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Se7enSkies
13 jan 2024 18:19

Divergence Forming? 

Stellar / BitcoinBinance

Beskrivning

I just wanted to share what I’m seeing on the XLM/BTC weekly RSI chart. If I’m not mistaking a bullish divergence is forming on the weekly RSI indicated by the lower high forming on the RSI chart and the lower low formed on the price chart. Honestly we can only confirm if this is a bullish divergence if the RSI does not go lower and keeps rising from here.
Kommentarer
Leofebrian
you cant use RSI 14, to measure XLM/BTC candle weekly from 13 march 2023 to compare 08 january 2024 (which that include 45 candle), even this true its going up maybe cause of support line, but not divergence, try to change your RSI length according how period you want to measure
JCTRUTHER
Yes! the BTC/XLM gap will start to close!
Mer