Curve DAO Token (CRV) vs BTC / USD - Hidden Bullish Divergence

Following a 95% correction and oversold condition (orange columns) on the above 1-day chart we now have an incredible buy opportunity.

Some facts of the chart:

1) Regular Bullish divergence (blue line) between price action and money flow index.

2) Point (1) together with following increasing volume - bullish.

3) Hidden Bullish divergence (orange line) - this occurs with higher highs in price action together with lower lows in Stochastic RSI - very bullish.

4) Dragonfly DOJI on hidden divergence.

5) Higher lows on supporting trend line.


The 2-day dollar chart - Dragonfly DOJI

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Kommentera:

3-day USD chart prints a regular bullish divergence after price action breaks out of falling wedge pattern.

Kommentera:

Bollinger Band constriction is indicating a big move is imminent.

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