As you can see the chart is sloping down, with the price going lower and lower. But if you look at the MACD 4C you can see the trend is going up, indicating that the selling is loosing steam. This divergence is hidden / bullish. This has been shorted relentlessly for days with the release on Coinbase. Soon I except price action to trap retail shorters who have been shorting heavily the past few days. Also if you tie in the pitchfork location and sections, lining up with the falling wedge is a good sign that we are lined up for a retrace on price very soon.,# Market Analysis: Emerging Bullish Divergence in the Cryptocurrency Sector
## Key Points
– **Downward Price Trend**: Current market indicators show a consistent decline in price levels.
– **MACD Indicator**: The MACD 4C is displaying a bullish trend, suggesting that selling pressure may be diminishing.
– **Divergence Analysis**: There is a hidden bullish divergence, indicating potential reversal opportunities.
– **Short Selling Pressure**: The asset has faced relentless short-selling, particularly following its listing on Coinbase, signaling a market that’s ripe for price corrections.
– **Pitchfork Analysis**: The current price aligns with the pitchfork model, which, alongside the falling wedge pattern, reinforces the likelihood of an imminent price retracement.
## Conclusion
Given the current market dynamics, the combination of a hidden bullish divergence and the effects of aggressive short selling suggests that we may soon see a significant shift in price action. I anticipate that retail traders who have been heavily shorting may soon face potential traps as conditions indicate a correction could be on the horizon. This scenario creates an intriguing opportunity for investors looking to capitalize on a market rebound.
Disclaimer. The opinions expressed by our writers are their own and do not represent the views of JustInvestNews . The financial and market information provided on JustInvestNews is intended for informational purposes only. JustInvestNews is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Original article: https://www.tradingview.com/chart/VVVUSD/6T04T22q-MACD-4C-Bullish-divergence/
