From Oct. 19' to March 20', the Crono's price stock has been making new lows, and the OBV indicator has been following the same trajectory. On the other hand, The RSI indicator was making new highs (red uptrend line).
This divergence showed that seller's exhaustion was approaching. In fact, an inverse head and shoulders was formed. Not only this, but volume just broke downtrend line.
In the last two weeks, this stock has increased 59%.
In conclusion, price may have more room to keep increasing.
This divergence showed that seller's exhaustion was approaching. In fact, an inverse head and shoulders was formed. Not only this, but volume just broke downtrend line.
In the last two weeks, this stock has increased 59%.
In conclusion, price may have more room to keep increasing.