Every indicator is telling me GVT is going to shoot up at anytime. Wait for it to squeeze into the apex of the ascending triangle, a break above the triangle signified uptrend.
Comment:
Yes! Shooting up as expected, now the RSI is clearly overbought and we might retrace back to retest the support of 24000 region. The volume spike is not convincing compared to the previous bull run volume so the bulls might not have the steam to keep pushing up in this overbought RSI region.
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Yes! Shooting up as expected, now the RSI is clearly overbought and we might retrace back to retest the support of 24000 region. The volume spike is not convincing compared to the previous bull run volume so the bulls might not have the steam to keep pushing up in this overbought RSI region.