My indicator gave a strong buy signal approaching but has yet to show divergence which would confirm a strong buy.
A dip to 3420 area would confirm this divergence and provide a potential opportunity per the guidelines of the indicator.
Interesting junction here. This looks an exact opposite move as to what happened last year in a similar price region. One would expect continuation up from here. (Up on an inverse chart is down in reality.)
We see the OBV breakdown at 6k leading to new lows. Now we're hanging by a thread. If the monthly closes at resistance on price but support on RSI and OBV then I'll have to wait for further direction confirmation before entering a position. A close a bit lower puts us below supports on all accounts, and vice versa with a bit higher close. However the weekly chart...