The price went through a downward trend for two days.
So, how long will this situation last?
Here we have some clues. First, the Bollinger Bands shrunk, which is a signal for a change. Also, the price touched the lower band of the Bollinger Bands, which means the price could bounce back from now.
The recent Fib shows that the price already reached the 0.382 level, this could be a signal that the price may go back to the original trend.
The MACD is still in the downward trend, however, the MACD is a lagging indicator, which means the signal could be delayed.
Let’s expect the price to go up~
So, how long will this situation last?
Here we have some clues. First, the Bollinger Bands shrunk, which is a signal for a change. Also, the price touched the lower band of the Bollinger Bands, which means the price could bounce back from now.
The recent Fib shows that the price already reached the 0.382 level, this could be a signal that the price may go back to the original trend.
The MACD is still in the downward trend, however, the MACD is a lagging indicator, which means the signal could be delayed.
Let’s expect the price to go up~