RSI peaked above all-time-high levels but price failed to correct even half of the downtrend.
The dynamic driving this drop scenario might be that we are still in a downtrend and people just got too excited thinking the bottom is in, so that the price now has to correct.
The dynamic driving this drop scenario might be that we are still in a downtrend and people just got too excited thinking the bottom is in, so that the price now has to correct.
Comment:
just something to keep an eye-on if downside momentum accelerates
