As we can see, the price has been fluctuating for a while. Although we do not see any specific trend of the fluctuating movement, we can fit it into a wedge.
The Bollinger Bands were not changed too much during the wedge, however, it’s not broad, which means the price could easily breakout.
The MACD just went through a bullish cross, so the price could go up after the cross. Also, the RSI shows a bullish trend too.
The falling wedge is a bullish signal. Combining all the signals together, the price could go up soon.
The Bollinger Bands were not changed too much during the wedge, however, it’s not broad, which means the price could easily breakout.
The MACD just went through a bullish cross, so the price could go up after the cross. Also, the RSI shows a bullish trend too.
The falling wedge is a bullish signal. Combining all the signals together, the price could go up soon.