A classic divergence marked with a green line has been formed between the price chart and the RSI indicator. The Bit.Cash price has updated its local low, while the indicator remains above the 30 mark.
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.
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: 479.31
✔️ First target: 501.27
✔️ Second target: 518.72
❌ Stop order: 466.18
Bit.Cash M30: RSI signals a possible upward reversal
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