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Bullish Divergence

Is SKLBTC beginning a breakout?SKLBTC looks to be trending fairly positively over the past few days. On March 9th, 2021, both SKL and MATIC prices increased greatly as they were added to Coinbase. Now MATIC started a breakout a few days ago, is SKL next? A few weeks ago, it initially looked like this pattern would form a descending triangle and turn bearish , but instead with the latest bitcoin dip, a descending wedge has formed instead (red lines) and looks like a breakout may occur soon. Additionally, it looks like a bullish Gartley pattern also formed around the same time as the dip, further indicating a potential reversal (as indicated by the blue lines). These bullish scenarios look further confirmed by bullish reversal divergence on MACD as it begins to trend to the positive side (red dotted lines) . However, no pattern is guaranteed, and there is still a bit of confirmation needed, particularly with regard to volume , but it definitely looks to be a trend to keep an eye on. And as always, this is not meant as any type of financial advice and is solely my opinion. But as always, please like or comment if you agree or see anything that stands out differently.
Long
by crypto_trends
4
BTC - H1/M15 - TENKAN-SEN CROSS OVER KIJUN-SEN !H1 : As mentioned yesterday, a potential bullish divergence should not be overlooked ! Indeed, a bullish divergence took place and triggered a recovery, reaching the 50% Fib ret @ 54'439. A "weak" BUY signal has been detected but from current levels, the upside potential looks pretty limited, possible, towards the clouds resistance area (61.8% Fib ret around the top of the clouds !) M15 : The H1 bullish divergence @ 52'379 has been confirmed by a long white candle (bullish engulfing) which put the BTC in a uptrend channel, facing a first resistance area (clouds), staying for a while in the clouds and then breakout on the upside. Currently in the lower part of the bullish channel (below the middle line) Technical indicators looks tired and are showing some reversal signs CONCLUSION : As already mentioned, due to the high volatility seen on the BTC, it is absolutely crucial to monitor very carefully very short term time frames in order to catch early signs of reversal in one way or the other !!!
BITSTAMP:BTCUSD
by Ironman8848
8
XRP/USDT - falling wedge breakout imminentXRP/USDT is close to the tip of a falling wedge and looks like it's about to break out. Strong bullish divergence on the last drop and the current price action looks very bullish, price already moved over the downtrend and we should see another leg-up within the next few candles. Double bottom on the 4hr 200 MA as well. It's currently showing a very similar pattern as the one it formed before the pump from 50c upwards. Same as always - buy close to the tip of the wedge or buy the re-test after breakout which in this case is now. Good luck and let me know what you think!
Long
by Wolfy_
2
ET, Energy Transfer, Tickets PleaseET, monthly, energy value play: The current monthly bullish engulfing candle patter within the right ellipses appears to repeat an identical, bottom reversal candlestick pattern from 2009 (yellow+orange). Strengthened by the local Adam Eve double bottom , bullish divergence makes case for Fibs targets & the measured move validates 1.272 overhead extension. Get paid along the way. Remember this is the monthly, so the idea here is a slow and low setup with easy risk management and excellent profit exposure.
NYSE:ETLong
by WhoLetTheBullsOut-
AUTO/USDT Update: Another try for a bullish recoveryAUTO did bleed a lot since its listing on Binance. The possibility it starts to recover increase with any additional downswing. Let's see if we get it this time. We even did get a small bullish divergence. But don't read to much into it. Basic rules: - Never buy the top/ATH - Take profit as long as you can - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
ALong
by tumbler55
2
BTC short-term bullish divergenceBitcoin took quite a wallop in the past 24 hours hitting near the expectations near 46-48K I had mentioned last time, but it now looks to be showing some signs of relief at least in the short term. The downtrend channel looks to be solidifying itself more from what I can tell (red lines on price) and looks to be demonstrating a slight bounce based on bullish divergence showing on RSI (red line on RSI). If this continues, a slight retracement should be expected to above 50K. As to how far beyond still remains to be seen. Daily RSI and MACD are telling a different story with a negative trend forming with a potential for further downtrends expected, but I don't think any conclusion can be determined just yet until the current retracement completes. It is unlikely the price will surpass the current channel tops beyond 55-57K in the next few days, but it seems more likely that the price enters sideways movement for a week to near 52K and also likely that a few more dips are possible in the short term (with the potential to dance around 45-48K or later to near 43-45K if the retracement only lasts a few hours/days). It should be interesting if the current channel holds for the next week, but if the bearish trend continues, it looks like there are still some downward possibilities if the price heads sideways here in the next few days, potentially forming a double bottom or beyond if the downward trend extends beyond next week. At least for now though, support looks to be strong around the 46-48K prices, so it should be interesting to see how long that might be the case. Please like if you agree or comment with your thoughts as I'd love to hear them!
BITSTAMP:BTCUSD
by crypto_trends
Bullish Divergence Watchlist. LABU. Is there any particular setup people would like to see me posting consistently? I don't want to leave people behind when I start doing something different. And you would be helping me too because it's always beneficial to make sure the fundamentals are solid. If you have a concept you'd like me to work through please leave a message below. No one is asking me to do anything at this point in time so you would be first in line. I get tired of bossing myself around sometimes. Sometimes though, ok, please let's keep it civil if at all possible.
AMEX:LABULong
by emehoke
7
LINK/BTC - major move ahead | falling wedge close to breakoutLINK/BTC is moving closer to the tip of a big falling wedge which formed over the past two months which meant it under-performed against most bulls expectations and ranged between 26$-32$ during most of that time which made for a frustrating experience for bulls while the rest of the market boomed. Now the falling wedge is nearly completed and the closer it moves to the tip the more likely and volatile the breakout becomes. 47k / the mid-40k sats range has acted as strong support so far as it was prior resistance of the previous low which formed between December and January. We can see bullish RSI divergence on most time frames since the low on the 15th of march and if LINK manages to bounce from here it will also have formed a double bottom. There is still the possibility of it dropping down into the 44-46k sats range to test the lower trend line and 0.786 fib-level again while keeping the setup intact so if you decide to use a stop loss keep that in mind and use it as a buying opportunity. Buy zone: 44k-52k / tip of the falling wedge or re-test of the upper trend line after breakout (see chart) Targets: 62-66k / 85k, targets higher than that will have to be evaluated once there's more info on the chart and I'll post an update if that happens Fundamentally Chainlink is one of the strongest projects on the market and every solid long-term portfolio should include at least a bit of LINK in it in my opinion. Chainlink is one of the 5 new coins included in Grayscale's Trust and compared to all the other coins they added which ran up to 50-100%+ since the news hit, LINK hasn't had a proper pump yet which makes me even more bullish for the future and confident that we're currently presented with a good buying opportunity. Best of luck and let me know what you think!
Long
by Wolfy_
2