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Divergence

Follow-up on divergence created and move upward As discussed previously, we saw clear divergence on 15min chart and after testing patience of bull by doing one more lower low on price chart price has indeed moved up. This is the usual trick, they took out retail longs and their stops, this is the area to be careful, see doing analysis is not hard, having patience and deep enough pockets to follow the analysis is hard. haha So what's next? As market on chart, we can expect price to move ahead, we have already taken out and travelling well above daily vwap, we are just around weekly, so that should be crossed too and eventually monthly vwap crossover is possibility. Where is the target? Primary target I'm expecting is 28400 We may hit 30k before having significant enough correction though. Till then, trade away the ranges, although they are large ranges due to BTC volatility. Just be careful and trust your own analysis.
INDEX:BTCUSDLong
by Pratik_4Clover
1
What do you think about USDJPY ?USDJPY Trade Signal Timeframe: 1H #Forex #USDJPY #TechnicalAnalysis #CryptoSignal #TradingOpportunity #Divergence #TradingSignal #TradingwithBelieve #NASDAQ #USTECH Hey traders! 👋 Let's dive into a potential trading opportunity on the USDJPY pair using technical analysis. 📊 📉 Previously Bearish Trend: Firstly, on the 1H- timeframe, we've been witnessing a Bearish trend in the USDJPY pair. 🐻 🔄 NO Divergence on HH (Higher High): However, it's crucial to note that recently, we have started to observe a no divergence pattern on the HH (Higher High’s). This is an important signal that the Bullish momentum might be weakening. 📉🔄 📊 Trade Opportunity: Currently, we are looking at a potential trade opportunity with a Bullish bias. 📈 Entry Price: 149.297 🎯 Stop Loss Level: 148.698 🚀TP1: 149.9280 🚀TP2: 150.543 💰 Investment Advice: Please remember that trading carries risks, and it's essential to have a well-defined trading plan, proper risk management, and stop-loss orders in place. This analysis is for educational and informational purposes only and should not be considered as financial advice. Make sure to do your research and consider your risk tolerance before entering any trade. Happy trading, and may the pips be in your favour! 🚀📈💰 #HappyTrading #ProfitOpportunity #TradeSmart #CryptoSignal #StockSignal #TradingwithBelieve
Long
by TradingwithBelieve
2
GBPNZD Trade will Bullish or bearish ?GBPNZD Trade #Forex #GBPNZD #TechnicalAnalysis #CryptoSignal #TradingOpportunity #Divergence #TradingSignal #TradingwithBelieve #NASDAQ #USTECH Hey traders! 👋 Let's dive into a potential trading opportunity on the GBPNZD pair using technical analysis. 📊 GBPNZD was trading under declining trendline and recently it seems like the sellers are bit exhausted then bulls took the charge and break through declining trendline. Currently the price has given the breakout from falling trendline and now forming a local support around 2.04 region. Will the bulls take charge again continue for leg higher? 📉 Previously Bearish Trend: Firstly, on the 1H- timeframe, we've been witnessing a Bearish trend in the GBPNZD pair. 🐻 🔄 Divergence on LL(Lower Low’s): However, it's crucial to note that recently, we have started to observe a no divergence pattern on the LL (Lower Low’s). This is an important signal that the Bearish momentum might be weakening. 📉🔄 📊 Trade Opportunity: Currently, we are looking at a potential trade opportunity with a Bullish bias. 📈 Entry Price: 2.04643 🎯 Stop Loss Level: 2.04000 🚀TP1: 2.05373 🚀TP2: 2.06041 💰 Investment Advice: Please remember that trading carries risks, and it's essential to have a well-defined trading plan, proper risk management, and stop-loss orders in place. This analysis is for educational and informational purposes only and should not be considered as financial advice. Make sure to do your research and consider your risk tolerance before entering any trade. Happy trading, and may the pips be in your favour! 🚀📈💰 #HappyTrading #ProfitOpportunity #TradeSmart #CryptoSignal #StockSignal #TradingwithBelieve
Long
by TradingwithBelieve
ASX200: Thoughts and AnalysisToday's focus: ASX200 Pattern – Support/ Regular Divergence Support – 6885 Resistance – 7000 - 7070 Thanks for checking out today’s update. Today, we have run over ASX200, breaking down the overall price picture, levels, and patterns and incorporating moving average and RSI into the analysis. Interest today starts from the support hold we are watching from 6885. This lines up with the bottom of the overall range. We can also see regular divergence forming with price holding at this support point. This could set off a new rally that could get back up to test 7000. If this level of support breaks and price closes below, this could break the range and set off a new overall downtrend. Are stocks a bit oversold at this point? Keep in mind we have US employment data due out this Friday. Have a great day and good trading.
