The cryptocurrency is consolidating between $100 and $92, the pair has not established a trend in the last nine trading sessions. The price is trading between the short and long-term moving averages, we might see a breakout in the upcoming days.
The Bollinger bands are wide and moving upwards, which is often an indication of an uptrend; however, the price is not seeing much action in recent sessions and trades at a relatively fair level.
The relative strength index is at 49% which will allow the pair to move in either direction in the short term, we would want to wait for stronger signals on a potential breakout in order to place a trade. Our parabolic SAR indicator suggests that the price will start to climb, but the consolidation phase has not allowed the pair to establish a trend yet.
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