Hello all and good morning to everyone.
The 4H RSI has made a double bottom and a higher low with this recent lower low in price. Volume is also showing us a bullish divergence with less interest in selling. We should now see price attempt a rally back to the channel resistance level. We'll see how price is acting when/if we do get up there.
On the 1D chart we can see the RSI making a lower low while the price has yet to fall below its previous low. This is considered a hidden bullish divergence.
The 4H RSI has made a double bottom and a higher low with this recent lower low in price. Volume is also showing us a bullish divergence with less interest in selling. We should now see price attempt a rally back to the channel resistance level. We'll see how price is acting when/if we do get up there.
On the 1D chart we can see the RSI making a lower low while the price has yet to fall below its previous low. This is considered a hidden bullish divergence.