The RSI indicators shows the strong tension in the market. It is hard to tell which way the price is going. But by aplyying the fib retracment on the 14 Rsi you can see the line moving on the levels. Even though it is hard to deside the next move i think mostly bull are taking over. the price is at an important support and staying above it is great.
good luck!
good luck!
Note
the price has bounced of the support (The green area) and I'm expecting an upward move in the next days to the resistance (Black area).Good Luck!
Note
We can also see a bounce of the lower trend on the Rsi indicator.
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Disclaimer
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.