After a steep increase, the price started to make a falling wedge.
The Bollinger bands shrunk a little bit at the beginning of the falling wedge, then it broadened for the body of the falling wedge.
Now, the Bollinger bands shrink again, which means the price could have another breakout.
The falling wedge is a bullish signal, however, this is not enough for us to make a decision.
The volume shows less information about direction. The RSI is recovering from the low area. The MACD just made a bullish cross, which indicates that the price could continue going up for a while.
Let’s expect the price to go up soon.
The Bollinger bands shrunk a little bit at the beginning of the falling wedge, then it broadened for the body of the falling wedge.
Now, the Bollinger bands shrink again, which means the price could have another breakout.
The falling wedge is a bullish signal, however, this is not enough for us to make a decision.
The volume shows less information about direction. The RSI is recovering from the low area. The MACD just made a bullish cross, which indicates that the price could continue going up for a while.
Let’s expect the price to go up soon.