Natural Gas Long Opportunity5 waves down is completed with diverging RSI, chance for a reversal uptrend. The plan is to open long positions if break the two lines:
1st at 1.885( breaking the wave 4 high)
2nd at 2.035 (breaking the wave b high, inside wave 2)
Stop loss at 1.470.
You can choose to manage the positions by your own money management.
The first target is at the resistance level coincides the wave (4) but expect higher in longer run.
Wave count is invalid if break bellow 1.470, cheerss.
Hidden Bullish RSI Divergence
LINK/USDT - time to take profit on your shortsPrevious short idea:
LINK/USDT has retraced 30% without a proper bounce yet and is currently sitting close to the bottom of the uptrend channel and on the 4 hour 200 MA.
We can see hidden bullish divergence on the RSI which usually indicates a good spot to re-enter in an uptrend.
The LINK/BTC pair shows it right on the upper trend line of the previous uptrend channel and is very close to a previous point of resistance (36k-37k sats) which now acts as support.
Bears seem to be too greedy right now so I expect a bounce soon, risk-reward is solid at this point.
In the case of BTC shitting the bed it's likely that this trade will become invalid, consider exiting if 1-2 candles close below the uptrend.
Buy zone: green area
Silver Hidden Bullish Divergence on Silver,
There was a big sell yesterday on Silver but price created a higher low showing strength
As we an see on MACD number of sellers increased but price rested just above the 18 dollar mark .
S/R Flip| Hidden Bullish Divergence| Holding EMA’s| Scale InEvening Traders!
Welcome to today’s update, focusing on XRPUSDT pairings, which is testing a critical support zone with an evident hidden bullish divergence.
Points to consider,
- Consecutive higher lows in place
- Testing structural support (.382 in confluence)
- Local resistance to break
- EMA’s holding price
- RSI diverging
- Stochastics in lower regions
- Volume below average
XRP’s immediate trend has put higher lows, now currently testing structural support which must hold for a confirmed S/R flip. The structural support is in confluence with the .382 Fibonacci, signalling potential buyers stepping in.
Local resistance is first target in this trend, XRP can range bound trade from structural support and local resistance. The EMA 26, must hold to avoid a bearish cross, it is important to note that it is also in confluence with structural support.
RSI is clearly diverging from price confirming the hidden bullish divergence that is coming to fruition. The stochastics is currently in the lower regions, it too is diverging, putting more emphasis on the bullish divergence.
Volume is currently below average, it will require an influx if the S/R flip holds true, volume will play a role in either direction.
Overall, in my opinion, XRP is testing an important structural support with EMA’s in confluence. It is probable to see a push into local resistance due to the hidden bullish divergence.
What are your thoughts?
Please leave a like and comment,
And remember,
Beginner’s luck often stifles growth. Losses and failure are good for you.
Bitcoin Hidden Bullish Divergence - Love story?Please support this idea with a like, it's easy and FREE so why not?
BTCUSD is at a very big resistance area but there is something interesting that we must pay attention to. Look what RSI (Daily) did before every big upward movement. We formed a Hidden Bullish Divergence. Higher lows on price and lower lows for RSI. This is something that we don't see very often for Bitcoin.
I am currently in a short with a tight SL above the previous wick at the weekly level of $9556. If price close above that weekly on the daily TF I will be looking to enter a new long after price retrace to that weekly level which might act as support.
Please let me know what do you think about this in the comments below.
Have a beautiful day traders!
Dash Long Term TrendShow cased by Mitch Ray.
Good morning ladies and gents! Dash has been in an overall uptrend since its listing. We are finally at the bottom of that trend where you'd expect price action to reverse. I am in strong belief that come q4 and or early of next year, some of these alts showing daily and weekly bullish divergence will start seeing a reversal in the trend back to the upside. The Gaussian Channel has not turned teal yet! Not good!
We are currently sitting outside of the trend just barely. We haven't seen in follow through price action as of yet and you the main importance here, is we haven't broken critical support yet, but we are currently sitting at it. Breaking it, could be extremely ugly. Their are supports on the smaller time frame, but you have nothing until like $17 from that wick all the way back from our first bull run on the weekly time frame. So, we need to start rallying above the support we are sitting at and get back into that long term trend we have been in or it's going to get real ugly, especially if bitcoin starts getting to lower prices between $6800 and $7400 (7200 being the .618).
I don't think for a long term position, it is a lot safer to take a position where we're at than if we were at the top of the trend.
You are showing Weekly Hidden Bullish Divergence on the weekly MACD as well as Bullish Convergence on the RSI. Stops need to be placed carefully and I recommend having exit targets in play.
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VIB/BTC - hidden bullish divergenceWe see in this chart that there is a hidden bullish divergence.
Also we see a nice uptrend on the RSI and it tries to break trough the ichimoku cloud.
When it will break the ichimoku cloud I think we will get to the resistance level (start ichimoku cloud) on the daily (245).
Nice place to take a position.
position at - 196
Stop loss - 185
profit take - 235 (20% profit target) - you can also take the ichimoku cloud on the daily 245 but don't miss the profit!
BCH Bullish DivergenceTripple bottom formation on 1hr chart.
4hr chart is looking to make a turn around soon.
If this price rise happens, look to the 1D chart for a near drop in price possibly breaking $300 resistance.
Influx of volume today will confirm or cancel out this forecast.
______________________________________________________
Bitcoin and other cryptocurrencies are a very speculative investment and involves a high degree of risk. Investors must have the financial ability, sophistication/experience and willingness to bear the risks of an investment, and a potential total loss of their investment.
Information provided by King Midas is not intended to be, nor should it be construed or used as investment, tax or legal advice, a recommendation, or an offer to sell, or a solicitation of an offer to buy, an interest in cryptocurrency. An investment in cryptocurrency is not suitable for all investors.
WAN/BTC -> Correction after bullish move + Hidden bullish Div!WAN is busy with a correction and it seems like it has found his support level.
Also we seen a Higher Low created and a strong/big Hidden Bullish Div.
Position:
Take your position over here (2665)!
Stop loss:
Put in a stop loss below the last Higher low (2570).