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Bullish Divergence

Bitcoin coud be ready to start pumping hardAs you can see in the chart Bitcoin looks very bearish, it has reached the previous bull market high witch is a strong support, but it broke this one and closed a daily candle under it. It has made lower lows but if you look at the Moving Average Convergence Divergence indicator it hasn't reached new pronounced lows while bitcoin has. It has formed a clear triple bullish divergence that is a super strong buy signal and an early sign of trend reversal. In the other side we have a broken support witch is a strong sell signal and i think that it would be difficult for the price to close over 21k in short term. In my opinion is more likely for it to form an accumulation channel between 17500$ and 21000$ and then it will come the strong move. What side? I don't know, In my opinion the mos wise full action is to wait for confirmation and take action. If it closes a daily over 22500$ within this week the reversal could be confirmed but if it fails the failed Moving Average Convergence Divergence triple bullish divergence will turn in a very strong sell signal, and the price will go lower. I will be glad to see what do you think in the comments, if you agree with me give me a like, it helps a lot.
by piccard54
BBGI | Wave Projection Dragon Pattern - Bullish divergencePrice action and chart pattern trading setup > An impulse downtrend Elliott Wave channel with a dragon pattern forming rear legs > possible upcoming bullish divergence signal at the next support 8.00 baht targeting 2.618 extension > Entry @ dragon ridge breakout > Short term target @ previous wave 4 position > Medium term target @ wave 1 and wave 2 position + 15 - 20% upside > RRR: 2:1 for short term and 3:1 for medium term trade Always trade with affordable risk and respect your stoploss
SET:BBGI
by dukeposh
Class A Bullish Divergence COULD be forming on BTC DailyIf BTC continues to dump without a signifiant rally, this will not play out. But if we see a recovery at this point, there is class A bullish divergence forming in the MACD. This isn't reason to believe that the bottom is in and we are heading to new all time highs, but it could be a sign of a significant reversal in the short term. Most likely, I expect that it would meet resistance in the $28.8k region where the previous accumulation structure had support. It would probably see this as resistance, bounce off and dump again, possibly breaking through that holy barrier of the last cycle's ATH. If we were to get back above that level and back into the range of the old accumulation structure then we can start having a new discussion after oscillators get reset. It is hard to be bullish given the macro economic landscape at this time.
BITSTAMP:BTCUSD
by wuliwong
Ethereum_Usdt(Falling Wedge Formation)What the Falling Wedge Tells Us ? The falling wedge pattern is a technical formation that signals the end of the consolidation phase that facilitated a pull back lower. As outlined earlier, falling wedges can be both a reversal and continuation pattern. In essence, both continuation and reversal scenarios are inherently bullish. As such, the falling wedge can be explained as the “calm before the storm”. The consolidation phase is used by the buyers to regroup and attract new buying interest, which will be used to defeat the bears and push the price action further higher. Hence, a falling wedge is an important technical formation that signals that the correction, or consolidation, has just ended as the asset’s price left the wedge to the upside and, in most cases, the continuation of the overall trend is taking place.
Long
by Abudzag83
Bullish divergence on GBP/CAD: Has the pound bottomed out?In recent sessions, a technical bullish divergence has emerged on the GBPCAD pair, with prices reaching fresh lows at 1.575 while the momentum oscillator (14-day RSI) gaining pace, indicating that bears may have lost a bit of steam. As of this writing, the GBPCAD exchange rate is down around 8% year-to-date and 9.5% from its February highs. Since February 22, GBPCAD has been trading in a descending channel pattern, aided by the surge in OIL_CRUDE prices following Russia's invasion of Ukraine, which has served as a tailwind for the oil-linked Canadian dollar. From a macro perspective, inflation in both countries hasn't peaked yet. The annual inflation rate in the United Kingdom ECONOMICS:GBIRYY jumped from 7% in March to 9% in April, the highest level since 1982. Annual inflation in Canada ECONOMICS:CAIRYY accelerated from 6.7% in March to 6.8% in April 2022, the highest since January 1991. The Bank of England hiked its Bank rate ECONOMICS:GBINTR to 1% in May, the fourth straight rise, but also signalled that the UK economy is expected to weaken in the second half of the year due to a decline in real household income. The Bank of Canada raised interest rates ECONOMICS:CAINTR by 50 basis points to 1.5% last week, the third straight increase, signalling that it will raise rates further at its upcoming meeting to combat growing inflation, while the labour market continues to show signs of resilience. However, the market is currently expecting a more aggressive monetary policy in Canada than in the UK, as seen by the yield differential between a 2-year UK gilt ( GB02Y ) and a Canada's Government Bond of the same maturity ( CA02Y ), which fell from near-break-even levels in March to -1.2% at the start of June, mirroring the GBP/CAD's trend. The next Bank of England meeting is scheduled on June 16, with the market expecting another 50 basis point raise. Hawkish headlines might support the pound in the coming days. Meanwhile, the British pound awaits the outcome of Prime Minister Boris Johnson's vote of confidence, which will take place tonight at 6 p.m. in London, despite the fact that the rise in political instability has had little influence on the pound today.
by Capitalcom
XRPUSDT | Wave Analysis - Bullish Divergence | Possible reboundPrice action and chart pattern trading setup > Wave projection - An ending diagonal pattern with a possible technical rebound wave iv correction > Entry@ breakout downtrend channel > Target wave iv uptrend @ 0.386 retracement of wave iii - SMA50 zone > Stoploss at the lower resistance of downtrend channel - downside -10-15% > RRR: 1.5:1 Indicator: > RSI bullish divergence > MACD crossover signal line below center Always trade with affordable risk and respect your stoploss
by dukeposh
C98USDT Ready to break out? Bullish OBV and CVD DivergencesBYBIT:C98USDT Coin98 is currently bouncing off the range POC. If we get bullish price action here and hold this level, we could see a breakout happening. Bullish OBV and CVD Divergences are forming on the 30m and 1hr chart. We also have a massive Falling Wedge pattern. If we break out of the upper trendline, we could see big moves ahead, especially if Bitcoin breaks out and starts heading towards $35000. TP areas in the video as per levels marked on the chart. SL according to your risk tolerance. Not Financial Advice. DYOR. Papertrade before using real money. If this analysis helped you, please give it a thumbs up and follow. Trade Safely, Shawn
Long
by zartraderguy
AMZN bullish divergence with RSI confirmationAMZN on 4H formed a clear bullish divergence with lower lows being formed in price action and higher highs in the MACD. This can also be considered a double bottom. (possible reversal) I was late to jump but entered at 2182.70 and holding especially as RSI crosses the 50 mark and suggests a bullish trend. AMZN has been bearish and for awhile, so will be careful to look out for weakening of this small trend. Planning to hold till either MACD crosses over and/or RSI becomes overbought.
NASDAQ:AMZNLong
by Authar100