This RSI pattern is terrible. There are 2 options I see:
1. Because $26 got rejected, they are selling until the resistance line to cool off
2. The pump is over.
If we pass $26, then we will easily hit $28. What I'm confused about is that the volume on the daily time frame is massive (3x the previous high). I'm surprised we didn't break upwards more..
1. Because $26 got rejected, they are selling until the resistance line to cool off
2. The pump is over.
If we pass $26, then we will easily hit $28. What I'm confused about is that the volume on the daily time frame is massive (3x the previous high). I'm surprised we didn't break upwards more..