As price action approaches a significant level, we can assume that if enough buying pressure at these prices can price continue its rally. The recent retracement was expected however the full gains have yet to be achieved.
If we were to observe the left chart using the four hour timeframe price is approaching an important neckline which can provide a reversal based on the rsi price has been oversold a number of times already.
there is a break in trendline, possible reversal to the upside or at least to the next level of resistance broken above 67.3k to start.
If we were to observe the left chart using the four hour timeframe price is approaching an important neckline which can provide a reversal based on the rsi price has been oversold a number of times already.
there is a break in trendline, possible reversal to the upside or at least to the next level of resistance broken above 67.3k to start.
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