The price just made two big moves recently, which formed a bearish chart pattern.
This pattern is called the ABCD pattern, we can see that it’s also based on the Fibonacci retracement.
The price just broke out the upper band of the Bollinger Bands, which could tell us that the price met a pressure here. And also the Bollinger Bands just went through a shrinking.
The MACD and RSI are not telling us too many signals right now.
The signals are not enough now, I would wait to see if there is more signal in the near future.
This pattern is called the ABCD pattern, we can see that it’s also based on the Fibonacci retracement.
The price just broke out the upper band of the Bollinger Bands, which could tell us that the price met a pressure here. And also the Bollinger Bands just went through a shrinking.
The MACD and RSI are not telling us too many signals right now.
The signals are not enough now, I would wait to see if there is more signal in the near future.