Although a head and shoulders pattern was seen, there was no subsequent retracement, despite a formation accompanied by a bullish divergence on the RSI. Close monitoring of this currency is crucial, as a retracement may be imminent. However, an increase in volume and RSI is seen on the latest price increase, potentially nullifying the previous formation.
An update will be provided once a significant movement in either direction has occurred.
An update will be provided once a significant movement in either direction has occurred.