Get started

Bullish Divergence

EURUSD - The downtrend is at the end! Elliott Wave + Channel The EURUSD is successfully holding the 1.0 USD level. This is indeed a significant psychological level, and we haven't seen any weekly or monthly candles that closed below this level.  On the RSI indicator, we have a bullish divergence on this daily chart, and we also have another triple bullish divergence on the weekly chart as well! So, if you like divergences, this is definitely your cup of tea.  As per my Elliott Wave analysis, this huge downtrend should be over (or 1 last wave to the downside), and that's why I expect a corrective move to the upside (ABC correction). Let's see how big this upcoming retracement is going to be.  On the daily chart, we can spot a beautiful descending parallel channel, and if you prefer to wait for confirmation of my bias, then you can wait for the channel to breakout.  As you can see on the chart, we had 2 fakeouts during this downtrend, which indicated a corrective move. Usually, the third breakout is real!  The profit target is at 0.618 FIB + the start of wave 4. For more ideas, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
38
CAD/JPY - 1H - Breakout SetupCAD/JPY is in a range, forming a symmetrical triangle . The price action is currently testing an important resistance zone after forming a double bottom on support zone. I'm expecting a resistance breakout due to Double Bottom + Bullish Divergence on the RSI and Volume uptrend on OBV. Now key zone for bulls is to break above the resistance zone. While a break from support zone will bring bears in party. The price could also stay in the range. Trade your levels accordingly.
by yo_zubair
CRONOS $CRO Long Idea - Hidden Bull DivI'm thinking we get a trend continuation here on $CRO, after that big rally a few days ago price has pulled back and bounced from the break out level There was a breakdown and retest of the 20 period H4 simple moving average and is still currently below that level, so we may see another move down before up, however i think up is more likely due to the hidden bullish divergence on the RSI. tldr entry 0.140ish region stop 0.13845 below prior swing low wick target 0.15455 (previous candle close swing high) however if BTC continures to go up i expect further up side to 0.167 or so Follow me on Twitter :) im just rebooting this account after sometime
FTX:CROPERPLong
by disgruntled
ANCUSD Seems Ready to Recover 50%-61.8% of it's Crash Losses.A few months ago every tradable asset associated with the Terra Ecosystem had major crash and Anchor Protocol was one of the assets affected. Since then ANC has been sitting here at these lows forming Bullish Divergence on the RSI and the MACD is refusing to turn negative as ANC Trades within this price range despite the steadily declining price. I believe that based off this ANC is signaling to us that it is ready to recover much of it's losses and my targets will be the 50% Retracement and the 61.8% Retracement.
ALong
by RizeSenpai
WHA | Wave Projection | Inverted H&S Bull DivergencePrice action and chart pattern trading setup: > Wave projection possible intermediate 4-wave rebound with inverted head & shoulders reversal pattern and MACD bullish divergence > Entry @ Neckline pullback > Target @ H&S Target or 0.386 retracement of previous 3-wave +6% upside > Stop @ right shoulder - 3% downside > RRR: 2:1 The downtrend target C-wave or final 5-wave estimated at 0.786 of the last B-wave Always trade with affordable risk and respect your stop
SET:WHALong
by dukeposh
REN Weekly Bullish DivergenceWeekly: Bullish div on MACD-H, MACD lines, EFI, and EFI ATR channel divergence. Stochastic RSI is turning up. EFI is entering bullish territory. Daily: Daily is turning down after an upspike. I would like to see Stochastic RSI crossing back. It seems the Value zone will hold as support, but waiting for confirmation of that. There was a nice bullish div on the daily and it made a high. Not it has retracted to the value zone, and if this holds, I'll buy . EFI is at the zero level. I have not entered, I would like to see Stochastic RSI turning back, or get into a good setup on the 4H chart. I will update when I have entered. Entry: below 0.119 (I'll try to find an entry on the 4H or daily setup) Target 1: 0,356 Target 2: 0,402 Stop loss: 0,0795 R/R: TP1: 1:5,7 TP2: 1:7
FTX:RENUSDLong
by Tornado_Trading