Always something can be derived from the chart. If you put your...

Always something can be derived from the chart.

If you put your charting software to daily view, put MA 50, MA 100, RSI and MACD indicators. You can see the spots in the chart where uptrends turned to downtrends with the bearish divergence  in the indicators (Higher highs in price not showing higher highs in indicators (The 8+ price showed exactly this).

Atm, the MACD and RSI are both showing bullish divergence at these levels, the price is dropping, but the indicators are not showing the correlatiing MACD and RSI indicators to continue the trend for much longer.

This means that the prevailing trend is weakening and a turn around is coming, the 100% retracement zone from the All time High is 1.5-2.0. It should consolidate at this point (But most likely higher, 2.5-3.0) as people will place orders to get in early (which is looks like it's  already happening, hence the bullish diverengce in the charts).

Hope this information helps.