Compare the OBV chart to the price chart
massive divergence has been forming on a HTF
Notice the volume spike breaking the OBV trend out of the range to local highs
price action could be a spring section of a wyckoff accumullation
if the price reclaims the range low around 0.85usdt the price may not return to this spring range for a long time and could continue ranging the above price zone for the rest of the year
basically could be a very safe entry that never goes back under your buying price
the chances of this are higher given the OBV trend and the volumespike to break the downtrend that lead to this price zone
if we reclaim the previous range and then revisit the high of that range thats around 163% in profit from here.
stops at the lows
massive divergence has been forming on a HTF
Notice the volume spike breaking the OBV trend out of the range to local highs
price action could be a spring section of a wyckoff accumullation
if the price reclaims the range low around 0.85usdt the price may not return to this spring range for a long time and could continue ranging the above price zone for the rest of the year
basically could be a very safe entry that never goes back under your buying price
the chances of this are higher given the OBV trend and the volumespike to break the downtrend that lead to this price zone
if we reclaim the previous range and then revisit the high of that range thats around 163% in profit from here.
stops at the lows
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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.
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.