This chart shows that a previous resistance has now become support ever since the breakout and looking on it on the long-term view we can see that there is an pattern being formed which acts a great sign that you want to watch out for. You can expect the price to fluctuate between the or until a further confirmation for a breakout.
- MACD - Since the price has spiked so quickly in value t have left the in highly bought posistions evne after the drop tyhat we have already had. It indicated that there could be a further drop which would problem begin to move sideways when it hits mid-way or over sold conditions.
- RSI - When we take a look at the past we can see that the same trends look to be happening (realistic you should not use past events from your trades as this is often because of news and almost acts as an outlier), however, it is good to give you an insight on where the trend could be heading next. If the lines cross over in the downward direction will continue to drop to the mid-line where we will find some consolidation.
- Orange - Resistance.
- Pink - Support.