The price entered in an ascending triangle on October 4th. Since then, the volume started to rise, which means traders saw the signals and gained confidence from that.
The ascending triangle is a bullish signal, the price could break out any time.
Would the price break out in the near future?
The Bollinger Bands has been shrinking since the beginning of the ascending triangle. This shrinking could be a signal for any big change in the price in the near future.
The two lines of MACD twisted together, so it’s hard to tell any signals.
The RSI remains at 55 for a while, so we cannot find any clue here too.
Anyway, we have an ascending triangle and the Bollinger Bands support the bullish signal.
Let’s expect the price to go up
The ascending triangle is a bullish signal, the price could break out any time.
Would the price break out in the near future?
The Bollinger Bands has been shrinking since the beginning of the ascending triangle. This shrinking could be a signal for any big change in the price in the near future.
The two lines of MACD twisted together, so it’s hard to tell any signals.
The RSI remains at 55 for a while, so we cannot find any clue here too.
Anyway, we have an ascending triangle and the Bollinger Bands support the bullish signal.
Let’s expect the price to go up