Today’s Trick: Spotting Trend Reversals with RSI Divergence 🔄📊
Want to catch market reversals before they happen? Here's a simple but powerful trick—RSI Divergence.
How It Works:
Bullish Divergence: When the price forms a lower low, but the RSI (Relative Strength Index) forms a higher low, it’s a sign that momentum is shifting upward. This could mean a trend reversal from a downtrend to an uptrend. 📈
Bearish Divergence: When the price forms a higher high, but the RSI forms a lower high, it signals a potential downtrend reversal. 📉
How to Use It:
Watch for divergence near support or resistance levels for extra confirmation.
Combine with candlestick patterns or moving averages to strengthen the signal.
Catch the shift before the crowd and ride the wave! 🌊
#CryptoTrading #RSIDivergence #TrendReversal #CryptoTips #TradingStrategy