LINK Bullish Divergence
Following a tutorial from EmperorBTC on Bullish Divergence and noticed LINK seems to be painting a strong bullish divergence.
- Price forming lower low on the close
- RSI forming higher low
- i.e. sellers not selling at the same momentum
I will be waiting for further confirmation in the form of:
- Supply absorbing candle (low)
- Bullish engulfing candle following supply absorbing candle
- Volume increase above MA.
Final observation is OBV increasing on the 1D, though not supported on the 4H so not sure if that is a valid confirmation or not.
Could be reaching the end of this leg down.
- Price forming lower low on the close
- RSI forming higher low
- i.e. sellers not selling at the same momentum
I will be waiting for further confirmation in the form of:
- Supply absorbing candle (low)
- Bullish engulfing candle following supply absorbing candle
- Volume increase above MA.
Final observation is OBV increasing on the 1D, though not supported on the 4H so not sure if that is a valid confirmation or not.
Could be reaching the end of this leg down.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.