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Apr 28, 2023 โข 6 tweets โข 3 min read
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#Bitcoin2/ 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.
#crypto#cryptoTA#trading#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.