Price had reached the resistance at 116.5k where it got rejected exactly as predicted and is currently consolidating. MACD is starting to show some bearish weakness, RSI is bought and EMAs are bullish. Price needs to break and close above 117k in order to expect further bullish movements.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.