BOLLINGER BANDS-Indicate that we are in the lower spectrum if the osciillation which leads to the price usually heading upward.
Price is also hitting and hoovering around a famous 1433-1448 price range. If it breaks the 1448, we can expect a strong upward movement.Usually this is the region where institutional investors get involved. For more accuracy, add volume session to see if it makes sense
Force index indicates that bearish movement had very low volume despite a 100 usd price drop. This means that the drop is not supported by many participants and therefore we should expect the price to head upward.
RSI- was changed to 8 in order to reflect a short term movement. Despite that, we should also pay attention to the fan lines indicated in green. If the price does end breaking through all three lines, we will be in a strong close to 2000 price up trend.
Price is also hitting and hoovering around a famous 1433-1448 price range. If it breaks the 1448, we can expect a strong upward movement.Usually this is the region where institutional investors get involved. For more accuracy, add volume session to see if it makes sense
Force index indicates that bearish movement had very low volume despite a 100 usd price drop. This means that the drop is not supported by many participants and therefore we should expect the price to head upward.
RSI- was changed to 8 in order to reflect a short term movement. Despite that, we should also pay attention to the fan lines indicated in green. If the price does end breaking through all three lines, we will be in a strong close to 2000 price up trend.