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Bullish Divergence

FILDA Bullish Divergence on RSI Has Lead to Explosive MovesEach time we have seen bullish divergence on the RSI compared with downward sell pressure, we have seen explosive moves up. At the end of May, the price was falling dramatically, printed a higher low on the RSI and immediately rebounded with an 82% move in days. The same thing occurred in the middle of June as well, falling price, higher low on RSI followed by a 170% move in 6 days from the higher low on the RSI. Will be interesting to see how this plays out, but will we get a similar reaction this time? Couple the potential upside returns with 71% APR rewards for staking in the Filda DAO, and this gem could be worth adding some to your crypto portfolio! - CA$HLESS
FLong
by CASHLESSSOCYS
ETH/USD: Bullish Divergence in RSI and price action confirmed!!!I look that Ethereum show us a good entry to make a reversal of the trend buying in the yellow zone where represent the key support in Daily timeframe, but more later I will going to create another interesting analysis in Daly timeframe in Ethereum. I use my old strategy to prove the zones to know in least to use lines, becuase in the past the zones it's get me good result in my trading just analyzing from Daily timeframe. s3.tradingview.com Now, if you look in H8 timeframe, Ethereum forming a bullish hammer, and that will be a good signal that at least Ethereum could to recover the trend to up. I entry in this trade where I put my SL at $1,777 USD and my target will be around of $2,400 USD. In some minutes, I will going to analyze the Daily timeframe
COINBASE:ETHUSDLong
by harisonhbn9718
ETH Correction Coming to an End?Follow up from my last idea. Could this be the end up this massive dip? We are still within the falling wedge on ETH and can also see a bullish divergence on the RSI on the 4HR time frame. MACD seems to be slowly turning up as well if you zoom in(Be be grasping at straws here), as well as the RSI slowly creeping back up. Ethereum seems to have respected the trend line going back to the 28th of February during this massive correction and has bounced perfectly from the trend line from the 25th of March on the 14th of July. We may see some more potential downside before we go back up again but, going off of the both of the trend lines I don't think we will see under $1800 unless the market actually crashes which most people seem to be expecting. Going to wait for more confirmation before going long again though, these red candles are scaring me. Let me know what you think and if you have any ideas on what might happen :)
COINBASE:ETHUSDLong
by ryan_fw
2
Bitcoin appears to be trading in a bear flag!In dark blue, you can notice a bearish flag pattern forming with multiple bounces off the horizontal baseline of support and what appears to be a series of lower highs underneath a downward sloping resistance line. A possible Macro H&S pattern would coincide with a blow-off top at the launching of Goldman Sachs bitcoin futures contracts, similar to late 2017 CME BTC futures contracts calling the tippy top. I have drawn a bearish hypothetical scenario in red. On the RSI there is a series of higher lows indicating a potential bullish divergence taking place. A bullish divergence occurs when prices fall to a new low while an oscillator fails to reach a new low. This situation demonstrates that bears are losing power, and that bulls are ready to control the market again—often a bullish divergence marks the end of a downtrend. On the KST there were recently two bullish crosses and it looks like a higher high may be created for the first time since the blow-off top in March/April.
COINBASE:BTCUSD
by ScotianBot
4
Gold Misleading RSI Bullish DivergenceGood day guys! It has been a few days since my previous post. Those who follow me know that I am a long term trader, so when I enter a position, I look to hold that position for days at a time. On the chart, I wanted to show you what I found in common with all these positions I entered into as the trends continues downward. There appears to be price action rejecting the trend line/zone, an aggressive move to the downside with price action making lower lows and RSI making higher lows. This brings forth a small rally or price action ranging a bit before continuing to the downside. I am a probabilities and statistics nut, so I do not see why the odds are not highly likely to provide the same outcome. If you notice, price action is slumping over, which is bearish. I teach this in my advance teachings. Gold will have its run to new highs. However, based on the fundamental and fears of rising interest rates, I do not believe that time has come. In other words, "it is too soon." To gain access every time I send out an update, be sure to follow for my technical and fundamental analysis from tradingview.com . Well we do appreciate you for checking out our post and remember, we will see you on the other side. Rodrick Goss (CEO) Third Eye Traders
OANDA:XAUUSDShort
by ThirdEyeTraders
Retry: Bullish divergence on Bitcoin daily Trade #0002Posting the analysis is a bit late, I reentered but had no time to write on Tradingview. I saw the setup becoming interesting again and bought in the 32-33K area. We're above 34,8k now, best to wait on the 4H for a pullback. Otherwise the R/R ratio ain't good. The exit target 1 is a bit higher now. The second target could be considered the same, as 40K resistance is strong. Weekly: MACD-H is ticking up, right now, although candle is not closed. But this Timefame shows MACD Histogram is flattening Daily: There is a bullish divergence and a rejection candle, and this false downside breakout closed above the support line, showing that the market is not ready (yet) to go lower then 30, there is still too much buying interest over there. The Stochastic RSI is crossing and coming from and oversold condition, and is turning bullish right now. Interestingly, we have a bullish divergence on MACD-Histogram, as well as MACD lines, EFI AND there is also a ATR Channel divergence. This is bullish and makes me go long. 4H: 4H chart is up now and strong. Best to wait for a pullack. Afther the bullish divergence, we are at a Higher High now. At the arrow I entered this trade. Perhaps a pullback will bring us back in the lower 34K range Entry: 34,6K (can be bought up to 33,8, so at the moment of this writing we have to wait for that first) Exit: 1: 38,5K 2: 39,9K SL: 31,9K
Long
by Tornado_Trading
2