Update since the previous post, as the low was broken and now entertaining the Alt 4 as the last bullish option. If it doesn't hold at the 0.70~ region, the chart breaks down.
Price seems to be forming an ending diagonal (falling wedge).
MACD continues to show positive divergence on 1h chart.
Accumulation/Distribution continues to show positive divergence from price.
Volume is declining as the price declines.
I am watching a final drop before a quick reversal, which will be validated with an impulsive move to the upside, breaking over and retesting the falling trendline.
*Disclaimer: Not financial advice, for educational purposes only.
Price seems to be forming an ending diagonal (falling wedge).
MACD continues to show positive divergence on 1h chart.
Accumulation/Distribution continues to show positive divergence from price.
Volume is declining as the price declines.
I am watching a final drop before a quick reversal, which will be validated with an impulsive move to the upside, breaking over and retesting the falling trendline.
*Disclaimer: Not financial advice, for educational purposes only.