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Bullish Divergence

4hr chart h&s has formed. Will bull div keep it from triggering?Considering the h&s pattern is so blatantly obvious while also in a bull market is reason enough to be slightly cautious here... when you throw in the bullish divergence with that (yellow trendlines) the confluence really increases the likelihood of a fakeout...I think it's also probable we could get a breakdown that doesn't reach its full target as well. For now these seem like the two most likely outcomes here. *Not financial advice*
GEMINI:BTCUSD
by DrDovetail
1
GBPCAD Buy Idea Based on Key Support ZonesH4 - Bullish trend pattern followed by a double wave correction. Bullish divergence. We have two key support zones that have formed based on the fibonacci retracement and expansion levels. The first key support zone is formed by the 38.2% fibonacci retracement zone of the bullish trend pattern and the 100% fibonacci expansion level of the first wave. The second key support zone is formed by the 50% - 61.8% fibonacci retracement zones of the bullish trend pattern and the 161.8% fibonacci expansion level of the first wave. Until both these key support zones hold my view remains bullish here.
Long
by VladimirRibakov
GBP/AUD will start the bullish movement?Hi every one BRITISH POUND / AUSTRALIAN DOLLAR GBP/AUD has formed an ascending triangle with 2 regular bullish divergences (+RD) as well! these signals will make the bullish movement more likely to happen we just have to wait for the breaking of the triangle! Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!! Thank you for seeing idea . Have a nice day and Good luck.
Long
by CobraVanguard
14
Bullish Divergence on the MACDBeginner Friendly I love to see bullish divergence on the MACD(moving average convergence divergence) indicator. It usually always makes a bullish cross to the upside :) Bullish Divergence: To put it simple, when price action is making lower lows while the MACD is making higher lows, its considered bullish divergence. This is a good indication that a trend reversal is about to happen. Of course no one indicator is 100% accurate, so make sure to also evaluate the sentiment of the market/stock. I like to pair this indicator with the RSI (relative strength index) to get a better idea on where I should position myself in the trade. For example, lets take this PLTR chart: Price Action is falling (making lower lows) The MACD indicator is rising (making higher lows) There was a bounce off of the support line as the MACD is crossing up The RSI indicator is pretty low indicating that the stock is oversold These make great conditions for a trend reversal. I would only take this trade once the cross is complete because remember, no indicator is 100% accurate. As stated in my previous post, I wont be hopping into this trade until a trend reversal is signaled because the market is too mixed for me. I found a really awesome post that will help you understand different type of divergence's ---> Types Of Divergence Thanks for reading, leave a comment and me know what you think!
PLong
by diamondparker
2
USD/CAD IN COMING DAYSHello every one U.S. Dollar / Canadian Dollar The USDCAD chart has formed a very big falling wedge this means there is a huge pump is coming to the market but only after breaking of this pattern there is also a regular bullish divergence as well(+RD) which means that this signal is much more reliable Note that the indicators shows the future of the market Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!! Thank you for seeing idea . Have a nice day and Good luck.
Long
by CobraVanguard
13
SHR bullish divergence on the dailySHR has only been listed on Kucoin for a few months, and during that time it has dumped alot. The SHR/BTC pair dropped almost 90% from the listing price. We can now see a clear bullish divergence forming on the daily, and we can expect a bounce soon. I have entered here at 35 sats. It is one of the few coins that hasn't seen any gains yet in the current market conditions where alts are popping one by one, and I'm sure that this coin too will soon get a share of the joy. Targets range from 70 sats up to 160 sats and I'd recommend taking partial profit along the way. I don't think a stop-loss is necessary for this trade, although a drop below 34 sats would be a bearish sign, so be careful. Good luck!
Long
by jariii
1