I am using the RSI (relative strength index) indicator, The CCI (Commodity channel index) indicator and the MACD histogram. we can see that all three indicators are producing bullish divergences from the price. the RSI has produced two buy signals in the bullish divergence (uptrending green line) vs the down trending price as well as flattening resistance at the 20 line despite the falling price. the CCI has produced the same divergence confirming the signal from the RSI and has broken above the -100 line again (keep an eye for the 0 cross). the MACD has began it's approach to 0 again and has also produced the same divergence on the histogram confirming the other two indicators. i have included the conservative green zone which i'd like to see the price consolidate in over the next few days after which i believe we will see a trend reversal take full swing.
I am using the RSI (relative strength index) indicator, The CCI (Commodity channel index) indicator and the MACD histogram. we can see that all three indicators are producing bullish divergences from the price. the RSI has produced two buy signals in the bullish divergence (uptrending green line) vs the down trending price as well as flattening resistance at the 20 line despite the falling price. the CCI has produced the same divergence confirming the signal from the RSI and has broken above the -100 line again (keep an eye for the 0 cross). the MACD has began it's approach to 0 again and has also produced the same divergence on the histogram confirming the other two indicators. i have included the conservative green zone which i'd like to see the price consolidate in over the next few days after which i believe we will see a trend reversal take full swing.
