APE RSI DIVERGENCE SPOTTED
You can see that in the 4H chart, RSI Divergence has been spotted denoted by the circled region in the price and in the RSI.
The Local Lows, have gone up in the two circles in the price chart, and there the corresponding RSI has gone down.
This is generally a strong bullish signal.
It's a very simple indicator move, I'm still learning but do have some confidence so I'm going to get in this trade personally, but it is not a financial advice. Just a personal view.
I believe that this would indicated testing of the previous high of around 15$ and if bullish new Local high of 19$ (1.618 Fib).
The Local Lows, have gone up in the two circles in the price chart, and there the corresponding RSI has gone down.
This is generally a strong bullish signal.
It's a very simple indicator move, I'm still learning but do have some confidence so I'm going to get in this trade personally, but it is not a financial advice. Just a personal view.
I believe that this would indicated testing of the previous high of around 15$ and if bullish new Local high of 19$ (1.618 Fib).
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