REASON: Price has a formation of a rising wedge. If price makes a fall out of the wedge, then there will be a fall to the support zone and it will make a rebound to the upside. There will be a fall to the support level(124.285)
Price has hit this support level more than twice and there's a rebound to the upside.
The RSI is also heading towards the oversold region.
Please comment below if you have any suggestions/ideas.
Price has hit this support level more than twice and there's a rebound to the upside.
The RSI is also heading towards the oversold region.
Please comment below if you have any suggestions/ideas.