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Saturday, August 29, 2020

ANT vs USD - Bearish divergence

ANT vs USD - Bearish divergence

Following an overbought period on the above 1-day chart (green column) price action is now showing bearish divergence (Higher highs in price action in sync with lower highs in the oscillators). Is there more upside? Possibly. Is the risk to reward worth it? Absolutely not. The 4-day chart below shows the same overbought conditions. Time to take profits.

Healthy bull markets in the crypto worth test the 21-week moving average now and again, currently we're 75% away (blue line), expecting $2 to be tested between now and mid-October.


from Trading Ideas
via gqrds

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