Get started

Bullish Divergence

Is $34.59 the double bottom? Falling Wedge complete?I called $33 as the bottom and wait it until November 1st to see. But what I saw today price movement might suggest $34.59 is the double bottom. If it continues to dip to Monday. Then $33 is still in play. What I like to see is can AMC bounce back up to $38-$39 next week quickly and then break the $44 neckline to $53? I don't expect much price movement tomorrow. Although there are bullish divergence flashing on the hourly chart indicator suggest we will see more higher price movement tomorrow. Only time will tell. Until then I am chilling with AMC.
NYSE:AMC
by gojira91
3
Ethereum Set To Outperform BTC!!Checking out Ethereum vs Bitcoin on the daily timeframe we see a confirmed Bullish Divergence! This pattern signals a reversal coming ETH, we have been in a clear short term downtrend from the highs in the beginning of september and we are finally set to explode against BTC, pair this with Bitcoin dominance starting to slide we could be looking at a mega run for the altcoins! We are currently holding the 0.3 FIB level and we do have support from the bollinger bands midline right below the 0.3 FIB. Something else to take note of is we are pretty close to that top bollinger band and i think if we see a grab onto here we could be sent flying to upside taking out key resistance on the way! Any way you want to look at this bullish divergence it is very very clear, we have been seeing multiple lower highs on price action shown by the green trendlines, we have them from the beginning of september all the way until now! Now that we just got confirmation from the stoch RSI we are set for a massive breakout to the upside in a matter of time, The way you can find divergences is simply by seeing lower highs on price action or higher highs or higher lows or lower lows and then seeing the opposite on an oscillator, i personally like using the stoch RSI. Basically if you see a uptrend line on price action and a downtrend line on the oscillator or vise versa, but keep in mind there are different meanings for each divergence so that is up to you to find out which one you are seeing! Taking a look at the MACD we are seeing on the histogram yet another increase for our daily bar which is a good sign and shows growing bullish momentum, we want to see this continue for that reason, if we do see a decline a bearish cross looms but always remember there is a chance it is a fakeout and we could see a rebound with another bull cycle on the MACD, Notice the MA's we are seeing good separation with the blue continuing to push upwards and moving further away from the orange MA, we also want to see this continue to play out because it lessens the chance of a near term bearish cross and it also shows an increase with the bull momentum! We have many targets we could talk about but the main one for me that i will talk about in a later TA when we actually see a breakout is the highs we saw at the beginning of september, this reversal along with the grabbing of the top bollinger band could most definitely send us up that far but that will be for a later TA as we still have a ways to go! But things are starting to look very very good for ETH and the altcoins and i woulnd't be surprised if we saw a mega altseason coming up in the near future! Not financial advice just my opinion!
Long
by JacobR905
Vechain Possible Hidden Bullish Divergence!!?Looking at Vechain we have recovered nicely off of the little correction we had and we are starting to push back up towards our previous high at 0.16c shown by red horizontal ray, but the main thing i wanted to discuss here is the very possible hidden bullish divergence that could play out in the coming days/week/s. This pattern is a continuation pattern of the current trend we are in and could keep pushing VET to the upside. Before we get into this possible outcome lets discuss the bollinger bands first, the main thing we notice is the squeezing of the bands which means volatility is shrinking and we are set for an explosive move in a matter of time, now the bollinger bands don't indicate which way but that is why we use other indicators to try and determine that. we are holding the midline quite strong and its looking like we will continue too after todays daily close, and keep in mind with the bands so close to price action a little pump could ignite a massive one if price action grabs onto that top band! Now the hidden bullish divergence, what we are looking for and we are already seeing is higher lows on the price chart which is shown by the green uptrend line and then lower lows on the oscillator and in this case i am using the stochastic RSI, look at the yellow horizontal ray, that line shows our previous low and what we are looking for here is a fall below this level and a creation of a lower low, similar to the path ive drawn on the Stoch RSI, the path shows a likely scenario because we have support down there shown by the green horizontal line, but we could see