The price failed to reach a new low, while the RSI indicator shows an upward trend. The formed reverse divergence could signal a potential price reversal upward.
A reversal signal has been received on the Stochastic indicator. When several technical indicators form a divergence at once, the probability of a reversal formation developing increases.
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: 540.74
✔️ First target: 561.97
✔️ Second target: 584.50
❌ Stop order: 526.14
Bit.Cash M30: After divergence on Stochastic, a similar signal was recorded on RSI
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