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Bullish Divergence

📉🚀 #FLOW/USDT Falling Wedge Setup Alert 🚀📉Hey traders! 📣 I've identified an exciting opportunity on the $FLOW/USDT chart. 🧐 📉 Price Action: FLOW is currently forming a falling wedge pattern, which can be a bullish sign! 📈 📊 Technical Analysis: Falling Wedge Pattern ✅ Decreasing Volume ✅ Potential Breakout Brewing ✅ 📅 Timeframe: Keep a close watch on this setup as it unfolds, and patience may pay off. 🎯 Entry Point: Consider an entry upon a breakout above the upper wedge trendline. 🚀 🛑 Stop-Loss: Prudent risk management suggests setting a stop-loss just below the lower wedge trendline. 🎯 Price Targets (Next 3-6 months): Short-Term: Target the wedge's upper trendline, aiming for $0.80 - $1.00 🎯 Mid-Term: If momentum continues, target $1.00 - $1.40 🚀 Long-Term: For the patient traders, the wedge's full potential could reach $1.40 - $3.00 🌟 🚀 Major Swing Target: The ultimate goal is a swing to the top of the wedge at ~$28. 🌠 Remember, always conduct your own research and use appropriate risk management strategies. Let's keep a close eye on $FLOW/USDT as it approaches the wedge apex! 🤑💰 Happy trading! 📈📉🤞 #Crypto #TradingView #TechnicalAnalysis #FallingWedge #BullishSetup
CRYPTO:FLOWUSDLong
by STP_MrNodeItAll
GBP/AUD Long Trade SetupGBP/AUD – 9.20.23 Quick overview our current setup: In our current HTF uptrend, we have just mitigated a HTF demand zone. On the lower time frame, we formed a double bottom and are approaching a minor CHoCH. Once this CHoCH breaks, we will look to enter a long position on a mitigation of our LTF demand zone. This will get us in the trade for a potential BOS. - This would yield us a roughly 1.97 R:R on our TP1 - This would yield us a roughly 8.88 R:R on our TP2 (LTF Supply zone) Confluence: 1. HTF uptrend 2. LTF demand zone mitigation 3. LTF double bottom 4. Approaching LTF CHoCH 5. MACD Bullish Divergence Happy Trading!
Long
by ReigningTrades
#GBPNZD buying opportunitutechnical confluences for buying: 1- price is in overall bullish long-term market structure, which seems like followed by a bearish corrective move. (as it seems till now) 2- price has reached 4H timeframe 200 EMA and failing to close below it. 3- In 1H timeframe price formed double bottom and also we have double bullish divergence formation between the last two swing low in 1H time frame, which add to possibility of bullish move. In case this analysis materialize we expect price to at least test its previous lower-timeframe high if not break it to the upside in the direction of higher timeframe
Long
by mohemati
Lyft Showing signs of Life, have we Bottomed?Hi guys! Welcome to an analysis on macro developments of Lyft (LYFT). With the markets doing what they've been doing this year, we have to ask, " Will the % gains come to stocks that are still many many % down from their tops"? Or are some stocks just doomed to fizzle out and take time to re-build/ grow? Well, if we are in a Bull market, which i personally think we are... Assets with Solid Market Structure & Technicals will also be included into the liquidity being injected into the markets. Taking a glance under the hood with LYFT, i can see some promising developments playing out. Making me consider LYFT as a Long play. This analysis is strictly on Technicals and is on the 1 Week timeframe to get a big picture view. So lets look at Price Action: Last week candle has broken ABOVE the Major Resistance trendline which has worked to cause Price Declines since November 2021 Notice how we've had many touch points on this Resistance line in RED. I believe it to have been weakened, thus the current BREAKOUT. Do we go back to print All Time Highs now? Absolutely NOT. It requires alot of energy or momentum to break major trends. But its the 1st step to the road of getting back to all time highs. We also need Confirmation before anything. This 1 candle is not enough, though an extremely BULLISH candle, a Bullish ENGULFING candle. Which is a great sign and pushs probabilities for confirmation as well. But we need to now Test the Resistance line as SUPPORT. With the overlaying Resistance line ABOVE us, i believe we will get a push down to the Support Test. But so far the break out to me is promising: Why? Look to the Volume for clues. We are so far seeing