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EUR/USD: Awaiting a Breakout from the Symmetrical Triangle📅 Let's dive into today's analysis. We'll be focusing on the EUR/USD pair in the daily time frame. 🧲 Symmetrical Triangle Formation In the daily time frame for EUR/USD, we can observe a symmetrical triangle pattern. Currently, the price is in the last third of this triangle, indicating that the best course of action is to hold off on trading this pair until one of the dynamic lines is broken. 🎲 Moving Averages The moving averages are not particularly useful for analysis right now. As you can see, the SMA99 has flattened out, indicating a lack of momentum in the market. 🪤 Momentum Oscillators Given the lack of momentum, there's no reason to use momentum oscillators like the RSI. These oscillators are only useful in markets with momentum, so checking the RSI would just provide unnecessary data. 🧩 Breakout Scenarios If the descending trendline is broken and the price stabilizes above this area, we can expect the price to move up to the 1.11056 resistance level. The trigger for this scenario to be activated is at 1.09066. ⚡️ If the 1.09066 trigger is not activated, we need to wait for a new structure to form and draw new triggers on the chart accordingly. If the ascending trendline is broken, the trigger for this scenario is 1.06774. The next support level is very close to the price, at 1.06057, which aligns with the 0.382 Fibonacci level in the weekly time frame, forming a crucial area. 📉 Downside Targets If the price declines, the final target I see is 1.04225, which corresponds to the 0.5 Fibonacci level on the weekly chart. However, there is also a significant support zone between 1.04225 and 1.05007, where substantial demand is likely to enter the market, making it difficult to break through easily. ⌛️ Apex Point of the Triangle The converging lines of the triangle always intersect at a point called the apex. From a timing perspective, this is an interesting point. Although it's not always exact, we can expect a potential structural change around November 29. This change could be a continuation of the trend, a reversal, or the end of the current trend. Typically, something significant happens around this time. 🎈 Range-Bound Market Scenario If the price ignores the trendlines and starts ranging, the triggers at 1.09066 and 1.06774 can still be relevant. However, a ranging market will likely create a new structure and provide new triggers accordingly. 📝 Conclusion The EUR/USD pair is currently trading within a symmetrical triangle, indicating indecision and low momentum in the market. The moving averages and momentum oscillators provide little insight due to the flat market. Traders should wait for a breakout from this triangle to confirm the next direction of price movement. Whether the breakout is to the upside or downside, it will set the stage for subsequent trading opportunities. Patience is key until clear signals emerge from this consolidation pattern. 🧠💼 Always remember that trading futures involves inherent risks, and improper risk management can lead to margin calls. Stick to your capital management principles and use stop-loss orders, aiming for an initial risk-to-reward ratio of 2. 🫶 If you found this analysis helpful and want to support me, please like and share this analysis. Feel free to leave your comments or suggest a coin you'd like me to analyze next.
by itsparham96
1
Today's Analysis: Bitcoin and BNB📅Today, the market, after experiencing a dip, is in a ranging phase. We can expect the next wave of decline to begin after this correction and rest period. The coin I want to analyze today is BNB, but as always, let's start with Bitcoin. 👑 Bitcoin Analysis 🔍 1-Hour Time Frame Analysis In the 1-hour time frame, Bitcoin has corrected to 58516 and then started to decline. In recent candles, significant selling volume has entered the market. The price has also pulled back to the SMA99 and is now consolidating below the 0.382 Fibonacci level. RSI has triggered at 44.10. The next trigger is 56045, and if a candle closes below this level, we can target 53921 again. 📈 Long Position For a long position, the market structure still doesn't seem favorable. However, if you insist on opening a long position, 58516 can be a suitable trigger. As mentioned, I won't open a long position until a suitable structure forms. 📉 Short Position The next trigger for a short position is 56045. I will wait for the price to react to this level once, and on the next attempt, if it breaks, I'll open a position. The trigger at 57033 has slightly shifted, and now we can open a position if 56693 is broken, though the target for this position is smaller than the target for the 56045 trigger. 