The RSI oscillator detects a discrepancy. The price failed to reach a new peak, while the RSI indicator rose above the previous intraday high, indicating a potential change in price movement dynamics.
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.
When it comes to Bit.Cash short positions now look more preferable. For aggressive trading, a trader can enter the market at the current prices. Advocates of a more conservative strategy should wait for the level to be retested.
📌 Entry: 555.68
✔️ First target: 446.21
✔️ Second target: 365.11
❌ Stop order: 624.27
Bit.Cash D1: The downward divergence from RSI
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