$CAP formed a double top at 0.0717 and is trying to hold the trend.
Up +31.84% today, currently at 0.06385, having twice failed at the highs.
📊 RSI(6): 70.75 is in a bearish zone again
📊 MA7/MA25 is turning back upwards after the second attempt
📍 MA99 (0.0606) is still going up, thus the main trend is intact
Setup:
🟢 If
$CAP holds above 0.061-0.0638, then the third attempt to break through the resistance at 0.0717 will be made
🔴 If it closes below 0.0606 (MA99), this will be confirmed as a double top, and further decline is expected.
A double top formation at this level of RSI is considered a signal for a decline, but as long as MA99 is heading upwards, this will only be a correction. We are looking forward to seeing how the price will behave at the resistance.
NFA 📊
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