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Bullish Divergence

Vechain Possible Hidden Bullish Divergence!!?Looking at Vechain we have recovered nicely off of the little correction we had and we are starting to push back up towards our previous high at 0.16c shown by red horizontal ray, but the main thing i wanted to discuss here is the very possible hidden bullish divergence that could play out in the coming days/week/s. This pattern is a continuation pattern of the current trend we are in and could keep pushing VET to the upside. Before we get into this possible outcome lets discuss the bollinger bands first, the main thing we notice is the squeezing of the bands which means volatility is shrinking and we are set for an explosive move in a matter of time, now the bollinger bands don't indicate which way but that is why we use other indicators to try and determine that. we are holding the midline quite strong and its looking like we will continue too after todays daily close, and keep in mind with the bands so close to price action a little pump could ignite a massive one if price action grabs onto that top band! Now the hidden bullish divergence, what we are looking for and we are already seeing is higher lows on the price chart which is shown by the green uptrend line and then lower lows on the oscillator and in this case i am using the stochastic RSI, look at the yellow horizontal ray, that line shows our previous low and what we are looking for here is a fall below this level and a creation of a lower low, similar to the path ive drawn on the Stoch RSI, the path shows a likely scenario because we have support down there shown by the green horizontal line, but we could see this play out anywhere inbetween the green and yellow horizontal lines and anywhere in that area would be valid for this divergence! and with the stoch rsi just having a bearish crossover this could play out perfectly, on the price chart we still have a bit of room to fall down along with the stoch RSI we just have to make sure price action keeps on making higher lows which can be seen by following the green uptrend line, if we made a higher low on the green uptrend line that will definitely be enough for the stoch RSI to fall into that zone we talked about and then go on to make that lower low. Now something key here is when we look at the RSI we see that we are falling a bit along with the stoch RSI which is completely normal and we are coming up on the midline in a bit and now this is where the hidden bullish divergence CONTINUATION comes into play, we are currently in an uptrend shown by being above the midline and we want to stay above here when the stoch RSI makes that lower low to complete the divergence pattern and the continuation part goes hand in hand with us being in a confirmed uptrend. And when we talked about having room to fall on both price action and the stoch RSI the same thing goes for the RSI, we definitely have room to fall along with both of these other factors and we can likely see ourselves getting a bounce off the midline which is currently support (as shown by path) and then continue back upwards, it really looks like we could see all of these get that bounce which we need for this to complete the pattern and the beauty is that all these indicators play into eachother and follow eachother so that gives us more hope that this is really going to play out similar to how i have it layed out! Then pair this divergence pattern along with the squeezing bollinger bands and we could definitely have ourselves a huge catalyst for a mega breakout to the upside and a continuation of this uptrend! Not financial advice! If you have any questions don't hesistate to ask i will do my best to explain further and answer in good time! Cheers everyone this is very exciting!
BINANCE:VETUSDLong
by JacobR905
Graph Blockchain GBLC Looks Ready for a Big MoveGBLC weekly chart is looking better with each passing day. Price made lower low, and both the MACD and RSI made higher lows at the same time, which equals a Bullish Divergence on the weekly timeframe. This pattern can be very powerful on the weekly timeframe and could indicate upcoming bullish momentum for the next several weeks. Additionally, the price has now broken out from the downtrend that began in the week of March 8, 2021. Breakouts of large downtrends like this one tend to catapult price higher, so this is also something to be very excited about. On the daily timeframe, price has just risen above the 50 Day EMA, and the daily MACD is just breaking above the zero line. On the 4 Hour timeframe, MACD is firmly above the zero line, and is using the zero line as support to move up. On the hourly timeframe, price is firmly above the 200 Hour EMA. All great signs. Now let's talk fundamentals. Graph Blockchain's wholly owned subsidiary, New World, just launched what it claims to be the world's first publicly traded NFT Marketplace on October 15: stockhouse.com . The website looks absolutely gorgeous, and you can tell they've got some great design and product talent: newworldinc.io . Mobile apps have been launched in beta on both the Apple App Store and the Google Play Store, and the Apple full release app is expected to be live within 30 days. Another positive factor is this stock's correlation with Bitcoin. This stock moved up in unison with BTC during its last bull run at the beginning of the year, catapulting from 2 cents to 49 cents. With the Bitcoin Futures ETF potentially making its debut tomorrow, there is a lot of excitement in the market, and analysts are calling for huge BTC price appreciation. Another BTC rally should have a great positive impact on GBLC as well. Do you think this stock can break its last high of 49 cents this year? Comment your opinion below. And don't forget to follow me on TradingView for further updates and more crypto related analyses. Disclosure: The author holds shares of GBLC (Graph Blockchain) stock discussed in this idea. Disclaimer No Investment Advice Provided Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Post/Idea or in connection with it are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice. This Post/Idea should not be relied upon as a substitute for extensive independent market research before making your actual trading decisions. Opinions, market data, recommendations or any other content is subject to change at any time without notice. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information. I do not recommend the use of technical analysis as a sole means of trading decisions. I do not recommend making hurried trading decisions. You should always understand that PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
GLong
by kkarmayogi
12
Is Bitcoin trading in a Giant Descending Triangle?On the RSI there appears to be a noticeable divergence, there's a series of higher lows forming an ascending triangle. The price is displaying a series of lower highs forming a descending triangle. A bullish divergence or bearish divergence? A bullish divergence occurs when prices fall to a new low while an oscillator fails to reach a new low. This situation demonstrates that bears are losing power, and that bulls are ready to control the market again—often a bullish divergence marks the end of a downtrend. Bearish divergences signify potential downtrends when prices rally to a new high while the oscillator refuses to reach a new peak. In this situation, bulls are losing their grip on the market, prices are rising only as a result of inertia, and the bears are ready to take control again. On the KST there has been a bearish cross on a 1-year chart. In this 5-year chart, it appears as though a bearish cross is on the verge of occurring near term on the Williams alligator. It's always possible this pattern plays out as a Giant Bullish Flag, expect to see a re-test of the baseline of support & possibly a fake-out to the downside before breaching the horizontal resistance and re-testing ATH's.
COINBASE:BTCUSD
by ScotianBot
2