Ethos (BQX) using December peaks as support

BQX has seen a lot of negative trends and isn't giving any strong signs of reversal. BQX is now creating a pattern on the second support, coming from the latest peak in December. RSI is just above oversold and MACD is showing bullish. There is a probability that BQX will peak to support #1, in which support #1 will act like a resistance making the BQX go back to support #2.

Chances of BQX breaking resistance level at support #1 is very unlikely. The strength of support #2 has yet to be proven.