possible (big) Correction ahead, maybe after another last pump
Weekely RSI is pretty overextended and the candles may form a double top. If the wedge breaks bullish i'd expect ist to top out around 1700, followed by a big correction. The project ist still developing and imho the price is just driven by hype and fomo and is probably not sustainable. Personally I won't invest any big amounts now and wait for it to come down to the 900ish area to buy more.
On top the danger of a 2nd Corona Crash is a big threat hanging over the market.
Infections still are getting more and more, especially in the US and the economy is still suffering.
On top the danger of a 2nd Corona Crash is a big threat hanging over the market.
Infections still are getting more and more, especially in the US and the economy is still suffering.
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