Hello traders,
On a few of the lower timeframes we see a slight bearish divergence forming with our RSI. Where price continues to climb higher but the strength is diminishing.
On top of that we just formed a double top at $6.67. Since this is on the lower timeframe I would not say its the strongest signal, but wanted to put this on your guys radar. If we do see a pull back, the first levels I would be watching for is around the $5.20 level as that would be a retest of our orange symmetrical triangle and also our long-term purple trendline.
On a few of the lower timeframes we see a slight bearish divergence forming with our RSI. Where price continues to climb higher but the strength is diminishing.
On top of that we just formed a double top at $6.67. Since this is on the lower timeframe I would not say its the strongest signal, but wanted to put this on your guys radar. If we do see a pull back, the first levels I would be watching for is around the $5.20 level as that would be a retest of our orange symmetrical triangle and also our long-term purple trendline.