Looking like another failed reversal - are we going back down?

The current situation:

1. Price action previously had gotten back on top of the hourly 21 and 50MA, which looked like it could've been a start to a reversal, especially with bullish double divergence apparent on the 6HR chart. Since then, it had been rejected at the 3 USD level and now has formed a head and shoulders pattern on the 15M chart, which is bearish. The measured target of the pattern is about 2.6 USD from the neckline at about 2.8 USD

The bullish case: price action gets support by the hourly 21 and 50MA, which is currently near the neckline of the head and shoulders pattern and retries the $3 level.

The bearish case: price action breaks below the neckline towards the measured target.

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*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
*These are purely my speculations and not financial advice. You should always do your own due diligence before trading or investing.