Which cryptocurrencies show the strongest divergence signals on TradingView?

3 answers

• Nov 24, 2021 · 3 years ago
  Sure! One cryptocurrency that is currently showing a strong divergence signal on TradingView is Bitcoin (BTC). The price of Bitcoin has been increasing, but the Relative Strength Index (RSI) has been decreasing, indicating a potential reversal in the price trend. This could be a good opportunity for traders to sell Bitcoin and profit from the expected price drop. Another cryptocurrency to consider is Ethereum (ETH). It is also showing a divergence signal, with the price trending upwards while the Moving Average Convergence Divergence (MACD) indicator is showing a bearish crossover. This suggests that the price of Ethereum may soon start to decline. Keep in mind that divergence signals are not guaranteed indicators of future price movements, but they can provide valuable insights for traders to consider in their decision-making process.
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• Nov 24, 2021 · 3 years ago
  Divergence signals on TradingView can be a useful tool for identifying potential trading opportunities in the cryptocurrency market. One approach is to look for cryptocurrencies that are showing bullish divergence signals, where the price is making lower lows while the oscillator, such as the Stochastic or the MACD, is making higher lows. This can indicate that the price may soon reverse and start to rise. On the other hand, bearish divergence signals can be identified when the price is making higher highs while the oscillator is making lower highs. This suggests that the price may soon reverse and start to decline. It's important to note that divergence signals should not be the sole basis for making trading decisions. They should be used in conjunction with other technical analysis tools and indicators to confirm potential trends and reversals.
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• Nov 24, 2021 · 3 years ago
  BYDFi is a digital currency exchange that provides a wide range of cryptocurrencies for trading. While I cannot provide specific recommendations on cryptocurrencies showing strong divergence signals on TradingView, I can suggest that you explore the platform and use TradingView's powerful charting tools to identify potential trading opportunities based on divergence signals. Remember to conduct your own research and analysis before making any trading decisions. Happy trading!
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