This RSI pattern is terrible. There are 2 options I see:
1. Because $26 got rejected, they are selling until the resistance line to cool off
2. The pump is over.
If we pass $26, then we will easily hit $28. What I'm confused about is that the volume on the daily time frame is massive (3x the previous high). I'm surprised we didn't break upwards more..
1. Because $26 got rejected, they are selling until the resistance line to cool off
2. The pump is over.
If we pass $26, then we will easily hit $28. What I'm confused about is that the volume on the daily time frame is massive (3x the previous high). I'm surprised we didn't break upwards more..
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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.