RE: Market Cap??!7 Aug 2020 12:23
Sam, the charts suggest, as previously mentioned by another poster, that for the months may-July the RSI (1D timeframe) was tracking pretty high - meaning it was overbought and therefore due a correction. This is understandable given the huge rise its had. It has since then corrected itself with the drop over the past few days, judging by the shorter timeframes - allowing for consolidation. So more than likely this will be our new trading range. But of course , charts don't tell the future and anything can happen.