Cosmos (ATOM) Hidden Bullish Divergence
Are you aware of the "hidden bullish divergence" signal?
Here is how it works.
We have the ATOMBTC pair producing higher lows.
The indicator, in this case the MACD, is producing lower lows... We call this hidden bullish divergence and is a signal in favor of the bulls.
Prices are also bouncing at the 0.786 fib. retracement level, which is a strong support and also the same level ATOMBTC reversed on the first peak, meaning that prices can easily move up here.
In case prices drop, you can see the red and second green arrow on the chart.
I hope you find this information useful.
Namaste.
Here is how it works.
We have the ATOMBTC pair producing higher lows.
The indicator, in this case the MACD, is producing lower lows... We call this hidden bullish divergence and is a signal in favor of the bulls.
Prices are also bouncing at the 0.786 fib. retracement level, which is a strong support and also the same level ATOMBTC reversed on the first peak, meaning that prices can easily move up here.
In case prices drop, you can see the red and second green arrow on the chart.
I hope you find this information useful.
Namaste.
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