I have been seeing this in a few sectors, but I see a Wyckoff Distribution (#2) occurring here as well. There is a gap at around $50 that I'm expecting it to fill.
1Y
RSI is topping.
MFI is overextending.
5Y
RSI is rising.
MFI is trending up.
ALL
RSI is showing a short incline, but could be peaking at 20 for a drop down after.
MFI is in a decline.
Volume also looks to be trending lower with lower highs.
The indicators could give a case for going higher with some of them being bullish.
Prediction: I believe we will see this fall.
For my educational purpose, not to be used as financial advice.
1Y
RSI is topping.
MFI is overextending.
5Y
RSI is rising.
MFI is trending up.
ALL
RSI is showing a short incline, but could be peaking at 20 for a drop down after.
MFI is in a decline.
Volume also looks to be trending lower with lower highs.
The indicators could give a case for going higher with some of them being bullish.
Prediction: I believe we will see this fall.
For my educational purpose, not to be used as financial advice.
Comment:
We may see a little pump from here, but there is more downside to go.