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Bullish Divergence

ETH/USD: Bullish Divergence in RSI and price action confirmed!!!I look that Ethereum show us a good entry to make a reversal of the trend buying in the yellow zone where represent the key support in Daily timeframe, but more later I will going to create another interesting analysis in Daly timeframe in Ethereum. I use my old strategy to prove the zones to know in least to use lines, becuase in the past the zones it's get me good result in my trading just analyzing from Daily timeframe. s3.tradingview.com Now, if you look in H8 timeframe, Ethereum forming a bullish hammer, and that will be a good signal that at least Ethereum could to recover the trend to up. I entry in this trade where I put my SL at $1,777 USD and my target will be around of $2,400 USD. In some minutes, I will going to analyze the Daily timeframe
COINBASE:ETHUSDLong
by harisonhbn9718
ETH Correction Coming to an End?Follow up from my last idea. Could this be the end up this massive dip? We are still within the falling wedge on ETH and can also see a bullish divergence on the RSI on the 4HR time frame. MACD seems to be slowly turning up as well if you zoom in(Be be grasping at straws here), as well as the RSI slowly creeping back up. Ethereum seems to have respected the trend line going back to the 28th of February during this massive correction and has bounced perfectly from the trend line from the 25th of March on the 14th of July. We may see some more potential downside before we go back up again but, going off of the both of the trend lines I don't think we will see under $1800 unless the market actually crashes which most people seem to be expecting. Going to wait for more confirmation before going long again though, these red candles are scaring me. Let me know what you think and if you have any ideas on what might happen :)
COINBASE:ETHUSDLong
by ryan_fw
2
Bitcoin appears to be trading in a bear flag!In dark blue, you can notice a bearish flag pattern forming with multiple bounces off the horizontal baseline of support and what appears to be a series of lower highs underneath a downward sloping resistance line. A possible Macro H&S pattern would coincide with a blow-off top at the launching of Goldman Sachs bitcoin futures contracts, similar to late 2017 CME BTC futures contracts calling the tippy top. I have drawn a bearish hypothetical scenario in red. On the RSI there is a series of higher lows indicating a potential bullish divergence taking place. 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. On the KST there were recently two bullish crosses and it looks like a higher high may be created for the first time since the blow-off top in March/April.
COINBASE:BTCUSD
by ScotianBot
4
Gold Misleading RSI Bullish DivergenceGood day guys! It has been a few days since my previous post. Those who follow me know that I am a long term trader, so when I enter a position, I look to hold that position for days at a time. On the chart, I wanted to show you what I found in common with all these positions I entered into as the trends continues downward. There appears to be price action rejecting the trend line/zone, an aggressive move to the downside with price action making lower lows and RSI making higher lows. This brings forth a small rally or price action ranging a bit before continuing to the downside. I am a probabilities and statistics nut, so I do not see why the odds are not highly likely to provide the same outcome. If you notice, price action is slumping over, which is bearish. I teach this in my advance teachings. Gold will have its run to new highs. However, based on the fundamental and fears of rising interest rates, I do not believe that time has come. In other words, "it is too soon." To gain access every time I send out an update, be sure to follow for my technical and fundamental analysis from tradingview.com . Well we do appreciate you for checking out our post and remember, we will see you on the other side. Rodrick Goss (CEO) Third Eye Traders
OANDA:XAUUSDShort
by ThirdEyeTraders
Retry: Bullish divergence on Bitcoin daily Trade #0002Posting the analysis is a bit late, I reentered but had no time to write on Tradingview. I saw the setup becoming interesting again and bought in the 32-33K area. We're above 34,8k now, best to wait on the 4H for a pullback. Otherwise the R/R ratio ain't good. The exit target 1 is a bit higher now. The second target could be considered the same, as 40K resistance is strong. Weekly: MACD-H is ticking up, right now, although candle is not closed. But this Timefame shows MACD Histogram is flattening Daily: There is a bullish divergence and a rejection candle, and this false downside breakout closed above the support line, showing that the market is not ready (yet) to go lower then 30, there is still too much buying interest over there. The Stochastic RSI is crossing and coming from and oversold condition, and is turning bullish right now. Interestingly, we have a bullish divergence on MACD-Histogram, as well as MACD lines, EFI AND there is also a ATR Channel divergence. This is bullish and makes me go long. 4H: 4H chart is up now and strong. Best to wait for a pullack. Afther the bullish divergence, we are at a Higher High now. At the arrow I entered this trade. Perhaps a pullback will bring us back in the lower 34K range Entry: 34,6K (can be bought up to 33,8, so at the moment of this writing we have to wait for that first) Exit: 1: 38,5K 2: 39,9K SL: 31,9K
