A Bullish Divergence indicates a potential Trend Reversal - or at least a temporary Swing!
In this Case, we have a nice Divergence of Price vs. CCI (Commodity Channel Index).
To confirm this Buy-Sinal, we'll have a look at the RSI: It was oversold, found it's ground and is moving up again.
It's time to enter this Trade!
Profit Target is 0.00015788 - this is the Resistance-Line.
When Price touches or even crosses the Resistance-Line, it get's interesting, because Price then will move outside the Linear Regression Channel and could start a real Trend Reversal with a strong Uptrend.
In this Case, we have a nice Divergence of Price vs. CCI (Commodity Channel Index).
To confirm this Buy-Sinal, we'll have a look at the RSI: It was oversold, found it's ground and is moving up again.
It's time to enter this Trade!
Profit Target is 0.00015788 - this is the Resistance-Line.
When Price touches or even crosses the Resistance-Line, it get's interesting, because Price then will move outside the Linear Regression Channel and could start a real Trend Reversal with a strong Uptrend.
Trade closed: target reached
Profit Target was hit!
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⚡ ProTrend buy.stripe.com/4gweV49BN5Be4da8wx
⚡ GET THE CCIDivergence STUDY FOR FREE: bit.ly/CCIDivFree
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
⚡ ProDivergence buy.stripe.com/3cs14e15h6FiaBy6oo
⚡ ProTrend buy.stripe.com/4gweV49BN5Be4da8wx
⚡ GET THE CCIDivergence STUDY FOR FREE: bit.ly/CCIDivFree
⚡ ProTrend buy.stripe.com/4gweV49BN5Be4da8wx
⚡ GET THE CCIDivergence STUDY FOR FREE: bit.ly/CCIDivFree
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.