The price made a huge bullish move, after breaking out of the channel formation. Now it is in a strong area of resistance. The RSI is also way overbought. Both indicating, that the price should make the next move in the bearish direction.
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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.