HI Folks,
CHILIZ once made hell of a money with this coin so I have some sort of weakness for this coin.. But for now the trend is ending, I suppose.. At least the technicals are pointing that way.
So we talk about high probabilities. It still can operate the other way. BE AWARE.
Note that. Prices are going up, with small candles, without lots of volume. That is an indication of price losing momentum. That is true.
The momentum oscillator is making lower highs and lower lows while price is moving up. DIVERGENCE.
I have learned that momentum is a frontrunner of price. When momentum declines price will eventually decline (high probability)
Thereby note that the RSI is also declining. DIVERGENCE 2.
I expect price to test resistance and will fail to break and will fall down to 1st support to test this support line.
When it doesn't hold we fall back in the under region of the trading range again.
If you like the idea and content please like or leave a comment.
Follow for more to come.
CHILIZ once made hell of a money with this coin so I have some sort of weakness for this coin.. But for now the trend is ending, I suppose.. At least the technicals are pointing that way.
So we talk about high probabilities. It still can operate the other way. BE AWARE.
Note that. Prices are going up, with small candles, without lots of volume. That is an indication of price losing momentum. That is true.
The momentum oscillator is making lower highs and lower lows while price is moving up. DIVERGENCE.
I have learned that momentum is a frontrunner of price. When momentum declines price will eventually decline (high probability)
Thereby note that the RSI is also declining. DIVERGENCE 2.
I expect price to test resistance and will fail to break and will fall down to 1st support to test this support line.
When it doesn't hold we fall back in the under region of the trading range again.
If you like the idea and content please like or leave a comment.
Follow for more to come.