Clear bear break yesterday has led to a slow grind bounce.
Looking for a 4 hour lower high to be set as the RSI slowly recovers from oversold.
4 hour EMA resistance on watch as it continues to drop down.
Short are likely to try and act on the 4 hour bear flag at some point today, we will see if bulls can defend support.
After the dump yesterday, sentiment in the space is looking to head back to recent lows.
Bulls need to be quick with their flips, bears have many time frame trends on their side.
Looking for a 4 hour lower high to be set as the RSI slowly recovers from oversold.
4 hour EMA resistance on watch as it continues to drop down.
Short are likely to try and act on the 4 hour bear flag at some point today, we will see if bulls can defend support.
After the dump yesterday, sentiment in the space is looking to head back to recent lows.
Bulls need to be quick with their flips, bears have many time frame trends on their side.
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