Barrick is looking extremely overbought and in a FOMO stage. Weekly charts still show there some upside left. However, historical RSI levels are way too high. Also, if price action turns at these levels and shows signs of resistance, price will cool off. There wont be any real break out until it pops out of this downward channel that appears to be forming....
SPX is missing a 5th wave up (Elliot) and looks like there might be another push up to $2995-3010 area??? This would play out well with GOLD set up. Triple top and a massive crash afterwards. This will catch all of the FOMOs out there, squeeze all of the juices that are left in the lemon, destroy all of the shorters and Debbie-Downers and then a massive Bye Bye?...
We need to hold these supports and looks like we still have some room to go down on ETH. #eth #ethereum #crypto #bitcoin
Wait for charts to tell us what next price action will do
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ETH is at an important crossroad. Lots of of challenges to overcome. If it plows through 185-188 zone easily, then we would have a reliable set up to go up higher above $200. Until then 200 EMA is keeping #ethereum from going up. RSI is showing overbought conditions. Not a convincing buy set up. #eth #bitcoin #crypto
*not trading advice*