🔍Here we are looking at the price indexed to 100.
🟢We have a descending rising wedge, with a bullish divergence: price falling, with the SMI (Stochastic Momentum Index) of the PVT (Price Volume Trend) rising.
🔴Could price revisit the 0.5 Fibo retracement in the final breather?
It could, but I think it's unlikely.
In any case, I traced this possibility using the white line.
🟢Furthermore, we have other divergences, if we consider the TOTALDEFI index:
🟢We have a descending rising wedge, with a bullish divergence: price falling, with the SMI (Stochastic Momentum Index) of the PVT (Price Volume Trend) rising.
🔴Could price revisit the 0.5 Fibo retracement in the final breather?
It could, but I think it's unlikely.
In any case, I traced this possibility using the white line.
🟢Furthermore, we have other divergences, if we consider the TOTALDEFI index:
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