As we can see, two big candles went beyond the Bollinger Bands, which I would like to consider a support point. The price usually goes towards the middle line of the Bollinger Bands, so the price may go back toward the middle line, which means the price may go up. Now let’s find some other signals to prove bullish. MACD just made a bullish cross. RSI has already been in an upward movement. Let’s expect the price to go up.
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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.