Hello,
We can see Bollinger Bands contracting which indicates a swift trend reversal is nearing. Below, oscillators are clearly showing bullish divergence against generally bearish price action which is shown by MA of Bollinger Bands. Therefore we can expect a rise in price and testing of daily high levels of $178.
We can see Bollinger Bands contracting which indicates a swift trend reversal is nearing. Below, oscillators are clearly showing bullish divergence against generally bearish price action which is shown by MA of Bollinger Bands. Therefore we can expect a rise in price and testing of daily high levels of $178.
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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.