 1h cloud. However, it's just beneath the edge of a very thin cloud, and movement upward wouldn't face much resistance. Neither would movement downward. RSI and MACD are no help here. Be ready for movement in either direction.
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It decided to drop below the blue support to the higher order purple channel support