We're wedged between a strong resistance at $562 - $570 and a strong support at $540. There was a piercing of the $540 level yesterday but it was defended nicely. Unfortunately, dropped off for the rally back up when it's exactly what is needed to break the resistance.
With CSW currently on a twitter rampage and threatening to choke the BCH network of all transactions following the hard fork on Nov 15th, whether there's anything behind his words or not, this could be what it takes to scare traders in this currently overall low market.
A close below $540 on the 2 hour chart will be a strong signal to short, although I'll be getting a rather itchy trigger finger in the support regions from $280 - $400 should this play out.