TRBUSD Sell the Channel Up peak. 1week RSI extremely overbought.
Tellor / TRBUSD is on 6 straight green 1week candles. The long term pattern is a Channel Up which has grown more than +600% since it touched its bottom.
The 1week RSI is already much higher than the previous Higher High, in fact it is just under the 90.00 Resistance A, formed by the August 2020 highs.
We have entered a heavy take profit zone. The previous Higher High rejection pulled back to the 0.618 Fibonacci level.
Sell and target 20.00 (Fib 0.618).
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The 1week RSI is already much higher than the previous Higher High, in fact it is just under the 90.00 Resistance A, formed by the August 2020 highs.
We have entered a heavy take profit zone. The previous Higher High rejection pulled back to the 0.618 Fibonacci level.
Sell and target 20.00 (Fib 0.618).
Follow us, like the idea and leave a comment below!!
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