So, the downtrend channel was broken 2 days ago and it has found support on the EMA 200 and 50. RSI has still room to go up before reaching the overbought area.
I think it's just a matter of time that we will test the 68,5% retrace and break it also.
I don't know many of you have in your chart that was not broken, you probably are using log view.
I think it's just a matter of time that we will test the 68,5% retrace and break it also.
I don't know many of you have in your chart that was not broken, you probably are using log view.
Note
*61,8%Note
Seems that it tested the recent support made by the two recent highs. Let's see if it will break the 61,8% fib soon.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.