The hourly chart indicates
1. Flat support & falling trendline resistance (~Descending triangle pattern)
2. RSI Detached from the price action (forming lower lows & lower highs) (with high volumes)
3. RSI is still above 50 (sideways)
4. Volumes are very high on hourly time frame.
5. After a recent uptrend, is it distributing the equity or consolidating ?
I see this as a distribution on hourly time frame. What is your view ?