Hi, I'm just starting to understand technical analysis so note that I'm just an enthusiast.
What do you think about this bearish divergence? (pink lines)
Price makes higer highs while the oscilator (macd) shows volume going down.
I interpret this as an bearish divergence. (let me know if I'm wrong please)
I know evryone wants to go to the moon but I think it might be better for the rest of the bullrun
if we saw a solid retracement. I think the move up or down would happen 13 or 14 nov.
Cheers!
What do you think about this bearish divergence? (pink lines)
Price makes higer highs while the oscilator (macd) shows volume going down.
I interpret this as an bearish divergence. (let me know if I'm wrong please)
I know evryone wants to go to the moon but I think it might be better for the rest of the bullrun
if we saw a solid retracement. I think the move up or down would happen 13 or 14 nov.
Cheers!
Comment:
Well.. I was absolutely wrong, that was anything but a bearish divergence ^,^