VXX holding steady on support level

VXX hang in there and staying right on the support level. MACD starting to move from green to red, which means a drop may be coming. I am still have this gut feeling that it wants to drop to the bottom of the trading channel before we see it make a big rally.

Just in case you care where my trend lines originate from. Not a good view for seeing details.

Getting pretty oversold on the 1D time frame and the MACD is getting close to switch form red to green.

Hope this helps and good luck.