Regular Bullish Divergence on weekly. Invest 1%, SL @5% loss.

BINANCE:DASHETH   Dash / Ethereum
Regular divergence is the classic sense of divergence that occurs when the price action makes higher highs or lower lows while the oscillating indicator does not. This indicates a weakness in the price action and anearly warning that the trend could be coming to an end. In other words, regular divergence indicates that a probable trend reversal could occur through it does not indicated when this will occur. For this reason chartists often turn to trend lines , chart patterns and candlestick patterns to time the entry into the trade.

Regular divergence can be either positive ( bullish ) or negative ( bearish ).

Positive Divergence is bullish and occurs in a down trend when the price action prints lower lows that are not confirmed by the oscillating indicator. This indicates a weakness in the down trend as selling is less urgent or buyers are emerging. When the oscillator fails to confirm the lower lows on the price action, it can either makes higher lows, which is more significant, or it can make double or triple bottoms. The latter occurs more often on oscillators, such as RSI and Stochastics that are range bound and less often on oscillators such as MACD and CCI that are not range bound.
Negative Divergence is bearish occurs in an uptrend when the price action makes higher highs that are not confirmed by the oscillating indicator. This indicates a weakness in the uptrend as buying is less intense and selling or profit taking is increasing. As with positive divergence, the oscillator can fail to confirm the higher highs on the price action by either making lower highs, which is more significant, or by making double or triple tops. As with positive divergence, double and triple tops are more prevalent on range bound oscillators.

As you can see Dash from time to time gathers explosive characteristics.

As per fundamentals - top privacy coin with a very small supply.

Invest 100 ETH & if successful you've got at :
T1 - 160.0 ETH
T2 - 207.00 ETH
T3 - 267.00 ETH

Possible allowed loss on this trade = 5% of invested capital.
Trade active: RENKO on weekly. Pay attention at volume.

Trade active:


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