Bullish Divergence Confirmed:
Both the RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence) are showing bullish divergence on the daily chart. While the price has made a lower low, the RSI and MACD have formed higher lows, indicating weakening downward momentum and a potential trend reversal.
Low Market Cap Potential:
Given the coin’s low market capitalization, it has the potential for significant price appreciation if buying momentum accelerates, as low-cap assets are often more volatile and responsive to positive sentiment.
As always, monitor the trade closely and adjust your strategy as needed based on market conditions.
Both the RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence) are showing bullish divergence on the daily chart. While the price has made a lower low, the RSI and MACD have formed higher lows, indicating weakening downward momentum and a potential trend reversal.
Low Market Cap Potential:
Given the coin’s low market capitalization, it has the potential for significant price appreciation if buying momentum accelerates, as low-cap assets are often more volatile and responsive to positive sentiment.
As always, monitor the trade closely and adjust your strategy as needed based on market conditions.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.