2 oscillary indicators Stoch RSI and MFI are showing Hidden Bull Divs on daily chart. (Doesn't mean it will bounce and can't go even lower)
On the other Hand, RSI or OBV Does not. RSI is the one i tend to trust the most. Although 4h and 1h chart shows bullish divs on both Stoch rsi and RSI.
A ray of hope for Bulls:
1) Hidden bullish Divs.
2) 0.618 Retracement tested today at 8600.
3) Trendline Restest.
For Bears:
1)Price under 200DMA and sitting right on 55DMA
2) Price fully retraced yesterday's move today and dumped further.
Next Support is 8300-8400. Strong reaction needed here.
On the other Hand, RSI or OBV Does not. RSI is the one i tend to trust the most. Although 4h and 1h chart shows bullish divs on both Stoch rsi and RSI.
A ray of hope for Bulls:
1) Hidden bullish Divs.
2) 0.618 Retracement tested today at 8600.
3) Trendline Restest.
For Bears:
1)Price under 200DMA and sitting right on 55DMA
2) Price fully retraced yesterday's move today and dumped further.
Next Support is 8300-8400. Strong reaction needed here.