We have made it to the tip top of the ascending wedge inside of the larger wedge.
Theres been a good bearish divergence on the RSI this run to the ATH so the drop is inevitable.. I mean what can i say this is been a hell of a ride.
200 day is 8.5% away.
2 scenarios:
1. Bounce back up to the tippy top and briefly pass ATH to be rejected at the trend followed by a good drop and out of the wedge.
2. Continue the decline and start its descension towards the 410 range to test support and fill gap.
That's all folks
Theres been a good bearish divergence on the RSI this run to the ATH so the drop is inevitable.. I mean what can i say this is been a hell of a ride.
200 day is 8.5% away.
2 scenarios:
1. Bounce back up to the tippy top and briefly pass ATH to be rejected at the trend followed by a good drop and out of the wedge.
2. Continue the decline and start its descension towards the 410 range to test support and fill gap.
That's all folks
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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.