Following a high of $1,662.58 to start the week,This recent decline comes after a failed attempt to move past a long-term resistance level of $1,675.Additionally, price strength has also hit a ceiling at the 53.00 mark, with the index tracking at 52.74.
Ultimately this consolidation, which is almost identical to bitcoin’s, comes as markets wait for this afternoon’s consumer confidence report, before deciding which direction to take.bulls break the 53.00 ceiling on the RSI, there is a good chance that price could be heading to or above $1,700.Tags in this story
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