The price is near a support zone and it is forming a divergence with the MACD indicator.
There is also a descending wedge that has been broken and confirmed the change of trend.
The trendline indicates us a bounce in the price and it is been respected
Comment your ideas!
There is also a descending wedge that has been broken and confirmed the change of trend.
The trendline indicates us a bounce in the price and it is been respected
Comment your ideas!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.