Are we going to see a reversal soon? - Part 2 ( continuation)
On the 12h chart we can see that
Bullish signs:
1) Stochastic was making higher lows for a while (last 4 lows numbered on the chart), while pricing was going down = Divergence.
2) We also see lower highs on DMI/ADX chart = Divergence.
Bearish signs:
1) Price is almost right below the previous support line (which after breaking it, its considered resistance now), and MA50. These two both can act as a strong resistance, together they are even stronger.
2) Vol is low and we see a decrease in Vol as price is increasing
Personally I believe on 12h chart the bearish sings are stronger than bullish ones
Bullish signs:
1) Stochastic was making higher lows for a while (last 4 lows numbered on the chart), while pricing was going down = Divergence.
2) We also see lower highs on DMI/ADX chart = Divergence.
Bearish signs:
1) Price is almost right below the previous support line (which after breaking it, its considered resistance now), and MA50. These two both can act as a strong resistance, together they are even stronger.
2) Vol is low and we see a decrease in Vol as price is increasing
Personally I believe on 12h chart the bearish sings are stronger than bullish ones
Garyreza (@Analytca)
Predict BTC, Predict Crypto Market
twitter.com/GaryrezaAnalyst
Predict BTC, Predict Crypto Market
twitter.com/GaryrezaAnalyst
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.