Bullish Lower Low Based On B-Div (Tellor)Good afternoon my fellow Cryptocurrency trader, can you remember how strongly Tellor moved last year? It was a wild and strong bullish wave. This pair saw more than 4,444% growth within months. And yes, this is not a typo.
Here we have a bullish lower low. Normally I call this signal based on volume and marketwide action, but this time I am calling it based on a strong RSI bullish divergence.
TRBBTC hit bottom just 10 days ago, the 20th of December.
Its RSI bottomed mid-April. In November, the RSI produced a higher low.
This is giving us a very strong, more than six months long, bullish divergence.
The lower low in December produced less bearish volume than the higher low in April. Signaling that the bearish wave/trend lost its momentum. With a loss of momentum and bullish divergence with the RSI, as well as a fairly strong RSI at bottom prices, we can expect the trend to change.
We saw 4,444% growth last year, this time we can see something similar or even more. The fact that the correction took prices to new lows, much lower compared to the start of the 2023 bullish wave, opens the doors for massive growth.
Keep an eye on this one.
Once we hit bottom, there is no other place left to go but up.
Thanks a lot for your continued support.
Namaste.
