Patterns from other cycles seem to be repeating themselves today.
After each ATH of each cycle, the price heads towards the blue area where the EMA50 is, making a support.
When it breaks the EMA50, the price goes back to the average in the yellow area but this time it makes the EMA50 as resistance.
Finally, the price fails to break the resistance and finds the...
RSI & EMA
If older chart patterns serve as an indicator to predict future movements, we can observe that the price approaches a zone that in previous movements served as an indicator for trend reversal.
We're very close to a reversal move, however, we can still see more selling pressure.
Since the rsi touches the bear upper zone until it reaches the bear lower...
