At the moment the price is making a falling wedge in the overall bull flag taking place.
Most of our indicators are bearish despite the bullish chart pattern.
Stochastic RSI is falling to past support
The DIs on the ADX are bearish and the downtrend is losing steam. Confirmation can be seen by the wicks happening on the way down.
However, we can see that senkou lines A and B are beginning to twist and further movement would bring the chikou through the price.
This could mean a bounce off the .5 or .382 fib levels as the price moves down the wedge.
Most of our indicators are bearish despite the bullish chart pattern.
Stochastic RSI is falling to past support
The DIs on the ADX are bearish and the downtrend is losing steam. Confirmation can be seen by the wicks happening on the way down.
However, we can see that senkou lines A and B are beginning to twist and further movement would bring the chikou through the price.
This could mean a bounce off the .5 or .382 fib levels as the price moves down the wedge.
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