The price went up to 10941.46 then started to make a pennant. Since the price was going up before the pattern, the pennant could be a bullish signal.
As we can see, the pennant seems not finished. The price tested three times within the pennant.
The Bollinger Bands shrunk, which means the price may break out anytime. Recently the volume started to go up. Sellers and buyers seem to be equal. The MACD is about to make a bullish cross. And RSI seems to recover from the low area.
Let’s expect the price to go up.
As we can see, the pennant seems not finished. The price tested three times within the pennant.
The Bollinger Bands shrunk, which means the price may break out anytime. Recently the volume started to go up. Sellers and buyers seem to be equal. The MACD is about to make a bullish cross. And RSI seems to recover from the low area.
Let’s expect the price to go up.