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NIFTY DAILY - 12/4/2024Nifty opened gap down and bear stretch their arms and drag the nifty to low of the day that is 22503 which is around 1% and 234 points. Nifty has formed red body big candle with upper shadows which indicates participants were selling from upper end. A small part of candle is crossing 9 days Simple Moving Average Line on daily chart. Nifty is at support level which is 22518 so, further support will be 22364 with resistance of 22720 level. Today’s Advance Decline ratio of NIFTY50 Advance - 5 Decline - 45 FII Sell – 8027 crores DII Buy + 6341.53 crores. ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:NIFTY
by radha_23
NIFTY DAILY - 27/3/2024Index opens with gap and bulls stretch their arms for another day, and made days high that is 22193. Index has formed green body shaven bottom candle on daily chart, which indicates todays open and low are same and buyers were buying from starting of the day. Candle is above 9 days Moving Average line on daily chart. Index has broken the resistance of 22115 level so, further resistance can be 22381 level with support of 22028 level. Today’s Advance Decline ratio of NIFTY50 Advance - 22 Decline - 27 FII Buy + 2170.32 crore DII Buy + 1197.61 crore. ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:NIFTY
by radha_23
BTC monthly UpdateFollowing the run up to all time high in 2017, we had a bear market breakdown that lasted the year. This period was followed by an uptrend after bouncing off the monthly 50 simple moving average. That uptrend broke at the .618 extension and gave way to another breakdown to test the 50 simple moving average. PA wicked below the 50sma and opened above the following month, and the bull market was on. Here we are at the .618 extension with a doji candle formation following the 2021 top and subsequent breakdown. RSI level is similar to the previous reversal area (around 65) following the 2017 meltdown. The 50 sma looks to line up well with a major area of demand. Monthly open for february is tomorrow, and im expecting the monthly to open red. Both scenarios have printed 5 solid monthly green candles. I think we are due for the macro correction that many have been waiting for. This could be an excellent buying opportunity for those who have been sidelined or are looking to add to a position in anticipation of the next parabolic bull run. NFA Do your own DD
BITSTAMP:BTCUSD
by BallsOfSteel32
7
GBPUSD 4H Symetrical triangle + Bullish market structureOn the 4H chart for the GBPUSD we are getting a symetrical triangle Since the end of October we can observe a well defined Bullish market structure ( orange line ) which indicate an up trend For higher success ratio, you are looking for a breakout to the up side from the chart pattern as it will align with the general trend Additional factors to take in consideration: - The low points of the symetrical triangle pattern have bounced up from a support range created from the previous major low in this Bullish market structure and from the 200 SMA - Few candles back the 20 and 50 SMAs produced a Bullish cross. If the price goes up and breaks above the chart pattern, we will likely get a proper alignment of the price and the 20, 50 and 200 SMAs to give further confirmation of a further movement to the up side
Long
by RTED_Investing
XAUUSD ( Gold ) 1H chart Ascending triangleGold is forming an Ascending triangle on a 1H chart. The resistance of the pattern is aligning with the recent low points in the price creating a strong resistance range. The development here is important. If the price breaks the resistance, this can fulful the chart pattern and also break above the resistance range, which can push the price up. If the price breaks bellow the pattern and the resistance range, then it can continue down towards a new major low point. Additional confluences to monitor for: 20, 50 and 200 SMAs Currently, the 20, 50 and 200 SMAs are aligned to indicate a down trend. The price is testing the 50 right now. If it drops down to break below the chart pattern, this will also be a rejection from the 50 and a drop below the 20. This is a further strong confirmation for a general drop. If the price breaks above the chart pattern, what you want to see is the 50 moving below the price and crossing with the 20 to produce a bullish cross
FOREXCOM:XAUUSD
by RTED_Investing
Identifying Trends and Reversals 🎯💥HOW TO TRADE: Identifying Trends and Reversals 🎯 If you find this information helpful, please show your support with a LIKE ❤️. Here's my approach to determining the intraday direction when trading short or long, specifically focusing on the relationship between Price and SMAs(20,50 and 200), EMA200, Oscillator, Support Line and Patterns: 🐸 Simple Moving Average 20, 50 and 200 & Exponential Moving Average200 🐸 Stochastic Oscillator: focus when oscillator in RedZone or GreenZone 🐸 Patterns: H Pattern, Inverted H Pattern 🐸 Support | Resistant Line 💥 One example of such confirmation reversal from bottom is: oscillator in callzone, H pattern (double bottoms), smas(20,50, and 200) & ema200 support, support line resistant. 💥 One example of such confirmation reversal from top is: oscillator in redzone, inverted H pattern (double tops), smas(20,50, and 200) & ema200 resistant, support line resistant. Remember, trading involves risks, and it's important to have a well-defined strategy and risk management in place.
