Bullish Divergence
EURUSDWill it Grow further?
Pair is on solid support zone and created double bottom structure as well. Due to cluster support and descending channel move I am expecting it's bullish move within a channel not a big target.
what you guys think of this idea?
LPTUSDT LONG OUTLOOKHello Traders, this is outlook that i think might be work. All Entry, Stop Loss, and Take Profit its already showed up. All trade it is on yourself. DYOR
NIO finishing a Fib Retracement Ready to Continue LONGNIO on the 4H chart was on an uptrend into a double top in late July and Early Augus. This
was confluent with the second upper deviation line above the mean anchored VWAP line
which is thick black. Now on the retracement price has hit the mid-Fibonacci levels of
0.38-0.5-0.62. The MACD is sowing an early buy signal with a line cross under the histogram.
I see this as a long trade on continuation with some early bullish divergence with a
the potential upside of 20% back to the VWAP lines whose resistance forced the double top.
I will put this on my China watchlist watching for the pivot low from which to enter.
LTC/BTC falling wedge formingLitecoin appears to be forming a falling wedge against bitcoin.
Rsi trend has bottomed along with the price action within this wedge.
RSI is showing bullish divergence over the last several weeks.
Volume has been flat or declining in this wedge, often a reversal signal.
This could be as much as a 30% move up to the next resistance area.
This is the product of two potential outcomes.
1. BTC declines while LTC remains flat.
2. LTC gains while BTC price remains flat.
Virgin Galactic In the process of Bottoming out? Hi, this is a Technical Analysis on Virgin Galactic (SPCE), it is viewed on the 1 Week timeframe.
Our current candle is currently in the process of breaking out BELOW our UPSloping Support Trend Line, highlighted by the RED circle.
Note: The candle closes, end of trading session on 7th of August, Monday. Meaning our current candle is not accurate, so we need keep a close eye.
If we close ABOVE, our trend continues, giving us yet another week to tread along and hopefully break our ressistance trend lines.
Our RESISTANCE is 2 FOLD
1. Upper Resistance line of DOWNWARD CHANNEL
2. RED HORIZONTAL LINE above us
If we close BELOW, it means we are attempting a "Trend Change", but this candle alone is not enough, We would need to look for CONFIRMATION. This can be way of a specific single candle printing or a candle pattern formation. (I will be sure to update in the coming weeks).
Our 1st Target would be the BLACK Horizontal Support line below
Our 2nd Target, which is also a CRITICAL ZONE is our STOCK LOW @ around $3.11, depicted by RED LINE
->Below this, we form a lower low and make NEW LOWS
Our 3rd level would be where Lower BLACK line of the DOWNWARD channel and PRICE meet, below the RED Horizontal line.
Our overall DIRECTION currently, is DOWN. Evident by the DOWNWARD CHANNEL drawn with BLACK lines. **Until PROVEN OTHERWISE**.
-> For us to break the downtrend, we need to break and CONFIRM ABOVE the upper trend line of DOWNWARD CHANNEL.
So when im looking at the current candle, im thinking its MORE PROBABLE we go down.
Notice how the Week of June 12th and June 20th, we had Large Upper Wicks form, this indicates SELLING PRESURE. The pressure was due to convergence of resistance of the BLACK and RED Resistance lines. The pressure from this event, can be whats pushing our price down.
My thought process is that i actually want PRICE to hit the LOWER SUPPORT LINE of the CHANNEL. Doing so, as long as the RSI maintains Higher Lows will lead to the formation of a BULLISH DIVERGENCE.
This leads to prices MOVING to the UPSIDE, in most cases. Can be a BOTTOMING pattern, in my opinion.
Now lets look to my indicators for more evidence.
RSI is getting tight in this symmetrical triangle pattern. We will soon see a breakout ABOVE or BELOW. If we break BELOW, look to the RED line, we want to stay above here for the possibility of a BULLISH DIVERGENCE to be in the picture.
ALso note: Symmetrical triangles usually break out to the upside.
ORANGE RSI line, should also stay ABOVE the Black moving average. Look left, everytime we CONFIRM below, PRICE DROPS DOWN.
STOCH RSI, is in the process of a BEARISH CROSS, this if confirmed on Monday will bring in momentum to push prices DOWN.
ADX which is also a momentum indicator, I would like to see the BLACK moving average, curve up, GREEN Line also curve up breaking out of the upper border of rectangle. This would indicate to me that a large amount of bullish momentum is coming in.
