Technical Analysis: The RSI indicator and divergence
Title: How to spot a trend reversal using RSI divergences 📈📉
Content:
The Relative Strength Index (RSI) is one of the most widely used momentum indicators.
📊 Bullish Divergence:
When the price of an asset makes lower and lower lows, but the RSI records higher and higher lows, the selling pressure weakens. This is often a sign of an imminent rebound!
📊 Bearish Divergence:
The price sets a new high, but the RSI fails to make a higher high. Caution: buying pressure is running out.
Never forget to confirm a divergence with graphical support/resistance levels!
#RSI #TechnicalAnalysis #Chartism #TradingKnowledge #Binance
Title: How to spot a trend reversal using RSI divergences 📈📉
Content:
The Relative Strength Index (RSI) is one of the most widely used momentum indicators.
📊 Bullish Divergence:
When the price of an asset makes lower and lower lows, but the RSI records higher and higher lows, the selling pressure weakens. This is often a sign of an imminent rebound!
📊 Bearish Divergence:
The price sets a new high, but the RSI fails to make a higher high. Caution: buying pressure is running out.
Never forget to confirm a divergence with graphical support/resistance levels!
#RSI #TechnicalAnalysis #Chartism #TradingKnowledge #Binance