Technical
WTI Oil index trend analysisFor the WTI index, we see a strong support of $65-68. Due to the positive divergence with the power oscillator at this floor, it can have a growth up to $76 and then have a correction up to the $70 band. According to the February period, it can grow to the level of 80-82 dollars and will move towards 89 dollars in a higher time period.
Bitcoin momentum slowed downBTC Momentum has taken a small break after a significant move into the 40K territory. In the short term, I anticipate a continuation of the pullback to a previously established support area between FWB:39K and $38K, especially with holidays approaching. I will be closely monitoring the market and placing alerts to stay informed. This bearish expectation is based on the 50 EMA line acting as resistance and a previously double top pattern. However, it's crucial to remain vigilant as unforeseen events during the holidays can influence market dynamics. In the event of unexpected price action, it's important to have a risk management strategy in place.
Gold (XAUUSD) Update Next Week 18-22 Dec23 The market seems poised for a period of consolidation, suggesting a sideways movement before a potential directional shift. During this phase, support is anticipated around 2010 - 2007, and a retracement could lead to a brief upside towards the resistance at 2028 - 2030. The market currently aligns with a green chart pattern, showing a possible resistance followed by a descent to 2000 - 1995 for Target 1, and further down to Target 2 at 1975 - 1960.
Other side, If market successfully breach its resistance levels of 2030 - 2033, as indicated in the buying zone, an upward trajectory is likely possible. This could result in reaching the Target 2050 - 2060, with a subsequent move towards 2090. Monitoring the market closely is crucial to identifying whether it will adhere to the consolidation phase or exhibit a breakout in either direction.
BTC Short Term AnalysisBTC has been consolidating for a while, and is expected to make a good move for the short term either up or down within the period marked by the vertical white line.
Support is seen @40500 and Resitance @45000. These are important levels to watch for, breaking this will create a new medium term momentum.
Target profit, stop loss, Risk Reward Ratio, and Position Size as per risk-taking potential.
The Market Fundamentals and Overall Crypto Market Sentiment should also be considered before any action.
Note: Not Investment/Trading Advice. Purely Personal Views. DYOR Before investing or trading. Not responsible for P&L arising out of this idea.
BITCOIN FULL REVIEWthis would be a little long idea, I'm sincerely asking you to read until the end with all the comments to understand my idea completely.
I'm gonna analyze the bitcoin chart from weekly to hourly time frame and using some kind of different indicators to see as much reaction and knots as we can to find the proper behavior of price since the last dump.
generally, I have 2 kinds of view for this idea: 1- bullish and. 2- correctional. I believe there is no falling or another dumping view for this chart anymore ( at least until there is no global financial crisis ).
we start from weekly :
as I see from the start of the bullish movement in march 2020 we reach the ATH of almost $65k which was the 0.68 point of FIBO extension, then we had a retrace to 0 points of it.
As can be seen from the past chart. The price will not grow evenly, so we need retracements along the way.
And given the location and collisions of the candlesticks with the specified levels, the price may be currently in a place that needs a retracement.
From the beginning of the last uptrend on July 19, 2021, until now, we have started a perfect bullish movement, and now it is possible to retrace it by reaching the first target, which is the range of 0.38 Fibo and median fork.
considered the target :
Given that the static channel front range (indicate in purple) with a green line ( representing the 50% range of the fork) can indicate a good level for the target of the corrective movement.
Waiting For BTCUSD To Give Us A Sign On What It Wants To Do NextAfter a recent shake-up in the crypto world, where Binance and its CEO pleaded guilty to AML violations, it was believed that EASYMARKETS:BTCUSD might take a hit. However, the popular crypto pair just took a pause from moving further north. Now from the technical perspective, we see that the pair is currently struggling with overcoming the 38000 mark. Additionally, we can see that after reversing higher in the beginning of this year, EASYMARKETS:BTCUSD is trading within a possible rising channel. The channel is slightly on the tentative side, as it doesn’t have many confirmation tests, however, we will not ignore this pattern yet. We will remain somewhat positive with the near-term outlook, that said, a confirmation break above the 38000 barrier would be needed in order to attract more buying interest.
