LONG - MTL - Trading OpportunityHoping for a bounce of this strong support, this hidden bullish divergence may assist us on our purpose.
Entry: 0.0000256
Target 1: 0.00002789
Target 2: 0.00002989
Target 3: 0.00003268
SL: 0.00002449
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Bullish-divergence
EOS Long Term SUPPORT HELD (IDEA)EOS just recently found support on the long term rising trendline.
Bullish divergence on the daily right on the support. RSI and MACD.
If this were to be end of wave 2 then we could see a structure like this play out.
Just my thoughts and idea of how this could play out.
(NFA/DYOR) Finally some good news for LINK?As some of you may know, I posted a couple of weeks ago about LINKUSD needing to hold a critical support level, and as much as it sucks being right, I was; the support didn't hold, and the downtrend continued. HOWEVER, all hope is not lost, as I believe I have spotted a bullish divergence here on the daily chart. This could be good news for future price action, although it is hard to say WHEN the recovery will begin.
LPI - LONG UPDATEWow. Bout to break long standing resistance trend line since 2013 !! 50% retrace target just over 9.00
MATICBTC - falling wedge and bullish divergenceMATICBTC is forming a falling wedge after the current huge dump which usually ends in a bullish breakout.
We can see bullish divergence on the 1hr RSI and it's close to the 0.618 fib-level which is the usual reversal zone for retracements.
You can either wait for the breakout to lower your risk or get in now to possibly get more profit but with the risk of a pattern failure.
Another thing to consider is that shorting is currently disabled for MATIC which reduces the sell pressure a bit.
Consider a stop loss below 200 to minimize downside risk.
Take profit zones are in the chart but I forgot to add one around 250, sell some there as well.
Let me know what you think and good luck with your trades.
Could we retest resistance and head lower ?Thought of the following scenario where we are seeing a bullish divergence on the 1h timeframe, this could drive the price up to it's resistance at approximately 7400.
From there get a rejection and make a lower low, maybe testing the fib. level of 50% (6550). Fib level on Logarithmic scale!
We would see some interesting price action going on around the 6800-6900 as there should be some significant support.
I think we could either bounce from the lower 6k area but as well as from 6800-6900 although I do think lower 6k makes more sense.
It could leave us with a triple bullish divergence on the daily timeframe which is bringing steam to the table for the bulls!
INTU Long, bullish divergence 4H / 1DSee trade details in the chart.
I see there is a bullish divergence on the daiily and on the 4H chart. Weekly is still bearish, but in the bearishness I do expect the uptick as shown in the chart. It won't be a complete reversal per se, and and I more expect to get out at the bottom of the target zone, which will still be a 1:1.7 R/R ratio.
Stoploss is set on 2 ATR levels below, on the midterm.
Bitcoin RSI Tells the StoryExactly 30 days of Bullish divergence from the Relative strength index in correlation to the price action shows why Bitcoin is increasing exponentially. Unfortunately on the 4 hour time frame there is Bearish divergence forming. Therefore a few days will turn into a week of bearish divergence and we will see where the price goes.
LONG - FTM - Trading OpportunityBINANCE:FTMBTC hasnt seen much action in this current "alt season", it is usually one of the coins that leads the pump along with the other IEO coins like MATIC. The RSI is showing signs of accumulation while the price doesnt move from this bottom, which means that something is probably coming. The R/R ratio is quite good so there's no harm in trying.
Entry: 0.00000129
Target 1: 0.00000140
Target 2: 0.00000154
Target 3: 0.00000171
SL: 0.00000124
CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position.
CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance 1.71% whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgement sums (including interest thereon)
All good things are hidden ... not all hope is lost for bulls!Heya my dear thriving community of hustlers and busters, traders and shillers, movers and shakers hope you are having a tremendous freaki'n day!
I know I have been a bit of a beartard for the last 3 weeks and there have been very well justified reasons for it, however, I can not ignore the clear bullish signal which comes with the high timeframes.
As you can see, there is a massive hidden bullish divergence formed on the weekly timeframe hinting the continuation of the bull run that brought us to near 14K levels.
Obviously there is no guarantee what so ever that this divergence will play out, but it is still something to keep our minds on.
Bitcoin likes to play on signs that has been right in front of our noses the whole time. aaand this divergence has been right in front of our noses since early June, it makes perfect sense for it to play out now instead of weeks later.
If you like my crazy rambling and in-depth updates of the market, please subscribe to my profile and like the post.
Have a great trading day and stay safe!
Let's hope that we don't have to place shorts in upcoming days Bakkt to Bakkt :)
Cheers
Archie