TVS Motor Company Ltd is currently on the verge of a bullish breakout, with the price retracing from the 23.6% Fibonacci level. The stock has been in a strong uptrend, and the ascending trend line.
🔍The market is still ranging, and we are waiting for our triggers to be activated before opening positions. 📆 Coin of the Day: SOL About the Project Solana (SOL) is known for its high-speed blockchain technology and increasing adoption. It remains a significant player in the crypto space with a strong ecosystem. 🧩 Technical Analysis 4-Hour Timeframe This...
🔍In today's market, we witnessed a minor downturn as the support at 6115 was breached, signaling a brief downward trajectory. However, a significant bounce occurred at the first critical support level of 56708, indicating a corrective move towards the upside. As anticipated in the previous analysis, a rejection from 66480 validated the dominance of sellers,...
🔍Diving into today's analysis, we find ourselves amidst the aftermath of the recent Bitcoin halving event, where miners are now receiving half of their previous rewards. As the broader market takes a breather, exhibiting signs of consolidation, it's evident that the current landscape doesn't quite cater to the dynamics of day trading. Hence, shifting our focus to...
Sell Entry: 2033.5 Stop: 2038.5 TP1: 2028.5 (RR = 1) TP2: 2021.5 (RR = 2.5)
Buy Entry: 2041 (Now) Stop: 2009 TP1: 2070 (RR = 1.1) TP2: 2123 (RR = 3)
Buy Entry: 2067.5 (Now) Stop: 2058 TP1: 2084 (RR = 1.7) TP2: 2099 (RR = 3.2)
Sell Entry: 157.759 (Now) Stop: 159.670 TP1: 155.302 (RR = 1.2) TP2: 151.926 (RR = 3)
Buy Entry: 2033 (Now) Stop: 2028 TP1: 2043 (RR = 1.5) TP2: 2058 (RR = 4)
English I´m going to make an analysis on a monthly timeframe looking for our market structure, we have all the HH and HL with at least 50% of our fibo retrament. We take a look at the fibo retracement to see where could I take profits when the price breaks the last H and we found two interesting zones (-10% and -27%), that is a rare way to use the fibo...
English On a weekly time fame, I found a possible TP for the ones who are buying BTC and that zone is good to see how the price reacts and wait for a bearish movement. On the other hand, the daily escenario we have a zone where we could buy again this asset after a retracement, but we have to keep an eye on the news because of the ETF approval scenario which makes...
English First of all, I looked at the market structure, we have a pretty clear bullish structure, the first HH and HL were OK in its structure without any debt. Then, looking at the next HH and HL, we noticed that the price didn`t cover at least the 50% of our Fibo, so we still have a nice zone to keep an eye on it for future bullish movements. I used the fibo...
Daily Chart Bitcoin BINANCE:BTCUSDT still in correction phase. Now, it's trading at 2934x Bitcoin has a support around 283 by 0.5 Fib and Ascending Trend line Can open short in lower timeframe Wait for a next move
Hello everyone, I invite you to check the current situation on the BTC pair to USDT, taking into account the four-hour interval. First, we will use blue lines to mark the local downtrend channel in which the BTC price is moving. Going further with the Fib Retracement tool, we will check where we can expect support for the price when the correction begins to...
GBPUSD has been rising since 09.03.2023 having a rather volatile path. The pair entered in to a consolidation phase indicating that this medium -term shock has ended. Retracement is a possibility but we have to wait for the support break of the 1.21400 for confirmation. Breaking that support would drive the pair further down until 1.20600 at least. NOTE: 14:30...
Hello everyone, I invite you to review the DOT chart as its predecessors on a one-day interval. Please see that in this situation we can use the yellow line to mark the uptrend channel in which the price is moving. Let's start by marking the support places for the price and we see that we have first support at $6.05, but if the price goes lower, we have another...
Hello everyone, I invite you to review the BNB chart as before, taking into account the one-day interval. As we can see, despite the correction, the price is still moving in the uptrend channel. Let's start by marking the support spots for the price and we see that we first have a support zone from $310 to $293, however, if the price goes lower, we have another...
TA explained SHIB did a complete pullback to the previous level of structure which was formed during the strong uptrend back in October. Now price broke the descending trendline and retested it on a price level which aligns with former support zone. Targeting the FIB pullback levels of the correction. SL just below latest low. Trade setup Entry zone: 0.027143...