C98 RSI Bullish Divergence
C98 has been in a downward trajectory lately. The bear's momentum has been diminishing as price goes down and this calls for a trend change.
The RSI is forming higher lows while price forms lower lows. This is a clear Bullish Divergence which signify trend reversal at some point in time.
C98 is currently at demand area. If the demand area is broken and a 4HR candle closes below, we may head lower before potentially going bullish towards ATH. This gives us enough room to buy at lower price levels.
This is a 1:7 Risk/Reward trade.
Goodluck guys!!!
The RSI is forming higher lows while price forms lower lows. This is a clear Bullish Divergence which signify trend reversal at some point in time.
C98 is currently at demand area. If the demand area is broken and a 4HR candle closes below, we may head lower before potentially going bullish towards ATH. This gives us enough room to buy at lower price levels.
This is a 1:7 Risk/Reward trade.
Goodluck guys!!!
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