🐳 $OP A bullish crossover on the daily chart. Let’s take a look from the perspective of chip distribution:
The bearish momentum histogram has stayed negative for 12 consecutive daily candles, which means the bears have been in control during this period. Now, selling pressure is finally easing. And since the crossover is above the zero line, if positions have changed hands sufficiently during the pullback, buyers may have a chance to take control again.
What data do you usually look at?
#OP
The bearish momentum histogram has stayed negative for 12 consecutive daily candles, which means the bears have been in control during this period. Now, selling pressure is finally easing. And since the crossover is above the zero line, if positions have changed hands sufficiently during the pullback, buyers may have a chance to take control again.
What data do you usually look at?
#OP