After the recent resistance point, the price becomes confused.
Why is it making a platform?
Where is the price going?
Why that candle has such a long tail?
If the price meets such a confusing situation with many many signals, I would focus on one or two for the near future.
I made a Fib line for the nearest upward movement, so now, we can see that the price is swinging around the 0.5 level.
I believe that the price could reach the 0.618 level.
The MACD seems to have a bullish cross in the future, however, no one guarantees that and it is a lagging indicator, this signal could indicate the platform that the price just made.
Let’s expect the price to go down.
Why is it making a platform?
Where is the price going?
Why that candle has such a long tail?
If the price meets such a confusing situation with many many signals, I would focus on one or two for the near future.
I made a Fib line for the nearest upward movement, so now, we can see that the price is swinging around the 0.5 level.
I believe that the price could reach the 0.618 level.
The MACD seems to have a bullish cross in the future, however, no one guarantees that and it is a lagging indicator, this signal could indicate the platform that the price just made.
Let’s expect the price to go down.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.