Channeltrend
Are we still in an oscillator?Been over a month in this channel now. Now clear signs of breaking up or down. We are likely headed back to the 30 day SMA, and from there who knows. I tend to like the upside here being above the SMA, but we all know it can crack down and retest the lows yet again. I'm saying we retest the highs first.
The Right Bitcoin ChannelHello TV Community,
I am back with this and more insightful charts coming soon.
This chart was first published back in 2020 (linked below) and this is an update to BTC's trajectory over the past few years.
This chart demonstrates that BTC's price action has been steadily following the mid 50% of my "right" channel (see idea linked below to understand what I mean by "right channel"). The last time BTC's price broke out of the mid 50% range was back in December 2017's high.
The most up to date volume profile indicates that the majority of the trading volume was pre-2017. The MACD indicator is a great example of BTC's highly volatillity since the Dec 2017 high.
If BTC's price breaks into the bottom 25% of the channel, I would expect a touch of the lower end of this channel. If the price bounces off the lower end of the mid 50% of this channel, we can expect higher highs in the not too distant future.
'Til next time.
__________________________________
I let my charts do the talkin'.
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INDRAPRASTHA GAS ' s Support zone | Breakout level |This is the 4 hour chart of INDRAPRASTHA GAS .
IGL is moving in a well defined parallel channel with support range near at 195-200 level.
Igl having good law of polarity at 230 range if Igl give breakout this level and sustain above this level next resistance is near 260 and 280 .
Thank you !!
RELIANCE INDUSTRIES at Key Zone !!This is the 1 hour Chart of RELIANCE INDUSTRIES.
Stock has formed a large Broadening Wedge pattern, with a projected target around the 1560 range.
Stock has formed a ascending triangle patterrn with a projected target around the 1560 range.
stock has given a breakout at 1460 range. If it successfully retests and holds this level as support , then we may see higher prices in RELIANCE INDUSTRIES.
Thank you !!
Nvidia - 100% new all time highs!Nvidia - NASDAQ:NVDA - is just too bullish now:
(click chart above to see the in depth analysis👆🏻)
Honestly it was not unexpected that Nvidia is now the most valuable company in the world. The chart is just so strong and perfectly following structure; it seems to be just a matter of days until Nvidia will create a new all time high. If this happens, a breakout rally will follow.
Levels to watch: $150
Keep your long term vision!
Philip (BasicTrading)
NIFTY at Best Resistance !!This is the 1 hour Chart of NIFTY 50.
NIFTY 50 is trading near it's Resistance zone at 24400 range.
NIFTY 50 is forming a broadening pattern; resistance lies near 24,500.
Nifty 50 is forming parallel channel inside the pattern ; resistance lies near 24350.
If this level is sustain, then we may see Lower prices in Nifty 50.
Thank You !!
Gold:bullish wedge inside a rising channel-double trap for bearsInside the major upward channel, gold formed a falling wedge — and, of course, faked a breakdown. But the move reversed quickly: price reclaimed the wedge, surged on volume, and held above the key 3363–3368 area. This isn't just a bounce — it's a structural reclaim in line with the broader trend.
Price is now in the upper part of the rising channel and has broken a local downtrend line, reinforcing the bullish signal. Consolidation around 3380–3395 might be the last pause before acceleration. Above that lies a volume gap — no resistance until 3452.
MACD is flipping bullish, RSI turning upward, and volume confirms smart money presence. Classic: trap below, breakout above. As long as 3363 holds — longs remain in control.
ETHEREUM for $750?In this chart, I am showing you the worst possible scenario. If we compare this cycle to the past, we see some very similar things on the weekly chart:
- Weekly RSI divergence
- Testing the 50-level RSI and the trend line from the bottom to the top
- Correction to the 0.5 fibbonacci level.
- Last time we had a war between Ukraine and Russia and now we have a war between Israel and Iran
- Last time everyone on X(twitter) was talking and cheering about Alt-Seoson and ToTheMoon and now we have the same situation, DYOR, check X
$750-800 for Ethereum are the lows of the two global channels. So it's a logical bottom. And after the price reaches the bottom, we can reach the top of the channel.
Hence after this mega-dump we will see #ETH at $18000-20000.
What do you think about this scenario?
TATA MOTORS LTD at BEST SUPPORT !!This is the Daily chart of TATA MOTORS LTD.
TATA MOTORS having good law of polarity at 660 range.
TATAMOTORS has given a positive EMA crossover, with its support range lying around 660-680.
If this level is sustain , then We may see higher price in TATAMOTORS.
Thank you !!
Stock is in DownTrend but ..4013 CMP 254.20 (15-06-2025)
Stock is in DownTrend but it Beautifully hit Channel
Bottom & Bounced.
Currently at a Good Support level.
Now the Immediate Resistance is around 256 - 257
& then around 270.
Crossing this level & Sustaining on Monthly basis would
lead it towards 283 - 285 initially.
However, should not break 253 - 254.
Amd - This starts the next +200% rally!Amd - NASDAQ:AMD - is preparing a major rally:
(click chart above to see the in depth analysis👆🏻)
It has - once again - not been unexpected at all that we now see a major reversal rally on Amd. After the harsh drop of about -65%, Amd retested a significant confluence of support and already created bullish confirmation. It is quite likely that this now starts the next bullrun.
Levels to watch: $100, $300
Keep your long term vision!
Philip (BasicTrading)
Make it Break it Situation!FCCL Closed at 46 (25-03-2025)
Bearish Divergence is there.
Important to Sustain 45.80 at least
on Weekly basis for upside move.
Otherwise, Important Support levels seems
to be around 43.30 - 43.50 & then 41.30 - 41.50.
41.30 - 41.50 is also a Channel bottom that can
be respected.
Upside move can be up to 49 -50 initially &
Channel top is around 52.