Current price is close to an ALL time low. So kinda sketchy situation, falling wedge should show growth, but its risky. Price is likely to fall to the All time low price and then recover up. Will need to keep checking it Looking at volume bought/sold amounts, if the pattern repeats its possible that people will start buying again. Supp/Resistance...
DESCRIPTION Pattern is currently a falling wedge which formed over last two months. Zoomed in BB’s (6H) are tightening indicating a price change coming. Latest candle started near the top of the band. 60 bb’s price is ABOVE and OUT of the band. EMA’s slow line is over fast line, showing a bearish trend. 60 EMA price is ABOVE...
The current price is moving in the support that was tested a few times over the last few months. While the support looks strong, the weighted volume is indicating that the price might go down quite a bit. The falling wedge pattern should indicates that price should go up. Price is below BB's which also tells that price should go up. No definite conclusion...
Basically weighted volume is showing me that the current price wont stay at the current mark for long. The falling wedge pattern tell me that the price should go up. BB's got wider, however the price is BELOW the band. Pattern is currenly showing a falling wedge which should say that the price WILL rise. BB’s are widening in 60, and the price...
As you can see on a longer time period the BB's are tightening, if we look back on what it did in the past , it looks like the price will have a huge jump in the near time BB’s are not showing much in lower time periods. However as shown above some big price changes are likely to happen. Price needs to breakthrough through either supp or...
I still believe that the price should continue as i predicted few days ago. The price was supposed to fall a little into the support zone, which it did for a longer time period then expected. The price should rise to the lower resistance. (Lower red block) Pattern is currently a falling wedge. The overall bigger trend is bearish BB’s are tight...