increased volume. It is important that it continues. If at the end of this week, you see Volume has declined. We would need to reassess the breakout, as that would potentially mean this could be a Fakeout. So getting ABOVE Major Multi year resistance, would support the idea of Trend Change/ perhaps Trend Reversal and a sign hinting that the Bottom is in. Another Bottoming sign observed = BULLISH DIVERGENCE being spotted. This is when Price Action prints Lower Lows BUT Indicators print Higher Lows. Seen in the RSI -> Notice if and when we get above the Resistance line, we will see large % gains. Another indicator to watch would be the STOCH RSI, as we are getting close to a BULLISH CROSS. If we get it, we will see bullish momentum come in, perhaps pushing prices above this horizontal resistance line. Anyway i think things are hinting at the idea that we have bottomed. We are in a critical moment for LYFT and we must continue to monitor this week and more. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on LYFT in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NASDAQ:LYFTLong
by SafofAllTrades
NIO finishing a Fib Retracement Ready to Continue LONGNIO on the 4H chart was on an uptrend into a double top in late July and Early Augus. This was confluent with the second upper deviation line above the mean anchored VWAP line which is thick black. Now on the retracement price has hit the mid-Fibonacci levels of 0.38-0.5-0.62. The MACD is sowing an early buy signal with a line cross under the histogram. I see this as a long trade on continuation with some early bullish divergence with a the potential upside of 20% back to the VWAP lines whose resistance forced the double top. I will put this on my China watchlist watching for the pivot low from which to enter.
NYSE:NIOLong
by AwesomeAvani
3
LTC/BTC falling wedge formingLitecoin appears to be forming a falling wedge against bitcoin. Rsi trend has bottomed along with the price action within this wedge. RSI is showing bullish divergence over the last several weeks. Volume has been flat or declining in this wedge, often a reversal signal. This could be as much as a 30% move up to the next resistance area. This is the product of two potential outcomes. 1. BTC declines while LTC remains flat. 2. LTC gains while BTC price remains flat.
Long
by BallsOfSteel32
Virgin Galactic In the process of Bottoming out? Hi, this is a Technical Analysis on Virgin Galactic (SPCE), it is viewed on the 1 Week timeframe. Our current candle is currently in the process of breaking out BELOW our UPSloping Support Trend Line, highlighted by the RED circle. Note: The candle closes, end of trading session on 7th of August, Monday. Meaning our current candle is not accurate, so we need keep a close eye. If we close ABOVE, our trend continues, giving us yet another week to tread along and hopefully break our ressistance trend lines. Our RESISTANCE is 2 FOLD 1. Upper Resistance line of DOWNWARD CHANNEL 2. RED HORIZONTAL LINE above us If we close BELOW, it means we are attempting a "Trend Change", but this candle alone is not enough, We would need to look for CONFIRMATION. This can be way of a specific single candle printing or a candle pattern formation. (I will be sure to update in the coming weeks). Our 1st Target would be the BLACK Horizontal Support line below Our 2nd Target, which is also a CRITICAL ZONE is our STOCK LOW @ around $3.11, depicted by RED LINE ->Below this, we form a lower low and make NEW LOWS Our 3rd level would be where Lower BLACK line of the DOWNWARD channel and PRICE meet, below the RED Horizontal line. Our overall DIRECTION currently, is DOWN. Evident by the DOWNWARD CHANNEL drawn with BLACK lines. **Until PROVEN OTHERWISE**. -> For us to break the downtrend, we need to break and CONFIRM ABOVE the upper trend line of DOWNWARD CHANNEL. So when im looking at the current candle, im thinking its MORE PROBABLE we go down. Notice how the Week of June 12th and June 20th, we had Large Upper Wicks form, this indicates SELLING PRESURE. The pressure was due to convergence of resistance of the BLACK and RED Resistance lines. The pressure from this event, can be whats pushing our price down. My thought process is that i actually want PRICE to hit the LOWER SUPPORT LINE of the CHANNEL. Doing so, as long as the RSI maintains Higher