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Pulkanatir

Bullish Divergence on Monero (XMR)

Long
Monero (BITFINEX:XMRUSD)  
Pulkanatir  
BITFINEX:XMRUSD   Monero
Trend Analysis Technical Indicators monero xmr xmrusd XMRUSDT Bullish Divergence
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trendanalysis indicator monero xmr xmrusd xmrusdt bullishdivergence
Shown here on the 4HR Chart of Monero (XMR) you can see that the Momentum Oscillator (RSI) is signaling a medium/ weak bullish divergence. Now, remember, the RSI means general strength, not what the price is doing. So when the RSI is trending up and the price is at a standstill you can bet that the upside is coming. Hope this helps for a short-term trade!

Safe Trading,

-Pulkanator
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