CHZUSDT BULLISH DIVERGENCE on 1H CHART
As can be seen on the chart with the pink/purple lines, quite significant bullish divergence would suggest a new UP TREND soon. The massive wick down we just had shows there is still a lot of buying pressure once price dipped below 0.50. I have indicated strong support zone, also the descending trend zone in blue. I believe we will break out of this triangle soon!
Bullish Divergence
- Price showing lower lows
- RSI showing higher lows
Best of luck, always use a stop-loss! :)
Bullish Divergence
- Price showing lower lows
- RSI showing higher lows
Best of luck, always use a stop-loss! :)
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.