Bullish divergence spotted!
Price is printing lower lows, but RSI is making higher lows — a classic bullish divergence pattern. This signals potential trend exhaustion on the downside.
#PNUT is holding above a horizontal support level around 0.12–0.13 USDT, aligning with the divergence signal.
Volume is tapering off, indicating decreasing selling pressure.
RSI is currently around 37–38 and showing a higher low structure.
Key levels to watch:
Support: 0.1220–0.1300 USDT (current demand zone).
Resistance: 0.1650 USDT (local high), followed by stronger resistance at 0.2000–0.2200 USDT.
Scenario ideas:
If PNUT can hold above support and RSI continues climbing, we might see a relief rally towards the next resistance zones.
A breakdown below 0.1220 would invalidate this bullish setup and could lead to continuation of the downtrend. Still... bullish divergence then will become even more obvious....
Bias:
bullish short-term, watching for confirmation.
⚠️ Not financial advice. Always manage your risk!
#PNUT #Crypto #Altcoins #BullishDivergence #RSI #TradingView
Price is printing lower lows, but RSI is making higher lows — a classic bullish divergence pattern. This signals potential trend exhaustion on the downside.
#PNUT is holding above a horizontal support level around 0.12–0.13 USDT, aligning with the divergence signal.
Volume is tapering off, indicating decreasing selling pressure.
RSI is currently around 37–38 and showing a higher low structure.
Key levels to watch:
Support: 0.1220–0.1300 USDT (current demand zone).
Resistance: 0.1650 USDT (local high), followed by stronger resistance at 0.2000–0.2200 USDT.
Scenario ideas:
If PNUT can hold above support and RSI continues climbing, we might see a relief rally towards the next resistance zones.
A breakdown below 0.1220 would invalidate this bullish setup and could lead to continuation of the downtrend. Still... bullish divergence then will become even more obvious....
Bias:
bullish short-term, watching for confirmation.
⚠️ Not financial advice. Always manage your risk!
#PNUT #Crypto #Altcoins #BullishDivergence #RSI #TradingView
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.
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.