I called a drop to the bottom bollinger wave nearly two weeks of "Overbought" on RSI and Stochastic RSI. The price fell to the bottom and RSI and StochRSI are now oversold. Triangle looks ascending, but the bottom is a very slight incline. My prediction is that RSI will be overbought at mid resistance of the bollinger wave (near $6700) and shrink it, RSI resting near 50. It looks like another long dance in the 6000s. The new SEC boss is pro-crypto, so we'll see if an ETF brings in some new money which the market definitely needs.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.