this play out anywhere inbetween the green and yellow horizontal lines and anywhere in that area would be valid for this divergence! and with the stoch rsi just having a bearish crossover this could play out perfectly, on the price chart we still have a bit of room to fall down along with the stoch RSI we just have to make sure price action keeps on making higher lows which can be seen by following the green uptrend line, if we made a higher low on the green uptrend line that will definitely be enough for the stoch RSI to fall into that zone we talked about and then go on to make that lower low. Now something key here is when we look at the RSI we see that we are falling a bit along with the stoch RSI which is completely normal and we are coming up on the midline in a bit and now this is where the hidden bullish divergence CONTINUATION comes into play, we are currently in an uptrend shown by being above the midline and we want to stay above here when the stoch RSI makes that lower low to complete the divergence pattern and the continuation part goes hand in hand with us being in a confirmed uptrend. And when we talked about having room to fall on both price action and the stoch RSI the same thing goes for the RSI, we definitely have room to fall along with both of these other factors and we can likely see ourselves getting a bounce off the midline which is currently support (as shown by path) and then continue back upwards, it really looks like we could see all of these get that bounce which we need for this to complete the pattern and the beauty is that all these indicators play into eachother and follow eachother so that gives us more hope that this is really going to play out similar to how i have it layed out! Then pair this divergence pattern along with the squeezing bollinger bands and we could definitely have ourselves a huge catalyst for a mega breakout to the upside and a continuation of this uptrend! Not financial advice! If you have any questions don't hesistate to ask i will do my best to explain further and answer in good time! Cheers everyone this is very exciting!
BINANCE:VETUSDLong
by JacobR905
Graph Blockchain GBLC Looks Ready for a Big MoveGBLC weekly chart is looking better with each passing day. Price made lower low, and both the MACD and RSI made higher lows at the same time, which equals a Bullish Divergence on the weekly timeframe. This pattern can be very powerful on the weekly timeframe and could indicate upcoming bullish momentum for the next several weeks. Additionally, the price has now broken out from the downtrend that began in the week of March 8, 2021. Breakouts of large downtrends like this one tend to catapult price higher, so this is also something to be very excited about. On the daily timeframe, price has just risen above the 50 Day EMA, and the daily MACD is just breaking above the zero line. On the 4 Hour timeframe, MACD is firmly above the zero line, and is using the zero line as support to move up. On the hourly timeframe, price is firmly above the 200 Hour EMA. All great signs. Now let's talk fundamentals. Graph Blockchain's wholly owned subsidiary, New World, just launched what it claims to be the world's first publicly traded NFT Marketplace on October 15: stockhouse.com . The website looks absolutely gorgeous, and you can tell they've got some great design and product talent: newworldinc.io . Mobile apps have been launched in beta on both the Apple App Store and the Google Play Store, and the Apple full release app is expected to be live within 30 days. Another positive factor is this stock's correlation with Bitcoin. This stock moved up in unison with BTC during its last bull run at the beginning of the year, catapulting from 2 cents to 49 cents. With the Bitcoin Futures ETF potentially making its debut tomorrow, there is a lot of excitement in the market, and analysts are calling for huge BTC price appreciation. Another BTC rally should have a great positive impact on GBLC as well. Do you think this stock can break its last high of 49 cents this year? Comment your opinion below. And don't forget to follow me on TradingView for further updates and more crypto related analyses. Disclosure: The author holds shares of GBLC (Graph Blockchain) stock discussed in this idea. Disclaimer No Investment Advice Provided Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Post/Idea or in connection with it are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice. This Post/Idea should not be relied upon as a substitute for extensive independent market research before making your actual trading decisions. Opinions, market data, recommendations or any other content is subject to change at any time without notice. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information. I do not recommend the use of technical analysis as a sole means of trading decisions. I do not recommend making hurried trading decisions. You should always understand that PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
GLong
by kkarmayogi
12