After the price was able to touch the ATH in 3th Sep, with a quick dive entered the accumulation channel,
Now price in moving sideways and we expect a valid breaks out for exit this channel.
Crosses up price from 50% fibo extension level, can be considered as a valid breaks out
Indicators
For now, MACD prevailingly neutral but moving toward bullish
RSI still moving exactly on 50 line
conclusion is wait for breaks out
Notice:
Do not forget that this analysis is a preliminary overview.
Now price in moving sideways and we expect a valid breaks out for exit this channel.
Crosses up price from 50% fibo extension level, can be considered as a valid breaks out
Indicators
For now, MACD prevailingly neutral but moving toward bullish
RSI still moving exactly on 50 line
conclusion is wait for breaks out
Notice:
Do not forget that this analysis is a preliminary overview.
