MACD is making lower highs while price was hitting higher highs at the recent run up to 253. This may be an indication that the current overall uptrend is headed for a potential downtrend. We're now entering a sharp decrease from the 9 EMA indicating bearish momentum, confirmed by the MACD histogram. Are we entering a similar drop to what we experienced in late December 2017 where there was a similar bearish MACD price divergence?
The MACD divergence continues. Even with the small bump to 218 MACD continues to slide, indicating a continuation of bearish momentum. We're currently sitting at an average RSI of 30 with a likely drop to 20 before we see a rebound.