Bit.Cash M30: Downward divergence detected at MACD

The price has reached a new local peak, but the MACD indicator couldn’t update the previous peak, indicating a weakening of the upward momentum. The divergence increases the probability of a price reversal downward.
The RSI is currently holding above the mark of 50. The indicator calculating formula logic suggests that, on average, the ascending movement is currently predominant.
On the Stochastic indicator, the blue main line remains below the signal red line. The current state of the indicator neither cancels nor contradicts signals received from other technical indicators.
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: 598.73
✔️ First target: 573.17
✔️ Second target: 556.78
❌ Stop order: 612.70