The weekly RSI was a support at 52 level across the 2016-2017 bull run.
If that value holds, it could be confirmation of a new bull run.
2018 and 2019 was the bear market period, with the weekly RSI below 53 (resistance at level 53).
The GREEN LINE on the RSI has a strong projection power (confirmation if we will enter an up or down trend).
We need a little more time to confirm the next moves.
If that value holds, it could be confirmation of a new bull run.
2018 and 2019 was the bear market period, with the weekly RSI below 53 (resistance at level 53).
The GREEN LINE on the RSI has a strong projection power (confirmation if we will enter an up or down trend).
We need a little more time to confirm the next moves.