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RELIANCE - Bullish trendRELIANCE - Bullish trend 1. have good support at 2540 2. Now in a small downtrend, Looks like it will move upwards If the market trend reverses before it crosses 2540. 3. If the downtrend continues another support at 2420. 4. First target will be 2800 if the market reverse. Note: 1. I’m not a SEBI Registered advisor, my views are personal and for educational purposes only. 2. Always check with your financial advisor and take the trade as per your risk/reward ratio. 3. Follow me for more patterns and like, and share so that we feel it is helpful to many and share more patterns...
NSE:RELIANCELong
by ravi15684
HDFC BANK - Trend Analysis for InvestmentHDFC BANK - Trend Analysis for long term Investors 1. Golden ratio at 1110, It's a golden apportionment for the invertors to accumulate at this level. 2. It's not yet broken the 1st support at 1290. 3. Based on the NIFTY BANK weakness, the upcoming week will be more pressure on this bank. 4. Next support zones are 1275,1175 and 1110 respectively. 5. FII Slightly reduces the percentage of holdings for a couple of quarters, but at below 1100, they will start accumulating. Note: 1. I’m not a SEBI Registered advisor, my research is personal and for educational purposes only. 2. Always check with your financial advisor and take the trade as per your risk/reward ratio. 3. Follow me for more patterns and like, and share so that we feel it is helpful to many and share more patterns...
NSE:HDFCBANKLong
by ravi15684
NIFTY METAL - Bearish zoneNIFTY METAL - Bearish zone 1. It breaks the 1st support zone 4830 on the downside this week. 2. In a bear trap, the next support will be at 4490, and 4200 respectively. 3. Till it gets support most of the metal sector will be in a downtrend in upcoming weeks. 4. Example: TATA Steel will be on a more downtrend in upcoming weeks. Note: 1. I’m not a SEBI Registered advisor, my research is personal and for educational purposes only. 2. Always check with your financial advisor and take the trade as per your risk/reward ratio. 3. Follow me for more patterns and like, and share so that we feel it is helpful to many and share more patterns...
NSE:CNXMETALShort
by ravi15684
2
DXY reversal? Positive signs for the marketDXY is touching the top of a multi-year parallel channel on the monthly chart, whilst also displaying bearish divergence on the RSI. This, to me, signifies at least a small reversal over the next couple of months. This should be buillish for stocks and crypto, which are all reaching significant levels of support at the same time. There is a lot of fear in the market, and blood on the streets (at least in crypto), so I am buying in here for a swing trade. BTC: SPY: QQQ:
TVC:DXYShort
by SlumberJack92
ETH stays in the support zoneHello everyone, let's take a look at the ETH to USDT 1 day chart. As you can see, the price is moving below the downtrend line. Let's start with determining the support line and as you can see the support that should be taken into account is the support zone from $ 1856 to $ 1694 in which the price is currently located. Now let's move from the resistance line as you can see the first resistance is $ 2,153, if you can break it the next resistance will be $ 2,426 and $ 2,649. Looking at the CHOP indicator, we can see that on the 1-day interval we have a lot of energy to make a move, while the MACD indicator shows an upward trend.
by cryptodailyuk
The infamous Trend Reversal Trade The Trend Reversal Trade, can it work? I have been trading the market for 10 years & the statistics in NOT in your favour, this type of trade has a low probability & trading is a game of stacking the probabilities in your favour. this is to be distinguished from investing; which is a whole different game. Back to the infamous Trend Reversal Trade. This is the trade where most average home managed investors loose their money. Lets put this into practice. Imagine following: A good name stock price is over selling or maybe crashing with over balanced selling right into a demand zone. like WEED in this example on a (W) chart. The investor buys a LNG position & thinking he purchased a Good company stock for a good price, isnt that what balance & income sheet based fundamental trading teaches. Now, all one have to do is wait for the trend to reverse price goes up & big profit. expect that a big pay off does not come, hope is mislead by a bounce in price due to the demand zone. before the prevailing trend continues its down fall beyond your ENTR price, the emotions kicks in & you are in the red profit zone.wtf.. I hope you had a stop loss in place. If you are following me those far, those trades are dangerous..learn from my many mistakes..Fuc*king Hope What was my mistake? expecting a DZ to reverse the dominant trend & while this does frequently happen, and it is how market is created. but the futility is in the assumption that you can gauge the top or the bottom before the trend changes. I learned to wait for the trend to change without me then i ride the new trend. much like surfing a wave. ride the wave & trade the trend.
