1. Daily Chart (D1)
Pattern Observed: There is a noticeable ascending channel forming. The upper boundary is marked by a series of higher highs (HH), and the lower boundary is marked by higher lows (HL).
Resistance Zone: The chart indicates a key resistance around the 2,540–2,560 level, highlighted by the upper trendline of the ascending channel.
Support Levels:...
These charts depict an evolving market structure for XAU/USD (Gold Spot) and highlight significant zones and patterns across multiple timeframes.
1. Key Patterns and Channels:
Ascending Channel:
A dominant ascending channel is visible on multiple timeframes. This is a classic continuation pattern, suggesting that as long as price remains within this channel,...
REC Ltd NSE:RECLTD shows a breakout-pullback. You can buy at current Price 600.
1st Target would be 800 and 2nd Target would be 945( which you can try achieving using GTT)
Godrej Industries limited face a heavy supply zone, If its break this time then its on all time high in BLUE SKY ZONE, and its next resistence is 1200-1300...
In this analysis I want to talk about the M2 Global Money Supply indicator. This indicator basically shows how much money there is in circulation and how much is being printed.
The indicator itself is not that usefull since it's just going up (more money is printed over time). However, the rate at which money is printed is more interesting, hence I slapped an...
Has been too long since the last time that we had a crypto fiesta!
Short-term view:
As discussed in my last few analyses, BTC remains in a gray area. Bullish above the top yellow resistance and bearish below the bottom purple support. Stocks are breaking out bullish, so I'd expect BTC to follow.
Very choppy market.
🎉CRYPTO FIESTA🎉
Comment your favorite crypto...
Between 19th and 31st of July a bearish M-pattern was created, followed by massive drop.
In the recent days we see a bullish W-pattern building and once it is finished the probability for a long entry is high, with a profit target at 72K.
Additionally BTC is building the pattern after the RSI has already broken the 14 days SMA.
An additional RSI-divergence...
As we can see we have broken the trendline from the previous trend hinting at a potential trend change. We also created a higher high after breaking the previous lower high. We got a retest of our zone and now we got confirmation. Now we are looking for a TP1 and TP2 at our 1:1 and 1:2 respectively.
#AVAX/USDT #Analysis
Description
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+ AVAX is currently trading at a key support level, and holding this level is crucial for maintaining further bullish momentum.
+ A falling wedge formation is also visible, and a breakout from this pattern could drive the price higher.
+ A clear reversal from the...
There is a triple top on H4 with a lot of resistance
this is against the trend but there is a pattern on H1
Stop loss of 150 points
first target will be the bottom of the range
M15 double top with divergence
Market looks weak this week
In my two most recent BTC analyses I talked about an ideal area for entry in case BTC reversed from the top yellow resistance of the channel it has been trading in for 6 months at this point.
As expected, the green area on the chart has functioned as a huge area of demand, right in between the supports (yellow and purple). The drop was a bit more steep than...
#BTC/USDT #Analysis
Description
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+ After the Bitcoin halving, the expected price correction began in late 2019 and continued through the first quarter of 2020.
+ In 2020, BTC was anticipated to break out from resistance after 35 weeks of correction. However, due to the unexpected COVID-19 black swan...
#BAKE/USDT #Analysis
Description
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+ BAKE has repeatedly retested a key support zone, demonstrating resilience as the price continues to hold strong at this level. The latest test of this support presents a potential opportunity for a bounce back.
+ Multiple Retests: The price has tested this support...
