Here is a good example of trend reversal signal of the market.
As you can see on the MACD indicator, The market formed a bullish divergence, which gives us a trend reversal signal. (The pink lines)
If we look at the chart, you will see the downtrend line. If the downtrend line breaks out, the trend reversal signal will be confirmed and It will give you buy opportunity.
However, since we are talking about the crypto currency market, everything is related to Bitcoin movement. so, if the bitcoin falls, BNB will fall and this market also will move into a downward.
Also we do have a support area on ~20. So, even if the price started a downward after reaching the 20 we should see the uptrend again.
As you can see on the MACD indicator, The market formed a bullish divergence, which gives us a trend reversal signal. (The pink lines)
If we look at the chart, you will see the downtrend line. If the downtrend line breaks out, the trend reversal signal will be confirmed and It will give you buy opportunity.
However, since we are talking about the crypto currency market, everything is related to Bitcoin movement. so, if the bitcoin falls, BNB will fall and this market also will move into a downward.
Also we do have a support area on ~20. So, even if the price started a downward after reaching the 20 we should see the uptrend again.