We have regular bullish divergence on 4H and 6H on RSI as well as MOM oscillator
Furthermore if we look at 8H chart we have same divergences being made but confirmation will be done on candle closure.
So if these play out then likely we will see price to make an attempt at $40500 resistance.
We are in a bearish trend so all of these small pumps will be short-lived as they are bull trap.
Furthermore if we look at 8H chart we have same divergences being made but confirmation will be done on candle closure.
So if these play out then likely we will see price to make an attempt at $40500 resistance.
We are in a bearish trend so all of these small pumps will be short-lived as they are bull trap.
Note
Divergences fully played out and made us 4.5% profit in spot and 90% profit in futures with 20x leverage.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.