We see a very clear rising wedge forming, and if you look at what happened during the last rising wedge, the price collapsed, so are we in for a repeat? Overbought signals are incredibly similar as well which further confirm that a reversal is imminent.
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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.