EIGHTCAP:ASX200Long
by Eightcap
TSLA - Price action and Volume are trending oppositelyBased on analysis of Price Action and Volume together, we can see that current volume is trending higher while the Price has Red TrapZone formed. Therefore there is NO VALID Trade Bias. Price action analysis is performed by TrapZone Pro. I published a "Volume Only" analysis using the Unusual Market Volume Detector as well to form a contrast. Price action only tells one half of the story, the other half is Volume. So when we put both together we get the complete picture.
NASDAQ:TSLA
by SnowflakeTrader
🟥 Divergence on NAS vs Stocks above 200D - cautionI have spoken about this since begining of the year but now it materializes nicely. The market has never survived narrow niche rallies and this has never been the characteristic of a bull market. As you see the Nasdaq Composite has started to pull as the percent of stocks above their respective 200 D Moving average is well below 40%. To be confident that we are really oversold I would like to see the TVC:VIX go to above 25 on this pullback. Caution is advised.
NASDAQ:IXICShort
by TintinTrading
Bullish divergence in ETHBTC 📉📈❓🔍Here we are looking at the price indexed to 100. 🟢We have a descending rising wedge, with a bullish divergence: price falling, with the SMI (Stochastic Momentum Index) of the PVT (Price Volume Trend) rising. 🔴Could price revisit the 0.5 Fibo retracement in the final breather? It could, but I think it's unlikely. In any case, I traced this possibility using the white line. 🟢Furthermore, we have other divergences, if we consider the TOTALDEFI index:
INDEX:ETHUSDLong
by andre_007
Emerging Market Fund (EEM) Turns the corner against NasdaqIntroduction Since the 2008 Financial Crisis NDX has been “the” trade for anyone looking for easy gains in equities. It has stomped out precious metals, emerging markets and the like. Even crypto powerhouses like Bitcoin and Ethereum are sideways against NDX since the 2018 crypto bear market and smaller alts have been clobbered against NDX in the most recent bear market. Against all this we now have the Emerging Market ETF, EEM, turning technical corners against NDX on the monthly time frame. This idea is more of an investing idea rather than a day or swing trade idea. And it point to finding entries into EEM. Main Chart The main chart has a very simple draw. It takes a bearish fib draw from the all time high to the bull trap low. The gavel shows where price returned to the 1 line and previous support was turned into resistance. From there the pair bear market began in earnest. Price consolidated for about 3 years on the 2.618 level before continuing downward. That leve is also confirmed by the VPVR. We see similar levels of consolidation at the 3.618 an 4.0 level. Price is currently just bounced of the 4.618. Conceivably price could go and hit a 5.0 extension with the divergence indicators showing bullishness n the monthly chart I don’t see that being a likely scenario. Divergence Primer Normal Divergence (Trend Reversal) Bearish: Higher highs on price action but lower highs on the indicator Bullish: Lower lows on price action but higher lows on the indicator Hidden (Trend Continuation) Bearish: Lower high on the price action and higher highs on the indicator Bullish: Higher low on the price action and a lower low on the indicator Divergence Indicators The RSI, Stochastic and Stochastic RSI are some of the first indicators traders learn about when they begin to trade. There is a lot of value one can get out of their use by mastering the fundamentals rather than running off for more esoteric indicators. The Logrithmic MACD is a advanced look at the MACD that can be useful whenever you look at a underlying asset that is best viewed logarithmically for its charting and targeting. Relative Strength Index A very simple indicator for looking for divergences. The chart clearly shows that there have been 2020 we have had two lower lows on price action but two higher highs on the RSI. This is clearly normal bullish divergence and suggest a trend reversal is coming. Even more importantly the RSI has climbed its way above the key level of 25 on this most recent bounce. One of the main things I am looking for is a swing low with hidden bullish divergence. A buy of a low with hidden bullish divergence is one of my most preferred buys for trades and investments. Stoch RSI The Stoch RSI is derived from from the RSI and helps confirm any divergences on the RSI. Seeing bullish divergence on the Stoch RSI helps confirm the fact that price action is turning the corner and ready to reverse. This indicator will be useful when combined with the EEM chart to help buy pull backs. It will also be useful to see any further bullish divergences. Log MACD The log MACD is undulating below zero Despite any bullish divergence we see we can know we are a long way away from seeing an impulse move upward on EEM/NDX while the LMACD is below zero. If we see the LMCAD with bullish divergences above zero then we can know that the move will be a lot more impulsive. As it stands, this is still time to accumulate EEM against NDX. EEM EEM has hidden bearish divergence on the 2020 C19 low to the low of October 2022. I am going to be looking for another low shortly to see what divergences can be seen. I hope to buy in against or below the monthly BB. Another look with fewer indicators and some ambitious trend lines. Conclusion There is a lot of noise about financial resets and that can mean a lot of different things. For me, nothing totally resets but there are transition periods of major rotations. With emerging markets so low against the NASDAQ it seems likely they will benefit from rotation as people sell something that is overvalued (NDX Stocks, other US equities) and try to move into things that are comparatively undervalued. A look at EEM is looking for a investment that can be held perhaps for decades or until some young’un wants to retire. There is probably a lot of consolidation and accumulation that needs to occur before any big move happens. But when it starts to move it should be quite impulsive for a index. But for now, lots of basing out and dip buying.
