Trendlines, 50W EMA, & 12 Hour Bullish Divergence

Pretty simple quick post that assumes you know your divergences.

• Our long term resistance has become support very recently.
  
• The RSI and MACD show hidden bullish divergence, though slightly with the indicators showing technical double bottoms.
  
• Finally that blue stepped line is the 50w EMA crammed onto the 4h chart.
  

Considering we landed on the 50w with this 12h bullish divergence I don't think we are at too much of a risk of a dump. I do think we have a fair chance of consolidating for a few more candles them pumping but clearly we could grind along the 50W for a but before pumping upward. We may have a wick down that acts as a pumpfake but I think this dip is our pumpfake.

We ground along the black trend line for a few months and when we fell it was a relatively short distance with bullish divergence. I see a very high probability for upside before more downside.