- Short-Term Trend: The price seems to be in a short-term downtrend, as the overall movement from mid-July to September is trending downward.
- Support: Around $14.15 is the most recent significant low (from mid-September), which could serve as a support level. Another potential support is near $13.50 (June lows).
- Bollinger Bands
- The Bollinger Bands (red and green lines) show the price recently tested the lower band (near $14.15) and has moved towards the middle of the bands (around $15.06).
- Bearish Sentiment: Overall, the market appears to be in a downtrend, and the most recent price action suggests the market is either consolidating or potentially attempting a minor correction.
- Key Areas to Watch: Keep an eye on the $14.15 support level and the $15.50 resistance level. Breaking above or below these levels could provide clues to the next significant price movement.
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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.
➀➁➂➃➄
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.