Long
by Tornado_Trading
2
Similarities between DASHBTC and ETHBTCI have had a favorable view of Dash for a while and have been trying to construct a trading plan. The scratching in the back of my head had me look at the DASHBTC chart and compare it to the ETHBTC chart and here are the similarities I plan on using until my plan is invalidated for the next couple of years. Chart Overview and Analysis The black bands were drawn on the monthly chart and are zone of serious consolidation for many years for both trading pairs. When price finally clears the area on the monthly timeframe there massive gains to be had. The top of the zone failed as support there was a multi-year bear market against bitcoin Ethereum moved faster against bitcoin but it also had less upside and downside. Dash is taking longer to consolidate against Bitcoin but when it finishes it very likely will have more gains for the patient. The speed of the movements can be seen with ETH already way above its 400w EMA and finding resistance and consolidating against zone of price action where it failed to find the 400 as support. Dash has a chart pattern against the 400 EMA just as ETH and I suspect it will resolve bullishly. This will take price action above the 400 EMA and to the resistance trendline which is now some 7 months old. From there a retest of the 400 EMA/Megaphone support would be very natural. DASHBTC retesting the 400 EMA is a very serious even. It could be over a 50% pullback on the pair and an even more serious pull back against USD, up to 70 percent. DASHBTC could resolve itself bullishly while DASHUSD and BTCUSD are in a multi-year bear market. More Charts Below is the Fib Retrace from DashUSD ATH to bear market low and we see that price action failed right in the golden pocket. I suspect we will see a lot of consolidation and the next major stall will be at the 0.786 and then price action will test the 0.618 as rough support. The next chart is the most provisional but it shows a possible recovery route for Dashusd. There was a quick move to just shy of the 0.5 retracement level, a consolidation and then a move to the the golden pocket. I expect something similar but not an exact repeat. Here is a zoom in of DASHBTC on the daily chart. The MACD Histogram has a lot of bullish divergence as does the MACD (Asprey Version) and the RSI has found a technical double bottom. I suspect price action will stall at the top of daily BB and Keltner Channel and have some chop but the price action in February does show I could be pleasantly surprised by a very quick move to resistance. DashEth on the weekly is looking like it will return to the black trendline and possibly beat it as resistance. The purple arrows show bullish divergence and the orange line shows a technical double bottom. Very promising and even if it stalls at the black trendline again it still doubles against ETH. Final DashUSD targets Here is Dash next to ETH on the long term chart. Both have the ichimoku clouds on the weekly setting turned bullish and it makes it clear that in very short order DASH could be closing in on its 1.414 fib extension over $8,200 or perhaps an even higher fib target. Off to the left we see the importance of taking profit before the major levels as ETH came to less than 10% of the 1.414 level. But if Dash is anywhere near close to target in a year or so I will be a very happy man. One reason why I do like fib channels is it called the Eth high perfectly. I might have to settle for mere 5k Dash before a major consolidation. A mere 30x from here. Closing Thoughts This charting reflects a lot of my trading style and personality. I am sure they new coins out there that may have more upside than Dash and that are moving a lot faster but as I get further along in my trading and active investing I want something with more history against both itself and major alts. All the general disclaimers of this not being trading advice and myself not being a advisor apply.
Long
by This_Guhy
4
Bullish DIV on SRMFirst some FA: kraken announced SOL and SRM will be listed on 17th of June so this should push the price up. As you can see there's a clear bullish DIV (the div is on CCI as well) and there's a compression on BB indicating something is about to happen. Considering the recent maket dump combined with the bullish DIV I think this should go up. At 4h timeframe VLPR (not shown) mark current price around the control like, in this case buys and sells are almost the same. It's a decision point, I think it'll go up, you can buy now and set a tight stop loss.
SLong
by Shotokhan