AMEX:EEMLong
by This_Guhy
2
NASDAQ Trade Signal Timeframe: 4HNASDAQ Trade Signal Timeframe: 4H #Forex #NDX100 #TechnicalAnalysis #CryptoSignal #TradingOpportunity #Divergence #TradingSignal #NASDAQtradingsignal #NASDAQ #USTECH Hey traders! 👋 Let's dive into a potential trading opportunity on the NDX100 pair using technical analysis. 📊 📉 Previously Bullish Trend: Firstly, on the 4H- timeframe, we've been witnessing a Bearish trend in the NDX100 pair. 🐻 🔄 Divergence on LL (Lower Low’s): However, it's crucial to note that recently, we have started to observe a divergence pattern on the LL (Lower Low’s). This is an important signal that the Bearish momentum might be weakening. 📉🔄 📊 Trade Opportunity: Currently, we are looking at a potential trade opportunity with a Bullish bias. 📈 Buy Level \ Entry Price: 14600 🎯 Stop Loss Level: 14501 🚀TP1: 14700 🚀TP2: 14760 💰 Investment Advice: Please remember that trading carries risks, and it's essential to have a well-defined trading plan, proper risk management, and stop-loss orders in place. This analysis is for educational and informational purposes only and should not be considered as financial advice. Make sure to do your research and consider your risk tolerance before entering any trade. Happy trading, and may the pips be in your favour! 🚀📈💰 #HappyTrading #ProfitOpportunity #TradeSmart #CryptoSignal #StockSignal #TradingwithBelieve
PEPPERSTONE:NAS100Long
by TradingwithBelieve
Caution : Hidden Bearish Divergence 🧐📉Understanding Hidden Bearish Divergence: Hidden bearish divergence occurs when the price of an asset is making higher highs, but the RSI indicator is forming lower highs. This creates a discrepancy between price action and momentum, suggesting that the bullish trend may be losing strength beneath the surface. Why Hidden Bearish Divergence Matters: Hidden bearish divergence is a sign of weakening bullish momentum, potentially signaling an impending trend reversal or correction. It can be subtle and easy to miss but may be an early warning of a trend shift, especially on longer timeframes. Proceeding with Caution: If you spot hidden bearish divergence on the Bitcoin chart, it's essential to exercise caution rather than panic. Consider it as a potential indication that the bullish trend may be losing steam, not an immediate sell signal. Confirm your analysis by looking at other technical indicators and market factors. Risk Management and Strategy: Implement effective risk management strategies, such as stop-loss orders, to protect your investments. Diversify your portfolio to spread risk and avoid overexposure to a single asset. Be prepared to adapt your trading strategy based on evolving market conditions. The Bigger Picture: Remember that hidden bearish divergence is just one piece of the puzzle. It's crucial to consider other factors like market sentiment, fundamental analysis, and macroeconomic trends. Stay informed about news and events that can impact the cryptocurrency market. Conclusion: Hidden bearish divergence can be a valuable tool for traders and investors, providing insights into potential shifts in market dynamics. However, it's not a guaranteed sell signal. Instead, it's a call to be vigilant, manage risks, and stay adaptable in your investment approach. In the world of cryptocurrency, where volatility is the norm, being a savvy investor means paying attention to both the obvious and the subtle signals. By doing so, you can make informed decisions that are more likely to lead to successful outcomes. Remember, a well-rounded approach to analysis and risk management is your best ally in navigating the crypto market's twists and turns. 📊🧐🚀
INDEX:BTCUSD
by AlexWhale
NASDAQ Trade Signal NASDAQ Trade Signal Timeframe: 15-Min #Forex #NDX100 #TechnicalAnalysis #CryptoSignal #TradingOpportunity #Divergence #TradingSignal #NASDAQtradingsignal #NASDAQ #USTECH Hey traders! 👋 Let's dive into a potential trading opportunity on the NDX100 pair using technical analysis. 📊 📉 Previously Bullish Trend: Firstly, on the 15- timeframe, we've been witnessing a Bullish trend in the NDX100 pair. 🐻 🔄 Divergence on HH (Higher High): However, it's crucial to note that recently, we have started to observe a divergence pattern on the HH (Higher High’s). This is an important signal that the Bullish momentum might be weakening. 