Technical Analysis Breakdown

1. 15-Minute Timeframe Synthesis

While direct 15-minute data isn’t provided, we interpolate signals from the 5-minute and 30-minute charts to infer trends:

  • Bearish Bias: The 30-minute chart shows a downtrend (price under MA200, red MACD, and Chikou Span below price), which cascades into the 15-minute view.
  • Short-Term Volatility: The 5-minute chart initially signaled a bullish RSI Trendline Break (10.1% gain at 4:39:35 UTC) but has since reversed into bearish territory (red MACD, red UT Bot, and Chikou Span under price).
  • Key Conflict: The earlier 5m bullish signal clashes with the current 5m/30m downtrend, suggesting a “bull trap” or failed breakout.