Looks like we're seeing a bearish divergence on the 4HR RSI that coincides with a second test of the Bollinger Band's lower channel. Could see us retesting the top of the downtrend resistance-turned-support line between $7900-8250.
Conclusion: We're in no mans land. - Definitely do not open any longs here - Definitely do not open any shorts here
If you can't handle the risk associated with a fall back into "bearish" territory, consider shaving off some of your position here.
Yorum
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Larger timeframe outlook for reference. Doesn't look as horrible on the daily, but the divergence is still there.