MORE PUSH UP Divergence occurs when an indicator trends in one direction and price trends in another direction. Specifically, an indicator will make lower highs while price makes higher peaks, or the indicator will make higher valleys even as price tumbles to new lows. Divergence is a reliable trading signal, but it's not timely, meaning that price usually follows the direction of the indicator. Bullish divergence occurs when price makes a Higher low but the indicator forms lower lows. The two data streams diverge in direction. Price will eventually, usually, follow the indicator higher. If the price trend is down, then look for divergence among the valleys, not the peaks. When you spot divergence, recognize that the price trend may change. This doesn't mean an immediate buy, but consider taking a position soon, especially if you receive other confirming signals. Wait for the move towards the upside. VERDICT: BUY: $150.20 SELL:$154 up to $160 STOP LOSS:$142.48 Risk Disclaimer: Trading cryptocurrency on margin carries a high level of risk(volatile), and may not be suitable for all trades who are yet to understand how to use STOP LOSS. The high degree of leverage can work against you as well as for you. It is your responsibility to confirm if you want to take this trade or not. Trade only with risk capital; that is, trade with money that, if lost, will not adversely impact your lifestyle and your ability to meet your financial obligations. If you do not fully understand these risks you must seek independent advice from your financial advisor.
Asses hypothesis of your forest and wait for confirmation. Keep things simple. In the meantime, follow the trend and delve into the trees. Now bend some of the lighter branches for a quick scalp. If you build more strength you will be able to bend some of the thicker branches as well. Have Patience of the forest. If the trees are starting to grow in favour of your hypothesis, begin preparing on how you're gonna catch the opportunity. And prepare for an exit, in the likelihood of the forest turning out completely different. If you don't, you will be lost in the wilderness with no way out before it is too late.