With over supply, demand going down i believe a rising wedge is being built into formation. You could see that it already broke the upper trend line which would be a signal for a downfall quite soon. Also, even though trend is up, you could see bulls were not really in control with huge resistance and brute force for every push up.
It’s only a matter of time before we go back to 2.5 then maybe a retrace up of the 200 Daily EMA before we see 2.0-2.25 levels again this summer.
Safe trading, this is my own view and not any financial advise.
It’s only a matter of time before we go back to 2.5 then maybe a retrace up of the 200 Daily EMA before we see 2.0-2.25 levels again this summer.
Safe trading, this is my own view and not any financial advise.