It's been a patient wait for this Chiliz trade but I think we're at a trend reversal here.
My reasoning:
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My reasoning:
- Location: Reload zone, sitting right on the 0.705 fib
- Structure: Higher low formed. Would like to see a "W" form here for higher confidence
- Divergence: The 2nd OBV div on the chart, making me think a reversal is near. Confirmed histogram div and stupid willy.
- Trend: Broken through the bearish trend line, entering a brief accumulation period.
- VPVR: Hole in volume above 120 sats and below 93 sats. If we fall from here, moving to fill the gap at 62 sats is likely.
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Trade active
Really like this big div in OBV on the 4hr. Combining this with the trend line break gives me a higher level of confidence in the trade.Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.