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Bullishdivergencersi

TSLA - Solid Bullish Divergence TSLA has been a solid short but I have a hard time believing that this stock is down for the count. Apparently I am not the only person who is thinking this way because in spite of the downside price action, the RSI (Relative Strength Index) is indicating that sentiment is overall bullish still and price should reflect it in the short term. I don’t know if I feel super bullish with the macro outlook but as far as expecting a decent bounce out of TSLA in the short term- probability points to more likely than not- upside price action in the short term.
NASDAQ:TSLALong
by Goontata84
2
Descending Wedge & Bullish Divergence on March SoybeansFundamental Outlook: There’s no beating around the bush - the fundamental outlook for soybeans is bearish. Global ending stocks are now at all time highs per the last WASDE report, and export demand for U.S. soybeans has slowed considerably - currently down around 19% year-over-year. As South American harvest progresses, the outlook of the Brazilian soybean crop has also improved. Talking Technicals: Despite the bearish fundamental outlook - the descending wedge, bullish divergence on 14-day RSI, and declining volume profile presents a bullish setup. Managed money funds remain aggressively short - holding a net-short position greater than 150,000 contracts across futures and options on soybeans. An upside breakout could result in short-covering, ultimately propelling prices higher in the near-term. Descending wedge patterns typically see sharp, upside breakouts which would be akin to the price action observed in a short-covering rally. Check out CME Group real-time data plans available on TradingView here: www.tradingview.com Disclaimers: CME Real-time Market Data help identify trading set-ups and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com *Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
CBOT:ZSH2024Long
by Blue_Line_Futures
Is A Short-Covering Rally in Corn Imminent? There’s no beating around the bush - the fundamentals for corn remain bearish ahead of Thursday’s USDA report. Last month, USDA caught many by surprise revising ‘23 corn yields to record-highs of 177.3 bushels per acre. Since then, corn futures have continuously grinded lower. But, could a short-covering rally be in the offing soon? Per the last CFTC Commitments of Traders report, managed money funds have amassed a net-short position of 280,151 contracts (combined futures & options). That represents the largest net-short position in corn since 2019. While corn has continued making new lows, each of the last 4 contract lows have come in conjunction with less and less conviction - namely bullish divergence on the standard 14-day RSI. Moreover, the volume profile has gradually softened since the January USDA report. Thus, it's possible that all of the bears have already sold. The first step in a short-covering rally is getting bears to stop selling - and a friendly WASDE report on Thursday bares the potential to make that happen. Check out CME Group real-time data plans available on TradingView here: www.tradingview.com Disclaimers: CME Real-time Market Data help identify trading set-ups and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com *Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
CBOT:ZCH2024Long
by Blue_Line_Futures
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
by T-Q
PYPL | Perfect Entry Point | BouncePayPal Holdings, Inc. operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey, and Paidy names. The company's payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 100 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies. PayPal Holdings, Inc. was founded in 1998 and is headquartered in San Jose, California.
NASDAQ:PYPLLong
by DivergenceSeeker
1
GOING Long in CADJPY Trading StrategyBullish Indications 1. Tweezer Bottom and 3 White Soldiers 2. Tested Strong Support 3. Bullish AB=CD Pattern 4. Bearish Trend is Mature Enough 5. Need to Break Resistance Upper Trend Line 6. Found a very strong bullish divergence on 1D 7. Falling Wedge 8. 11 out of 16 times remain bullish Bearish Indications 1. Lower highs and Lows 2. If it breaks support then we can enter Seasonal Data 2006-2021 Dec-06 => Green Dec-07 => Green Dec-08 => Red Dec-09 => Green Dec-10 => Green Dec-11 => Red Dec-12 => Green Dec-13 => Green Dec-14 =>Red Dec-15 => Red Dec-16 => Green Dec-17 => Green Dec-18 => Red Dec-19 => Green Dec-20 => Green Dec-21 => Green
Long
by hassamsaeed
2
BTC UPDATE! $18K INCOMING!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this quick BTC update. BTC rejected from the $16.8k level and made another LL around the $16k level. Why does BTC go to $18k from here? * BTC already breaks out from the falling wedge-like structure and currently consolidating above the triangle. * Producing a bullish divergence in RSI in a 4hr time frame. * $15.8k$16k is a very important area to hold. * Currently, BTC is consolidating above the $16k level and throwing out from the market who have less patience and use high leverage. Once it is done a bullish rally up to $18k is highly possible. Invalidation:- 4hr close below $15.8k level If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Long
by CoreCrypto1
10
