Here is the monthly chart from the bitstamp exchange. It has a bollinger band with the 20 month moving average in yellow.
Price is right at the 20 mma which may be providing a support level?
The heikin ashi bars are still red illustrating the downtrend. The lower wicks on the candlesticks are getting shorter which is a good sign of a potential reversal...?
Stochastics are leveling off which is a good sign for those that are long. But, it can still drop if support does not hold.........
The weekly chart has the 20 wma in yellow and the 50 wma in blue, price is under both for a bearish technical chart.
The bollinger bands are narrowing in and price with any asset will typically break out one way or another. It's just a matter of time..........................
The daily chart is from coinbase with a 200 dma in orange. (Which appears to be providing resistance to the upside since March of this year.
You can clearly see the trading range that it has been stuck in since March...
To reverse back to a bull market, it should trade above the 200 dma, the last major high 8488 and break above the upper resistance line. (To create higher highs and higher lows)
