Oct. 4 at 7:32 PM
$ATCH My 4hr & 30min timeframe analysis. Take it as you will.
At 44. down ~80%+ from highs, showing a bearish-to-neutral short-term.
Lower highs and flat support between 40–44 region. In a descending triangle, a typical continuation or breakdown pattern if it breaks below the flat base.
The lower Bollinger Band is still flattening, suggesting the move might be losing downside momentum. Indicating consolidation.
RSI at 37. Bearish momentum, but near oversold territory, downside pressure is slowing. If RSI bounces above 45–50, that could confirm bullish momentum returning.
MACD neutral cross forming. Seems momentum is stabilizing, and a bullish crossover could occur soon if price steadies above 45.
BOL bands are narrowing, signaling potential volatility squeeze. A breakdown below 40 could send it to 30–35.
40–44 Critical short-term support
50–55 Mid-band / breakout
70–80 Next resistance if breakout occurs
30–35 Next support if breakdown
