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I think the down trend trend continues.. 5500usd could be first support line
**** This is NOT an investment advice and idea ------
**** This is NOT an investment advice and idea ------
Kommentar:
it can be double bottom formation
I think the RSI is indeed overbought and the whole correction needs some stabilisation. But the bulls are powerful and investor news has been positive!
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Try looking at it on a 1D chart and draw %B (50 period) of the RSI, and draw Bollinger bands around that.
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