PCX Falling wedge and major trend looking to break bulliishHere is a Kucoin Banger for you folks, One thing I like to remind my students in our VIP group about these Kucoin spot trades (especially the coins with low liquidity) is to layer your take profit area's. Since Kucoin doesn't allow for a stop loss and a take profit to be placed parallel to each other on a single trade, its more important to have a stop loss in place and just put alarms at your TP zones and start closing some of the trade along the way when they go off. After the price action breaks above the top green trend line you are in a lot safer of an area to set your TP's and to remove your stop loss. This way if the TP's are hit while you are sleeping you can get your pro's. If you do set up your take profits on your trade, make sure to layer them with limit sell, especially with a low liquidity coin. This should help you actually get your orders filled. Major buy candles are coming in on this one, it seems to be in a clear wedge and bullish divergence coming in strong. Time will tell but, we also have a lot happening this month with a possible negative GDP for a second month in a row and officially starting a recession, the FED with another rate hike... likely to be .75bps and one the 13th we will have the inflation reports coming out from last month as well. Personally, I do see Bitcoin eventually decoupling from traditional markets and showing up to the party that it was made for the more and more inflation keeps getting out of hand. Have a green week my friends! Savvy
PLong
by Savvythe1
How to Trade Bullish DivergenceAt some point in your trading career, you will hear the term "Divergence Trading". Divergence simply means when the price and indicator are telling the trader two different things. It can be an effective addition to your trading strategy, especially if already using indicators like RSI or MACD to find overbought and oversold levels but should not be replied on by itself and requires practice to get it right. There are two types of Divergence you want to be familiar with: Regular bullish and bearish divergence and Hidden bullish and bearish divergence. In this educational tutorial, I will cover Bullish Divergence. You should note that the appearance of divergence doesn't happen 100% of the time, but when it does, you can use it for additional confluence (extra confirmation) for entering trades. Bullish Divergence Overview: A bullish divergence occurs when prices fall to a new low while an oscillator fails to reach a new low. This situation demonstrates that bears are losing power, and that bulls are ready to control the market again—often a bullish divergence marks the end of a downtrend. Notice in this example of GBPCAD, the price was in a downtrend and eventually came to a low at 5494 and rejected the area. The price shows a decline, while the RSI shows the oscillator moving higher. This is an example of regular bullish divergence, as it signaled a potential trend reversal. How to Draw Bullish Divergence You want to draw lines on successive tops and bottoms. Connect the tops and bottoms only, and keep your eyes on the price. If you draw a line connecting two lows on price, you MUST draw a line connecting two lows on the indicator. They have to match! Divergence only exists if the SLOPE of the line connecting the indicator tops/bottoms DIFFERS from the SLOPE of the line connecting the price tops/bottoms. Popular Indicators to Use When Identifying Divergence You can use indicators such as RSI, MACD, CCI, or Stochastic to trade divergence. Your selection in one of these indicators will depend on personal preference. I personally prefer the RSI at a 7 period. If you spot divergence but the price has already reversed and moved in one direction for some time, the divergence should be considered played out. You missed the boat this time. All you can do now is wait for another swing high/low to form and start your divergence search over. What is your favorite way to trade Divergence? Let me know in the comments! Happy Trading! :) - Brian & Kenya, BK FOREX ACADEMY
Education
by BKTradingAcademy
9
Ethereum Short Target ETH appears to be on the verge of breaking out. With prices declining to lows since its recent rally, the retracement seems to be treading above the .78 Fib level. Key items to look out for in the future to confirm the breakout is to confirm a solid close above the previous support level and an increase in RSI. This can be seen as a bullish divergence with MACD crossing upwards. Target is 10-13% up since the last breakdown. * This is all personal opinion and all TA's aren't perfect. I do own ETH. *
BITSTAMP:ETHUSD
by WampumSeeker
4
BTC bullish divergence from a bull flag in a bearish channelThe next few hours/days look to be a potential "break or bounce" moment for bitcoin. After the recent lows from January, a precipitous channel had formed and was broken upward (light-blue dashed lines) forming what looks to be a bearish channel for which the price current is dancing along the bottom (solid white lines). What is interesting is that bullish divergence has formed for both RSI and the MACD histogram (dashed white lines) in what looks to be a short-term bull flag (dotted white lines on price). As a result, there is a possibility of a bounce here potentially toward the 50% Fibonacci retracement level toward the top of the channel (near 50K). However, should price buckle here, there is a chance that the price could continue to fall down, even to near 32-33K (recent bottoms & Fibs) and potentially even 27-28K (the longer-term 61.8% Fibonacci from the 2020 Covid drop) and beyond (i.e., 16-20K due to 78.6% Fibs). Looking at ALTs, there is a common trend of bullish divergence, but additionally quite a few ALTs still have some room to continue downward before a bounce back upward. I should warn that ALTs typically will follow the price of BTC, and BTC typically follows the trend of the general market, which has not been looking good as of late, but should any of the ALTs form a more definitive trend, I will post about them as well. But as always, this is solely my opinion and is not in any way meant as financial advice. But please like or comment if you agree or have any further opinions.
