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 is currently holding above the mark of 50. The indicator calculating formula logic suggests that, on average, the ascending movement is currently predominant.
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.
Currently, trading Bit.Cash assumes the priority of long positions. A trader can enter the market both at the current levels or when retesting of the resistance level occurs.
📌 Entry: 551.13
✔️ First target: 561.72
✔️ Second target: 568.76
❌ Stop order: 545.24
Bit.Cash M30: Divergence signal is received from the Stochastic
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