OCN/BTC showing hidden bullish divergence.
Updated
OCN/BTC is showing some hidden bullish divergence on the 4-hour RSI and CMF. As you can see by the white trend lines, we made a higher low with the price, but a lower-low with the indicators, show-casing classic hidden bullish divergence. We are already seeing the price start to move to the upside. Liking the way this trade looks so far. Do keep an eye on Bitcoin and its price movements, since it can have a major influence on alt-coins.
Entry: 175-180
Target 1: 185
Target 2: 195
Target 3: 205
SL: 168-173 depending on risk level.
--This is not financial advice. Always do your own research and come to your own conclusions before buying/investing, as investing in cryptocurrencies comes with high risk and high amounts of volatility.
Entry: 175-180
Target 1: 185
Target 2: 195
Target 3: 205
SL: 168-173 depending on risk level.
--This is not financial advice. Always do your own research and come to your own conclusions before buying/investing, as investing in cryptocurrencies comes with high risk and high amounts of volatility.
Note
Here is the fib line I have drawn on the 4-hour chart: Note
Apologizes, I have the 1 hour chart showing here, and the fib chart on the 4 hour.Note
Target 1 at 185 has been hit!
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