ANH Showing Exhaustion at Resistance
ANH has laboured to move higher & is facing the following headwinds:
1. RSI is struggling to make a new high despite price going higher (RSI in overbought territory)
2. Each rally is being sold off around current area of resistance
Once price makes a swing high, that will be the cue to open a short position targeting take profit on a swing low confirmation below the upward slopping trendline.
1. RSI is struggling to make a new high despite price going higher (RSI in overbought territory)
2. Each rally is being sold off around current area of resistance
Once price makes a swing high, that will be the cue to open a short position targeting take profit on a swing low confirmation below the upward slopping trendline.
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