1️⃣ Golden/Death Cross Watch
Not a confirmed golden cross yet, but price is attempting to reclaim short-term moving averages after recent pullback. Still below key resistance → more like an early-stage recovery attempt, not trend confirmation.
2️⃣ Zero Line Check
MACD is still slightly below the zero line, but histogram is turning less negative.
👉 Momentum is improving, but we are not in full “positive zone” yet.
3️⃣ Divergence Hunt
Spotting a minor bullish divergence — price made a lower low recently, but MACD did not make a significantly lower low.
👉 Suggests selling pressure is weakening, but not gone.
💡 My Read:
This looks like a relief bounce within a broader consolidation, not a full trend reversal yet.
👉 If MACD crosses above zero + price breaks resistance → stronger upside continuation
👉 If rejected → likely aligns with macro (oil + rates pressure) → pullback risk remains
🔥 Conclusion:
Momentum is improving, not accelerating yet.
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