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Bullish Divergence

In-Coming Stock Market Rally?Things have gotten very over-sold for the major indexes and the stock market as a whole but there are things on the macro charts showing that there are incoming winds of potential change. 4th quarter is always a major time for retail and earnings so these are possible factors as well but if we keep simply to the charts on the weekly, we will see that price action is stalling in terms of its ability to continue to the downside. When this occurs a simple way to check for possible seller exhaustion is by peeking at the relative strength index and comparing it to the price action on the chart. And in this case, we see bears putting in a lower low in price, yet on the RSI the reaction has been a higher low on the indicator. To sum this up, this is a signal, that at least in the short to medium term, the strength has shifted over to the bulls. The area to watch is the 3556 level. As long as this level holds look for a rally to 4000 in the coming weeks and months. This will be very difficult level to sustain price action above if a rally was to take us to this level any time soon so use this as a possible trade opportunity until more positive macro factors start to come into the picture in the meantime.
SP:SPXLong
by TradeVibez
✅️Bigger Picture: 🟩Eos Long Idea🟩▪︎Earlier we Looked At The #BAT pattern On The Eos/usdt pair, D Time frame,Now wanna Take a Look at The bigger picture. ●In This chart (W) we can See a Giant F.wedge Which Now we are at The bottom of it! Also It's considerable as #ABC correction.. And This bottom we are Now is 89% down which is Fib Number as you know. ☆So plan is That BAT pattern I mentioned Last Time at Daily (Which is almost complete) Break And It starts.. ¤There Are 2 options: 1.we Reach Through upper band of The wedge, without breaking and continuing The Pattern 2.Reach The upper band and Break It! -Either way Profit Is on a Bull Side,and Either Way Long is The only reasonable Option, So Just Give Bears a little Time To pack a 🎒 and We are Good to Go👍 Good Luck✌️
ELong
by Paarham
6
$COIN swing call idea from end of Sept has NEWS to draw buyersThe description below offers an example of a chart story. When you regularly watch a stock and observe how price and indicators change over time, you can create a story that leads to well-planned and successful trade ideas. Between May and July price stalled and took its time to retest lows. While it did RSI was gradually rising. Eventually this led to a quick move up in price (August) and RSI tipped over 70. When RSI rises over 66.66 after being under 33.33, it is a sign that trend may be ready to change. Note this does not always hold true, as it is an advance sign that occurs before trend change confirmation. In September, there was a stochastic buy notice when %K rose sharply over 3 days (orange box and arrow). This is my most reliable early indicator of a directional move to come. It is typical for this early strength move to see a reversal. When price fell (white box) it stayed above the summer range, RSI held bull support zone (green line), and there was bullish divergence (white ovals). Before today's Google-related news spark, price broke the white downtrend line and held a higher low. Now, in the greater context of U.S. markets, I think a rally is imminent. As soon as there is a turning point up, COIN can at least move to 200sma. I am not long-term bullish on the stock right now; I see a nice swing call trade that can gain over the next few months if conditions support it.
NASDAQ:COINLong
by OptionsRising
ATOM COSMOS INVERSE HEAD AND SHOULDERS!! 10% PUMP INCOMING!!Looking at QNT and Matic which have found their bottom its seems like we are getting a bit of relief rally in other altcoins. I have noticed a few with an inverse head and shoulders Pattern. Matic also had one and it played out. Possible 10% profit if it plays out with ATOM. No financial advise though :) It will be better confirmed if we get above $13.089 and use it as support. If this plays out I will be taking profit around $14.00.
ALong
by Luckyjimbob111
2
$MATIC - BULLISH but CautiousHello my Fellow TraderZ, #POLYGON ($MATIC) is going inside the Descending Channel Pattern and again got rejected by the Upper Trendline. The recent upward movement was also supported by the RSI momentum which clearly was showing Bullish Divergence. Now I see on 4 HTF price going to come and retest the MA50/200 at the least. Also on 1 HTF, it is clearly visible that Price was maoving inside the Ascening Triangle and broke the Triangle beautifully and again coming to retest. Here my projection for the coming hours/days where we could go to the $0.9 Happy Trading Fam. CHEERS!!!
MLong
by TRADER-GOKU
NVDA NVIDIA Corporation Strongest SupportNVDA NVIDIA Corporation looks ready for a technical rebound. A technical rebound refers to a recovery from a prior period of losses when technical signals indicate that the move was oversold. In this case, the Relative Strength Index momentum indicator of NVDA is below 30. Even though i am overall bearish on the economy, buying a strong financial instrument when the RSI is below 30, would make a case for a potential short term reversal. Looking forward to read your opinion about it.
NASDAQ:NVDA
by TopgOptions
1
$DYDX - Bulls breaking FALLING WEDGEHello my Fellow TraderZ, Few days ago I made an analysis on $DYDX ranging inside Descending Channel Pattern on 4 HTF. Although price gave a Fakeout and create a Double Bottom and again came back inside the channel and breaking upward of the channel. BULLISH DIVERGENCE is still valid + Price is trying to come above the EMA 55 on 4 HTF + Breakout Volume is Pretty good enough. Also look on DTF, #DYDX is forming a FALLING WEDGE Pattern which is generally Bullish in nature. For strong confirmation look for the daily close above the Wedge and the Resistance area of $1.30. TP 1 : $1.41 TP2 : $1.52 SL : according to your own R:R Note : never underestimate #BITCOIN which could ruin the Party. Happy Trading Fam. CHEERS!!!
Long
by TRADER-GOKU
$LUNA - Still some Fuel Left !!!Hello my Fellow TraderZ, So what's up Buddies,,,today we have $LUNA on the table. After bouncing to hug 3.5x #LUNA has fallen sharply as expected. The game of Pump-n-Dump is on #LUNA. And from time - to - time, we gonna see such amazing bounce to 100%-500%. So can choose this one as a GAMBLING bet. Well now after sharp decline of ~70% following th recent pump, $LUNA is making a Falling Wedge on 1 HTF. Also Bullish Divergence is there . In shorter TF, I'm expecting a little 10-12% upside move to test 200 Hourly EMA. Keep an eye on Breakout then place your entry. Happy Trading Fam. CHEERS!!!
Long
by TRADER-GOKU
BTCUSD Stopping Volume at PCZ of Bullish SharkBTC has given me great reasons to be concerned that we would break through our PCZ and pull down into the 78.6% Retrace below but despite how many times it's tried it's managed to hold the local 88.6% Retrace as support and now we will have confirmed a stopping volume candle on the daily if BTC's Daily Volume doesn't change much in the next 15 minutes before the close so i will be doubling down here with a stop below the 78.6% retracement.
BYBIT:BTCUSD.PLong
by RizeSenpai