Enact losing volume, with price in overbought extreme level
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.
Nota
Overbought level
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Follow the social network, free telegram link: t.me/afcapital21
Instagram: afcapital
Instagram: afcapital
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.