Technical analysis by ColdBloodedCharter about Symbol USELESS on 10/16/2025

$USELESS 4-HOUR chart is actually a brilliant material for anyone who wants to see how powerful HIDDEN BULLISH RSI divergences tend to be. I put vertical dotted lines to demonstrate that we have had 6 of these divergences in a row, and the first 5 'predicted' an explosive rally. And last night I spotted the 6th one. Except, in all previous cases a hidden bullish divergence was followed by a volume spike, not this time. Red flag. Volume is confirmation, which in this case is a bad sign, pointing to a loss of momentum. This rally could morph into a steep decline imo, if #useless closes below the 33c support (fib 0.5), which would be a bearish market STRUCTURE flip. Essentially, a proper LOWER LOW. Positioning around a GOLDEN POCKET (29 - 30c) makes sense due to a confluence of the pocket with a former CUP & HANDLE neckline (which is a current PIVOT trendline - a support/resistance decider). In a nutshell, definitely no longs unless from the GOLDEN POCKET or 0.786 fib ($26c). Possible shorts below 33c, but I would need more technical signals to confirm in real time. 💙👽