We're reaching the end of a falling wedge since its listing on Binance.
We need to consolidate more on the current 3400 area to set it as main support.
RSI is oversold, candles hit Bollinger's lower band which means we can expect a reversal situation pretty soon.
Nothing special to see yet on MACD in my opinion.
This is not an investment advice, just sharing my thoughts.
Good luck!
We need to consolidate more on the current 3400 area to set it as main support.
RSI is oversold, candles hit Bollinger's lower band which means we can expect a reversal situation pretty soon.
Nothing special to see yet on MACD in my opinion.
This is not an investment advice, just sharing my thoughts.
Good luck!
Comment:
Even though it dropped down to 3100ish area, falling wedge pattern is still formed and not broken. It seems to be a good entry zone at the moment.