CONCLUSION:
Overall, i believe SPCE is in the process of carving out a BOTTOM. Its evident by the range highlighted by rectangle, we are in some sort of CONSOLIDATION. Our current price action must be observed. In the chance we do CONFIRM below and go lower in price, it will provide great entry levels for BUY ORDERS. If we also hit the lower support trend line of the down channel, the potential for a BULLISH DIVERGENCE may become more probable. With all the evidence being presented, it is important to observe SPCE to see what it does in the coming Weeks to Months.
Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again.
If you have any questions, do reach out. Thank you again.
DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. When trading always spend majority of your time on risk management strategy.
Quick Look - Bullish Divergence vs Bearish DivergenceHere is a graphical representation of the simple concept of bullish and bearish divergences.
Rules are pretty clear
Bearish Divergence
Happens only in uptrend
Observed on pivot Highs
Price makes higher high whereas oscillator makes lower high, indicating weakness and possible reversal
Bullish Divergence
Happens only in downtrend
Observed on pivot Lows
Price makes lower low whereas oscillator makes higher low, indicating weakness and possible reversal
Watch out for hidden divergences on the opposite pivots and breakouts in the direction of trend.
$VFF: Log Scale Bullish Shark Visible on the MonthlyWe've got an 0.886 Bullish Shark visible on the Monthly Log Scale Chart with heavy amounts of MACD Bullish Divergence, if we can reach the minimum Bullish Shark targets, then we should expect to see VFF reach 5 dollars in the coming months.
XAUUSDXAUUSD has formed falling wedge pattern at strong support zone with significant bullish divergence.
It seems like gold is getting ready for serious upward direction.
Will the buyers attack these bullish territories?
What you guys think of it ?
NEOUSDTNEOUSDT is trading in bearish trend and recently it has formed double bottom pattern with strong bullish divergence.
price is fading selling pressure after double bottom pattern seems like bulls will take control from here.
If the price is successfully close above 8.5 level, it will be time for bulls to take control.
What you guys think of it ?
TRXUSDTTRXUSDT has completed AB=CD pattern and form support zone. Currently the support zone is being sustained with strong bullish divergence. but price is still below the long term declining trendline. If the price gives healthy closing above falling trendline, it will be a nice buying setup.
ARBUSDTARBUSDT is trading at very important zone. Although the pair is in bearish channel but selling pressure is not favorable as there is strong bullish divergence at support zone. In past bulls took charge from this support zone. Will bulls again attack on this level?
EURUSDEURUSD is in nice bullish trend. Recently the price has retraced a bit and reached to our buy area which is also the region of inclining trendline. Bullish divergence is also suggesting a upward direction for pair.
EURCHFEURCHF has formed a falling wedge pattern with strong bullish divergence. As the price has already shown the good bullish reaction from this level. Will the price continue to grow higher ?
SIRI | Great Long Entry | LONGSirius XM Holdings Inc., an audio entertainment company, operates audio business including subscription entertainment services in the United States. It operates through Sirius XM, and Pandora and Off-platform segment. The company's Sirius XM segment provides music, sports, entertainment, comedy, news, traffic and weather channels, and other content, as well as podcast and infotainment services on subscription fee basis; and live, curated, and exclusive and on demand programming services through satellite radio system and streamed via applications for mobile and home devices, and other consumer electronic equipment. Its Pandora and Off-platform segment operates music and podcast streaming platform, which offers personalized experience for listener through computers, tablets, mobile devices, vehicle speakers, and connected devices. In addition, the company offers podcasts including true crime to politics, sports, comedy, and other podcasts under Stitcher brand. Further, it distributes satellite radios through automakers and retailers, as well as its website. The company also provides location-based services through two-way wireless connectivity, including safety, security, convenience, remote vehicles diagnostic, maintenance and data, and stolen or parked vehicle locator services. Additionally, it offers satellite television services, which offer music channels on the DISH Network satellite television service as a programming package; Travel Link, a suite of data services that include graphical weather, fuel prices, sports schedule and scores, and movie listings; and real-time traffic and weather services, as well as music programming and commercial-free music services for commercial, office, restaurants, and other business. The company was incorporated in 2013 and is headquartered in New York. Sirius XM Holdings Inc. is a subsidiary of Liberty Media Corporation.
