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Bullish Divergence

Chainlink will moon in April! 🚀Hey Traders, As you can see on the daily candles of Chainlink ($LINK), the price action has formed lower highs and lower lows symptom of a falling wedge pattern. The Fibonacci retracement level (.618) also has the same price level as the falling wedge breakout. The price target out of this pattern is $22 (+58%). Meanwhile, the Momentum Oscillator (RSI) is forming a BEAUTIFUL bullish divergence! A long position of 2-3x would be guaranteed 2x gains! Safe trading, -Pulkanator
Long
by Pulkanatir
I told you guys about the API3 Pump, here's another chance...Hey Traders, I am very stoked about Litecoin as in technical terms it has a strong bullish divergence, fading weekly AND daily MACD, tightening Bollinger band (hint of volume incoming) and combined with a falling wedge. This could be a potentially great trade of 35%, with 3 to 1 leverage we can set stop losses below the swing low of the descending support and take profits at $139 giving us +100% gains. Litecoin has been lacking these past weeks so this would make sense. -Safe Trading -Pulkanator
Long
by Pulkanatir
LINK/USDT - bullish reversal pattern close to breakoutLINK/USDT is currently right at the tip of a falling wedge after having quickly pinged the macro 0.786 fib level which makes me very optimistic about this being the bottom and seeing a successful reversal. In addition to that we can also see significant bullish divergence on the daily which ranges back to December and further increases the odds of a textbook breakout which LINK tends to have especially with falling wedges (examples can be seen in my earlier charts linked below in the related ideas section). On shorter time frames LINK is currently forming an inverse H&S which combined with the falling wedge makes for a great reversal pattern which produces consistent results and is close to completion. LINK/USDT 1hr: Since LINK is a long-term hold for me I usually don't use stop losses and mainly look for prices to accumulate more but for a swing trade I'd consider one slightly below the last 0.786 ping since losing that level would render it a descending triangle breakout and likely lead to a longer bear trend. Please note that the price projection is just that and should only guide as a visual aid for the direction I expect it to go. With staking said to release this year this looks like a great opportunity to stock up on some LINK at a discount before the action starts. Best of luck with your trades and let me know what you think!
Long
by Wolfy_
LINKBTC - close to the bottomLINKBTC is near the tip of a falling wedge which have a bullish bias and it's very close to the daily 200 SMA. We can see bullish divergence on almost all timeframes and the 23500 - 25000 range is a zone of major support. The parabola for LINK/BTC is still intact and it's very close to it. This all points to a reversal in the near future and looks like a great zone to accumulate for long-term positions. Let me know what you think and best of luck with your trades!
Long
by Wolfy_
2
The $SPY is Potentially Setting up for Another Short-term BounceToday on the 4HR Timeframe we went down Below the Demand Line of a Falling Wedge Channel but ultimately closed back within the Channel then Bullishly Engulfed at the PCZ of a Bullish Gartley on the close of the next candle. We also showed slight hints of Bullish Divergence on the MACD whilst this was going on. This looks to be pretty good for any Market Bulls out there in the short to midterm but i we aren't completely out of the woods yet as the Macro is still Bearish. I will be looking for a Midterm bounce in the SPY but wont be targeting much higher than $450 before looking to see more continuation to the downside.
AMEX:SPYLong
by RizeSenpai
4