The price had been rising for a while. Then, it entered in an ascending triangle. As we can see, the ascending triangle is still forming, so the time that the price breaks out would be important.
The ascending triangle is a bullish signal, however, now the MACD twisted together and we cannot see a clear trend.
The RSI is also hanging around the same level, it still has not shown any signal now.
The Bollinger Bands shrunk, which is a good signal.
Since now, we don’t have enough signal to support a bullish point.
Let’s wait for more signals.
The ascending triangle is a bullish signal, however, now the MACD twisted together and we cannot see a clear trend.
The RSI is also hanging around the same level, it still has not shown any signal now.
The Bollinger Bands shrunk, which is a good signal.
Since now, we don’t have enough signal to support a bullish point.
Let’s wait for more signals.