TXMD MACD + volume divergence 1H and signs of possible reversals
Updated
Hi,
just thought that Ill share with you my very first idea here in the tradingview. TXMD looks very interesting on chart with possible trend reversal going on. The bearish volume slope, MACD , and price slope diverge from prive for quite a long time now. I took my position already but you can wait for a decent signal proven by the volume or take entry at 1.30 usd price.
Volume is also dropping while price decreases which confirms trend weakness.
just thought that Ill share with you my very first idea here in the tradingview. TXMD looks very interesting on chart with possible trend reversal going on. The bearish volume slope, MACD , and price slope diverge from prive for quite a long time now. I took my position already but you can wait for a decent signal proven by the volume or take entry at 1.30 usd price.
Volume is also dropping while price decreases which confirms trend weakness.
Note
Heikin Ashi 1D Doji with a nice volume appeared. Looks to my like previous analysis confirmation bias
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