As can be seen, the price had been rising since Sep 2nd. The price was very close to the upper band of the Bollinger Bands. Sometimes the price even broke out from the upper band. This could mean that the power of buyers was strong.
Although the pressure of buyers was powerful, it went to a platform then. As we can see, the price did not stay on the platform for a long time.
The Bollinger Bands remain broad, which means the price is not stable. Also, we can see a dead cross on the MACD.
The volume just started to turn red. And RSI already turned to a downward trend.
I believe the power of the resistant area is strong this time.
Let’s expect the price to go down
Although the pressure of buyers was powerful, it went to a platform then. As we can see, the price did not stay on the platform for a long time.
The Bollinger Bands remain broad, which means the price is not stable. Also, we can see a dead cross on the MACD.
The volume just started to turn red. And RSI already turned to a downward trend.
I believe the power of the resistant area is strong this time.
Let’s expect the price to go down