5 bands show 5 signals.
Bandd5 at top is slowest reacting. Band1 is quickest.
Current status is: 2 green bands 3 red bands.
So the long term indications are still holding bullish, but the short to mid term time frame is bearish.
Anything can happen but if the bearishness continues, the longer term indicators will turn bearish, or if price starts turning bullish the short and mid-term indicators will turn green. For now, things are more bearish than bullish.
Bandd5 at top is slowest reacting. Band1 is quickest.
Current status is: 2 green bands 3 red bands.
So the long term indications are still holding bullish, but the short to mid term time frame is bearish.
Anything can happen but if the bearishness continues, the longer term indicators will turn bearish, or if price starts turning bullish the short and mid-term indicators will turn green. For now, things are more bearish than bullish.