ETH ANALYSIS🚀#ETH Analysis :
🔮As we can see in the chart of #ETH that there is a formation of Descending Channel Pattern. Some time ago the same structure was made and it performed well and this time also the same is happening with a perfect breakout
🔰Current Price: $3507
🎯 Target Price: $4000
⚡️What to do ?
👀Keep an eye on #ETH price action. We can trade according to the chart and make some profits⚡️⚡️
#ETH #Cryptocurrency #TechnicalAnalysis #DYOR
Breakout!
TURBO/USDT LOOKS READY FOR AN ATH!!Hey everyone!
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TURBO looks very good in the daily time frame. Breaking out from the descending triangle pattern and a retest is also done. Now, it looks ready for a big pump. Buy some here and add more in the dip.
Entry range:- $0.0036-$0.0042
Targets:- $0.00495/$0.0067/$0.0082/$0.0095
SL:- $0.0030
What are your thoughts on TURBO's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
REN: Exploring Trends and Key Levels in the Crypto Market✨ Welcome to my channel. Here, we analyze a new crypto project or Forex pair every day.
📅 Let's dive into today's analysis, focusing on the REN coin in the crypto market.
🗂 About the Project: REN is a protocol that enables the transfer of cryptocurrencies between different blockchains in a decentralized manner. It aims to bring interoperability to DeFi by providing access to liquidity from various blockchains for DeFi applications.
⌛️ Daily Timeframe
🔍In this timeframe, the price has been ranging for a long period around the $0.04996 support.
📊Support and Resistance Levels:
Resistance: $0.05060, $0.05696
Support: $0.04442, $0.03936
💥The RSI is around 54.25, indicating neither overbought nor oversold conditions.
🧩Currently, there is significant bearish momentum in this timeframe, and the volume aligns perfectly with the downward trend.
Recommendation: Given the strong support at $0.04442, we can expect another bearish wave if candles stabilize below this area.
⌛️ 4-Hour Timeframe
📈In this timeframe, the price has pulled back to the SMA99 and simultaneously reached the critical $0.04960 resistance, which was the main market low in the previous cycle.
The volume is gradually decreasing, indicating that the long-term downward trend impacts the 4-hour timeframe.
🔑Key Levels: For a long position, the key levels are $0.04960, $0.05060, and $0.05696. For a short position, $0.04442 and $0.04500 are critical areas where the price may react in the future.
🎲RSI Oscillator: The RSI is ranging between 39.81 and 54.34, and breaking either of these levels can provide confirmation for opening positions. However, be sure to use these levels only for confirmation and rely on candles to find the trigger.
♟Recommendation: This upward movement offers a better entry point for a short position. Given the bearish market in the 4-hour and daily timeframes and the potential trend change in the weekly timeframe, consider opening a short position as the trend aligns with the momentum.
⚠️Please note that this is not financial advice. I'm simply introducing this project to you, and remember always to do your own research.
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SANDUSDT: Weekly Update and Trading Triggers✨Welcome to my channel. Here, we conduct a daily analysis of crypto projects and forex pairs.
📅Let's dive into today's analysis, focusing on the crypto market and the SAND project.
📅 Weekly Timeframe Analysis
On the weekly timeframe, SAND is ranging within a broader horizontal zone. The current levels show the price struggling around significant support and resistance levels.
Support Zone: 0.2818
Resistance: 0.7864
RSI: 39.81 (Neutral to slightly bearish)
📆 Daily Timeframe Analysis
In the daily timeframe, the price action shows a more detailed structure within the weekly range.
Current Candle: Showing strength after a period of weakness
Resistance Levels: 0.4046, 0.4782
Support Levels: 0.3410, 0.2818
RSI: 47.44 (Neutral)
⏰ 4-Hour Timeframe Analysis
In the 4-hour timeframe, we see more granular details of the recent price movements.
Consolidation Range: 0.3436 - 0.2818
Bullish Scenario: Break above 0.3436 with strong volume
Bearish Scenario: Break below 0.2818
📈 Long Position Trigger
Consider entering a long position after a confirmed break and close above 0.3436 on the 4-hour timeframe.
📉 Short Position Trigger
Consider entering a short position after a break and close below 0.2818 on the 4-hour timeframe.
🔑 Key Support and Resistance Levels
Supports: 0.3410, 0.2818, 0.2433
Resistances: 0.3436, 0.4046, 0.4782, 0.7864
🌟 Weekly Settlement
Since tomorrow is the last day of the week and a settlement day, I recommend securing your profits and opening positions with less risk. Have a great weekend!
⚠️Please note that this is not financial advice. I'm simply introducing this project to you, and remember always to do your own research.
🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
INFY - Crucial Timeline🎯 The chart says it all. Keeping it simple as always.
🎯 The price has remained within a range for quite some time.
🎯 We're approaching the support zone defended by the 200 WEMA
🎯 It will be interesting to see how the price reacts from that point.
🎯 Also, we await the results for FY 24.
⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
Upward Moving Channel Breakout - VTL📊 Script: VTL
📊 Sector: Textiles
📊 Industry: Textiles - Cotton/Blended
Key highlights: 💡⚡
📈 Script is giving Breakout of Upward Moving Channel on daily chart.
📈 Keep an eye on stock we may see some good rally.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 535
🟢 Target 🎯🏆 - 572
⚠️ Stoploss ☠️🚫 - 520
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
#BTC: QUICK UPDATE!!Hey everyone!
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BTC is forming a bull flag-like pattern in 1hr time frame and it is holding an important trendline support so far. Currently, it is retesting the flag. If it maintains this retest level and bounces we can expect another upside movement up to the $68k level.
Target:- $68k
Invalidation:- 1hr close below the trendline.
What are your thoughts on BTC's current price action? Share your analysis in the comments below!
|| SOLUSD || $200 INCOMMING FOR SOL!! ||Good day all.
the current market structure for sol is preping itself for a break out of the above level of key resistance (displayed in yellow). I will be discussing a series of confluences in the following points below to strengthen my case.
Sol has been in a consolidation phase roughly since April, creating a healthy level of support and resistance for future market structure, considering the consolidation being so close to ATH ($260) is remarkable and normally a great indication of further continuation into price discovery.
Bullish pennant: market structure for the past couple months have formed a bullish pennant. Price has reached a pivotal point of a potential break resulting in a target of $227 which is roughly a 43% increase in value, however, there is still some way to go as price is sitting right under a key level of resistance expressed between the prices, 173 and 178.
If price is able to break this key level and hold strongly above preferably on the daily chart, bullish sentiment will be high. I do feel price will break and briefly retrace off the level of resistance only to build up stronger support resulting in a push up and most probably through. This price action will be the healthiest and the most likely, as referenced from multiple market structures in a similar situation.
MA: My preferred averages consist of a 18 and 100 EMA, my averages position is currently crossing from bearish to bullish as my averages have converged (18 crossing 100). this convergence is normally a bullish signal when compiled with other bullish confluences.
Although my predictions for the medium term is bullish, there is absolutely a possibility that price can retrace back down to the key level of support resulting in a further strengthening of the current formation and overall heath of the market and future structure, however, I feel the break to the bulls is inevitable based on the overall bullish sentiment across the whole board of crypto assets.
I do not offer financial advice and this position should not be used as your only means of placing a trade, however, rather as an extension of your preexisitng ideas to place a trade.
Thank you for putting time in to read my Sol prediction. Make sure to let me know what you think whether you agree or not, constructive criticism will be appreciated!
Dabur: Resistance Zone !Hey There,
- Like always, The chart is self-explanatory.
- We saw a triangle breakout which happened very close to a crucial resistance zone that acted like one.
- This is one previous support that turned crucial resistance
- Previously, the price has fallen 3 times after testing this level. The fourth time's a charm?
- We see a good consolidation at the resistance zone since the breakout
- NSE:MARICO sustained similar consolidation to fly high whereas NSE:HINDUNILVR failed to break it.
- What will DABUR do?
Have Insights or Questions? Let us know in the comments below.👇
While you do that, how about a boost for some motivation🚀
⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
FIL will see bottom before moving up#FIL/USDT #Analysis
Description
---------------------------------------------------------------
+ After a recent bounce, the price is again heading towards the support zone. We will enter a long trade only after the price rebounds from this zone.
+ This will provide ample confirmation that the price is moving in the right direction.
---------------------------------------------------------------
VectorAlgo Trade Details
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Entry Price: 4.384 - Candle close above this
Stop Loss: 2.233
------------------------------
Target 1: 6.207
Target 2: 8.386
Target 3: 10.983
Target 4: 19.638
Target 5: 33.338
Target 6: 66.76
Target 7: 113.00
------------------------------
Timeframe: 1W
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
---------------------------------------------------------------
Enhance, Trade, Grow
---------------------------------------------------------------
Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
EUR-USD Bullish Breakout! Buy!
Hello,Traders!
EUR-USD is trading in an
Uptrend and the pair made
A bullish breakout of the
Key horizontal level of 1.0917
Which is a support now and
The breakout is confirmed so
We are bullish biased and
We will be expecting a
Further move up
Buy!
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BOME/USDT LONG TRADE SETUP!!Hey everyone!
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BOME forming a descending channel pattern here. It has already broken out and is currently, retesting it. Long some here and add more in the dip.
Targets:- $0.0094/$0.0106/$0.0124
SL;- $0.079
Lev:- 3x-5x
What are your thoughts on BOME's current price action? Do you see a potential breakout? Share your analysis in the comments below!
EUR/CHF: Bearish Signals and Breakout Opportunities✨Welcome to my channel. Here, we conduct a daily analysis of crypto projects and forex pairs.
📅 Today's Analysis: Today, we'll be diving into the Forex market and analyzing the EUR/CHF.
📉 Recent Performance
The EUR/CHF pair has seen significant movements recently, breaking through multiple support and resistance levels. The primary support at 0.95366 and resistance at 0.99155 are key areas to watch.
