What doesn't make sense to me is that during this range of almost 2 months, there was clear accumulation throughout the range as shown via OBV, however price is diverging? To my knowledge shorts have been suppressing the price down, and I believe this could be a catalyst to send price. Like a charged and fully loaded spring, its just a matter of time before it...
Longed ETH. Was rushing for exam so I didn't manage to post it on time. Clear accumulation in range. Paper went great btw.
Market moved too fast for me to enter at my desired entry price. One look at the chart and I'm regretting sleeping already. Anyways chart shows clear accumulation throughout the 6 months. To me Bonk is entering the Banana Zone. Godspeed.
It seems like our favourite (is this how you spell it) RWA coin is attempting a breakout again. I had initially planned to wait for the 4th test on resistance. However after waiting a few more days it looks like Pendle is ready to run this time. There has been significant accumulation throughout the 2 month range that Pendle was in, albeit in the later stages...
Just waiting for a tad bit more accumulation in this range. As referenced in the picture above. Green box = Buy breakout Red box = Sell breakout White box= Do nothing
Pepe has been in a 2 month range. Throughout the range I can see that there was market participants accumulating supply (check OBV). I'm looking to play this breakout, stops set on 1x ATR. If it doesn't break, good, let it range more, and then we'll come back to the next time that it will breakout. Either-way if given that PEPE ranges for longer in a bull...