Bloomberg crypto index has held its ground and managed no to break below previous Feb lows! RSI has broken downtrend resistance for the first time since the failed UA at 10k.
Now we watch. I expect another test of the lows before marking up!
I apologize if i am incorrect, but i am not seeing this bullish divergence. from my understanding a bullish divergence is when we have a clear bullish or bearish trend while the RSI or MACD indicators show the opposite. the trend on the chart looks very horizontal. therefore, i feel its a stretch to say we have a bullish divergence. However, I agree its more bullish than bearish so i digress. Great observation. #GOLTC
DaVinciIQ
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A shakeout would have been on higher volume
ColinGallaghere5
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@DaVinciIQ, not necessarily, in any case, we haven't moved back into the trading range yet, so this setup cannot be confirmed at the moment.