📊 Volume Analysis If the market declines, the volume of red candles should increase. If not, I will open the position with lower volume and risk since volume and momentum are crucial when opening a position. 🔍 BNB Analysis 🗂 Binance Overview Binance is one of the top crypto exchanges, handling the majority of crypto trading volume and being the most reputable exchange for traders. In addition to its trading platform, Binance also has its own blockchain with BNB as the main coin. All activities on this blockchain are conducted using BNB, which has secured the 4th position in market cap after Bitcoin, Ethereum, and Tether. 🧩 Daily Time Frame Technical Analysis In the daily time frame, as seen, after forming an ascending triangle and breaking resistance at 619, BNB couldn't hold above this level, resulting in a fake breakout and a return to the box. The trigger for confirming the fake breakout was at 591. Currently, the price has reached the support level at 499, which aligns with the 0.382 Fibonacci level. If this level is broken, the next targets are 450$ and 390$. 📊 Volume Analysis for BNB The volume of red candles is currently much higher than green ones, indicating strong downward momentum. However, due to the selloff candle two days ago, the market might rest for a few days before deciding whether to continue the HWC uptrend or start a correction. 🛒 Spot Buying Strategy For buying BNB in spot, I don't recommend it while the market has downward momentum, unless a daily or weekly candle closes above 619. In my opinion, waiting for the market to form a new structure can provide better entry points. 📝 Conclusion Both Bitcoin and BNB are at critical points. Bitcoin continues to show signs of a downtrend, and BNB is trying to stabilize at significant support levels amid strong selling pressure. Wait for the necessary confirmations before entering positions and closely monitor volume and momentum. 🧠💼 Always remember that trading futures involves inherent risks, and improper risk management can lead to margin calls. Stick to your capital management principles and use stop-loss orders, aiming for an initial risk-to-reward ratio of 2. 🫶 If you found this analysis helpful and want to support me, please like and share this analysis. Feel free to leave your comments or suggest a coin you'd like me to analyze next.
by itsparham96
2
Breakout + Crossover - VEDL📊 Script: VEDL 📊 Sector: Mining & Mineral products 📊 Industry: Mining / Minerals / Metals Key highlights: 💡⚡ 📈 Script is giving breakout on Monthly Time Frame. 📈 MACD is giving crossover. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 473 🟢 Target 🎯🏆 - 519 ⚠️ Stoploss ☠️🚫 - 452 ⚠️ 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!🥂
NSE:VEDLLong
by radha_23
1
Voltamp Transformers Limited - Breakout Setup, Move is ON...#VOLTAMP trading above Resistance of 13100 Next Resistance is at 16496 Support is at 9705 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:VOLTAMPLong
by MandeepSinghKohli
Ircon International Ltd - Breakout Setup, Move is ON...#IRCON trading above Resistance of 298 Next Resistance is at 423 Support is at 211 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:IRCONLong
by MandeepSinghKohli
6
Glenmark Pharmaceuticals Limited - Breakout Setup, Move is ON...#GLENMARK trading above Resistance of 1262 Next Resistance is at 1943 Support is at 970 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:GLENMARKLong
by MandeepSinghKohli
Dr. Reddy's Laboratories Limited - Breakout Setup, Move is ON...#DRREDDY trading above Resistance of 6474 Next Resistance is at 7803 Support is at 5786 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:DRREDDYLong
by MandeepSinghKohli
Zydus Lifesciences Ltd - Breakout Setup, Move is ON...#ZYDUSLIFE trading above Resistance of 1128 Next Resistance is at 1297 Support is at 919 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:ZYDUSLIFELong
by MandeepSinghKohli
Kirloskar Brothers Limited - Breakout Setup, Move is ON...#KIRLOSBROS trading above Resistance of 2587 Next Resistance is at 2997 Support is at 1786 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:KIRLOSBROSLong
by MandeepSinghKohli
Marksans Pharma Ltd - Breakout Setup, Move is ON...#MARKSANS trading above Resistance of 180 Next Resistance is at 212 Support is at 134 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:MARKSANSLong
by MandeepSinghKohli
