Short

OCEAN/USD local top

Updated

Local top on OCEAN/USD

Reasons:
1) bearish divergence at RSI 70
2) CMF crossing zero line

Note

3) rising wedge

Note

Drilling down into the 6H chart, we can see more clearly what's happening.

Momentum waning, CMF clearly aiming to cross below Zero line.

snapshot

Note

Backtest with weak momentum, still short:

snapshot

Note

Drilling down into 6H
1) successful backtest
2) momentum looking weaker than before

snapshot

Also on:

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Local top reached OCEAN/BTC

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