Bullish divergence or not?

Ether / United States DollarCoinbase

Description

⋅ Apr 18, 2018 6:05 PM

Albeit several hours back, is this indicating bullish divergence or not? Does it indicate ETHUSD will move up? Tradingview gurus, please comment.

Trend Analysis

Comments

oshin11

⋅ Apr 18, 2018 6:33 PM

That's a bearish divergence, and it signaled a local top. It was confirmed with a downward move.

brpatel

⋅ Apr 18, 2018 7:36 PM

@oshin11, So the notion is when positive price and negative RSI divergence occurs at overbought RSI conditions, it indicates things will head south in the next candle(s)?