The price has been fluctuating around 116.9 for a while, and now, it seems to go down again.
As we can see, the Bollinger Bands shrunk, which means the price could make a big change in the near future. The volume is low, people do not trust the price right now.
But for me, the situation is clear.
The MACD reviews the downward trend and the slope goes steeper.
The RSI made a lower high, which means the downward trend is also here.
Let’s see the Bollinger Bands, the price is already breaking down the lower band.
Let’s expect the price to go down
As we can see, the Bollinger Bands shrunk, which means the price could make a big change in the near future. The volume is low, people do not trust the price right now.
But for me, the situation is clear.
The MACD reviews the downward trend and the slope goes steeper.
The RSI made a lower high, which means the downward trend is also here.
Let’s see the Bollinger Bands, the price is already breaking down the lower band.
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.