There is a Falling Wedge Visible on the Daily and Weekly and on the Daily Timeframe we have a Double Bottom With Bullish Divergence present at the Demand Line of this Wedge as seen here: I will mainly target around 0.9 cents which is the top of the range we have formed on the weekly but overall this has potential to go beyond the main target and hit 1.7 cents if...
Perhaps it is too early to get in to this trade, but it looks like there is a small bit of positive divergence on the Nasdaq 100 on the 1hr time frame. This suggests that the markets want to reverse. The safer idea would be to let it take off and buy upon hidden bullish divergence at some point later on in the week or next week.
Price action and chart pattern trading setup > An impulse downtrend Elliott Wave channel with a dragon pattern forming rear legs > possible upcoming bullish divergence signal at the next support 8.00 baht targeting 2.618 extension > Entry @ dragon ridge breakout > Short term target @ previous wave 4 position > Medium term target @ wave 1 and wave 2 position + 15...
XLM could see a 50% rally up to a previous support level where it might then test it as new resistance if the rally proves weak. One may want to wait until after the FOMC before putting full size on this trade just incase there is any negative volatility during the meeting.
D1 - Price is bouncing higher from a key support zone. Bullish divergence. Engulfing candle pattern. H1 - Bullish convergence. No opposite signs. Until the key support zone holds I expect short term bullish moves to happen here.
If BTC continues to dump without a signifiant rally, this will not play out. But if we see a recovery at this point, there is class A bullish divergence forming in the MACD. This isn't reason to believe that the bottom is in and we are heading to new all time highs, but it could be a sign of a significant reversal in the short term. Most likely, I expect that it...
Price action and chart pattern trading setup > Major formation: Ending diagonal with bullish flag reversal pattern, expecting a rebound for minor WAVE 4 > Targeting 0.382 retracement of previous WAVE 3 > Entry @ bullish flag breakout > Stoploss @ flag support position > RRR 3:1 Indicator: RSI bullish divergence Always trade with affordable risk and respect...
H4 - Price is bouncing higher from the psychological level 1.20. Bullish convergence. H1 - Bullish trend pattern. Until the two strong support zones hold my view remains bullish here.
H4 - Price respected a key support zone and is currently bouncing higher. Bullish divergence. H1 - Bullish divergence. Until the key support zone holds my short term view remains bullish here. If we get a valid breakout above the high at 1.34760 we may then consider it as a validation for this short term bullish view.
What the Falling Wedge Tells Us ? The falling wedge pattern is a technical formation that signals the end of the consolidation phase that facilitated a pull back lower. As outlined earlier, falling wedges can be both a reversal and continuation pattern. In essence, both continuation and reversal scenarios are inherently bullish. As such, the falling wedge can be...
Daily bullish divergence on the rsi, as well as a double bottom, suggests price movement goes up in the near future for cronos.
In recent sessions, a technical bullish divergence has emerged on the GBPCAD pair, with prices reaching fresh lows at 1.575 while the momentum oscillator (14-day RSI) gaining pace, indicating that bears may have lost a bit of steam. As of this writing, the GBPCAD exchange rate is down around 8% year-to-date and 9.5% from its February highs. Since February...
Price action and chart pattern trading setup > Wave projection - An ending diagonal pattern with a possible technical rebound wave iv correction > Entry@ breakout downtrend channel > Target wave iv uptrend @ 0.386 retracement of wave iii - SMA50 zone > Stoploss at the lower resistance of downtrend channel - downside -10-15% > RRR: 1.5:1 Indicator: > RSI bullish...
The only thing holding Ape back from a 10-20% move to the upside from here are the moving averages i would buy here and put my stop below last week's low.
This is pretty much the same setup at the old LUNA/BTC chart that i had but since the exchanges deleted that pair and launched LUNA2 while the old LUNA pair became LUNC i decided to repost this Gartley for the new LUNA2
We Have Weekly MACD Bullish Divergence Visible at the PCZ of a Bullish Butterfly on DASH
BYBIT:C98USDT Coin98 is currently bouncing off the range POC. If we get bullish price action here and hold this level, we could see a breakout happening. Bullish OBV and CVD Divergences are forming on the 30m and 1hr chart. We also have a massive Falling Wedge pattern. If we break out of the upper trendline, we could see big moves ahead, especially if Bitcoin...
H4 - Bullish convergence. Expecting short term bullish moves to happen here. H1 - Bullish trend pattern. Until the two strong support zones hold my short term view remains bullish here.