Monthly chart update
Should always take a look at the end of the month on the assets you follow and chart out the monthly chart.
RSI at a crossroads. The RSI is now at the resistance from the downtrend started in 2018. This is a likely a leading indicator to the future price which has not reached the trend line on the PA
The more local red down trend line from the peak in 2019 also has not been breached.
The horizontal resistance around $37.35 looks incredibly important. Note the amount of touches (yellow arrow) where this level played an important spot on the monthly chart. We have seen on many assets the price accelerate upward after a clear break of similar resistances.
Pretty crucial month coming up.
RSI at a crossroads. The RSI is now at the resistance from the downtrend started in 2018. This is a likely a leading indicator to the future price which has not reached the trend line on the PA
The more local red down trend line from the peak in 2019 also has not been breached.
The horizontal resistance around $37.35 looks incredibly important. Note the amount of touches (yellow arrow) where this level played an important spot on the monthly chart. We have seen on many assets the price accelerate upward after a clear break of similar resistances.
Pretty crucial month coming up.
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