MATIC/USD Long Position
RSI Bullish Divergence: RSI shows a bullish divergence, indicating that although the price has been making lower lows, the RSI has been making higher lows. This suggests that the downward momentum is weakening, and a potential reversal to the upside may be forming.
Trendline Break: A break above a significant downtrend line signals a shift in market sentiment from bearish to bullish. This is a key technical signal that buyers are starting to gain control.
Break of Lower High (LH): The price breaking a previous lower high invalidates the downtrend structure and suggests the beginning of an uptrend, which is a bullish signal.
Trendline Break: A break above a significant downtrend line signals a shift in market sentiment from bearish to bullish. This is a key technical signal that buyers are starting to gain control.
Break of Lower High (LH): The price breaking a previous lower high invalidates the downtrend structure and suggests the beginning of an uptrend, which is a bullish signal.
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.