VXX... down today but still expecting higher VXX

VXX declined today, but I still expect higher VXX in the coming hours / days. Why?

Among other things,

- Daily bullish divergence (falling prices but rising RSI / MACD)

- 60 min bullish divergence (falling prices but rising RSI / MACD)

-60 min mini bullish falling wedge

- VXX hit the daily channel support line today, a rise up toward a R test is likely. This channel line (green) was drawn a few days ago, but continues to be accurate.

Those dual daily / 60 minute divergences look encouraging for higher VXX, although they take some time to manifest themselves.

Daily VXX

60 min VXX

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