Based on current Fundamental news as of Sunday 2:29 PM EST, there have been multiple articles released about food shortages and inflation in regards.
Also, More worries in regards to covid with the two new variants has the WHO raising concerns.
If we look at price on the weekly time frame, we have closed under creating once again an equal high. If we zoom in closer to the 1HR and 4HR I am recognizing a swing point being formed.
Price did buy very impulsively last week. Before a continuation, I would like us to retrace and find equilibrium before breaking an all time high.
Also, More worries in regards to covid with the two new variants has the WHO raising concerns.
If we look at price on the weekly time frame, we have closed under creating once again an equal high. If we zoom in closer to the 1HR and 4HR I am recognizing a swing point being formed.
Price did buy very impulsively last week. Before a continuation, I would like us to retrace and find equilibrium before breaking an all time high.