Observations
My guess is that if 50 if RSI dips below 50%, price will drop as significantly. _If_ price action keeps RSI > 50, then the continuation patter would likely play out.
- A triangle continuation pattern seems to have formed over the last few years
- RSI 50 (1M) seem to be acting as resistance
My guess is that if 50 if RSI dips below 50%, price will drop as significantly. _If_ price action keeps RSI > 50, then the continuation patter would likely play out.
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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.