How can I identify bullish hidden divergence patterns in digital currencies?

1 answers

• LelouchApr 08, 2021 · 4 years ago
  Certainly! Identifying bullish hidden divergence patterns in digital currencies can be a valuable skill for traders. Here's a step-by-step guide to help you: 1. Start by analyzing the price chart of the digital currency you're interested in. Look for a series of higher highs and lower highs. 2. Next, examine the corresponding oscillator, such as the RSI or MACD. Look for a series of lower highs in the oscillator. 3. If you see this pattern, it indicates that the price is rising while the momentum is weakening, which is a bullish hidden divergence. 4. Confirm the divergence pattern by analyzing other indicators and chart patterns. Remember, practice makes perfect. Keep analyzing charts and studying different digital currencies to improve your skills in identifying bullish hidden divergence patterns. Happy trading!
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