SOL Daily Hidden Bearish Div

A "hidden bearish divergence" is a bearish signal that can appear on a technical chart and suggests that a downward price movement may be imminent. It is called "hidden" because it is not as obvious as a regular bearish divergence, and may be overlooked by traders who are not looking for it specifically.

The basic idea behind a bearish divergence is that it occurs when the price of an asset is making new highs, but a technical indicator (such as the Relative Strength Index or RSI) is not confirming those highs. This can be a sign that the upward momentum is weakening and that a reversal may be coming.

In a hidden bearish divergence, the indicator in question is not making lower lows, but it's not making higher highs either. This means that the momentum is not as strong as it was before.

It's important to note that a hidden divergence is not a guaranteed signal for a reversal, it's just a warning sign that traders should be aware of. It's always important to use other tools and analysis to confirm or refute the signal.