Today's Analysis: Ethereum & Bitcoin at Critical Levels📅Today, we're diving into the analysis of Ethereum (ETH) in both weekly and daily timeframes, alongside our usual analysis of Bitcoin (BTC). Let's kick things off with a detailed look at Bitcoin in the 1-hour timeframe. 👑 Bitcoin Analysis 🔍 1-Hour Timeframe Technical Analysis After a prolonged bearish wave, Bitcoin hit support at 53921 and entered a correction phase. Currently, it is breaking through the 0.382 Fibonacci level, which significantly supports the bearish trend as the volume of green candles is much lower than the red ones from the previous days. This indicates volume and trend convergence, confirming the trend's health. The next correction levels are 58516 and 59550. Upon reaching and confirming these levels, short positions can be considered. 📈 Long Position Strategy For long positions, I will hold off until the price stabilizes above the 99-day Simple Moving Average (SMA99). Once the price secures this level, I will announce the entry point for a long position. 📉 Short Position Strategy For short positions, you can utilize the levels of 58516 and 59550 during market corrections. If the market declines or you miss these two levels, you can open positions upon breaking 56045 or 53921. The levels mentioned for corrections are reactive, and since we adopt a breakout strategy, we must wait for the price to range at these levels. With a break below the range's floor and increasing sell volume, you can enter the position. The RSI trigger for confirming momentum entry is 44.10. 💰 Ethereum Analysis 🗂 Project Overview Ethereum is a blockchain-based project and one of the best in the crypto space, particularly for those interested in DeFi. Besides its native coin and blockchain, Ethereum also supports Layer 2 (L2) blockchains like Arbitrum, zkSync, Optimism (OP), Base, Linea, and Mode, which help manage transactions to reduce the load on the main blockchain, optimizing transaction fees and speeds. Ethereum's transaction fees have significantly decreased following the Shanghai and Dencun updates, dropping from 60-70 Gwei to 2-9 Gwei, attracting more users to the blockchain. Various earning methods exist on the Ethereum network. The primary method is staking 32 ETH to become an Ethereum node, which ensures network security and earns fees from network transactions and block creation. Other methods include creating Liquidity Pool Tokens (LP tokens) on DEXs and earning fees from trades and swaps or engaging in lending and borrowing, which is a vast field in itself. 🔍 Weekly Timeframe Technical Analysis In the weekly timeframe, Ethereum began an upward move from the 1550$ area, continuing up to 4100$, then faced resistance at 3876$ and started to correct. It has now formed a double top pattern, which hasn't activated yet. Remember, a pattern holds no significance until it activates. So, we disregard this pattern unless the price stabilizes below 2914. If that happens, we can say the pattern is activated, and the price could move downward. The critical point now is that the curved trendline is broken, the strong bullish momentum in the market has faded, and the price has been stabilizing below the 25-day SMA. Additionally, the 51.51 support in RSI is broken, potentially pushing the price down. 📈 Bullish Scenarios We have a few scenarios for bullish movements. First, the price doesn't stabilize below 2914, gets supported, and starts creating higher highs. Second, a further correction to the 24709 support, a significant support level for Ethereum, might prevent further price drops. Third, reaching the double top target of 2188, which is the last stronghold for Ethereum's bullish trend. 🛒 Spot Trading Strategy For spot trading, it’s better to move to the daily timeframe for clearer charts. In this timeframe, a bearish momentum has caused the price to drop from 3919 to 2883, and it’s currently resting. If the price ranges adequately and forms a suitable structure for buying, you can enter upon breaking its range box. If it doesn't range and moves directly upward, our trigger is breaking the main resistance at 3919 unless we buy according to Dow Theory rules. Upon breaking 2883, the first support is 2620, and the second is 2188. 📊 Volume Analysis The significant volume of red candles suggests a probable break of 2883, but since yesterday’s candle was a selloff, and today and tomorrow are holidays, the price might range for a few days before selling volume re-enters the market. 🔔 Entry Points Regarding the entry points mentioned, don't place orders in advance. Wait for the price to react to these levels and form a range structure. After buy volume enters and breaks the range box, you can proceed with your purchase. 📝 Conclusion In conclusion, both Bitcoin and Ethereum are at critical levels, with Bitcoin showing bearish tendencies and Ethereum facing significant support challenges. It's crucial to wait for confirmation signals and volume trends before entering any positions. 🧠💼 Always remember the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Stick to strict capital management principles and use stop-loss orders, ensuring an initial target with a risk-to-reward ratio of 2. 🫶 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.
