The price has been falling for a while.
There are two support points for the price, both of them broke out from the lower band of the Bollinger Bands.
The first support area changed the slope of the downward trend only. This support area did not have enough power to change the direction.
Now, the latest support area seems to do something different.
We can see that the MACD is about to make a bullish cross. The RSI is also showing the bullish signal.
I would say, this time the support area could be powerful.
There are two support points for the price, both of them broke out from the lower band of the Bollinger Bands.
The first support area changed the slope of the downward trend only. This support area did not have enough power to change the direction.
Now, the latest support area seems to do something different.
We can see that the MACD is about to make a bullish cross. The RSI is also showing the bullish signal.
I would say, this time the support area could be powerful.