Bouncing between support and resistance lines, and looks like it may be able to breach the resistance line this time. If not, it will just take the ride back up to resistance and drop off.
The analysis is strongly backed by MACD, which is at a low. This is much lower than previously, which may mean a stronger push upwards.
RSI is also below the oversold line, meaning that it will likely be pushed up again soon. This seems to link very nicely with the MACD and the drop on the candlestick graph.
Just wanted to say- I am still very new to technical analysis so any criticism would be appreciated!
The analysis is strongly backed by MACD, which is at a low. This is much lower than previously, which may mean a stronger push upwards.
RSI is also below the oversold line, meaning that it will likely be pushed up again soon. This seems to link very nicely with the MACD and the drop on the candlestick graph.
Just wanted to say- I am still very new to technical analysis so any criticism would be appreciated!