Can you share some real-life cases where bullish divergence led to significant price increases in cryptocurrencies?

1 answers

• Sangeeth Thanga DharsanDec 05, 2021 · 4 years ago
  Certainly! One interesting case of bullish divergence leading to a significant price increase in a cryptocurrency is the example of Ripple (XRP) in 2017. During that time, Ripple experienced a bullish divergence on the daily chart, where the price was making lower lows while the Stochastic Oscillator was making higher lows. This signaled a potential trend reversal and attracted the attention of traders. Consequently, the price of Ripple started to surge, eventually resulting in a substantial price increase over the following weeks. It's important to note that while bullish divergence can be a powerful indicator, it should be used in conjunction with other analysis techniques to make informed trading decisions.
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