After the price was able to touch the ATH in 3th Sep, with a quick dive entered the accumulation channel,
Now price in moving sideways and we expect a valid breaks out for exit this channel.
Crosses up price from 50% fibo extension level, can be considered as a valid breaks out
Indicators
For now, MACD prevailingly neutral but moving toward bullish
RSI still moving exactly on 50 line
conclusion is wait for breaks out
Notice:
Do not forget that this analysis is a preliminary overview.
Now price in moving sideways and we expect a valid breaks out for exit this channel.
Crosses up price from 50% fibo extension level, can be considered as a valid breaks out
Indicators
For now, MACD prevailingly neutral but moving toward bullish
RSI still moving exactly on 50 line
conclusion is wait for breaks out
Notice:
Do not forget that this analysis is a preliminary overview.
Related publications
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.
Related publications
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.