This ascending triangle is significant here. As we know, this is a bullish signal.
The price came down from the 0.929 level. Then it started to form this ascending triangle. As we can see, the Bollinger Bands already started to go up since the beginning of the triangle. Also, the channel shrunk a little bit, which could indicate some changes in the price.
The MACD is still going up, which could also support the ascending triangle.
Once the Bollinger Bands go broad again, the price could break out from the upper band.
Let’s expect the price to go up.
The price came down from the 0.929 level. Then it started to form this ascending triangle. As we can see, the Bollinger Bands already started to go up since the beginning of the triangle. Also, the channel shrunk a little bit, which could indicate some changes in the price.
The MACD is still going up, which could also support the ascending triangle.
Once the Bollinger Bands go broad again, the price could break out from the upper band.
Let’s expect the price to go up.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.