The price had been falling down for a while. As we can see, the slope of the downward changed during the falling. So we can make a guess that the pressure of sellers became stronger during the falling.
So, where would the price go next?
I made a Fib retracement line for the falling part. As can be seen, the price is at the 0.5 level now. Considering the signal of the Bollinger Bands, which shrunk, I would say that the price could make a big change in the near future. The Volume and the MACD shows all the bullish signals. The price could meet at the 0.618 level soon.
But I am now always positive at the buyers.
Let’s wait for the price to reach the 0.618 level
So, where would the price go next?
I made a Fib retracement line for the falling part. As can be seen, the price is at the 0.5 level now. Considering the signal of the Bollinger Bands, which shrunk, I would say that the price could make a big change in the near future. The Volume and the MACD shows all the bullish signals. The price could meet at the 0.618 level soon.
But I am now always positive at the buyers.
Let’s wait for the price to reach the 0.618 level