I see a bull flag forming nicely on the 4hr chart. I think we will go down in the short term as it continues to develop. I am also watching the potential head and shoulders formation. For me, the neckline is down at the 1.618 line so I'm not overly concerned at the moment.
On the daily chart I see the price falling to touch the 21 EMA in the short term. If we get a break up it could be blue skies. Either way, big moves on the horizon for Bitcorns.