With the RSI above average since mid-April 2025, the trend has been steadily rising up to $82 per share even breaking the highs from late February and March.
Price projected onto both (A and B) Inside pitchforks is well above the median line. In the pitchfork A the price is even directly touching the upper parallel line.
Reversal near the highest achieved price this year on 21st February is probable
Based on these indications, we can expect a fall to around $70 somewhere in the middle of May.
Key details:
Price projected onto both (A and B) Inside pitchforks is well above the median line. In the pitchfork A the price is even directly touching the upper parallel line.
Reversal near the highest achieved price this year on 21st February is probable
Based on these indications, we can expect a fall to around $70 somewhere in the middle of May.
Key details:
- RSI over "overbought" level
- Price in both Inside pitchforks near the upper parallel line
- Longer uptrend = breakdown necessary
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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.
Disclaimer
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.