Triangle on ETPUSD
מעודכן
The price ran into a triangle formation 2 days ago and oscillates between its edges ever since.
There is now a movement towards the upper border, which enjoys support from the RSI, but the MFI is already shortly before a overbuying signal.
I don't think that the price will make a significant breakthrough through the upper border and it is more likely that it retraces back to lower grounds.
The only caveat here is the BTC price, which - if correcting - could cause fresh money to give a significant push to the ETP price.
There is now a movement towards the upper border, which enjoys support from the RSI, but the MFI is already shortly before a overbuying signal.
I don't think that the price will make a significant breakthrough through the upper border and it is more likely that it retraces back to lower grounds.
The only caveat here is the BTC price, which - if correcting - could cause fresh money to give a significant push to the ETP price.
הערה
I moved my trading activity and the publishing of my ideas to my main account, PJUllrich. So, if you want more ideas like this, please follow PJUllrich :)
כתב ויתור
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