Get started

Bullish Divergence

BAT Looks Very Likely to flip ETH Very SoonI uploaded a huge weekly bullish shark pattern on this pair from the Binance chart a few weeks ago that can be seen in the related section and it's since gone up 100 percent and has much more to go. Now i want to share a different bullish perspective on the Coinbase chart. We are in a big falling wedge pattern and double bottoming with divergence waiting to break above the 55 week moving average and breakout of the wedge. BAT/ETH has looked especially bullish but this is not the only pair with bullish signals and patterns against ETH, many alts have bullish eth setups right now it's just that BAT stands out more than the others and may perform better than the other due to just how big everything is.
Long
by RizeSenpai
Divergence spotted👀 on shiba inu: potential uptrend?Shiba inu has gone down by 61% since it staggering all time high of $0.0008865 last month. It sits on the Fibonacci retracement of 0.061 (meaning it has lost 61% of its value since all time high, but yet all these analysis doesn't quite still posses a safety net to buy shiba inu or not? So while roaming around the charts I noticed a bullish divergence on the 1hr time frame, exactly at the 0.061 Fibonacci support level, historical last month the Fibonacci level has been a normal zone for trend reversal in shib, both on the daily and hourly time frame, though its current downtrend seems impossible to stop at some point everything that goes down must surely come back up. The bullish divergence popularly know for trend reversal indications on the RSI stochastic is said to be the strongest indicator into a market upcoming bull run and with the strong community shib has, there is lot of fundamental and technical analysis supporting a reversal to the upside.
Long
by Jezzz_
2
WTRH breakout from descending channel?I moronically sold some call options on this and missed out on the huge gains up towards $2.50. Am I seeing things hoping to make it back or is this another setup? Copying the gains from the last pump, another 200% gain would see WTRH back up towards $3. There is also a bullish divergence (red lines) that is also similar to the last dump and consolidation. This time it has happened over a much shorter time period, so it might be confirmation bias? Anyways, RSI bottoming out with a BuD, could be a juicy pump in the near future. NFA, aka Never Financially Adept, Naturally Fiscally Averse, NOT Free Avocados, and probably Not Financial Advice.
WLong
by EthIsTheFuture
The only divergences guide you needHello, everyone! There are a lot of traders and many of them use divergence in their own way. Most of these ways lead to the deposit losses in the long run, because generate the late entries. I like to trade with Alexander Elder’s approach to the divergence. It has the clear entry condition and the small stop-losses in case of mistake. Divergences allows to enter the market exactly before the actual trend reverse, thus you always buy the dip and sell the rip, which produces the best risk to reward ratio. Foe divergence defining we will use MACD indicator, but you can choose any oscillator with zero-lne. After reading this guide you will be able to define divergences on every appropriate oscillator. Let’s consider this approach! Bearish Divergence What is bearish divergence? For the true bearish divergence we should see four obligatory signs. (1) Point C on the price chart should be higher than point A. (2) Point C on the MACD is below than point A. (3) The MACD histogram have to cross the zero-line to the downside to form the point B (4) The MACD histogram have to cross the zero-lne to the upside after the (3). Now it’s time to find the entry point. Point C is formed when the decreasing column appeared on the MACD. (5) It is the time to execute short position . Stop loss we should take above the point’s C high. As you can see we have the very small stop loss with the huge profit potential. Next condition enhances the short signal: (6′) Decreasing MACD lines while the price increases. Bullish Divergence Bullish divergence is the opposite to the bearish. We have to see the following conditions. (1) Point C is below the point A on the price chart. (2) Point C is above the point A on the MACD histogram. (3) We have to see first MACD histogram crossover with zero-line to the upside to form the point B. (4) Than we have to see the opposite crossover to the downside. Now it’s time to wait the first increasing column on MACD histogram to spot the point C and (5) execute the long positions . Stop loss should be set below the point C low. We can often see the price decrease continuation to the point D, this point is (6) also forms divergence, which enhances long signal, like the (7) divergence with MACD lines. In this particular case the stop loss was not hit, but it could be the case. In this case we should re-enter position when the divergence conditions was met again. DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
Education
by Skyrexio
2
BTC Bullish Divergence + Inverse Head & ShouldersBTC now showing some solid bullish divergence since the beginning of this latest price move on the hourly. Both RSI and Chaikin Oscillator are climbing but not into overbought zones, feels comfortable. We also just breached the A/D line for the first time in this move (yellow highlight) implying bulls are accumulating and vying to retake control. This all comes in tandem with a classic inverse head & shoulders pattern - we're currently trading at the neckline, if BTC can break $58.4k with volume it should quickly rally to the next resistance zone at ~$60k. If that happens I don't expect a shaky retest but instead think BTC could blow through $60k to fully resume it's broader uptrend.
COINBASE:BTCUSDLong
by kamburgey