Triple Top + Hidden Bearish Divergence
Volume for the third top has decreased signifcantly which indicates the bulls are exhausted.
2nd top and 3rd top is showing signs of hidden bearish divergence on the RSI (Blue Line)
1st top to 3rd top shows a big drop in strength (White Line)
RSI acing strong resistance (Green Line)
MACD has started to downtick.
Could target the major support also shown on the linear regression indicator.
The 12 Hour MACD looks bullish however.
Just my thoughts
2nd top and 3rd top is showing signs of hidden bearish divergence on the RSI (Blue Line)
1st top to 3rd top shows a big drop in strength (White Line)
RSI acing strong resistance (Green Line)
MACD has started to downtick.
Could target the major support also shown on the linear regression indicator.
The 12 Hour MACD looks bullish however.
Just my thoughts
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