Here is why:
1. Price just made a big rally up and is way overextended on every timeframe.
2. Price has reached a key trendline where it has bounces to the downside before since September 2013!
3. The RSI has reached the indicator strength trendline where it should respect it since this pair likes to form RSI trendlines!
1. Price just made a big rally up and is way overextended on every timeframe.
2. Price has reached a key trendline where it has bounces to the downside before since September 2013!
3. The RSI has reached the indicator strength trendline where it should respect it since this pair likes to form RSI trendlines!
Nota
It is following a Fibonacci spiral!!! when it breaks it, it will reverse.I have experience with this as it happened as well with Bitcoin!
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.