A classic divergence marked with a green line has been formed between the price chart and the RSI indicator. The Bit.Cash price has updated its local low, while the indicator remains above the 30 mark.
The histogram of the MACD indicator remains above the signal line, indicating the local development of an upward movement. However, the indicator indications do not contradict the signal, marked on the chart.
There is the blue main line above the red signal line on the Stochastic indicator. The reversal pattern has not formed yet.
Thus, based on Bit.Cash, it is recommended to focus on opening long positions. The market entry point is warranted at the current level or upon the retest of the support level.
📌 Entry: 529.65
✔️ First target: 547.29
✔️ Second target: 560.17
❌ Stop order: 519.37
Bit.Cash M15: RSI signals a possible upward reversal
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