Price at resistance level on daily during a dominant downtrend. Scaling down to the 4hr we see price has formed a double top at this same level. Which could hint towards bullish exhaustion prompting bearish pressure to come in and push price lower.
This could cause a shift to the downside if we can see price break through the lower trendline.
This could cause a shift to the downside if we can see price break through the lower trendline.