The price has been in a downward trend for a while. And the Bollinger Bands keep getting narrow, which for me is a signal that the price may break out anytime.
Also, the volume is low, which means traders are not confident with the price. And the MACD is in a downward trend too, however, it just went through a dead cross.
The RSI just went through an oversold point and tried to recover.
So, let’s wait for the price to go up
Also, the volume is low, which means traders are not confident with the price. And the MACD is in a downward trend too, however, it just went through a dead cross.
The RSI just went through an oversold point and tried to recover.
So, let’s wait for the price to go up
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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.