After being rejected from 8300 $ area twice. It's looking like a 'potential' [double top](https://www.investopedia.com/university/charts/charts4.asp) formation forming in 4 hour  and currently is still undecided.

[![download - 2019-05-17T034747.591.png](https://cdn.steemitimages.com/DQmcCry5MAwVnD6JDStW89soQx4H7rPLkbwpeKib7cqoPa3/download%20-%202019-05-17T034747.591.png)](https://www.tradingview.com/x/LiIYzQCP/)

while similar chart with different for 1 day chart with mixed signal so far. Leaning into bearish side.
what i mean by mixed signal is due to divergence not quite rhyme. 
MACD is still have a moment to expanding although it's already give a signal that it will shifting it's volume to downside
RSI is manage to reach a similar top since previous high while it's currently in oversold area
CMF is already bearish divergence sighted

[![download - 2019-05-17T034838.969.png](https://cdn.steemitimages.com/DQmdpZ64MDxiQPd1R5GdSJgbHLJwU8KJLEEoSmgRqywxrfP/download%20-%202019-05-17T034838.969.png)](https://www.tradingview.com/x/UKoz3e7z/)

personally i expect a retracement to EMAs Line as a possible support area.

50 EMA = +-7200 $
200 EMA = +- 6300 $


currently it's still consolidating around  20 EMA in 4 hour. we will see what happen.
keep in mind this impulse movement is quite parabolic/rapid. a corrective movement also might has a similar force to downside.

[![download - 2019-05-17T035230.383.png](https://cdn.steemitimages.com/DQmbHzcWPgnzx5pScukSj4vifb95hQSgkvrE6iZGorjNGku/download%20-%202019-05-17T035230.383.png)](https://www.tradingview.com/x/fYr2Sd61/)

please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion.
and please feel free to share what your thought on comment section.
peace.


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