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Technical analysis by oliver1fraser about Symbol FET on 7/9/2024

https://sahmeto.com/message/3317433
oliver1fraser
oliver1fraser
Rank: 21708

Perfect example of Bearish Divergence

Neutral
Price at Publish Time:
$1.16
،Technical،oliver1fraser

Both OBV and RSI show weakness as price makes a higher high, this is a perfect indication of a trend reversal. OBV (on balance volume) measures buying and selling pressure, RSI (relative strength index) measures the momentum of price. Combining these 2 indicators allows you to identify a change in the market before price does.

Source Message: TradingView
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