seems we broke out of the recent downtrend since cinco de mayo with fairly strong momentum as indicated by the rsi and the rate of change applied to the rsi. If we can hold above the 25 day ema, we will be able to test further resistance points into the 7k+ range. Flat until RSI cross over and retest of 50.
The most recent downtrend traces all the way back to ath. but as you can see we have been trading in a narrow downtrending channel as of late. There are multiple barriers to prevent a higher breakout, and volume is still on the decline. Couple the technicals with bearish fundamentals re bfx and tether (spoof and wash trading/faking money being printed) and we can...
The most recent downtrend traces all the way back to ath. but as you can see we have been trading in a narrow downtrending channel as of late. There are multiple barriers to prevent a higher breakout, and volume is still on the decline. Couple the technicals with bearish fundamentals re bfx and tether (spoof and wash trading/faking money being printed) and we can...