Hey Binance Fam! š
Looks like MYRO might be ready to make a move! š We're seeing a bullish divergence forming on the 4-hour chart, which could signal a short-term price increase.
What's a Bullish Divergence?
Think of it like this: the price is making lower lows, but the indicator (in this case, it looks like it might be the RSI) is making higher lows. This discrepancy creates a divergence, suggesting that the price might be due for a correction upwards.
So, what does this mean for MYRO?
Well, if this divergence plays out, we could see MYRO potentially rallying towards the middle of the wedge pattern. This is where the price has been consolidating recently.
But Remember...
This is just a technical analysis, and the market can be unpredictable. Divergences aren't foolproof, and there's always a risk involved. So, it's important to do your own research and manage your risk accordingly.
What's the next step?
Keep an eye on MYRO! If the price starts to break above the recent lows and the divergence continues to strengthen, it could be a good time to consider a potential entry.
Disclaimer: This is not financial advice. Always do your own research and invest responsibly.
Let's discuss! What are your thoughts on MYRO? Do you see a potential rally? Share your insights in the comments below! š