🕯 Everything indicates oversold
Lately, I have spoken a lot about overbought and oversold indicators in the market. Let's look at many altcoins, like StarkNet, through this perspective.
One of the most basic oscillation indicators, the RSI, is forming bullish signals 🐂 in global time frames. In the chart of most coins, there are two lows: August-September 2024 and February-March 2025. Let's follow them on the chart and in the mentioned indicator.
As you can see, the lows in the chart are decreasing, but in the indicator, they are increasing. This is a strong type of BULLISH DIVERGENCE. It is present in two time frames at once: daily and weekly. This clearly indicates that the price is ready to grow 📈.
So, why does no one see such a strong bullish signal in dozens of coins? In my opinion, it's a matter of psychology. When prices have fallen too much, it is difficult to objectively assess the factors. The market rewards those who manage to escape the emotional trap. This situation will not be an exception 💁♂.
