The shows an oversold heading upwards and a slightly dropping indicator. The decreased, which might be a sign for tired bears.
The 4h chart shows that the market closed below the , even the last dip closed below it. is showing downwards, is oversold.
The big question is, if the support holds and the bulls are coming back to push the market.
A good signal would be a closing inside the and crossing .
If the support breaks, next support is around 3000 and then 2700.
If we are staying above the , the retest of the downtrendchannel is likely at around 3400.