On the 13th of June we had the break of the descending triangle and 50 region of the RSI with confirmation on the 14th of June reaching resistance in the 40k region. On June 15th we have the selling force dominating the day leaving a doji showing market indecision. For confirmation of move reversal and triangle exit it is still necessary for the RSI to remain above 50 showing the strength of the bulls to drive the price to test the next resistance in the 50k region and the downtrendline in the coming days/weeks . In case the breakout of the support at 40k is rejected, the price tends to test the upper line of the descending triangle.
It is not trading advice.
Make your own analysis and decision.
It is not trading advice.
Make your own analysis and decision.
