Entering an accumulation period on RSR after seeing a consistent Price Volume Trend.
Price Volume Trend or PVT for short is in my opinion far more insightful than Volume during accumulation periods.
PVT shows a continuing up- trend in price -volume & trend despite market sellers pushing the price down. Hence it being so insightful.
In fact what the PVT is doing is registering the buying & selling activity as part of the increasing trend or shall we say "active trading"
From my own experience, chart patterns such as; channels and wedges form in the PVT and can be easily traded as normal chart patterns.
RSR is currently testing the previous PVT + Price ATH ; ie. the trading activity has remained as high as it was at the ATH.
High trading activity shows that there is still the same level of interest in the project as there was at ATH.
I hope learning about PVT has been useful for you and I would encourage you to research it further and create your own unique perspective around this powerful indicator.
Price Volume Trend or PVT for short is in my opinion far more insightful than Volume during accumulation periods.
PVT shows a continuing up- trend in price -volume & trend despite market sellers pushing the price down. Hence it being so insightful.
In fact what the PVT is doing is registering the buying & selling activity as part of the increasing trend or shall we say "active trading"
From my own experience, chart patterns such as; channels and wedges form in the PVT and can be easily traded as normal chart patterns.
RSR is currently testing the previous PVT + Price ATH ; ie. the trading activity has remained as high as it was at the ATH.
High trading activity shows that there is still the same level of interest in the project as there was at ATH.
I hope learning about PVT has been useful for you and I would encourage you to research it further and create your own unique perspective around this powerful indicator.