As we can see on the chart we are in an ascending channel it looks as though for today a clear break of the channel is somewhere between $18,150 and $18,200. A close above this channel would warrant further gains. However a close below this channel would certainly put us back at $16,000 at least. Of course if that line is broken.... The floor is the limit!
Stoch RSI has been above 80 since the 23rd of November. This thing is going to come down at some point. Looking at the past it shows that it can come down hard very quickly or it can come down gradually over a period of days or weeks.
This is not trading advice. This is the chart as I interpret it. My interpretation is not always correct. Please DYOR!
Stoch RSI has been above 80 since the 23rd of November. This thing is going to come down at some point. Looking at the past it shows that it can come down hard very quickly or it can come down gradually over a period of days or weeks.
This is not trading advice. This is the chart as I interpret it. My interpretation is not always correct. Please DYOR!