The price reached a new local high, but the RSI indicator could not confirm this growth, remaining below the level of 70. The formed divergence signals a potential reversal and a possible price decline in the near future.
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.
Bit.Cash holders should focus on opening short positions, which can be relevant either now or when the key signal level is retested.
📌 Entry: 523.20
✔️ First target: 472.88
✔️ Second target: 445.45
❌ Stop order: 549.18
Bit.Cash M15: The downward divergence from RSI
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