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Breakout in Cipla?Potential breakout in Cipla? Let's understand. Candle made yesterday followed by the candle made today indicates a lot of strength. Both the candles are big green candles backed up with big green volume bars. This gives me a hint that the resistance zone between 1520 and 1525 might be broken now and we might see a strong breakout. Coming to my momentum indicator, RSI, it is moving in the buy zone now. We generally consider the zone between 40 and 60 as neutral and RSI is just breaching the 60 mark. So, I will buy as and when I get a new buy signal in the hourly chart with SL below 1470 and targets above 1525.
NSE:CIPLA1!Long
by travellingtradermumbai
LDO/USDT - A token worth monitoring and trading--------------------------------------------------------------- Description --------------------------------------------------------------- + LDO is consolidating in the support zone and this is a good thing for bouncing back + This consolidation zone is also acting as a support for the LDO + Once it bounce back we can expect it to reach next resistance. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 3.324 Stop Loss: 3.025 ------------------------------ Targets 1: 3.451 Targets 2: 3.556 Targets 3: 3.794 Targets 4: 4.037 ------------------------------ Timeframe: 4H Capital: 1-2% of trading capital Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Agree or Disagree with the ideas ? lets discuss in the comments. Like and follow us for more ideas. Regards VectorAlgo
Long
by VectorAlgo
₿itcoin / Welcome back 🤝 / CommerciumHispanus🌎 "Soros taught me that you have to visualize the situation in months, and whatever it is, the price will be there, don't focus on where it is today." -Stanley Druckenmiller. MACRO CONDITIONS • China: Stimulus, +production, reduces anticovid measures. • FED goes up, but the pace goes down: Goldman Sachs forecasts 50bp in December, and 25bp in Feb/Mar/May. • The bet: JP Morgan: “3 more increases and pause at 5%”. • Bullard from the FED: “5% / 5.25%”. • European Central Bank: “The risks to the financial stability of the Eurozone increase as the economy heads towards a probable recession, so any reduction in ECB bond holdings will probably be gradual in order to maintain calm in the markets". • An agreement: The director of the International Monetary Fund, Kristalina Georgieva, asks the central banks to calibrate the rhythm of their interest rate increases to avoid indirect effects in other countries. CYCLE OF THE CRIPTOMARKET • Average: 200 periods (Market consensus) very far from price. • Elliot: suggests development or end of wave 5. • Oscillators: Multiple Regular and Hidden Bullish Divergences. • Wyckoff: current market condition suggests SC / SP (See scheme+Coinbase/Bitfinex Volume). • Dominance: BTC .D is still low, but usually rises in times of depression, you should not focus on overpriced coins vs. Bitcoin. • This will be an era where education on the preservation of private keys and full control of coins will be promoted (Consequence of FTX/3AC/CELSIUS cases) The capital feels very comfortable today, according to macro conditions, the crypto market and its cycle, I expect relief for Q2/Q3 2023. - To enter the market you must have: Strategy market vision Domain of emotions capital management quality tools 👍If this publication has been useful for you, remember to LIKE it and share it 👉🏻Follow me on tradingview, activate notifications in your browser and keep an eye on your email where you will receive my regular updates. 👏🏻If you want to support my work you can make a donation on this same platform. Thanks for your support! Greetings to all and good luck! Ignacio - 🌎 Commercium Hispanus ***Cryptocurrency trading is subject to high market risk. Carry out your operations with caution. I always do my best to choose high quality coins, but I will not be responsible for your trading losses.***
Long
by UnknownUnicorn6489805
3
BTC SHOULD SHOW THIS WEEK AN EFFECT AND THIS IS WHYDear Traders, NEXT 24H? THE BREAKOUT OF BTC? Today could be an important day for BTC - IF the whales want to hold the trend then at last there should be some volume this week. The low term indicator shows Green trend where BTC can show some increase trend for the low time frame - but that should be also the reason for further increase - otherwise the long term indicator that changed today can get confirmed . today there is a split in indicator what waiting for confirmation - and in most of times it means that there is a trend that going to happen. First of all - there is no guaranty into crypto - always trade depending on your plan and risk management. Are we going to see new changes into BTC at short term? To see this we need follow the trend and to see how the markets will effect coming time. next time its very important for BTC - at last there should be some volume to get BTC out of the red confirmation - when this happen we could enter in new cycle trend what could bring btc to 27K. This above info depending on indicator data what did shows in past also right results, this means not a guaranty for the future.
Long
by Goldenbreakout
EUR/CAD Possible Buying Opportunity!Possible long opportunity in EUR/CAD soon! I have a long position currently running in EUR/CAD which can be seen in a previous post, this position was after an impulsive break of structure where we saw price move in a descending corrective manner into structure. Yesterday we saw the same exact price action where we impulsed through the previous high to create a higher high and where now we are retracing in a corrective manner. As you can see from the chart, price has just created equal Lows which means that liquidity is resting underneath this level which normally gets taken or wicked out which then shows intended direction of price, in this case it would be to the upside. Taking this into account then, i will be waiting to see how price reacts around this region and if price does break lower, i'm looking to see price come into the supply zone to gather more sell orders before taking off from there. I will also be looking for breaks of structure on the lower time frames for bullish confirmation. Obviously this all depends on price action at those levels as price could very well breakout from here so we just need to be wary. Feel free to leave any comments about the idea!
by PercentageOverPips
2
Possible NZD/USD Buying Opportunity!Possible long opportunity in NZD/USD very soon! Since the start of Feb we have been in a descending correction on the weekly time-frame from which we have come down to the weekly key level in the region of 0.68000 where we have seen price react. Currently, we are trading within the Lower High and the most recent Low. If price breaks below this level on the daily then i will be looking for selling opportunities rather than buying. However, we have seen 2 days of bullish and indecisive price action around this key level which could mean price wants to take a turn around. This is also in line with the NZD index as price flow is near identical and has printed an indecisive candle with more buying pressure than selling and a morning start candle on the daily. This gives confluence to the fact that price could bounce from here, however there is always the possibility that price could melt through this level but that just means no trade yet. If we do see strong bullish price action or a structure shift on the lower time frames then i will be looking to target the descending trendline as my take profit for about a 5% gain. NZD Index- Feel free to leave any comments!
by PercentageOverPips
2