As we can see, the price has been rising since August 26th. And now, the pressure got weak, then the price went to a platform.
From the Bollinger Bands, we cannot observe significant signals. Also, the volume stays at the same level.
Now, let’s see something different.
The RSI made lower highs, which I marked with a maroon line. This trend line marked the downward trend for RSI, which is divergent from the price.
Also, the MACD just made a dead cross, which means the price has already started to go down. This is not just a platform for the price, it has directions.
Let’s expect the price to go down.
From the Bollinger Bands, we cannot observe significant signals. Also, the volume stays at the same level.
Now, let’s see something different.
The RSI made lower highs, which I marked with a maroon line. This trend line marked the downward trend for RSI, which is divergent from the price.
Also, the MACD just made a dead cross, which means the price has already started to go down. This is not just a platform for the price, it has directions.
Let’s expect the price to go down.
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.
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.