The eye of the storm
By my analysis it's probable that we have arrived at the epicentre of the descent that started in May. Look at the RSI slope between May and July. Powering up for the big drop with little price movement. Now look at the RSI over the last two weeks. Big similar slope but very little real movement and lots of turbulence. Expecting a rise to the 1.28 area followed by the second half of the match.
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.