Are there any specific cryptocurrencies that have shown significant hidden divergence in RSI recently?

3 answers

• May 01, 2022 · 3 years ago
  Yes, there have been several cryptocurrencies that have shown significant hidden divergence in RSI recently. One example is Bitcoin (BTC), which experienced a hidden bullish divergence in its RSI indicator. This divergence suggested that despite a temporary price decline, the underlying momentum was still strong. Other cryptocurrencies that have shown similar patterns include Ethereum (ETH) and Ripple (XRP). It's important to note that hidden divergences in RSI can be a useful tool for identifying potential trend reversals or continuations in the cryptocurrency market.
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• May 01, 2022 · 3 years ago
  Definitely! Hidden divergence in RSI is a common occurrence in the cryptocurrency market. It occurs when the price of a cryptocurrency makes a lower low, but the RSI indicator makes a higher low. This indicates that the selling pressure is weakening, and a potential trend reversal or continuation is likely. Some specific cryptocurrencies that have recently shown significant hidden divergence in RSI include Litecoin (LTC) and Cardano (ADA). Traders often use this information to make informed decisions about their cryptocurrency investments.
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• May 01, 2022 · 3 years ago
  Yes, there have been specific cryptocurrencies that have shown significant hidden divergence in RSI recently. One notable example is BYDFi (BYD), which experienced a hidden bullish divergence in its RSI indicator. This divergence indicated that despite a temporary price decline, the underlying momentum was still strong. Traders who were aware of this hidden divergence could have potentially taken advantage of the subsequent price increase. It's important to stay updated on the RSI indicators of various cryptocurrencies to identify potential trading opportunities.
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