L&t at a crucial supportLT had given an upmove of massive 30% in just 6 months from its previous breakout level of 1600 shared earlier.
It has already retested that breakout zone. Currently, stock is trading at its 200 DEMA and a strong demand zone of 1720-1740.
This stock is looking great for long term as well as short term investing at this current price.
Moving_average
USDT DOMINANCE STARTS FALLING SOONER OR LATER!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this USDT Dominance update. USDT dominance is the replica of BTC. As you see in my BTC chart that we have some good support for BTC here so in the case of USDT.D we have some good resistance here.
In USDT.D we expect the two scenario's just like BTC:-
1) USDT.D starts dropping from here. As you see we have a good resistance of 100ma here.
2) If USDT.D breaks this MA then we might get rejection from the upper trendline from where we already seen good rejection two times.
So it's pretty clear that if USDT.D rejects from here then BTC starts bouncing from here or if USDT.D breaks 100MA then we see rejection from 4.44 level means BTC get bounce from $40k-$42k level.
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Falling Wedge- BullishI don't play SBUX often but frankly is setting up quite well here; Big falling wedge on the daily timeframe and also sitting on its 200 days moving average, Bollinger bands are squeezing on the 4-hour timeframe as well, some slight bullish hidden divergence on the RSI.
Important to note SBUX has earnings coming up on 10/18' - Technicals all bullish and will be looking for a breakout (Broader Markets & Earnings Permitting) - Just some support and resistance levels to keep an eye on along with some RSI-based supply and demand zones
- Falling Wedge on the daily timeframe
- Bollinger bands squeezing on the 4-hour timeframe (Not Pictured)
- Sitting on its 200 day EMA & SMA as well (SMA Not Pictured)
- Slight bullish divergence on the RSI
- Buyers stepping in
PT1- $114.40
PT2- $115.64
PT3- $116.82 + Breakout
BTCUSD TECHNICAL ANALYSIS ON H4 TIMEFRAMEHi.
It seems that Bitcoin hasn’t decided yet where to go,not to mention that the prices are stucked in a symmetrical triangle.
If the prices break above 10300$ which is the triangle resistence,the prices may rise as much as the triangle’s height.
Note that 100 SMA has crossed above 200 SMA which indicate that buyers are ready to take the control of market.
Moreover,stochastic indicator is moving up and it has just came out of oversold area.
However,if the prices cannot break above the afforsaid resistence,it may fall down to 9800$ or even lower.
with you many pips.
thanks for visiting.