Possible trend inversion
Updated
We can see a trend that is probably going to invert its raise by studying the EMAs and MACD 3/10. The croosing of the 2 EMAs (20 and 50 periods) is a signal of a changing situation, this is strengtened by the extended MACD divergence that doesn't confirm the new relative maximums.
If this trend inverts possible price goals could be found with the Fibonacci retracement.
If this trend inverts possible price goals could be found with the Fibonacci retracement.
Comment
MACD didn't confirm new minimums and the price went up after a short period of fall
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.