TSX:WEEDLong
by greatful-me
2
2020/5/20 11:30am XAU/USD analysePivot Point: 1834 Currently: Consolidating at this 1848.00 level , its next support zone is at 1856.00 Reaction: Resisted at 1817.00 and retraced back to 1807.00 I just started sharing my daily technical analysis of Metals & Forex Market with my indicators on tradingview~ Wish to receive some feedbacks from you! 😊 Btw you can feel free to use our designed indicators!!! Just lemme know if you want it! Follow & like our posts to support us😎! Can’t wait to chat with you more~
TVC:GOLDLong
by idealcase
1
Support and resistance levels for Bitcoin 17 May 2022BYBIT:BTCUSD These are the most Current Daily, Weekly and Monthly Levels for Bitcoin. Support and resistance Definition (quoted from Investopedia.com) The concepts of trading level support and resistance are undoubtedly two of the most highly discussed attributes of technical analysis. Part of analyzing chart patterns, these terms are used by traders to refer to price levels on charts that tend to act as barriers, preventing the price of an asset from getting pushed in a certain direction. At first, the explanation and idea behind identifying these levels seem easy, but as you'll find out, support and resistance can come in various forms, and the concept is more difficult to master than it first appears. Key Takeaways Technical analysts use support and resistance levels to identify price points on a chart where the probabilities favor a pause or reversal of a prevailing trend. Support occurs where a downtrend is expected to pause due to a concentration of demand. Resistance occurs where an uptrend is expected to pause temporarily, due to a concentration of supply. Market psychology plays a major role as traders and investors remember the past and react to changing conditions to anticipate future market movement. Support and resistance areas can be identified on charts using trendlines and moving averages. (end of quote) Trading based on these levels, I would suggest entering trades based on a sign of strength (Long) or weakness (short) at these levels. Never use Levels on their own, but enter trades based on confluence - i.e. Chart patterns, order flow, indicators, market structure
BYBIT:BTCUSD.P
by zartraderguy
MTLUSDT Wants the demand zoneThe price is creating a falling wedge on 4h timeframe and now the market is testing the support. We could see a new bearish impulse until 1.5. How to approach it? IF the price is going to lose the support, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
16
Will ETH use energy to reverse the trend?Hello everyone, let's take a look at the ETH to USDT 1 week chart. As you can see, the price has dropped below the uptrend channel. Let's start with the line of support and as you can see the first support in the near future is $ 2155, then we have a fundamental support zone from $ 1856 to $ 1694. Now let's move from the resistance line as you can see the first resistance is $ 2,811, if you can break it the next resistance will be $ 3,195 and $ 3,528. Looking at the CHOP indicator, we can see that in the interval of 1 week, despite the correction, we have a lot of energy.
by cryptodailyuk
1
Bitcoin VOLUME levels - this is NOT a free fallHey fellow traders, just a reminder to see the big picture... Look at the historical trading volume which is below us (actual price 38,5k atm) and the number of supports from them... Now imagine how much of a sell effort would that be to break all of them? Is it realistic? I feel NOT. Let's wait what FED will have for us next week, how the markets will react and if Dollar index would bump back off the historical resistance... GL&HF Cryptovlcoun
BITSTAMP:BTCUSD
by Vlcounek
BNB - possibility of a bull flaghello everyone In the past month we had the BNBUSDT covering a lot of the chart, we had a bull market (Mar 15-Mar 30), then a reversal pattern with the indication of divergence on RSI(Mar 30- Apr 04),then we had a hanging man candle to tell us the obvious downtrend happening on April 05.But anyway, Now we have a possibility of a bull flag on daily chart. As we all know a trend line with 2 leg's down is a weak one,So ,I expect to see another small down trend on lower time frames until the price hit the trend line. Our possible ideal down trend will break the 420$ support level, touches the 410$ make a shadow there and goes back up. key support level the weekly trend line( black one) & 390$(on daily) key resistance level 440$ (on daily)
by HubAlgo
GALAUSDT is testing the supportThe price is testing the daily support after a breakout from the dynamic resistance without volume. On the 4h timeframe, the price is trying to have a breakout from the dynamic 4h resistance. How to approach? IF the price is going to have a breakout from the 4h support on 0.2$ and retest as new resistance, we can add it to our watchlist and wait to apply our rules for open a new short position. The scenario is invalidated if the price is going to have a breakout of 0.24$ with confirmations –––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
Short
by InkyGrip
10
ALGOUSDT is testing the monthly areaThe price is testing a key monthly level of 0.68$ where the price bounced several times. Check the upper chart, the price respected that area. on the lower timeframe (4H) the price had a false breakout from that area. How to approach? If the price is going to confirm the breakout from the monthly support, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
BTCUSDT is testing the supportThe price is testing the lower trendline on the daily timeframe after a rejection from the 42k resistance. On the 4h timeframe, the price got a rejection from 0.382 Fibonacci level and created a new Higher low. The price is looking for a new bounce, and if the price is going to create a new Lower high we could see a new bearish impulse until the weekly support. How to approach? IF the price is going to lose the 4h support ton 38k and retest it as new resistance, we can add it to our watchlist and wait for applying our rules. According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
16
BTCUSDT is testing the previous support as new resistanceThe price got a rejection from the monthly resistance on 45700$ on the daily timeframe, the price created a double bottom on the monthly area and the price lost the weekly support at 40500$ on the 4h timeframe, the price is losing the support on 38500 after a rejection from 4h structure on 39522. Now the price is testing the dynamic daily support as new resistance. How to approach? IF the price is going to confirm the breakout, we can add it to our watchlist According to Plancton's strategy , we can set a nice order The next valid support is the weekly one on 34k The safe place remains the 42k ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
18