Good little melt up to take us above the .786 Fib level... though technicals aren't looking so hot.
Noticed a little bearing Elliot triangle thats looks like its going to push it lower and out of the ascending wedge that started towards the end of SEP.
On the daily charts we are hovering right below overbought territory and is looking primed.
IMO I don't think that there is going to be a crazy downside action though you never know.
Tether FUD or China is what I'm going to guess will be the narrative if there is a good downside action here within the next couple of days.
That's all folks
Noticed a little bearing Elliot triangle thats looks like its going to push it lower and out of the ascending wedge that started towards the end of SEP.
On the daily charts we are hovering right below overbought territory and is looking primed.
IMO I don't think that there is going to be a crazy downside action though you never know.
Tether FUD or China is what I'm going to guess will be the narrative if there is a good downside action here within the next couple of days.
That's all folks