We need to break the 41-42k zone to continue rallying until 47k. RSI on the daily took a fair drop which is good. The chart here shows an RSI of 40 on the 4-hourly, nearly oversold. Can definitely see a breakout towards the upside of this falling wedge. Need to break out towards 41-42k and consolidate there to see the next move.
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.