UK100UK100 was trading in bearish parallel channel and finally breakout of channel with strong bullish impulse and also produced bullish on 4H TF. Will these confluences help the instrument for its bullish trajectory?
Bullish Divergence
Bitcoin - Looking To Buy Pullbacks In The Short TermD1 - Price respected a strong support zone and bounced higher.
Bullish Convergence.
Most recent downtrend line breakout.
H4 - Strong bullish momentum.
Currently it looks like a correction is happening.
Until the two strong support zones hold my short term view remains bullish here.
📉 Downward Channel & Weekly Bullish Divergence on $AXSHey traders! Today, I want to discuss an intriguing chart pattern I've identified on NYSE:AXS (Axie Infinity). Let's explore the downsloping channel accompanied by weekly bullish divergence and assess its implications for potential price action. 📊💡
Pattern: Downward Channel & Weekly Bullish Divergence 📉🔽
Symbol: NYSE:AXS 💰
Overview:
A downsloping channel is a notable chart pattern characterized by a series of lower highs and lower lows. Additionally, the presence of weekly bullish divergence further strengthens the potential for a reversal. Let's delve into the downsloping channel and bullish divergence on NYSE:AXS in more detail. ⚡💹
Key Features of the Downward Channel & Weekly Bullish Divergence on NYSE:AXS :
Channel Formation: Observe the well-defined downsloping channel, which consists of a series of lower highs and lower lows. This indicates a prevailing bearish trend. 📈📉
Weekly Bullish Divergence: Notice the bullish divergence forming on the weekly timeframe, where price creates a lower low while the corresponding oscillator indicator forms a higher low. This suggests a potential shift in momentum. 🚀📈
Trading Strategy:
Entry Point: Consider entering a position once NYSE:AXS breaks out above the upper trendline of the downsloping channel, supported by the confirmation of bullish price action and the weekly bullish divergence. This breakout could signal a potential trend reversal and the start of an upward move. ⬆️💰
Stop-Loss: Implement a stop-loss order below the recent swing low or below the lower trendline of the channel to manage risk and protect against potential downside. ⛔️📉
Target Levels: Identify key resistance levels or previous swing highs as profit targets. Adjust your position size and take profits accordingly. 🎯📈
Risk Management:
Maintain proper risk management techniques, including position sizing, setting stop-loss orders, and adhering to your trading plan. Be aware of the risks associated with trading cryptocurrencies like $AXS. ⚠️💼💡
Disclaimer: Trading cryptocurrencies involves risks, and it is crucial to conduct thorough analysis and seek professional advice before making any investment decisions.
#DownslopingChannel #BullishDivergence #AXS #AxieInfinity #Cryptocurrency #TrendReversal #TradingStrategy #TechnicalAnalysis
In conclusion, the downsloping channel and weekly bullish divergence identified on NYSE:AXS indicate a potential reversal in the making. However, wait for a confirmed breakout above the upper trendline and validate the bullish price action before considering any trades. Stay tuned for further updates on $AXS! 💹🚀
(Note: This post is for informational purposes only and should not be considered as financial advice.) 💡💼📚
Tellurian: Weekly Bullish Engulfing Falling Wedge BreakoutTELL is currently breaking out of a Falling Wedge after confirming a Double Divergence in the MACD at the 0.886 and also Bullishly Diverging the previous week's candle. A break of the $1.55 level could quickly take it back to $6.5, as that will likely also align with the RSI entering back into the Bullish Control Zone.
XAUUSD: Bullish Butterfly with Upside up $2,022Gold has Double Bottomed at the PCZ of a Bullish Butterfly that is visible on the 1 Hour time frame; if it plays out it could go up to at least $1,958 and at most $2,022
Litecoin Short Term Buy IdeaH4 - Bullish convergence.
Currently it looks like a correction is happening.
No opposite signs.
Until the strong support zone holds I expect the price to move higher further after pullbacks.
NLST: Bullish Deep Gartley PCZ at 200 Moving AverageNLST has pulled back to its support trend line and 200 Simple Moving Average which all happens to align with a Bullish Deep Gartley PCZ and it is currently Diverging on Both MACD and RSI and could be getting ready to more than double in value from here.
A quick update on BitcoinThis is a quick video discussing BTC's recent price developments, and what I'm looking for. Cautiously Bullish sums up my current stance.
As always, good luck, have fun, and practice solid risk management.
PEPEUSDTPEPEUSDT was trading in bearish trend and now forming a bullish divergence. As it has already broke through one of the falling trendline which is signaling the buildup of bullish setup.
ARBUSDTARBUSDT has formed bullish divergence and also given the breakout of falling trendline. A breakout of 1.033 level will be a good buying option.
Binance Coin BNB - Going Bull - Last CrashBinance Coin doesn't seem to show the same Bearish patterns as the rest of the Cryptocurrencies.
It appears that it's one step behind on the Bearish Stance.
But can start flying now? YES!
It met all the necessary requirements.
However, if another last bear leg comes, it might as well catch up and reach the Demand Zone in a fast manner.
I'm saying that because when this "thing" drops, it does massive candles.
So, I'm taking my time with BNB .
