Let’s see, the price seems to face pressure at the point I marked with a red circle. It could be a resistant area. And now, I would say it’s time to bounce back.
Bollinger bands are always powerful, so the pressure should be strong. And we can see the volume seems to go down.
MACD, remains high, however, it’s a lagging indicator.
RSI still high, however, it is making lower high now, which means it is already in a downward trend.
So, let’s expect the price to go down
Bollinger bands are always powerful, so the pressure should be strong. And we can see the volume seems to go down.
MACD, remains high, however, it’s a lagging indicator.
RSI still high, however, it is making lower high now, which means it is already in a downward trend.
So, let’s expect the price to go down
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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.