We can see that the volume is decreasing, while price is rising, suggesting a decrease in demand.
ACT chart also show us a negative divergence, when comparing price with ROC.
The ADX is also showing a new higher peak. And as we can see in later 2023 a higher peak was made and resulted in a decreasing price; March 2024, the ADX failed to reach a new higher, and now it finally got it.
ACT chart also show us a negative divergence, when comparing price with ROC.
The ADX is also showing a new higher peak. And as we can see in later 2023 a higher peak was made and resulted in a decreasing price; March 2024, the ADX failed to reach a new higher, and now it finally got it.
Note
Overbought level
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Follow the social network, free telegram link: t.me/afcapital21
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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.