As we can see, the price has been making a falling wedge since Sep 14th. The Bollinger Bands shrunk, so, the price is ready for any big change.
But when and where would the price makes a big change?
We should pay more attention to indicators.
The MACD is about to make a bearish cross, however, this is a lagging indicator. This means that the price would be in a downward trend for a while, which could be indicating the falling wedge.
Let’s just keep our eyes on signals and expect the price to finish the falling wedge
But when and where would the price makes a big change?
We should pay more attention to indicators.
The MACD is about to make a bearish cross, however, this is a lagging indicator. This means that the price would be in a downward trend for a while, which could be indicating the falling wedge.
Let’s just keep our eyes on signals and expect the price to finish the falling wedge