The signal I'm getting is to the downside. however, it will be more convincing after reaching a $64 target. WE also have a higher high which supports a long position at this level. (Not an investment advise)
Momentum of RSI & MACD OF W time frame getting very weak, from the price 50 $ tell now buyers get exhausted.
You can also compare from 20 May we can say was higher high and now tell this date become LOWER HIGH !!
now retrace by FIB then continue down again tell major support of 50 $
ControlPanel
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@fmsalkatheeri, You might be right, but don't ignore the power of the most recent higher high, which favours buyers.