Hello, this is Kun.
It's been a long time since I wrote it.
Cause I am not good at English, there may be grammatical errors or contextual errors in the contents, but please understand.
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1.
Monthly candle showed a decrease in trading volume and then burst.
There are people who are expecting a bigger rise from this.
In my personal opinion, the monthly candle in May is slightly more likely to be adjusted than rising.
2.
The reason why I judged that is because in the weekly candles
If you look at the chart, you can check.. we can recognize that 60 ma and 120 ma are very close.
And for those of you who're thinking of going up, the 120 ma's slope is still going up.
However, the current downward slope of 60 ma is very steep, with 120 ma and 60 ma above the candles,
so we must be prepared for decline or adjustment because of the fact that it is still a reverse arrangement.
3.
But we can see the positive side at day candle.
It's because we can see the movement to create a arrangement.
But since there's a bearish divergence (in rsi), so it should be noted.
4.
There are both positive and negative.
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After the fall from the last 6k, we've gone through a convergence section for about three months.
After the convergence, the rising divergence began at the end of March.
Now that we've hit 240 ma, and we have to go back to convergence.
You can have as many other ideas as you want.
We see the same chart and we get dozens, maybe hundreds of ideas.
However, I decided that it was a field to refine the arrangement of the moving average through convergence.
Maybe if the convergence at this section is over, or if this is a short-term adjustment during the rise,
It'll be out of divergence soon. Don't miss it.
Anyway, it looks like it's going to be a fun month, not boring. I hope your trading is full of luck.