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Bullish Divergence

📈 Bullish Divergence & Support Zone Entry 🚀📊 The Relative Strength Index (RSI) is showing a bullish divergence, indicating potential price reversal. 💪 The price is currently in the support area, optimal entry point for the trade. ⛔️ Place stop loss below support area to avoid fake-out. 🎯 Take profit below resistance area for a 1:2 risk/reward ratio. #TradingView #TechnicalAnalysis #BullishDivergence #SupportAndResistance #TradeSmart #TradingStrategies #StockMarket #Forex #CryptoTrading #Bitcoin #BTC #InvestingTips #TradeSignals #FinancialMarkets #MarketAnalysis #PriceAction #TraderCommunity #Charting #RSI #TradeSetup #ProfitPotential #Cryptocurrency #BitcoinAnalysis #BitcoinTrading #CryptoInvestor #CryptoSignals #DigitalAssets #Altcoins #BlockchainOpportunity
Long
by A638
Unity. Inverse Head and Shoulder forming. + Bullish divergenceHey folks, Another Inverse Head and Shoulder pattern with bullish divergence. My favorite pattern to trade, especially on these longer time frames. I am also noticing micro h and s patterns within in the smaller time frames on various stocks. Besides the lackluster market response to its AI features, U hasn't had a whole lot going on fundamentally, noteworthy at least, but I'm picking up on the metaverse trend building steam again. This one is a great metaverse play. I'll lock in profit accordingly. Around $42, $58, $65 and save some for all mighty $100 liquidity zone. I think mid July could see some nice action. Happy trading! OnePath
NYSE:U
by OnePath
6
Bitcoin Breakout Today?On the hourly timeframe there are some small developments with bitcoin that are nonetheless deserving of one's attention. Just prior to the weekend, BTC put in a low, followed by a dramatic move to the downside which put in a lower low. However, if we look to the Relative Strength Index, we can see that a low was also put in but after that, a higher low was painted. This of course would be referred to as bullish divergence. Over the weekend, while trading volume is low, the price simply consolidated sideways but the question now is are we due for a move to the upside off of this divergence on the RSI, or was the consolidation it? The price around 30450 has been stubborn resistance as we have tested it 3 times now since the divergence was put in. This of course is bearish, but... levels, as they are tested over and over again, typically break and give way the more they are tested. And if this level were to finally give in, it would not be a surprise to see a run to 30833 occur. This would be a nice target area for profit taking. But if 30450 can flip as support theres reason to believe that an attempt to push even higher would be in the cards. Keep an eye on this as the new trading week gets underway today. We have been ranging sideways for a while now but theres no reason one cannot capitalize on the opportunities that present themselves until this range is finally broken.
COINBASE:BTCUSDLong
by TradeVibez
IOTA: Bullish Butterfly RSI Bullish Divergence (Final Fib Level)IOTA is currently sitting at the 1.272 PCZ of a Bullish Butterfly and this 1.272 extension happens to be the last positive Fibonacci Extension on the linear scale, meaning that this is probably the least risky area possible to buy IOTA and perhaps aim for much higher levels, even as high as 1–2 dollars. Given how tight the entry and price action are, I think as long as it holds above 15 cents, we could see it go for some major Bullish targets.
Long
by RizeSenpai
1
PROCTOR & GAMBLE IS SOON TO SEE GOOD TIMES AHEADTECHNICALS - HIDDEN BULLISH DIVERGENCE - Procter & Gamble has formed a nice Positive Divergence or Hidden Bullish Divergence pattern on the Monthly chart indicating upside momentum on the chart STRONG SUPPORT LEVEL It has also Reversed Twice from a Strong Support zone which had earlier acted as Resistance level indicating further upside potential for the stock REVERSAL FROM 50D SMA It has also tested 50 Day Moving Average and has reversed from it nicely FUNDAMENTALS - NON-CYCLICAL STOCK - It is in the sector of Consumer Non-Durable Goods (healthcare & hygiene) which is an all-weather sector making the stock immune even to the upcoming recession (if it comes at all) EBITDA & NET PROFIT - Its EBITDA & Net Profit Margin growth stands at 24% & 17% which beats almost 90% of its peers and ROE is at 31% which is the industry standard DIVIDEND YIELD - If that's not enough then the stock also gives a dividend with yield at 2.72% and it has paid dividend for 133 years and raised dividend for 67 consecutive years, what could be a better alternative than such a stable dividend paying stock during the upcoming downturn in the market (if it comes)
NYSE:PGLong
by peace_lover