Can you explain the basis of your 'over bought' theory? Can you provide 10 of the 50 previous calamities referenced so subscribers to the board might research?
By every metric the current price is no where near overbought. RSI just passed through neutral and MACD reversed with the weekly MACD turning up, which also shows early stage reversal. Next resistance would be 4.25, 4.40. If it penetrates those resistance layers then it's clear sailing to 4.90.
I like charts as evidence rather than empty words that are unsupported by any evidence.
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