XVG And The Bullish Divergence

BINANCE:XVGBTC   Verge / Bitcoin
XVG is traveling in a descending channel on the 4 hour chart, while RSI has formed a symmetrical triangle. This has formed a long term bullish divergence (lower lows in price, higher highs in RSI ). A bullish divergence in oversold territory is a "sweet spot" for me in trades, and is what I look for when attempting to predict a significant break out. Be careful, as BTC is still ruining setups - but this is starting to look difficult to pass on.
Comment: "higher lows in RSI, not higher highs"
I see Bullish divergence and the end of Elliott correction wave..........and still I wait. The hardest part of trading for me. PATIENCE.
Many thanks for sharing! let's get ready to catch that wave...
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out