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avax is the best Blockchain
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very interesting 😎 thank you bro
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$DOGS Divergence Between Price and OBV (On-Balance Volume): The price has formed a double bottom, a classic bullish reversal pattern, where the lows are nearly equal. The OBV indicator, however, shows an upward trend (bullish divergence). While the price stagnates or moves sideways, OBV rising indicates that buying pressure is increasing, often a precursor to a price reversal to the upside. Divergence Between Price and RSI (Relative Strength Index): RSI shows a bullish divergence as well: the price formed equal lows, while RSI is making higher lows. This suggests that the downward momentum is weakening and buyers are gradually gaining control. Double Bottom Pattern: The double bottom pattern typically marks the end of a downtrend and the start of a potential uptrend. Combined with the bullish divergences in OBV and RSI, it strengthens the case for a reversal. Summary: The combination of the double bottom pattern and bullish divergences in OBV and RSI is a strong bullish signal. It indicates growing accumulation and weakening selling pressure, which often leads to a price increase in the near term.
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