Price action has it major players around the 13230.0, Sellers are still selling after a big plummet in price. Showing signs that price action is oversold whilst price action has started it way back to the trend. Price has a high probability of turning at the highlighted zone.
1. As stated before the price is already oversold by sellers continuing to pursue the bearish sentiment, whilst price has it a major zone on the daily. Also, price hit the Bollinger-band validating my claim that price is too low in the supply and demand curve.
2. Price is in a uptrend
1. As stated before the price is already oversold by sellers continuing to pursue the bearish sentiment, whilst price has it a major zone on the daily. Also, price hit the Bollinger-band validating my claim that price is too low in the supply and demand curve.
2. Price is in a uptrend