⚠️ Bearish Momentum
The RSI is currently at 45.71, indicating potential bearish momentum. If the RSI drops below 30, we could see increased selling pressure.
📊The pair is currently in the 0.618 to 0.707 Fibonacci range. If it breaks below 0.94838, the next target could be around 0.93119.
🔻Short Position Strategy
A confirmed break below the 0.94838 support level with increased sell volume would be an ideal short entry point. The target for this move could be the next support at 0.93119.
🔼Long Position Strategy
For a long position, wait for a clear breakout above the resistance at 0.99155 with increased buy volume. This would signal a potential bullish reversal.
📝 In conclusion, EUR/CHF is showing bearish signals with critical levels to watch. A short position could be triggered below 0.94838, while a long position is advisable only after a breakout above 0.99155. Always monitor volume and RSI closely to confirm momentum and manage risk appropriately.
⚠️Please note that this is not financial advice. I'm simply introducing this project to you, and remember always to do your own research.
🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
Charting with Elliott WavesUnderstanding how to do Technical Analysis of any chart based on Elliott Waves
This analysis is for educational purposes only and should not be considered as trading advice. Multiple scenarios are possible in the real market, and there is a risk of being wrong. It is essential to consult with a financial advisor before making any trading or investment decisions. We are not responsible for any profits or losses incurred based on this analysis.
Wave Rules:
Wave 2 cannot retrace more than 100% of Wave 1.
Wave 3 is never the shortest wave.
Wave 4 should not overlap with Wave 1's price territory, except in diagonal triangles.
Applying Elliott Wave Theory
Elliott Wave Theory is a powerful tool for traders, but it requires practice and a deep understanding of market psychology. By analyzing wave patterns, degrees, and Fibonacci relationships, traders can gain insights into potential market trends and make informed trading decisions. It is important to combine Elliott Wave analysis with other technical indicators and risk management strategies to enhance the accuracy and reliability of market forecasts.
Elliott Wave Theory provides a comprehensive framework for understanding market cycles and predicting price movements. By mastering its principles and applying them with discipline, traders can enhance their ability to navigate the financial markets and capitalize on emerging trends.
Let's understand study of this chart
Current Wave Structure
Primary Wave Count:
- The chart illustrates a completed five-wave impulse sequence (1-2-3-4-5) followed by a corrective phase.
- The primary impulse wave (labeled in red) has completed its cycle, marked by a significant peak at Wave 5.
- The subsequent corrective wave (labeled in blue as (4)) has also completed, indicating a potential beginning of a new impulse sequence.
Subwave Count:
- The internal structure of the primary waves shows clear subwaves, especially within the third wave, which is typically the strongest and longest.
- The chart depicts detailed labeling of smaller degree waves (i-ii-iii-iv-v), ensuring adherence to Elliott Wave principles.
Recent Breakout Analysis
Breakout Confirmation:
- Recently, the price has broken out from a consolidation zone, supported by increased trading volumes. This is a positive sign indicating strong market interest and momentum.
- The breakout occurred after the price retested the previous resistance level, which now acts as a support. This successful retest enhances the credibility of the breakout.
Future Projections
Impulsive Bias:
- Based on the wave structure, the stock appears to be in the early stages of a new impulse wave. This suggests a bullish outlook with potential for significant upward movement.
- The immediate target for this impulse wave is the 1.618 Fibonacci extension level at INR 2,976.60, aligning with typical Elliott Wave projections for Wave 3.
Invalidation Level:
- The nearest invalidation level for this bullish scenario is marked at INR 1,651.40. A break below this level would suggest a re-evaluation of the wave count and the current bullish bias.
Conclusion
The technical analysis of Dalmia Bharat Ltd. indicates a favorable outlook for continued upward movement, supported by a clear Elliott Wave structure and recent breakout confirmation with good volume. However, traders should monitor the invalidation level closely.
I am not Sebi registered analyst. My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
PEOPLE/USDT: POTENTIAL DESCENDING BROADENING WEDGE!!Hey everyone!
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PEOPLE look good here. Breaks out from the descending broadening wedge-like structure and currently retesting it. Long some here and add more in the dip.
Entry range:- $0.075-$0.08
Targets:- $0.0865/$0.098/$0.11/$0.126
SL:- $0.07
Lev:- Use low leverage (2x-4x)
NOCILLooks ready for an All Time High Breakout.
Huge Consolidation Done.
Massive Volume Buildup.
Above all Key EMA.
Good for Short Term.
Do Like ,Comment , Follow for regular Updates...
Keep Learning ,Keep Earning...
Disclaimer : This is not a Buy or Sell recommendation. I am not SEBI Registered. Please consult your financial advisor before making any investments . This is for Educational purpose only.
BITCOIN Will Keep Growing! Buy!
Hello,Traders!
BITCOIN is going up now
And the coin broke the key
Horizontal level of 63,500$
Then made a retest and
Shot upwards again which
Reinforces out local bullish
Bias and makes us expect
A further move up
Buy!
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