#YFI potential bearish divergence on 4H
Want to start with the misunderstood fact: it's enough to have a higher high and a lower RSI level to call a bearish divergence
That is the biggest mistake new people make with TA. Bearish divergence is only confirmed once you have a local top.
The best way to trade this is wait for a local top on a lower time frame like 1H and then enter a trade.
Good Luck!
That is the biggest mistake new people make with TA. Bearish divergence is only confirmed once you have a local top.
The best way to trade this is wait for a local top on a lower time frame like 1H and then enter a trade.
Good Luck!