The price failed to reach a new low, while the RSI indicator shows an upward trend. The formed reverse divergence could signal a potential price reversal upward.
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.
There is the blue main line above the red signal line on the Stochastic indicator. The reversal pattern has not formed yet.
The chart prompts to focus on long positions in Bit.Cash. It advocates entering the market at the current levels or while reaching the level, at which the retest occurs.
📌 Entry: 559.55
✔️ First target: 570.35
✔️ Second target: 583.17
❌ Stop order: 551.66
Bit.Cash M15: RSI signals a possible upward reversal
Leave a Reply