Short-term
Bullish Reversal On Weekly Chart Of Axis Bank.NSE:AXISBANK
Last week (17th May 2021) closing of AXISBANK weekly candle indicating good reversal or one can even say beginning of up move after retracement.
If we get any follow through to this weekly candle even on daily chart its will be good confirmation for AxisBank to be making new lifetime high.
For short term or long term investors AxisBank have good support near 560-530.
As far as targets are concerned I always prefer to use Fib Extension tool when there is no background remain for any stock. And as per Fib Extensions level of 1.618 AXISBANK may reach 1270 within a period of 3-6 months.
Thanks for Reading and sorry there is not much to say in this chart. Its looks too simple.
|| Hari Om ||
Short / Long position on the ADA forcastSo it looks like we did fall under the support which has now flip to resistance. I am taking a short position and then I will be taking a long position once we figure out which way we are headed but for now there isn't another support until 1.05 so enter at you're own risk but I am going to sit it out until we have a confirmation that we are indeed heading back up towards the 50 & 61.8 fib levels.
Ebay Short Term View UPDATEThe Fibonacci Extensions at the top represent possible resistance points where profit taking may occur.
The Fibonacci Retracement drawn at the bottom represented ideal entry points into a long position.
The 50 and 100 Moving Averages should offer support in the short term.
Ebay is trading at a low Price/Earnings ratio of 15.
The current price level, though not an ideal entry point, still remains attractive.
ADA falling to $1.74 - $1.55 levels.From what I can see on the daily chart, the hourly charts, the 15min chart $ADA is looking to fall back down to around $1.74 - $1.55 area for the short-term pull back I expect a very large pump back up to challenge the $2.49 ATH once we hit the bottom of this downward pressure. But if you have any opinions please leave you're comments down below and I will get back to you as soon as I can.
Dogecoin Short Term ViewDogecoin did not find support at the 200 moving average and is trending downward.
The trend could reverse in the longer term, though it is more like to consolidate before doing so which means the downtrend should continue in the short term at least.
Fibonacci extensions offer possible areas of support.
The future of BTTwe can expect really good targets for BTT in Long & Short term future and you should have some of that in your basket
Red price Label & flags is our short term targets
Blue price Label & flags is our long term targets
USOIL Short Trade SetupThe last top can be the end of the wave B. It has come down from almost 0.886 retracement of the A wave, and the reaction was strong. It looks like we have a complete correction after the potential reversal impulse. My expectation is the C wave for a complete 4th wave. If the wave 4 is in the making, I think it will drop to the trendline. Now, I'm waiting for a trade setup after the correction to place a pending order.
Link uptrend channelIn this chart we seeing uptrend channel, if the support line do not break down we will have two positions for long order.
first is for scalping that I showed the entry point, stoploss and take profit points in the chart.
second if you have a long term strategy you should wait for the reisistance area breaks up and after that you take your position to the major channel resistance line.
Ethereum new development is likely to remain bullishLooks like ETH is developing a new channel and may take it easy from this point forward with a gradual bullish pattern.
Please share your thoughts, ideas, and evaluation. If you liked this analysis, smash the like button which will motivate me to publish more of my analysis often. Thanks for viewing!
Disclaimer: There is a very high degree of risk involved in trading. This is my very personal analysis and it does not intend to be a bit of advice in anyways.
AAVE PERPCurrently moving up in this ascending triangle - Big day as we've successfully broken through $500 and are now retesting it for support (I've already opened a long position here).
Daily chart looks set to blow up providing we can hold the 500 level. Next fib extension on the daily is 1.272 and sits at bang on $600 so will be placing a sell order just below.
Breakout of the ascending channel on the hourly is gonna be the trigger for this move.
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