Watching for a formation of double top on the daily chart.
Weekly RSI is still over bought. MACD has not and might not change direction one reason to watch and not to short. 50 EMA is at $200 and it's likely price will return there as part of continuation of bull trend. Stoch RSI is already moving down. Close of market today will likely make it clear if going long or short on this is best.
Purely speculative but August 31st close looks like smart money dumped on dumb money. The market is still up due to excitement but running low on buyers. That's my theory or narrative the market will decide if that's logic depending on if price can close above $450 today.
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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.