As can be seen, the price has been falling for a while. Now, the price entered a platform where the Bollinger Bands also shrunk. So, where would the price go after that?
The Bollinger Bands shows a signal that the price would break out in the near future.
So, what could this big change be?
Let’s take a look at other signals.
First, the MACD is in an upward trend, so does the RSI, which means that they are showing bullish signals.
Next, let’s see the Fib I made. The platform is just at the level below 0.236, which means there could be a potential to go up.
Let’s expect the price to go up
The Bollinger Bands shows a signal that the price would break out in the near future.
So, what could this big change be?
Let’s take a look at other signals.
First, the MACD is in an upward trend, so does the RSI, which means that they are showing bullish signals.
Next, let’s see the Fib I made. The platform is just at the level below 0.236, which means there could be a potential to go up.
Let’s expect the price to go up