The price seem to be a trap. No volumes despite it being an 8 month breakout.
there is a clear divergence on the RSI and the price.
Its a classic bearish divergence.
The price is making HH and the RSI(oscillator) is making LH
The price should be back to 1600.
there is a clear divergence on the RSI and the price.
Its a classic bearish divergence.
The price is making HH and the RSI(oscillator) is making LH
The price should be back to 1600.
Comment:
There is a correction.. the price will be back to 1600 levels in few days.