ETSY has come into a resistance level at $61.3 range. It is at the moment overextended, meaning it will have to take a breather before it can actually breakout of this level. There is also decreasing volume on its upward movement, showing that it is running out of steam. I think it will pullback to its moving averages around the $56 level
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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.