The price is forming a falling wedge on the daily. Buying pressure looks to be moving in as witnessed by the current spinning top on the daily candle prior to that we saw a hanging man and another top. This could be an indication of some accumulation beginning.
There's a bull cross taking place on the stochastic RSI. However, I don't think we'll see very much upward price movement due to the fact that the kumo, kijun, and tenkan are acting as resistance.
To me, it seems very likely the price will oscillate between the .236 and .382 fibonacci levels.
There's a bull cross taking place on the stochastic RSI. However, I don't think we'll see very much upward price movement due to the fact that the kumo, kijun, and tenkan are acting as resistance.
To me, it seems very likely the price will oscillate between the .236 and .382 fibonacci levels.
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