by itsparham96
9
ZEN ANALYSIS🔮 #ZEN Analysis - Breakout 🚀🚀 💲 As we said earlier #ZEN performed the same. Also there is a breakout of rounding bottom pattern. Now we can see a little retest from its resistance 1 zone and after that a bullish move would be seen 💸Current Price -- $9.70 📈Target Price  -- $15.67 ⁉️ What to do? - We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸 #ZEN  #Cryptocurrency #Breakout #DYOR
Long
by ZEUS_Market_Alerts
Massive gains are coming to DGB over the next 3 years.Long-term investors of DGB are going to see life-changing gains over the next three years. The vast majority of crypto investors are infected with the 'instant-gratification' disease, which makes them uneasy if they don't turn a massive profit within minutes of buying any given crypto. But that's not how the world works (unless you're incredibly lucky). The long-term holders of DGB will see gains that the impatient short-term holders will only dream of seeing. Keep stacking and enjoy the ride!
CRYPTO:DGBUSDLong
by MetaShackle
6
Bitcoin's Deep Dive: Critical Support Levels & Trend Analysis📅 Let's dive into today's analysis. Bitcoin has finally broken the 59323 support level, indicating that in addition to the Low Wave Cycle (LWC), the Medium Wave Cycle (MWC) trend has also turned bearish. This suggests that Bitcoin may undergo a deeper correction. 🗂 Bitcoin Analysis 🔍 Daily Timeframe Technical Analysis In the daily timeframe, after reaching the 71509 resistance and a fake move towards 73000, Bitcoin began to rest and formed a range box between 71509 and 60273. Over 110 days, the price reacted to the floor and ceiling four times each, with one fake breakdown from the floor, and then rebounded from 0.382. On the fifth attempt, the box was broken, and now it has dropped to the 0.5 level or 55213. 📊 Volume Analysis The candle volume is very high, indicating strong selling pressure. If the market intends to correct and the volume decreases, it means the volume is confirming the trend. Otherwise, if the volume is diverging with the upward trend, we have a divergence. If the price continues its downward movement, the volume must increase, or else we'll see divergence again. 📉 Key Support Levels The next significant support area is between 50000 and 52000. This is a critical area that could halt the price decline, as it's an important zone both in terms of price action and the 0.618 Fibonacci retracement level, known as the Golden Zone. I anticipate the price will reach this range and then enter a consolidation phase after a significant selloff candle. The RSI trigger in the daily timeframe is breaking 26.33, and if this level is broken, we might see a large selloff candle. However, more bearish momentum could enter the market, so we shouldn't place orders at the 50000-52000 range yet, as the price might drop sharply to lower levels. 🎈 Additional Support If the 50000-52000 support is broken, the next level is 47000. I believe this is the final support for maintaining the bullish trend in the High Wave Cycle. If we are to see a bull run in Bitcoin, the price should not stabilize below 47000. 🧩 Pullback Scenario Another possible scenario is a pullback to the 60273 area. Given the 15% drop over three days and the overall bullish trend in the High Wave Cycle, a pullback is not out of the question. If the price pulls back to this level or the 58715 area and then breaks the floor of the pullback, we can confirm that the downward MWC trend is healthy and could continue to lower levels. 📈 Bullish Strategy Currently, I don't have a plan for a bullish market, as it seems illogical with the current bearish trend and momentum. I will wait for the market to create a suitable structure for a long position. If you recall, since reaching 60000, I only announced one long trigger at 62800, which never activated as the market continued its decline. So, it's better to wait until the market forms a proper structure for a long entry point. Under current conditions, I won't open a long position unless the RSI stabilizes above 45.13, or the market creates a suitable structure for a long position. ♟ Strategy for Short Positions As for my short position strategy, I will wait for the market to exit the oversold state. By oversold, I don't mean RSI levels but price-wise oversold, as price volatility has increased. So, I will wait and observe until the market forms a new structure in the 1-hour or 4-hour timeframes before entering a short position upon breaking the trigger. 📝 Conclusion In conclusion, Bitcoin is at a critical juncture where it has broken significant support levels, suggesting a deeper correction might be underway. The next key support areas to watch are 50000-52000 and 47000, which will determine if the long-term bullish trend can be maintained. Volume and RSI indicators will be crucial in confirming the next move. 🧠💼 Always remember the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Stick to strict capital management principles and use stop-loss orders, ensuring an initial target with a risk-to-reward ratio of 2. 🫶 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.
by itsparham96
1