Hidden bullish divergence has been forming on the 4hrly ETHUSD chart.
Hidden Bullish Divergence:
Higher Lows for Price + Lower Lows for RSI
This usually means that:
Indicates underlying strength. Good entry or re-entry. Occurs during retracements in an uptrend. Nice to see during price retest of previous lows. “Buy the dips”
As indicated lets see if ETH has all boxes checked:
Has been on an uptrend? Yes!
Has there been a retracement in an uptrend? Exactly!
Has there been a test of previous lows? Definitely!
Please trade with care and only with confirmation candles. Just an observation. Had the time so wanted to share. I am already long but i am biased towards ETH cause i love the project too, second to bitcoin of course! So please always do your own research and only trade what you can afford and only as much as you are able to lose. Nothing is 100% in life, ever!
Good luck and hope it was informative.
Hidden Bullish Divergence:
Higher Lows for Price + Lower Lows for RSI
This usually means that:
Indicates underlying strength. Good entry or re-entry. Occurs during retracements in an uptrend. Nice to see during price retest of previous lows. “Buy the dips”
As indicated lets see if ETH has all boxes checked:
Has been on an uptrend? Yes!
Has there been a retracement in an uptrend? Exactly!
Has there been a test of previous lows? Definitely!
Please trade with care and only with confirmation candles. Just an observation. Had the time so wanted to share. I am already long but i am biased towards ETH cause i love the project too, second to bitcoin of course! So please always do your own research and only trade what you can afford and only as much as you are able to lose. Nothing is 100% in life, ever!
Good luck and hope it was informative.