An awesome level would be $80 , a dream come true for every HODLer out there.
Let me tell you why!
Binance Coin ( BNB , BNBUSD , BNBUSDT , BNBBUSD ) Technical Analysis:
* Elliott Wave Impulse: SuperCycle (a) (turquoise)
* A-B-C Zig-Zag Correction: Cycle Degree (a-b-c (red))
* 88.6% Fibonacci Retracement
* Harmonic Pattern: Bullish Bat
* Bullish Divergence
If that last bear comes, I will add some more to my portfolio.
Moon was just a dream, Mars is a desire.
The real destination: Interstellar.
Stay strong my fellow HODLer.
Richard, the Wave Jedi.
NZD CHF Long Setup in 4 Hr and 1 Hr TF. OANDA:NZDCHF . Price successfully break the Previous L.H and also retest the level now move toward upward to print new H.H
Entry Point and Tp Mentioned in Charts.
Piedmont Lithium continuation of Bullish DivergenceHey Folks!
This is an update to my Head and Shoulders bullish divergence idea.
You can see the double bottom Stochastic RSI and continued price increase. Granted it's not the most bullish divergence, but the H&S pattern at this moment, is more likely to play out than not imo. It's not unusual for price to stray only to come back into the fold in a H&S.
10 avg volume has increased slightly after today.
I don't pay much attention to analyst price forecasts, but in this case the targets are worth looking into and make technical sense to me. In fact I think they are modest.
I'm looking for a 100% return if Piedmont can get their mining permits approved by North Carolina. If approved, PLL would become one of North America's largest sources of lithium for electric vehicle batteries for Tesla and others.
This permit approval also adds an extra measure of risk to keep in mind. Also, there is a bearish case of a gap fill at $11.70 and there is a lot of liquidity in the mid 20's. I think this would be the result of a fundamental upset with the permit.
Price broke March 31 resistance at $60.94 and looks to be retesting that zone. I will update this idea accordingly.
Not financial advice.
Happy Trading!
OnePath
RUM Bullish Divergence detectedSeems to be in a 50/50 holding pattern, but the bullish divergence is keeping me convicted in a move higher.
Price appears more coiled than 2nd week of Feb as well.
Not financial advice.
Happy Trading!
OnePath
AAP Bullish Divergence on WeeklyBullish divergence on Weekly on MACD-H and Stochastic RSI, after the bulish div a first higher low and price rising up.
entry: 149.88
SL: 136,4
TP: 171.4
NKN USDT - Potential Long Setup in 1 Hr TF.BINANCE:NKNUSDT.P NKN USDT. Potential long setup in 1 hour TF. Price shows signs of gaining strength in the next fews hour based on Bullish Divergence.
The entry price and stop loss are mentioned.
NZDUSD Short Term Buy IdeaH4 - Price is bouncing higher from a key support zone.
Bullish divergence.
Higher highs.
H1 - Currently it looks like a correction is happening.
Until the key support zone holds my short term view remains bullish here and a valid breakout above the downtrend line would be the validation for this bullish view.
LINAUSDTLINAUSDT is trading in bearish parallel channel and currently creating support at 0.120 region with bullish divergence. Will the price bounce from this critical level?
Bitcoin Bears In TroubleHello Traders,
As you can see in the chart, at this moment we have Bitcoin facing local resistance, everybody is opening short positions here, so very likely to see a breakout.
You can clearly see an RSI Bullish Divergence in the Chart, this is a very strong signal that usually tells the end of a trend.
If we see a weekly close over 18000$ there is high probability for Bitcoin to reach Major Resistance that is the Neckline of the Double Top pattern printed in the All Time High 30000$.
This level acts very often as a magnet and there is usually high probability for the price to reach it again.
So if we see a weekly close over 18000$ Buy Setup with stop loss at 16800$ and with targets 21000$ 25000$ and 30000$.
I you agree with me a boost is much appreciated and If you have questions or you want to share your feedback I will be glad to answer in the comments.
SUSHIUSDT SUSHIUSDT developed a strong bullish divergence with green candles on chart. if the bullish divergence plays its role then 0.786 followed by 0.840 are achievable targets.
NVDA: Bullish Divergence Preparing to Bring it to $444NVIDIA is showing some subtle MACD Bullish Divergence at the 55EMA while forming a potential Bullish Dragon Pattern that could propel it into a Bullish BAMM which may bring it up to the levels of $410-$444 depending on rather it chooses to be a Deep Gartley at a minimum or a Crab Pattern at the maximum.
GALA Games: Potential AB=CD BAMM Bullishly Diverging at SupportGALA looks like it could be setting up for a double bottom at a local support it's created for itself. During this process it's formed some Bullish Divergence and has given us a potential Bullish Dragon Trend line; if it breaks out I would think this would be the start of an AB=CD movement up to the 1.414 Extension of 7.8 cents
AUDCAD Bullish Divergence in 1 HROANDA:AUDCAD
Bullish Divergence Create in 1 HR TF. We enter this trade little bit late.
AUD More Strong compare to CAD
Same Divergence create AUD USD pair
We only enter this trade due to DXY Bullish.
