Larsen & toubro infotech ( can break either)1 week frame shows it has reached the support level and near to the oversold zone. Just for information purpose
Recoverytime
EPS/USDT Big consolidation before big breakout? Let's seeEllipsis currently is within a big consolidation which is indicated by the violet lines.
The volume drops before the final breakout which seems imminent since we are in the apex of the consolidation wedge.
Daily chart on the left hand side:
- We see the price consolidation into a very narrow range.
- The RSI is hovering over the 50 line and it looks like gearing up for an upwards move.
- The average trading volume is increasing and the next pump will likely be even bigger.
4h chart on the right hand side:
- Wee see a strong consolidation for the RSI.
- There is a golden cross from the 50 and 200MA indicated by the yellow camera.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
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Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
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ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.
End of 60% off going up again..The market reaction to the latest movements was awesome. It crashed at the speed of light and started to recover at almost the same speed.
To me this is a signal of a bull market still ongoing and we can't miss the opportunity of buying low to sell high. Of course all depends on a person's perspective, I am not a day trader, I prefer to see the long term picture instead of the short term one. But when I see that XLM gained 20% in one day after that huge crash I am really surprised and optimistic.
Another important thing that we can observe these days are the movements of Altcoins and group of Altcoins (i.e.: DeFi, third generation blockchain, remittance services...and so on).
Altcoins start to have their own life with less and less correlation with what BTC does. Moreover group of alt coins tend to move in the same directions (i.e.: CurveDao and Yearn Finance tend to move in the same directions and often with the same amplitude).
Maybe this one are obvious things for most of you, but if they aren't...happy to share :)
Make your research and do not take this as an advice.
Rob
SLOPE GOING LESS STEEP - FOUND STRONG BOTTOM - BMMJ - 30MNThe price has been going down following repeated patterns of small recovery and dramatic fall following.
The hope is in the angle of the slope which is less steep.
We have seen a big fight between people coming in to buy and strong sellers having the hand on this market. Isn't it normal to expect people taking their profits when this market have seen a super increase in the past.
So lots of squeezes, up and down, tracing some new patterns.
Now the market has found a strong support at the red line. Repeatedly failed to break it.
Lately again buyers have been squeezed, but we have seen that the market responded when it can across the blue downtrend line to rebound on it with huge volume supporting this spring effect.
This analysis reveals a zone illustrated by the red rectangle corresponding to the beginning of October (2 first weeks).
There is strong possibility to see the market coming again to test this blue downtrend line again.
The red line might be tested as well, and you know that from there, there probability to have good long entry point.
There is a black dotted line on the top, there is less probability to see the market going over this line at the moment, but if it does, there is possibility to see some sign of recovery/reversal
My view on this market.
Waoh, Australin Dollar is strenghten as US is in problems!!!That is my proyection in H4 timeframe on how we see AUD for the next hours in each H4 candlestick, and more importan is to see in H1 timeframe when the price is going to down a little it's make a pull back. For now, there are not reccomendation to operate and trade this par, we need to hope the confirmations, because there are two probabilities:
1. The price is going to break up, make a pull back ang go down the up the price
2. The other possibility is tha price is going to down until the $0.6899 USD approximattely and then, make a buy with confirmation of bullish candlestick, so important then.
So, but in generally we see that Australian economy is recovery and there are not news of this country, but, technically we see to proyect a recover of the AUD currency.
And also, for tomorrow we have a important economic calendar of 3 bulls that mean a extreme volatil movement of the AUD for tomorrow when will be the meeting about the Reserve Bank of Australia it's will have a meeting this week about the monetary policy and rate decision. There are a commentary is what expert called a remain at the current all-time low of 0.25% of rate interest on signs the downturn will not be as bad as expected. A more upbeat to from the central bank and recent gains in commodity prices such as copper will boost the "Aussie".
So, in midterm we see as expert of financial market is that Australin Dollar is into the recovery and we hope that this currency are up the price in the next months, that we hope. And also, about the situation in United States, the states of the union are growup the number of cases of coronavirus as New York, California and Florida had a lot cases in the past weeks, so this indicator is bad for the United States.
Also, why not we created a special analysis for Saturday about the proyection of this par AUD/USD in weekly and monthly, and Daily too to see in long term. That is so interesting in my mind to created it.