A break above that resistance hurdle may clear the way for a re-test of the upper side of the aforementioned rising channel. Around there we have the psychological 40000 hurdle. If that area acts as a good temporary resistance territory, we may consider a small correction back down. But if the 38000 zone becomes a new strong area of support, this might send EASYMARKETS:BTCUSD up again, possibly aiming for the 40000 mark, or even the 42000 or 43000 levels. Around there we have the continuation of the upper side of the rising channel.
Alternatively, to consider a larger correction within the rising channel, we will wait for a drop somewhere below the 35600 territory first. If such a move happens, this may clear the path for EASYMARKETS:BTCUSD towards the 31800 zone, or the 31000 area, which are near the lower side of the previously discussed rising channel.
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Head & Shoulder pattern breakout in M&MMAHINDRA & MAHINDRA
Key highlights: 💡⚡
✅On 1Day Time Frame Stock Showing Breakout of Head & Shoulder Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1715+.
✅Can Go Long in this stock by placing a stop loss below 1545-.
BANK NIFTY INTRADAY LEVELS FOR 23/11/2023BUY ABOVE - 43460
SL - 43400
TARGETS - 43560,43680,43770
SELL BELOW - 43250
SL - 43350
TARGETS - 43050,42800,42620
NO TRADE ZONE - 43250 to 43460
Previous Day High - 43680
Previous Day Low - 43250
I am sharing BANK NIFTY levels this levels acts as important support & resistance for intraday. if you want to trade with this levels wait for 15 min Candle closing above that levels. You can trade with breakout and reversal both.
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Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
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Bullish Wedge pattern breakout in GLENMARKGLENMARK PHARMA LTD
Key highlights: 💡⚡
✅On 1Day Time Frame Stock Showing Breakout of Bullish Wedge Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 875+.
✅Can Go Long in this stock by placing a stop loss below 745-.
Cardano bullish idea.After taking a swing at the elusive $0.40 target last Wednesday (11/15/2023), ADA got a taste of rejection. But, true to form, the next day, Cardano dusted itself off, shrugged off the setback, and made a bloody good comeback.
Now, pay attention. Picture Cardano strutting back into the ring, ready to take on a new, formidable resistance level. The bulls are eyeing triumph, and breaking through? Well, that's the key to unlocking a potential surge in Cardano's overall value. I'm eyeing the $0.50 - $0.60 territory.
GOLD ready to push for 2140 and the 618 extension?Gold has recently broken out of a bearish channel has retraced back to the 382 fib level. This predicts that price will head towards the 618 extension located at the 2140 region highlighted.
Price reacted nicely within the buy zone between 382-618 levels and is not poised to push higher.
BULLS PLAN:
- Buy dips at support and wait for role reversals
- Use lower time frames to enter into long positions and keep stop loss at sensible levels
BEARS PLAN:
- Wait for resistance levels and look for key data releases
Gold XAUUSD Intraday Signal 14-11-23R3 LRS 1988-93
R2 MRS 1968-73
R1 HRS 1948-53
S1 HRB 1938-43
S2 MRB 1928-33
S3 LRB 1918-23
These are the Supports and Resistances for the Intraday based on H1 Fibo levels combined with larger time frames SNRs.
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Shibausdt ,, tecnicall analyst 🐕From the number 663 in Shiba, we have been placed in the ascending channel, I also specified the ascending channel in (Rsi). Now we are waiting for the psychological number of 1000 for Shiba, in which Shiba has always reacted. So in the number 1000 . Maybe this will happen with a downward pullback, but it will happen very quickly, and it will continue its growth path soon, great choices always give great answers. Be profitable🌹