After a correction phase of 20-25% , the market climb up and is dropped down again towards a support level. As you can see we are having a ascending triangle in which the market will possibly breakout from and hits to the barrier of the resistance level of 34300 EUR from the ATH .
EMA 200/50: Looking at the EMA of 200/50 it still confirms the upwards trend we are in ⬆️
RSI: We are seeing a decrease of the RSI since 8th of January.( explains the drop in the market ) With currently having a RSI of 57 we still have a more buying power in the market but is not solid enough for a big push.
We still seeing a upwards trend, it’s just waiting for the market to breakout and push trough the resistance level and create a new ATH🔥
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