AMEX:SPY
by A1TradingHub
Logarithmic growth curveBy using the 140 sma in combination with the logarithmic growth curves (gab´s crypto) by baltristangabriel, we can see that the crossing of the 140 sma (blue line) and the red line on the logarithmic growth curve means the trend has shifted. When the blue line crosses up, it's pretty close to the top. When the blue line crosses down, a volatile move to the upside sets in motion. So even though these crosses may not predict the exact top and bottom, they do give a clear indication of the direction the pendulum is swinging. Estimated time for the next cross is 21. nov.
INDEX:BTCUSD
by kjetilt
RNDR is at Resistance - Will We See a Breakout?RNDR is at resistance and could experience a 120%-150% rally if the breakout pans out! The Details: Render Token (RNDR) is a cryptocurrency that powers the decentralized render network of OTOY. OTOY is a cloud graphics company that provides high-quality rendering services to the entertainment, architectural, and product design industries. RNDR is used to pay for rendering services on the OTOY network and can be traded on various exchanges. RNDR is at resistance; what now? RNDR recently rallied to reach its highest price since Spring 2022. This increase in price has attracted a lot of attention from investors and traders who are interested in the potential for future gains. There are two key support levels for RNDR that investors should be aware of. The first support level is between $0.75-$1.00. The second support level is at $0.35, which is the lowest price the token has reached since its inception. At present, RNDR is trading at the $1.60 level and is attempting to break out of this level. If the token is successful in breaking out, it is likely to head toward the next resistance, which is between $3.50-$4.00. This represents a potential increase of 120% to 150% from the current price. Bottom Line: RNDR powers the decentralized render network of OTOY. The token is currently experiencing a strong rally and has two key support levels that investors should be aware of. If RNDR successfully breaks out of its current trading range, it has the potential for substantial gains in the future.
R
by cryptohopper
Ethereum’s 145-Days Cycle Calls for a Rally in DecemberSince the start of the year, Ethereum's (ETH) price has followed a 145-day low-to-low cycle that now calls for a rally in December. Historically, the Ethereum price has a clear seasonality, with a tendency to produce high median returns in December. ETH 145-Days Cycle This cycle shows ETH's tendency to bottom every 145 days or so. ETH's price has followed this cycle very closely as follows: • On January 23, 2022, we had the first major low of the year. • 145 days later, we had the second major low for the year in mid-June. • On November 10, 2022, Ethereum printed another low, which is precisely 145 days from the previous low. The last 145-days cycle low also coincided with the FTX-driven crash, making it more relevant. We can distinguish an almost perfect symmetry between ETH's peaks and troughs, and the 145-days low-to-low cycle can also be observed as measured from high to high. There has been a 133-day high-to-high cycle since the start of the year. This means that every 133 days, we can expect the ETH price to make a high as measured from the previous high. If we project the 133-day cycle from the most recent high (August 14), we can expect the next cyclical high to develop on December 25.
COINBASE:ETHUSD
by cryptohopper
Is Huobi Token Megaphone Pattern Bullish or Bearish?Over the past 3.5 months, Huobi Token (HT) has been developing a megaphone pattern, also known as the broadening pattern. The pattern is neither bullish nor bearish, but it hints at a period of heightened volatility as long as HT's price remains trapped inside the megaphone support and resistance levels. HT Megaphone Pattern The megaphone pattern can be recognized by successive higher highs and lower lows. On the price chart, this pattern is visible by two diverging trendlines. Usually, the pattern marks a period of high volatility with no clear market direction. HT's price is testing the upper resistance trendline of the megaphone pattern around the $7.10 level. RSI Oscillator After the recent sharp rally, HT's price is greatly overbought. The Relative Strength Index (RSI) has reached 84, its highest reading since February 2021. Fears of the rally losing momentum are justified, as other technical factors are calling for a pause. Aside from extreme overbought levels, HT's price is also battling the key 200-day simple moving average. 200-Day Simple Moving Average While we broke above the 200-day simple moving average, it remains to be seen how this will play out within the megaphone pattern. For a fundamental shift in the market sentiment, we need multiple daily closes above the 200-day SMA. The current daily candle already shows signs of rejection at the megaphone resistance trendline, which may be another sign that, in the short term, the bullish momentum is running out of steam. Looking forward: To the downside, the first support area is the $5.00 big psychological level. A daily break and close below $5.00 will eventually open the door for a retest of the lower support trendline.
H
by cryptohopper
2
GBPCHF, WOULD TRADE THIS PAIR SELL ONLYAs this pair keeps forming lower low I think it is better to trade this with sell position. Sell the rally would be a wiser approach. Area sell is would be around 1.11906 (senkou a), 1.13621 (senkou b) or sma 50 1.14323. Then what if the price keeps breaking low without correction? Everytime it forms new low if you wanna buy it, risk only 1-2% from your capital. So far this pair yet gives any reversal structure. I wish u all have good trade.