COINBASE:BTCUSD
by crypto_trends
BTC: STILL INSIDE THE FALLING WEDGE! WAITING FOR A BREAKOUT!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this BTC /USDT 4hr update. In my previous BTC update I clearly told you that if BTC does not break the falling wedge then we can see $37.8k soon (Link given below do check it out). BTC made a new recent low of around $37,400. Currently, it is once again reached the lower trendline of the wedge and bouncing from there. Also, RSI is printing a bullish divergence. Let's see in this bounce we will be able to break this falling wedge or not? Break this falling wedge will bring a new positive rally towards $44k-$45k in the market. Invalidation level:- Close below $36.8k What do you think about this? Do you think we will see a good bounce from here or do you think that we see more dump? Share your views in the comment section. If you like this idea then do support it with like and follow. Thank You!
Long
by CoreCrypto1
2
Mild Bullish Divergence in LGDTFI don't know if anyone actually trades this, but I've been holding some bags on this piece of crap for a couple of years (don't ask) and check in on it from time to time. It's been trading in a decent range for the past 6 months (give or take) and recently put in a new low at $0.66, creating a very mild Bullish Divergence. Its Correlation Coefficient to gold is currently near 0, but historically oscillates closer to 1 (as you'd probably guess). This is not a prediction, and certainly not a trade recommendation, but if inflation keeps running hot and gold advances over the coming months, maybe this can catch a bid and head back up near $1 or higher. Alternatively, if there's follow through with the selling, I'd guess it will be trading sub $0.50 in short order. Take all this with a massive grain of salt, and proceed with caution.
OTC:LGDTFLong
by InnerMotionTrading
5
Possible Double-Bottom on Bitcoin/USD and Bullish Divergence RSIIn addition to this, we have confirmed bullish divergence on the RSI. I am not a fan of the double-bottom pattern, but combined with the RSI bullish divergence, I would say that buying a little more at these levels wouldn't hurt. Not sure I'd be using leverage, and I'm not doing this for a while, but for basic b*tch DCA crowd, this is good enough provided you save some dry powder just in case we test lower this week.
COINBASE:BTCUSDLong
by JJMa
EURUSD... Ready to LongFX:EURUSD The chart is well explanatory on its own, let me just clarify to prevent confusion and uncertainty Denoted Terms: 1. Key support level (Lower rectangle) 2. Entry level :- Horizontal green line 3. Near resistance/support (Upper rectangle) 4. Take profit levels:- Horizontal blue and purple line The indicator used :- Relative Strength Index (RSI) 1. From the indicator+chart analysis, there is a bullish divergence there, which clearly we can see its sitting on the key support level 2. Dynamic Support and Resistance (EMAs):- There is a tendency the 10 (yellow color) & 20-PERIOD (blue colour) EMAs become dynamic support after a close price on the entry level i denoted, followed by a confirmaton candle Also on 4hr timeframe, trading 50% fibonacci retracement, see that below Trade Setup Trade Type : Buy Entry : 1.17550 - 1.17650 T.p 1 :- 1.18465 (91 pip in profit) T.p 2 :- 1.19060 (150 pips in profit) Stop loss price :- 1.16930 (62 pips in loss) RRR :- 1 : 2.5 Like and comment what you think on this... Let's trade and win together. Happy trading CryptoKings!!!
Long
by Skuchies_CryptoKing
1