Crypto Pollist 🔍 Profile picture
Apr 28, 2023 6 tweets 3 min read Read on X
1/ Have you heard of RSI Divergence? It's a popular technical analysis tool used by traders to identify potential trend reversals in the market. In this thread, I'll explain what RSI Divergence is and how you can use it in your trading strategy.
#RSIDivergence #crypto #Bitcoin Image
2/ RSI Divergence is based on the Relative Strength Index (RSI), which is a momentum indicator that measures the strength of a security's price action. RSI Divergence occurs when the price of a security is moving in one direction while the RSI is moving in the opposite direction. Image
3/ This divergence between price and RSI can be a sign that a trend reversal is coming. For example, if the price of a security is moving higher, but the RSI is moving lower, it could indicate that the trend is losing momentum and a reversal to the downside could be imminent. Image
4/ There are two types of RSI Divergence: Bullish Divergence and Bearish Divergence. Bullish Divergence occurs when the price of a security is making lower lows, but the RSI is making higher lows. This can be a sign that a bullish reversal is coming. Image
6/ To use the RSI Divergence strategy, you can look for these divergences on a chart and use them as a signal to enter or exit a trade. However, it's important to remember that no indicator is perfect and RSI Divergence should be used in conjunction with other analysis tools. ImageImage
7/ In conclusion, RSI Divergence is a useful tool for traders looking to identify potential trend reversals in the market. By understanding how it works and using it in your trading strategy, you can make more informed decisions and potentially improve your trading results.

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More from @umarov_arslan

Apr 26, 2023
#Ethereum update for April 26th, 2023🧵

#crypto #cryptoTA #trading Image
#Ethereum 1H chart has created a strong bullish divergence on RSI. The 1st #divergence fas relatively flat, but the 2nd is quite strong. That's why we are seeing a #pump.
The price is inside EMA Ribbon, so we might see some resistance here. But overall #bulls are in control now. Image
#Ethereum 1H chart. MACD also had a double divergence from the price, which is fairly bullish. It also crossed into the positive momentum side, leading to the price pump we are seeing right now. Image
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