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Bullish Divergence

$COIN swing call idea from end of Sept has NEWS to draw buyersThe description below offers an example of a chart story. When you regularly watch a stock and observe how price and indicators change over time, you can create a story that leads to well-planned and successful trade ideas. Between May and July price stalled and took its time to retest lows. While it did RSI was gradually rising. Eventually this led to a quick move up in price (August) and RSI tipped over 70. When RSI rises over 66.66 after being under 33.33, it is a sign that trend may be ready to change. Note this does not always hold true, as it is an advance sign that occurs before trend change confirmation. In September, there was a stochastic buy notice when %K rose sharply over 3 days (orange box and arrow). This is my most reliable early indicator of a directional move to come. It is typical for this early strength move to see a reversal. When price fell (white box) it stayed above the summer range, RSI held bull support zone (green line), and there was bullish divergence (white ovals). Before today's Google-related news spark, price broke the white downtrend line and held a higher low. Now, in the greater context of U.S. markets, I think a rally is imminent. As soon as there is a turning point up, COIN can at least move to 200sma. I am not long-term bullish on the stock right now; I see a nice swing call trade that can gain over the next few months if conditions support it.
NASDAQ:COINLong
by OptionsRising
ATOM COSMOS INVERSE HEAD AND SHOULDERS!! 10% PUMP INCOMING!!Looking at QNT and Matic which have found their bottom its seems like we are getting a bit of relief rally in other altcoins. I have noticed a few with an inverse head and shoulders Pattern. Matic also had one and it played out. Possible 10% profit if it plays out with ATOM. No financial advise though :) It will be better confirmed if we get above $13.089 and use it as support. If this plays out I will be taking profit around $14.00.
ALong
by Luckyjimbob111
2
$MATIC - BULLISH but CautiousHello my Fellow TraderZ, #POLYGON ($MATIC) is going inside the Descending Channel Pattern and again got rejected by the Upper Trendline. The recent upward movement was also supported by the RSI momentum which clearly was showing Bullish Divergence. Now I see on 4 HTF price going to come and retest the MA50/200 at the least. Also on 1 HTF, it is clearly visible that Price was maoving inside the Ascening Triangle and broke the Triangle beautifully and again coming to retest. Here my projection for the coming hours/days where we could go to the $0.9 Happy Trading Fam. CHEERS!!!
MLong
by TRADER-GOKU
NVDA NVIDIA Corporation Strongest SupportNVDA NVIDIA Corporation looks ready for a technical rebound. A technical rebound refers to a recovery from a prior period of losses when technical signals indicate that the move was oversold. In this case, the Relative Strength Index momentum indicator of NVDA is below 30. Even though i am overall bearish on the economy, buying a strong financial instrument when the RSI is below 30, would make a case for a potential short term reversal. Looking forward to read your opinion about it.
NASDAQ:NVDA
by TopgOptions
1
$DYDX - Bulls breaking FALLING WEDGEHello my Fellow TraderZ, Few days ago I made an analysis on $DYDX ranging inside Descending Channel Pattern on 4 HTF. Although price gave a Fakeout and create a Double Bottom and again came back inside the channel and breaking upward of the channel. BULLISH DIVERGENCE is still valid + Price is trying to come above the EMA 55 on 4 HTF + Breakout Volume is Pretty good enough. Also look on DTF, #DYDX is forming a FALLING WEDGE Pattern which is generally Bullish in nature. For strong confirmation look for the daily close above the Wedge and the Resistance area of $1.30. TP 1 : $1.41 TP2 : $1.52 SL : according to your own R:R Note : never underestimate #BITCOIN which could ruin the Party. Happy Trading Fam. CHEERS!!!
Long
by TRADER-GOKU
$LUNA - Still some Fuel Left !!!Hello my Fellow TraderZ, So what's up Buddies,,,today we have $LUNA on the table. After bouncing to hug 3.5x #LUNA has fallen sharply as expected. The game of Pump-n-Dump is on #LUNA. And from time - to - time, we gonna see such amazing bounce to 100%-500%. So can choose this one as a GAMBLING bet. Well now after sharp decline of ~70% following th recent pump, $LUNA is making a Falling Wedge on 1 HTF. Also Bullish Divergence is there . In shorter TF, I'm expecting a little 10-12% upside move to test 200 Hourly EMA. Keep an eye on Breakout then place your entry. Happy Trading Fam. CHEERS!!!
Long
by TRADER-GOKU
BTCUSD Stopping Volume at PCZ of Bullish SharkBTC has given me great reasons to be concerned that we would break through our PCZ and pull down into the 78.6% Retrace below but despite how many times it's tried it's managed to hold the local 88.6% Retrace as support and now we will have confirmed a stopping volume candle on the daily if BTC's Daily Volume doesn't change much in the next 15 minutes before the close so i will be doubling down here with a stop below the 78.6% retracement.
BYBIT:BTCUSD.PLong
by RizeSenpai
NZDJPY Short Term Sell Idea Delivered 200 Pips Move!!!In NZDJPY short term sell idea post, I mentioned that "Price is bouncing lower from a key resistance zone on the H4 chart, in addition to this we also had a bearish divergence and lower lows based on the MACD indicator. On the H1 chart, we had a bearish trend pattern so until the key resistance zone holds, my plan here is to sell pullbacks in the short term". The price action followed my analysis and moved as per the plan here. The pullback that I was looking for happened and then the price moved lower further and has delivered 200+ pips move! Note: Currently we have a bullish divergence in play, so if you are still involved in the sells then this is a good place to consider managing your trade and secure your profits (cash out or partial cash out or trailing protections or partial hedge, etc.. depending on the strategy that you work with). Original Idea
Short
by VladimirRibakov
$BTC - O -$BTC Hello my Fellow TraderZ, We are now coming into the most awaited week where we have FED Rate Hike announcement on SEPT 20/21. So as usual US Equity Markets is reacting to the probable Hawkish action of FED, followed by #CRYPTO as well. Many of us are expecting the rate hike to be between 0.75bps and 1bps. If we see 0.75bps, it is good and more so like #BITCOIN is pricing in by testing the June lows. Incase we see 1bps, this is a disater then and most probably #BTC would stop at 14k. But here what I see on DTF is that #BITCOIN is coming to support and probably in the making of DOUBLE BOTTOM pattern which is coupling with the BULLISH DIVERGENCE. Still hoping for the best. Be cautious and Trade well my Fam. CHEERS!!!
by TRADER-GOKU