📉🔄 📊 Trade Opportunity: Currently, we are looking at a potential trade opportunity with a Bullish bias. 📈 Buy Level \ Entry Price: 14807.50 🎯 Stop Loss Level: 14860.4 🚀TP1: 14755.7 🚀TP2: 14702.9 💰 Investment Advice: Please remember that trading carries risks, and it's essential to have a well-defined trading plan, proper risk management, and stop-loss orders in place. This analysis is for educational and informational purposes only and should not be considered as financial advice. Make sure to do your research and consider your risk tolerance before entering any trade. Happy trading, and may the pips be in your favor! 🚀📈💰 #HappyTrading #ProfitOpportunity #TradeSmart #CryptoSignal #StockSignal
SKILLING:US100Short
by TradingwithBelieve
Power of Bullish Divergence 📈Divergence, a powerful concept in technical analysis, has been making waves in the world of Bitcoin trading. Recently, we witnessed a remarkable 90% surge in Bitcoin's price, driven by a bullish divergence pattern on the weekly chart. In this post, we'll delve into the significance of this pattern and explore the potential outcomes of a similar bullish divergence on the daily Bitcoin chart. Weekly Chart Bullish Divergence: A bullish divergence occurs when the price of an asset makes lower lows, while a relevant technical indicator, in this case, the Relative Strength Index (RSI), forms higher lows. In simple terms, it suggests that while the price is weakening, the momentum is picking up, potentially indicating a trend reversal. The recent bullish divergence on the weekly Bitcoin chart was a game-changer, leading to a substantial 90% price increase. Daily Chart Potential: Now, let's shift our focus to the daily Bitcoin chart and what we can expect from a bullish divergence on this timeframe: 50% Potential Gain: While it's difficult to predict exact price movements, historical patterns suggest that a bullish divergence on the daily chart could lead to significant gains. Confirmation Needed: Remember that trading based on a single indicator can be risky. It's essential to confirm the bullish divergence with other technical indicators or chart patterns for added reliability. Risk Management: Maintain a disciplined approach to risk management. Determine stop-loss levels and position sizes based on your risk tolerance. Caution and Patience: The crypto market is known for its volatility. While bullish divergences can be strong signals, they are not foolproof. Be patient and wait for confirmation before entering a trade. False signals can occur, so consider using multiple indicators to cross-verify your analysis. Conclusion: The recent 90% growth following a bullish divergence on the weekly Bitcoin chart showcases the power of this technical pattern. While it doesn't guarantee future success, it provides valuable insights into potential trend reversals. As we look at the daily chart, the prospect of a 50% gain from a similar pattern is intriguing. However, exercise caution, practice strict risk management, and consider multiple factors before making trading decisions. Trading in the crypto market is exciting, but it's also challenging. Stay informed, stay analytical, and remember that a diversified approach and continual learning are keys to success in crypto trading. 🚀📊🧐 ❗See related ideas below❗ Like, share, and leave your thoughts in the comments! Your engagement fuels our crypto discussions. 💚🚀💚
Long
by Yaroslav_Krasko
#GBPJPY Potential upside continuation*please be sure to remember that today we have FOMC meeting and they are going to announce funds rate and their policies for coming meetings with a high possibility of a lot of movement in all pairs. since price rejected from the long term bullish channel upper line, price formed a bearish corrective structure with the possibility of upside continuation in favor of long term price movement. As it can be seen in the chart price struggling with supply area for the past few days and failed several times to break below this supportive area. more importantly today after another failed attempt to break below the support price rejected and formed strong bullish hammer candlestick pattern which can potentially shows buyers strength. Now in order to trade this pair I'm looking for price to fail to go lower than the 4H bullish hammer candle low or break above lower timeframe bearish trendline.
Long
by mohemati