Here is my short analysis of the current chart:
1. Price is ranging in between the two trend lines and its at the bottom of the trend line right now
2. Price has just touched 50 day MA and will most likely bounce back up
3. RSI is also at a key support level and most likely to bounce back up because it has acted a key level of resistance and support in the past
4. Stochastic is also at the bottom and turning upwards.
Please let me know if there are some other view points that I might have missed. I'm eager to learn. Hit like if you like my 50 cent. :)
1. Price is ranging in between the two trend lines and its at the bottom of the trend line right now
2. Price has just touched 50 day MA and will most likely bounce back up
3. RSI is also at a key support level and most likely to bounce back up because it has acted a key level of resistance and support in the past
4. Stochastic is also at the bottom and turning upwards.
Please let me know if there are some other view points that I might have missed. I'm eager to learn. Hit like if you like my 50 cent. :)