Well rsi was in a descending channel for a long time, today it tried to break the resistances and it failed, its trying to break that again ...
If you see a candle above the 9800 and rsi was above this line ... up trend is more possible and it could go up to 10k again ...
Do not enter your trades before confirmation, Do not enter you trades with emotional decisions and DO NOT FOMO! market is here.
If you liked it, please hit the like button, share and write your comments and follow me, thanks for reading.
Take care, trade safe
If you see a candle above the 9800 and rsi was above this line ... up trend is more possible and it could go up to 10k again ...
Do not enter your trades before confirmation, Do not enter you trades with emotional decisions and DO NOT FOMO! market is here.
If you liked it, please hit the like button, share and write your comments and follow me, thanks for reading.
Take care, trade safe
Note
Looks like rsi resistance got broken.But I recommend you to not enter until you see a candle above 1 fib or below 786
Good luck guys and always use stop loss.
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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.