Some interesting trend lines
Updated
Some interesting trend lines to consider. The dotted line on the price chart is from the tops of the previous two large expansion cycles. We are at the top of that trend right now. The dotted line on the RSI is also from the first major expansion cycle on the chart. The RSI trend is imperfect but us still interesting. The solid trend line on the OBV was used as support, but has been major resistance for volume expansion this entire cycle. Not basing any trades solely on this analysis but thought I would share nonetheless.
Happy trading.
Happy trading.
Trade active
Entered short at 5844
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.