The two lines I have drawn are the support line from the september crash -> 6k crash that we seem to break going back down into the 6ks, and the support turned resistance we're currently dealing with around 8.1-8.2k. This throwback to confirm support turned resistance can happen a lot, falling back off would be bad. The second line is the ATH resistance on the log scale. It sits just above the log support currently.
So, is it going to fail here? Few things to note here.
1: . Notice every time we've had a large fall off has crossed in the overbought reason (purple arrows). It looks like it could possibly cross again in a few days.
2: Daily BBands. Notice every time we turned around in the golden highlights. In each of those times, we wicked or came very close to the top daily BBand... which we've done today and the past daily candle.
3: . A turn around here, though it would be lagging, would generate a large hidden divergence with the 9k high. A turn around at ATH resistance would possibly give a hidden bear div with the 11.8k as well.
Tthese indicators all make a strong case for continuance or bull reversal since they could likely all confirm or be invalidated at the same time. If market conditions don't change too drastically in the next week (which they very well could - not taking this to the bank), when the log support crosses the ATH resistance (~4/20 at 8500ish) we could be in a situation where we're simultaneously trying to reclaim log support, break ATH resistance, pierce the daily BBand, and avoid the crossing. All those invalidating or confirming as they have this entire bear would be a very strong signal to me.
It's also worth mentioning that mixed signals could result - say we pierce the log support and daily BBands but then fail at ATH resistance, crossing the and forming a large hidden bear div . I don't know if that's particularly likely, but would certainly be somewhat confusing.
Not pictured, but worth mentioning the on 4hr and 1hr charts. It slants up which is kinda odd but will be watching that as well. I'm still bought in waiting for anything I've mentioned here to resolve itself.