Get started

Action

XRP Declining Volume| Bearish Volatility Expansion| Impulse SellPoints to consider, Now Conferring XRPUSDT’s Daily Chart, price action has confirmed a strong bearish volatility expansion with clear impulse selling. This has shifted the market structure significantly with a clear low being established. On a technically note, any rallies are to be sold into as the market structure is bearish. The immediate volume profile is declining; currently trading below average with no influxes shows weakness. Any conventions of the Daily and Weekly S/R levels are considered bearish retests until proven. Price action unlike, many other coins, is establishing consecutive lower lows. Maintain this structure with declining volume will greatly increase the probability of a bearish retest before continuation. XRP/ USDT Daily RSI Holistically observing the Daily RSI, a clear oscillation is occurring at the bearish control zone. This again is another tail sign of a further downside being probable as oversold conditions have not been met. The momentum is clearly stored with the bearish, a break and change in market structure will be a tail sing of short term reversal.
Short
by CoinGape
Banknifty Shorting Opportunity [21st Jan 2021]Shorting opportunity in Banknifty future if it opens below 32490 with a Stop Loss @ 32620. In case, if Banknifty opens above 32620 and hold for some time then please avoid the setup. Tomorrow morning look for any rejection candlestick patterns like Bearish Engulfing, Hammer, Shooting Star or any other. 1st Target: 32380-32390 2nd Target: 32240-32260 3rd Target: 32125-32140 4th Target: 32040-32060 In case Banknifty breaks 32000 level, then 31500 might be tested. However, 32000 acts as strong support zone. So, better trade cautiously Happy Trading!!
NSE:BANKNIFTYShort
by AkmeAnalytics