$PI Reversal: Now there is divergence on the daily chart. Divergence can cause the original trend to reverse. Simply put, an upward trend turns into a downward trend, and a downward trend turns into an upward trend. There are two types of divergence: top divergence and bottom divergence. Top divergence occurs when the price makes a new high but the indicator does not rise higher or even moves downward. Bottom divergence occurs when the price makes a new low but the indicator does not make a new low, or the price does not make a new low while the indicator moves downward. Based on the weekly, monthly, recent overall capital flow, and the overall market situation, I believe this is a bottom divergence. Family members, what do you think?

PI2.42%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

3 Likes

Reward
3
14
Repost
Share

Comment

Add a comment

GateUser-356f2265

· 1h ago

0.165 is the medium- to long-term bullish and bearish dividing line. If it doesn't break, the outlook remains bullish; if it breaks, it enters a deep bear market. The 0.17-0.18 range is the best accumulation zone. Stop loss below 0.165.

View OriginalReply0

WallStreetTrendResearch

· 1h ago

Early judgment: $0.18 is an opportunity. You know it will reach around $0.17, so I repeatedly reminded yesterday to decisively buy at $0.173, including this morning when it was around $0.174. Opportunities are reserved for those who are prepared.

View OriginalReply0

Come,Wealth,Come,Wealth,666

· 1h ago

Where to see divergence

View OriginalReply0

26,000Ri

· 1h ago

It's just a bullish divergence.

View OriginalReply1

HuashengVentureCapital

· 2h ago

Check what the market is doing. It’s rotating small long positions and repeatedly throwing chips, which indicates they are preparing to continue dumping the market.

View OriginalReply1

HuashengVentureCapital

· 2h ago

The main reason for divergence is the overall market impact. Bitcoin shows a sideways V-shaped pattern with a series of sell orders and trading volume, which indicates an inevitable drop to a new low. This is the primary factor causing the trend to shift from upward to downward. Currently, the Pi token's trading activity is normal, but after being affected by this, it will also decline accordingly. It is expected to rebound around 0.168!

View OriginalReply0

Let'sPlayEcosystemTogether,

· 2h ago

Getting ready for a big surge

View OriginalReply0

GateUser-55899a0a

· 2h ago

Is it going to go up?

View OriginalReply1

WallStreetTrendResearch

· 2h ago

The 1-hour level has now been basically fixed.