Shiba Underlying StrenghtA big Hidden Bullish Divergence spotted on the Daily Time frame, signaling a trend continuation.
Divergence on bigger time frame are important and significant, just have to find the Top or Bottom and in this case, I think Shib found the bottom of the divergence(Spot the textbook holding line). It has been a healthy Dip by the way.
On the MACD ..the bars will soon print green and also the blue line is about crossing signaling strength.
With the recent strength shown by BTC . might all Shiba needs to breakout.
A good 1:5 Risk to Reward Ratio..You dont see this everyday..
NB: Not a Financial Advice. DYOR
Happy Trading
Bullishhiddendivergence
Bullish Hidden Divergence vs Bearish Hidden DivergenceHere is an explanation on the Bullish and Bearish Hidden Divergence concepts
Rules are as follows:
Bullish Hidden Divergence
Happens only in uptrend
Observed on pivot lows
Price makes higher low, whereas indicator makes lower low due to price consolidation. In bullish trend, this is considered as bullish as the price gets a breather and get ready to surge further.
Bearish Hidden Divergence
Happens only in downtrend
Observed on pivot Highs
Price makes lower high whereas oscillator makes higher high due to price consolidation. In bearish trend, this is considered as bearish as the price gets a breather and get ready to fall further.
Watch out for breakouts against the trend.
Ripple - Looking To Buy Pullbacks In The Short TermD1 - Price is bouncing higher from a key support zone.
Bullish hidden divergence followed by continuing divergence.
H1 - Higher highs.
No opposite signs.
Until the two strong support zones hold I expect the price to move higher further after pullbacks.
AUDNZD - Looking To Buy Pullbacks In The Short TermD1 - Price is bouncing higher from a strong support zone.
Bullish hidden divergence followed by regular bullish divergence.
H4 - Downtrend line breakout.
Until the key support zone holds I expect the price to move higher further in the short term after pullbacks.
AUDNZD Short Term Buy IdeaD1 - Price has broken above a strong resistance zone.
Higher highs.
Bullish hidden divergence.
H4 - Currently it looks like a correction is happening.
Potential bullish divergence.
Until the two key support zones hold my short term view remains bullish here.
A valid breakout above the most recent downtrend line would be the validation for this bullish view.
EURGBP Short Term Buy IdeaH4 - Price has broken above a strong resistance zone and is currently holding above it.
Higher highs.
No opposite signs.
H1 - Currently it looks like a correction is happening.
Bullish hidden divergence.
Until the two key support zones hold my short term view remains bullish here.
Dollar Index - Looking To Buy Pullbacks In the Short termH4 - Price is bouncing higher from a key support zone.
Bullish convergence.
Expecting short term bullish moves to happen here.
H1 - Higher highs.
Bullish hidden divergence.
Until the key support zone holds my short term view remains bullish here.
EURCAD Short Term Buy IdeaH1 - Bullish convergence.
Currently it looks like a pullback is happening.
Bullish hidden divergence.
Until the strong support zone holds my short term view remains bullish here. A valid breakout above the most recent downtrend line would be the validation for this bullish view.