I still believe that the price should continue as i predicted few days ago. The price was supposed to fall a little into the support zone, which it did for a longer time period then expected.
The price should rise to the lower resistance. (Lower red block)
The price should rise to the lower resistance. (Lower red block)
- Pattern is currently a falling wedge. The overall bigger trend is bearish
- BB’s are tight and getting tighter. Especially so in 60. This suggest that a price change is comming soon.
- EMA’s are bearish in lower time periods (5 hours and lower), while 6 hour and bigger periods are still bullish, however a cross from bullish to bearish might happen on those soon.
- MACD’s are touching in most lower time periods (6H below)
- Ichimoku cloud is price currently is below the cloud. Conversion is below Base line showing a bearish trend.
- Fibb
- Pitchfork currently bearish