RSI not lower enough to stop the test of $3.7
Could see a resistance rejection, forming another higher low, fueling the break of $3.7 to $3.9
Kommentar:
Potential projection, definitely a long shot call
But the point is we are facing a resistance at $3.6
If we get past this, the next hurdle is $3.7
We could see a possible bounce down to from a second equal or lower high in the flag, possible forming a higher low too
If we re-test the $3.7 we have a much higher chance of breaking up, if so, we could see a test of the $3.9 support
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But the point is we are facing a resistance at $3.6
If we get past this, the next hurdle is $3.7
We could see a possible bounce down to from a second equal or lower high in the flag, possible forming a higher low too
If we re-test the $3.7 we have a much higher chance of breaking up, if so, we could see a test of the $3.9 support