As we can see from using RSI and focusing on the "M" shapes that have been created in the past week - new highs were established and pushed through resistance in between, using this train of thought and also using the MAC D indicator focusing on divergence we see the blue line crossing below the orange line - signaling a selling point and a future divergence in a drop of price. While the last week was truly historic I firmly believe that momentum is going to be lost and that within the near future we will see a significant drop in price and the RSI create a "W shape" as the price drops.
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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.