Weekly chart shows price nearing the apex of the ascending wedge with a target of $45. RSI is hitting resistance and MACD's histogram is possibly printing hidden bearish divergence.
H4 chart shows RSI, and possibly MACD, printing bearish divergence. The nearby demand has already been tapped once making it much easier for the next drop into it to potentially fall...
This was a classic case of Bearish MACD divergence. The price was forming higher highs and the MACD was forming lower Highs.
This could be a good reason to take a trade signal opposite of the trend. With out such indications trading reversals can be risky.