One of the only assets showing Classic Bullish Divergence (Class A Reversal) on the daily.Looks perfect to go. On the hourly we have a double bottom which can hint a powerful move to the upside. The stop loss is strategically setup to be below the daily engulifing candle.
With BTC looking for the upside price action thanks to the tripple bullish divergence. AAVE has been ready to move for over 2 weeks. With massive amounts of daily hidden bullish divergence, and previous price action tending to above 500$. AAVE has a lot of room if BTC is allowing.
A similar theory has been applied as in the AVAX idea (look below). Additionally,...
Using the red trendline a very appropriate stoploss can be made. Price action is leaning to the upside, due to the 4hr Double bullish divergence that is imminent to playing out. If BTC is playing out to the upside as it appears to be this long position on AVAX is very good.
This is just an idea and ultimately depends on the direction of btc, which doesnt look to great as of right now. The bullish divergence combined with the converging lower highs and higher lows (very desernable on the hourly chart) potentially imply price action to the upside.
If we break 242 and make a lower low, the target is 180.
With the highest weekly close in history, strong daily recovery. ADA has recovered the strongest in comparison to all ALTS after this huge btc correction. Too add to this further, on the technical side, ADA against the BTC pairing (ADABTC) is performing really well, posting multi-year highs against BTC, additionally a daily hidden bullish divergence is beginning...
COMP has developping hidden bullish divergence, currently approaching a macro trendline, that has played as support and resistance. Additionally showing classic bullish divergence on the 4hr, breaking through a downsloping consolidating trend line after creating ATH 10 days ago. Various indicators are showing price action the upside.
Link looks really good on al time frames against BTC. Daily and 4hr Class A bullish divergence. Looks ready to move to the upside. Weekly is about to flip green. An argument could be made for Class B bullish divergence however it is very close to call.
Looks primed. Symm triangle, consolidation after 35$. Looks ready to move up to 40$. Hidden bullish div class A shown on both RSI and MACD, 4hr, 1hr and daily looking healthy too. LINKBTC looks primed too.
The 4HR MACD is implying Class Hidden bullish divergence, implying continuation in price action to the upside, this has been developing within a bullish penant pattern. The 1hr hidden bullish divergence is beginning to play out which can cause the 4hr MACD to start to flip green.
The BNBBTC chart is showing similar features within a large cup and handle pattern...