The Bit.Cash maintains an upward direction of movement, while Stochastic has fallen below 20. The formed reverse divergence is marked on the chart with a green line.
The RSI indicator is now below the mark of 50. The position of the indicator below this level indicates the predominance of a downward trend.
The MACD histogram is below the signal line. This indicator shows medium- and long-term trends and may ignore short-term price reversals and pullbacks sometimes.
Currently, trading Bit.Cash assumes the priority of long positions. A trader can enter the market both at the current levels or when retesting of the resistance level occurs.
📌 Entry: 474.95
✔️ First target: 486.01
✔️ Second target: 492.88
❌ Stop order: 468.94
Bit.Cash H1: Divergence signal is received from the Stochastic
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