Bullish divergence Long

BITSTAMP:ETHUSD60

Ethereum / U.S. dollarBitstamp

Description

⋅ Jan 23, 2018 4:10 PM

ETH price reaches new lows when indicators are making higher lows on the hourly - bullish divergence

Comments

vejdanialireza96

⋅ Jan 24, 2018 6:14 PM

what is your opinion for CME contracts 26 jan 2018?
bullish or bearish trend?
what is your analysis for price of BTC and ETH?

pervinder

⋅ Jan 23, 2018 4:13 PM

Can you help to explain what does that mean when the is bullish divergence?

Sebastiansj

⋅ Jan 23, 2018 4:16 PM

@pervinder, A bullish divergence occurs when prices fall to a new low while an oscillator fails to reach a new low. This situation demonstrates that bears are losing power, and that bulls are ready to control the market again - often a bullish divergence marks the end of a downtrend.

jbecke6

⋅ Jan 23, 2018 5:52 PM

@Sebastiansj, thanks for the explanation.