Let’s see. The price had been rising since July 31. Then, it went to a platform and stayed at around 27903. Now, let’s look at the MACD. The MACD has been falling since the start of the platform so that it could be a signal for bearish. The same situation happened on the RSI; we can see that the RSI went into a downward trend since the start of the platform. So, let’s expect a downward trend in the price.
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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.