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.
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: 498.76
✔️ First target: 515.20
✔️ Second target: 530.50
❌ Stop order: 488.22
Bit.Cash M15: Divergence signal is received from the Stochastic
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