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 indicator is now below the mark of 50. The position of the indicator below this level indicates the predominance of a downward trend.
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.
Against this background, it is now advisable to consider the long positions for Bit.Cash. Optimal entry points can be either at current prices or when retesting resistance.
📌 Entry: 508.95
✔️ First target: 517.26
✔️ Second target: 524.20
❌ Stop order: 503.86
Bit.Cash M15: Divergence signal is received from the Stochastic
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