Short
by HendyHalim
Ethereum Pre-Merge Pattern and Post-Merge PatternUnderstanding Ethereum's (ETH) price action before the merge event can give us further insight into what may lay ahead. Chart patterns are real, and the historical price action tells us they are repetitive. Based on the price action structure, it appears we're in the process of developing a Zig-Zag pattern, which is a price sequence where the first leg and the last leg are more or less similar. Ethereum Pre-Merge Pattern Based on the Elliott Wave analysis, Ethereum is forming a zig-zag pattern in the cycle from the mid-June low. In the first leg up (wave A), the price shows a five-wave price structure. The price then retraced in wave B, bottoming at the $1,424 low. The current price action structure suggests ETH's price is calling for further strength as long as the $1,424 low holds the downside. It may be that post-merge, ETH's price will surge to complete wave C of the zig-zag pattern. Wave C should have the same internal 5-wave price structure as wave A, which, if it transpires, should call for further strength above the $2,000 psychological level. Looking forward: The next big hurdle once the $2,000 level is cleared is the 200-day simple moving average, which currently stands at $2,080. If wave C equals wave A, then we can potentially see ETH's price hitting $2,500 during the current bull run.
by cryptohopper
Ethereum Flashes Golden Cross Signal for Second Time in 2022Ethereum (ETH) printed a widely followed bullish signal on its daily chart that calls for more upside ahead. This technical pattern can signal a shift in market sentiment from bearish to bullish, and we're likely to experience higher prices. ETH Golden Cross The golden cross is a moving average crossover strategy triggered when the 50-day simple moving average crosses above either the 200-day or 100-day simple moving average. This is the second time that Ethereum has printed the golden cross signal this year. The first golden cross signal occurred in mid-April, but it failed to lead to higher prices. However, the first failed attempt can be a positive sign now, because we’re less probable to get the same buy signal twice and fail in both instances. However, given the overall market bearish circumstances, there is still a relatively high chance of failure. Some research suggests that the golden cross has about a 64% success rate. Short-Term Oversold Readings In the short term, we can see that ETH's price is oversold, at least according to the stochastic indicator. Additionally, the sell-off from the $2,000 big round number appears to have found support at the 50% Fibonacci retracement level measured against the rally from the mid-June low. The 50% Fibonacci level is currently at the $1,455 level, and below that, we have the $1,280 intermediate support level that intersects a rising trendline. Looking forward: As long as the support levels hold, the bulls have another chance to try to reclaim the $2,000 psychological level.
COINBASE:ETHUSD
by cryptohopper
3
How Ethereum Could Break Above $2,000Ethereum (ETH) has experienced another tremendous rally of about 130% since its June low. That said, in the short term, price action indicates that the $2,000 psychological level is still a difficult resistance to overcome. Here are three things that need to happen to give ETH a higher chance of breaking above $2,000. #1 RSI Needs to Stay Above 50 The Relative Strength Index (RSI) needs to continue printing readings above the 50 mid-level. This will signal that there is positive momentum behind the current rally. #2 Golden Crossover Signal Needs to Materialize A golden crossover between the 100-day and 50-day simple moving averages is a significant bullish signal. The two moving averages are currently very close to one another, and the signal could happen anytime in the coming days. A golden crossover can happen when the 50-day SMA crosses above the 200-day SMA, or when there is a bull cross of the 50-day and 100-day moving averages. By using the second combination of moving averages, we get the golden crossover signal much earlier. #3 Pullbacks Need to Stay Above $1,500 Any pullback in price needs to fail above $1,500. Otherwise, we may end up breaking below the 100-day and 50-day simple moving averages and below crucial support levels. A break below $1,500 will diminish the probability of a continuation beyond $2,000. Bottom line: For Ethereum's rally to continue to $2,000 and beyond, the RSI needs to stay above the mid-level 50, the 50 SMA needs to cross over above the 100 SMA daily chart, and finally, any pullback needs to remain above $1,500.
by cryptohopper
Ethereum ETHUSDT - Millennium Elliott Wave + 200 weekly MA!- As per my Elliott Wave analysis on the weekly scale, we have 2 impuls waves successfully completed and now we are missing the final impulse wave! - ABC correction (Wave 4) can be done, because wave 4 should not overlap the first wave. - 200 weekly moving average is currently acting as a very strong support! - Also the price is currently sitting on 0.786 fibonacci retracement. - If you take a look at RSI indicator, you can spot a bearish divergence from previous waves, which helps us to identify the Elliott wave structure. - Looks like the bear market can be over and we are ready for another massive bull market! - Check my related analysis for Bitcoin down below!
Long
by UnknownUnicorn2537518
3