- 1 Hour Chart -
- Bearish RSI Divergence with RSI Indicating Higher Highs While Price Creates Lower High. (Blue Line)
- Under the 20, 50, 100, 200 EMAs. Struggled to get above the 20 EMA with Multiple Rejections at respected price. We then saw a breakdown from the channel from $434 to $430.
- MACD indicates a gain in momentum to the downside.
- Currently inside the lower part of the channel.
- I believe that under $428 we could see downside to the $422 - $425 range in the short term future.
- Bearish RSI Divergence with RSI Indicating Higher Highs While Price Creates Lower High. (Blue Line)
- Under the 20, 50, 100, 200 EMAs. Struggled to get above the 20 EMA with Multiple Rejections at respected price. We then saw a breakdown from the channel from $434 to $430.
- MACD indicates a gain in momentum to the downside.
- Currently inside the lower part of the channel.
- I believe that under $428 we could see downside to the $422 - $425 range in the short term future.