DOGE looking really interesting right now. Price going up and the RSI lowering is a sign of bullish divergence. The OBV is also seeing a nice come back, and we might see a nice pump for DOGE to 0.30. I don't know if the price of DOGE will go up like the price of SHIB (it probably won't), but who knows. In this moment I can see DOGE has an investment that in the short term will do good, and I don't see the price declining to the 0.17 area. What do you think? Comment, like and follow
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This is actually a bearish divergence. I am sorry for the mistake.
@miguelsique there is a bullish divergence showing
Devan-CryptoCharts
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@jsnow1111, that's what I thought but I can be wrong tho
Devan-CryptoCharts
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@miguelsique, sry can you explain why? I'm still learning. Ty
miguelsique
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@jsnow1111 it’s sad that you’re actually convinced that you know the difference between a bearish and bullish divergence.
miguelsique
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@Devan-CryptoCharts@Devan-CryptoCharts bullish divergence occurs when price is falling or stays in accumulation like doge yet the macd, RSI and MFI are rising. So question the correlation. If price is making a new low but the indicators are showing a higher low and higher high than the price should eventually be correlated to the MFI, RSI or MACD. Same thing with bearish divergence just the opposite of the bullish divergence. In this case it’s a bearish divergence but the bearish divergence in these levels should not be paid too much attention in my opinion. I only seek bearish divergence when a stock, crypto or currency starts to run.
Devan-CryptoCharts
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@miguelsique, ty so much for your reply. I will use the following information to improve in the future
jsnow1111
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@miguelsique you act like you know what you're talking about but clearly you haven't a clue.. if you re-look at the chart directly to the left (where the diagonal lines are drawn) is a bullish divergence