Look out for reversal as divergence are forming

Likely that divergence is forming on macd. Wait for the next few h4 candles to close before making any conclusions.

Kommentera:

Still very cautious about going long at this point

Kommentera:

The setup changed a bit since there was no sharp downwards movement.
We could see some sideways movement while, macd falls and then one more push up but still with divergences on the macd. Then a big drop!https://

Kommentera:

This is playing out exactly as expected. The price is crawling upwards but MACD still showing divergence.

Kommentera:

We now broke the trend line and further downside is to be expected.