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Divergence

Polkadot's Bullish Divergence: The Next Big Move?Hey Traders! 🌐 If you've been keeping an eye on Polkadot (DOT), you might have noticed something exciting brewing in the charts. Yep, I'm talking about a bullish divergence that's starting to take shape, and it could be signaling some serious upside potential! 📈 Polkadot: The Powerhouse of Interoperability 🌉 Polkadot isn't just another crypto; it's the go-to platform for connecting blockchains, making the decentralized web a reality. With its unique ability to facilitate cross-chain communication, Polkadot is a critical piece in the puzzle of the blockchain ecosystem. 🧩 Spotting the Divergence 👀 Diving into the technicals, there's a noticeable bullish divergence forming. This is when the price action is moving downward, but key indicators like RSI or MACD are hinting at an upward momentum. It's like the market's saying, "Get ready for a possible breakout!" 💥 Why This Matters 🧐 Bullish divergences can be early signs that the bears are losing steam and the bulls are ready to charge. For Polkadot, this could mean we're on the verge of a potential rally. If you're in the market for opportunities, this might be one to watch closely! 🔭 Stay Ahead of the Curve 🏃‍♂️ As always, make sure to do your own research and keep an eye on the charts. The crypto market can be wild, but with the right insights, you can navigate the waves like a pro! 🌊 #Polkadot #BullishDivergence #CryptoAnalysis #DOTtoTheMoon
CRYPTO:DOTUSDLong
by VVVDestroyer
GBPNZD Bearish DivergenceThe market has responded to a bearish divergence on the 1H chart, leading GBPNZD to pull back from a key resistance zone. After reaching the strong resistance level of 2.12700, the market formed a daily long-tailed bar, signaling a rejection of that level. Given the overall bearish trend and the appearance of a large bearish candle, the market is likely to continue pulling back toward support levels. It may drop further from the resistance zone and potentially break out of the upward channel as it aims to test those support areas. The target is the support level around 2.10500
Short
by RTED_Investing
TURBO Bearish Divergence on 1Wk ChartTURBO Chart 1WK: We have a negative divergence forming on the weekly time frame. If the current candle remains as a bearish engulfing candle by the close of this week (3 days), then it's going down to test the bottom of the channel and those lower wicks. Falling to the bottom of this channel would result in a -31%. Correction. If it breaks the channel lower, then it's going down -80% In a first ever "Utility Bull-Run," how will the meme coins hold up this time, with no utility? This could be like the FTX or Luna Crash 👀
Short
by sir_Cooley
2
AUDCHF IS GOING LONG, TAKE PROFIT IS AT LEAST 100 PIPS AWAYSo here are the reasons for my Bullish Bias - Weekly Bullish Divergence Confirmed - Price rejected off level that was last touched in March 2020, the rejection candle on the weekly was 200 pips - Head and Shoulders Divergence spotted on the Daily, this particular Divergence is almost undefeated in terms of directional bias - Market structure has been broken to the upside on the Daily. I see price going to at least 58.800.
Long
by comcastpatty2013
Could EUR/GBP see .8500 and Below?! Here I have EUR/GBP on the 1Hr Chart! We can see that following the 3rd Divergent High @ .86248, price makes a steep Decline breaking the Previous Higher Low @ .85757 and creating a LOWER LOW @ .85496 turning this once Uptrend into a Downtrend! After the New Low is created, we see price makes a textbook Retracement back to the 61.8% Fibonacci Level @ .85783 which happens to test the previous Higher Low to then proceed back down to close for the week just above the New Low! I believe we could be witnessing the Confirmation of an Elliot Correction Wave coming where based on the ABC method: -Prices' LH correction marking our B Point indicates that based off our Fib Ext Tool, we could see price Decline to the Range Target of ( .8457 - .84282 ) -Price Breaking the A Point will be Confirmation of potential Selling Opportunities *.8500 will be the next area we will see Price wrestle with once it breaks the Lower Low @ .85496 Indicators: -Bearish Reading- - Price is working BELOW my DEMA - Flattening of the 200 EMA - RSI BELOW 50 after creation of LL -BBTrend printing Red Bars
Short
by Novi_Fibonacci
1
Jasmy Weekly Hidden Bullish DivergenceSEED_DONKEYDAN_MARKET_CAP:JASMY has a confirmed hidden bullish divergence on the weekly chart. There is a also a case to be made for a double hidden bullish divergence, although the previous one may have already played out. Hidden bullish divergences are more effective than regular divergences because they are a trend continuation signal. The hidden bullish divergence shows us that even though RSI made lower lows, the price held the gains made in previous sessions (higher lows). In other words: RSI has reset to lower levels, while price is higher, which means the RSI has more room to run up from a higher starting price point. Looking at the broader market, we can say that crypto is still in a bullish uptrend, which only adds to this signal's strength. As a general rule of thumb; the longer the timeframe, the more significant the signal. The weekly timeframe is a LONG timeframe, so this confirmed hidden bullish divergence for #JASMYUSD can be considered as a very strong signal to go long or to add to your long-term spot positions. Furthermore, there is a case to be made for a clear corrective A-B-C structure since the recent highs around $0.044. If this is the case, than expect #JASMY to run hard and fast once the market regains strength.
COINBASE:JASMYUSDLong
by couldntcomeupwithone
(Update) !!! Daily Chart Analysis : Bull or Bear ? (READ)BINANCE:ADAUSDT The price is at the bottom of the megaphone and at the same time it is in an ascending wedge, and after the wedge is broken, the price can grow well. Also, divergence in MACD makes this signal stronger. ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
1
Cup & Handle Forming!! - GUHere I have GBP/USD on the 1 Hr chart! Price dipped down into the Support Zone that was recently used in the beginning of July making its Low @ 1.2707! Afterwards, price came right back up to make an Equal High @ 1.28404 forming quite a popular Reversal Pattern, the Cup & Handle!! Now this PA formed the "Bowl" and after the Equal High, using the Fib Retracement Tool, we can see Price made a 61.8% Retracement beginning the formation of the "Handle"! This Higher Low tells us that if this Fib Retracement holds, we could be seeing the end of this Downtrend and the beginning of an Uptrend to the Potential Range Target of 1.29992 - 1.30502! - Bullish Divergence @ Support - Violation of Structure from LL to HL - RSI ABOVE 50
Long
by Novi_Fibonacci
4
#GBPCAD bearish scenarioBearish divergence in the 4H timeframe, as well as price failing to create a new high, shows potential weakness in the uptrend. Furthermore, from an Elliott wave perspective, it seems like we are at wave 5 of 5, with a high potential for a bearish move from here. In the 1H timeframe, we can see that the price managed to break below the previous higher low, successfully changing the structure towards bearish in the 1H timeframe. Let me know if you would like me to publish an analysis in a lower timeframe on this chart to take advantage of this rally.
Short
by mohemati
6