It's my prediction for next week.
RSI is currently 75.5, the market is oversold. I don't believe it has enough power to break 7100-7120 at this point.
We need a small pullback but I don't think it will go all the way to 6600. The buyers will step in around 6777-6834 - 50 and 38.2 Fib(low risk scenario - TP 6935 - 23.6 Fibonnacci)
I opened two sell positions - but please be aware I'm not a professional trader
RSI is currently 75.5, the market is oversold. I don't believe it has enough power to break 7100-7120 at this point.
We need a small pullback but I don't think it will go all the way to 6600. The buyers will step in around 6777-6834 - 50 and 38.2 Fib(low risk scenario - TP 6935 - 23.6 Fibonnacci)
I opened two sell positions - but please be aware I'm not a professional trader