The 15m RSI is showing divergence, and that means we can expect a bounce incoming, where will it go? The first major resistance is probably the 8500 area. Can it crash more? Yes it can, but RSI divergence is a strong signal, so I am guessing the upmove is more likely from here.
Comment:
Looks more likely to blast through 8500 though.
Comment:
That 8500 area is becoming likely to be the top for this move, confluence of price resistance, EMA 200 on 15mins, RSI overbought level on 15mins. Be sure to take some profits there and hold on to some in case price blast through.
That 8500 area is becoming likely to be the top for this move, confluence of price resistance, EMA 200 on 15mins, RSI overbought level on 15mins. Be sure to take some profits there and hold on to some in case price blast through.
Heading to 8500, very reachable