Bullish divergence on TRX. Getting ready for a bounce?
Bullish Divergence: Notice the higher low on RSI while the price made a lower low. This shows strength.
If the trend line holds, one could expect a bounce here.
If the trend line holds, one could expect a bounce here.
Note
This played out perfectly. If you'd opened a long when I posted this, you would have made a simple 15% by now! :-)
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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.