The price has been falling for a while, and now, the price is making an ascending wedge. As we know, there are two types of ascending wedges, this one, I believe is a bear ascending wedge. The price was falling before the ascending wedge.
I do not believe the MACD and the RSI offers many signals here. As we know, the MACD is a lagging indicator, which means the signal for the future may not show now.
The RSI also does not show too many signals too, but for now, it is in an upward trend.
We can also consider this ascending wedge a retracement. The Fib shows that the ascending wedge is now up to the 0.5 level, so, the price could return here.
I do not believe the MACD and the RSI offers many signals here. As we know, the MACD is a lagging indicator, which means the signal for the future may not show now.
The RSI also does not show too many signals too, but for now, it is in an upward trend.
We can also consider this ascending wedge a retracement. The Fib shows that the ascending wedge is now up to the 0.5 level, so, the price could return here.