Lows will lead to the formation of a BULLISH DIVERGENCE. This leads to prices MOVING to the UPSIDE, in most cases. Can be a BOTTOMING pattern, in my opinion. Now lets look to my indicators for more evidence. RSI is getting tight in this symmetrical triangle pattern. We will soon see a breakout ABOVE or BELOW. If we break BELOW, look to the RED line, we want to stay above here for the possibility of a BULLISH DIVERGENCE to be in the picture. ALso note: Symmetrical triangles usually break out to the upside. ORANGE RSI line, should also stay ABOVE the Black moving average. Look left, everytime we CONFIRM below, PRICE DROPS DOWN. STOCH RSI, is in the process of a BEARISH CROSS, this if confirmed on Monday will bring in momentum to push prices DOWN. ADX which is also a momentum indicator, I would like to see the BLACK moving average, curve up, GREEN Line also curve up breaking out of the upper border of rectangle. This would indicate to me that a large amount of bullish momentum is coming in. CONCLUSION: Overall, i believe SPCE is in the process of carving out a BOTTOM. Its evident by the range highlighted by rectangle, we are in some sort of CONSOLIDATION. Our current price action must be observed. In the chance we do CONFIRM below and go lower in price, it will provide great entry levels for BUY ORDERS. If we also hit the lower support trend line of the down channel, the potential for a BULLISH DIVERGENCE may become more probable. With all the evidence being presented, it is important to observe SPCE to see what it does in the coming Weeks to Months. Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. When trading always spend majority of your time on risk management strategy.
NYSE:SPCE
by SafofAllTrades
7
Quick Look - Bullish Divergence vs Bearish DivergenceHere is a graphical representation of the simple concept of bullish and bearish divergences. Rules are pretty clear Bearish Divergence Happens only in uptrend Observed on pivot Highs Price makes higher high whereas oscillator makes lower high, indicating weakness and possible reversal Bullish Divergence Happens only in downtrend Observed on pivot Lows Price makes lower low whereas oscillator makes higher low, indicating weakness and possible reversal Watch out for hidden divergences on the opposite pivots and breakouts in the direction of trend.
ASX:FMGEducation
by Trendoscope
SIRI | Great Long Entry | LONGSirius XM Holdings Inc., an audio entertainment company, operates audio business including subscription entertainment services in the United States. It operates through Sirius XM, and Pandora and Off-platform segment. The company's Sirius XM segment provides music, sports, entertainment, comedy, news, traffic and weather channels, and other content, as well as podcast and infotainment services on subscription fee basis; and live, curated, and exclusive and on demand programming services through satellite radio system and streamed via applications for mobile and home devices, and other consumer electronic equipment. Its Pandora and Off-platform segment operates music and podcast streaming platform, which offers personalized experience for listener through computers, tablets, mobile devices, vehicle speakers, and connected devices. In addition, the company offers podcasts including true crime to politics, sports, comedy, and other podcasts under Stitcher brand. Further, it distributes satellite radios through automakers and retailers, as well as its website. The company also provides location-based services through two-way wireless connectivity, including safety, security, convenience, remote vehicles diagnostic, maintenance and data, and stolen or parked vehicle locator services. Additionally, it offers satellite television services, which offer music channels on the DISH Network satellite television service as a programming package; Travel Link, a suite of data services that include graphical weather, fuel prices, sports schedule and scores, and movie listings; and real-time traffic and weather services, as well as music programming and commercial-free music services for commercial, office, restaurants, and other business. The company was incorporated in 2013 and is headquartered in New York. Sirius XM Holdings Inc. is a subsidiary of Liberty Media Corporation.
NASDAQ:SIRILong
by DivergenceSeeker
6