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Price was rejected by the horizontal resistance which gives us a Double Top pattern, also we have an RSI is in an overbought zone. The price can retest the previous resistance of the Channel (currently support), so we can initiate a short position with a stop-loss above horizontal resistance
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.
Price was rejected by the horizontal resistance which gives us a Double Top pattern, also we have an RSI is in an overbought zone. The price can retest the previous resistance of the Channel (currently support), so we can initiate a short position with a stop-loss above horizontal resistance
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.