RE: Bullish Divergence Spotted on $LBC-BTC for Scalp Trade

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Bullish Divergence Spotted on $LBC-BTC for Scalp Trade

in bitcoin •  7 years ago 

The RSI is moving to overbought meaning less likelihood of a trend reversal. Worth looking at the MACD to see whether the trend is reversing. 5 & 9 period MAs will also show this better than Bollinger during this setup. Looks to me to continue downtrend until oscillators say otherwise. Just my take - hope it helps. 😎

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