The graph on the left (Daily)
The price is in exponential growth in the timeframe of the last two weeks and is now reaching the 200MA, which is acting as a resistance. At the same time the RSI, on a daily chart, is entering the overbought region.
The graph on the right (4H)
Price forming divergence in relation to RSI indicator, however, I will wait for another divergence within the next 2-3 days. And it would be also helpful to see any price action signal that will support the start of the retracement.
It looks like a bit of cooling would be helpful for future consistent growth!
The price is in exponential growth in the timeframe of the last two weeks and is now reaching the 200MA, which is acting as a resistance. At the same time the RSI, on a daily chart, is entering the overbought region.
The graph on the right (4H)
Price forming divergence in relation to RSI indicator, however, I will wait for another divergence within the next 2-3 days. And it would be also helpful to see any price action signal that will support the start of the retracement.
It looks like a bit of cooling would be helpful for future consistent growth!
BUY - SELL - REPEAT
(c) WunderTrading
(c) WunderTrading
