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
Predict BTC, Predict Crypto Market
twitter.com/GaryrezaAnalyst
Predict BTC, Predict Crypto Market
twitter.com/GaryrezaAnalyst
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.