The price have hit today resistance of the uptrend channel.
In my opinion, there won't be enough bulls to break 19,5 EUR.
I expect the correction of this rise, which will probably end at 14,60 EUR (38,2% fibo level)and if BTC price fall down, than the 11,5 - 12,2 EUR level is expected (61,8%).
The RSI level is record high (overbought). Looking back we can see that, at ~95, the price begins to drop. However it's not the long trend reversal.
In my opinion, there won't be enough bulls to break 19,5 EUR.
I expect the correction of this rise, which will probably end at 14,60 EUR (38,2% fibo level)and if BTC price fall down, than the 11,5 - 12,2 EUR level is expected (61,8%).
The RSI level is record high (overbought). Looking back we can see that, at ~95, the price begins to drop. However it's not the long trend reversal.
Note
target: 14.2 - 14.5
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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.