The price action has formed an ascending channel, as outlined on the chart, and ascending channels are highly likely to break down after 2 touches of the top of the channel.
We are looking at the volume and RSI14 to to confirm if the price is likely to move up before a breakdown or is there enough weakness that the price will not set another higher high.
Stay tuned and stay safe traders :)
We are looking at the volume and RSI14 to to confirm if the price is likely to move up before a breakdown or is there enough weakness that the price will not set another higher high.
Stay tuned and stay safe traders :)
Smart Crypto Association [ SCA ]
