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On weekly chart we can see that macd showed small divergence before price fall from 1.440. Price fall bellow 61%. MACD is bellow 0 line and falling.
On daily chart we can see that MACD formed divergence and adx fall before trend changed. Price is currently in downtrend.
MACD is bellow 0 line and shows divergence. ADX is above 25.
CONCLUSION: W e are still in downtrend. We may see retracement but then more fall. Price should be around 1.26 till 1st October
On daily chart we can see that MACD formed divergence and adx fall before trend changed. Price is currently in downtrend.
MACD is bellow 0 line and shows divergence. ADX is above 25.
CONCLUSION: W e are still in downtrend. We may see retracement but then more fall. Price should be around 1.26 till 1st October