Cardano vs Tether - Hidden Bullish Divergence
Cardano / Tether USDKraken
Description
⋅ This is a signal that doesn't come up very often... The hidden bullish divergence; I shall explain.
We have it present with both indicators the MACD and RSI.
We call hidden divergence when the pair, ADAUSDT in this case, prints higher lows while the indicators print lower lows.
MACD:
RSI:
This points to higher prices.
Now, one signal isn't enough to justify either a trade or prediction.
Since we have this on both indicators, we can count this as two separate signals.
Prices moving above EMA10 is another one.
Daily volume is above average.
Many altcoins today grew in 3 digits which is a very strong signal as well.
(We have 5 positive signals total)
Cardano might be getting ready to grow vs Tether.
This can easily change of course so make sure to have a plan if you decide to trade.
This is not financial advice.
Thank you for reading.
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