Can CMG recover from the post earnings drop?CMG had earnings today which were a beat but apparently less than expectations
of investors and traders. On the 15-minute chart, the indicators support a reversal
with a bounce on the dual time frame RS lines showing a bit of bullish divergence.
Decelerating bearish momentum on the MACD with lines converging under the histogram
suggests a reversal is impending. Further, the mass index indicator is in the reversal
zone but not yet triggering the signal with a drop below the zone. I will take a
long trade of CMG. They say trade what you know, My local CMG is always buzy and
a love either food. I believe that CMG is ready to give me a big rebate on my
patronage. I will take a call option expiring 8/18 striking $2100. I expect to realize
a large profit having done a similar trade on CMG more than once in the past. The expected
premium of $7300 will be about $700 of risk given a stop =loss but I expect a reward
of 4-6 times that if not more.
XVGUSDTXVGUSDT is in under strong sell pressure and has created strong demand zone with bullish divergence. These confluences giving the strong buy setup signals. What you guys think of it ?
GBPUSD ALERT: BULLISH DIVERGENCE DETECTED! 🚨📈💡 GBPUSD ALERT: BULLISH DIVERGENCE DETECTED! 📈🚀
🔍 What we've discovered during our examination: 🔍
📈 Bullish Divergence: Despite the prevailing bearish trend, we've identified a bullish divergence forming on the GBPUSD 1-hour chart. This could be a sign of a potential trend reversal! 📉🔄📈
📈 Relative Strength Index (RSI): The moment indicator RSI is backing this bullish divergence signal, suggesting a possible upward momentum in the near future! 📊🚀
🚨 Trading Alert: 🚨
📌 Time Frame: 1 Hour ⏰
📌 Pair: GBPUSD 🇬🇧💱🇺🇸
📣 Our analysis indicates a potential bullish move for GBPUSD, but a word of caution before you hit that trade button: 🛑⚠️
🚫 Trading always involves risk, and even though the indicators look promising, it's essential to consider your risk tolerance and use proper risk management strategies. 💼🛡️
💡 Trading Tip: 💡
📌 Wait for Confirmation: It's crucial to wait for additional confirming signals before entering any trade. Always look for supporting evidence to strengthen your trade decision. 🕵️♂️🔍
📌 Set Stop-Loss: Protect your capital! Always set a stop-loss order to limit potential losses in case the trade doesn't go as planned. 🛡️💰
📌 Stay Informed: Keep an eye on market news and events, as they can impact the forex market. Stay updated to make informed decisions! 📰🌍
Remember, the market can be unpredictable, so never risk more than you can afford to lose! 🙅♂️💸 Trade responsibly and smartly! 🧠💪
Happy trading! 🚀📊💹
#Forex #GBPUSD #BullishDivergence #TradingAlert #TradeResponsibly
NZDCADNZDCAD is trading in downward direction but currently the pair has created strong demand zone around 0.8160 region and reacted well from this region. Currently the pair is facing mild resistance in 0.8190 region . if it break through 0.8190 it will a nice buy setup.
NZDCHFNZDCHF is trading in bearish parallel channel. Currently the pair is trading at the channel lows and also form falling wedge pattern with in the channel. As it has also created bullish divergence which indicating it might touch the channel highs again.
AMC: Bullish Dragon Seeking BreakoutAMC, after Bullishly Diverging at an .886 has broken out of a Bullish Dragon and could rise all the way up to the zone of $10–$14 if the level of $4.40 is taken.
📈 Bullish Divergence & Support Zone Entry 🚀📊 The Relative Strength Index (RSI) is showing a bullish divergence, indicating potential price reversal.
💪 The price is currently in the support area, optimal entry point for the trade.
⛔️ Place stop loss below support area to avoid fake-out.
🎯 Take profit below resistance area for a 1:2 risk/reward ratio.
#TradingView #TechnicalAnalysis #BullishDivergence #SupportAndResistance #TradeSmart #TradingStrategies #StockMarket #Forex #CryptoTrading #Bitcoin #BTC #InvestingTips #TradeSignals #FinancialMarkets #MarketAnalysis #PriceAction #TraderCommunity #Charting #RSI #TradeSetup #ProfitPotential #Cryptocurrency #BitcoinAnalysis #BitcoinTrading #CryptoInvestor #CryptoSignals #DigitalAssets #Altcoins #BlockchainOpportunity
