Feeling Divergent?
Bitshares to Bitcoin is racking up one bullish signal after another! Today we're seeing a nice divergence on the 1-hour chart, indicating trend reversal around the corner: trend line connecting lower lows is descending, but the MACD, RSI and RVGI are all putting in higher lows.
As always, there's never security in TA, but the list of bullish signals is getting longer day-by-day, and by taking so long the long term support trend line is creeping up as well, which is a good thing since it means the "bottom" is going higher and higher.
By the way, that long term support is now around 2150 sats and moving up. It's on my chart in dashed purple if you zoom the value scale a bit.
As always, there's never security in TA, but the list of bullish signals is getting longer day-by-day, and by taking so long the long term support trend line is creeping up as well, which is a good thing since it means the "bottom" is going higher and higher.
By the way, that long term support is now around 2150 sats and moving up. It's on my chart in dashed purple if you zoom the value scale a bit.
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