Idea: The price dropped to a key support level - the trend line. Breakout of the trend line will lower the price to the POC zone and 200 EMA. The price will continue to rise if it stays on the trend line. The price is in the oversold zone on the 30 and 60 minute timeframes
Idea: The price is trying to stay on the uptrend line. The 200 EMA on the 4 hour chart is the next support level. The price will continue the downtrend if it breaks the uptrend line and the 200 EMA. The price will continue to form an ascending triangle in a bullish scenario
Idea: The price has formed a bearish head and shoulders pattern. Breakdown of the POC level will confirm the pattern and the price will fall to the weekly 200 MA zone. The indicated trend line will be strong resistance in case of continued growth - a good level for shorts