Following the previous my analysis, today we analyze the daily chart.
It is telling us the same story.. Another drop might occur.
On the weekly chart as we can see below the price is very near to the EMA 25 who acted as important resistance in the past. We have also the Stochastic Rsi in overbought zone
On the daily chart, the price is very near to the bearish trend line and the EMA 200..
We have also the daily Stochastic Rsi in overboought zone.
Another veery important sign is the Wave-Trend that is in overbought zone.
From December 2017, every time that sign occurred, the price dropped a lot.
I start to buy again when the price will be in the accumulation zone.
This is not a financial advice.
Berto.1986
It is telling us the same story.. Another drop might occur.
On the weekly chart as we can see below the price is very near to the EMA 25 who acted as important resistance in the past. We have also the Stochastic Rsi in overbought zone
On the daily chart, the price is very near to the bearish trend line and the EMA 200..
We have also the daily Stochastic Rsi in overboought zone.
Another veery important sign is the Wave-Trend that is in overbought zone.
From December 2017, every time that sign occurred, the price dropped a lot.
I start to buy again when the price will be in the accumulation zone.
This is not a financial advice.
Berto.1986
