The price came down from 488.75 at the beginning of September, it even went down to 309.1. Then it tried to recover from the low price, however, it seemed like the buyers were stronger. So, before this pennant, the price was in an upward trend.
The previous upward trend indicates that the pennant now could be a bullish pennant, however, the previous upward pressure was not very strong. As we can see, the price has never recovered too much.
The volume remains low, the MACD seems to get to a bullish cross. And the RSI is trying to recover from a low area.
Let’s wait for more signals.
The previous upward trend indicates that the pennant now could be a bullish pennant, however, the previous upward pressure was not very strong. As we can see, the price has never recovered too much.
The volume remains low, the MACD seems to get to a bullish cross. And the RSI is trying to recover from a low area.
Let’s wait for more signals.