As can be seen, the price has been falling down for a while. Then, the price broke the lower band of the Bollinger Bands on September 24th. During this time, the Bollinger Bands shrunk, which is a signal for a big change.
The price has already bounced back a little to the 0.236 level Fib, so, I am confident with the support point I marked with a black circle.
The volume shows that the buyers are confident. Also, the RSI is in an upward trend.
Let’s wait for the price to go up.
The price has already bounced back a little to the 0.236 level Fib, so, I am confident with the support point I marked with a black circle.
The volume shows that the buyers are confident. Also, the RSI is in an upward trend.
Let’s wait for the price to go up.