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Cup and Handle Breakout in PETRONETPETRONET has formed a classic Cup and Handle pattern on the hourly chart, signaling a potential bullish breakout. Pattern Breakdown: Cup Formation: A smooth rounding bottom from ₹310 to ₹337, indicating strong accumulation. Handle Formation: A slight retracement near ₹330, forming a consolidation zone before the breakout. Indicators: RSI: Currently above 70, showing bullish momentum. Volume: Increased significantly, confirming buying pressure. Key Levels: Breakout Level: ₹337 The price has broken above this resistance, confirming the breakout. Targets: Target 1: ₹350 Target 2: ₹360 Stop-Loss: Below ₹330 (handle low). 💡 Disclaimer: This is for educational purposes and not financial advice. Please perform your due diligence before entering any trade.
NSE:PETRONETLong
by jeet20
Good setup for BitcoinA break from the correction, marked here on the chart on the upper trendline, will be bullish for Bitcoin. There are some very good signs so far: 1. The MACD lines on the weekly chart seem to be converging, potentially going from negative to positive. 2. On the daily chart, we see the same pattern. This time, we broke the minor correction trendline with MACD lines already showing positive convergence. The power of one setup is often sufficient, but if it's valid on multiple timeframes, it's even better. What's your take on Bitcoin here?
BITSTAMP:BTCUSDLong
by WavesInvesting
BCH/USDT Trading ScenarioAfter a successful accumulation phase, BCH experienced significant growth in June 2023, rising from $90.6 to $330.1, representing an increase of over 267%. This was followed by a new accumulation phase, with the subsequent resumption of an upward trend. BCH has reached the trendline twice, which serves as support. The volume profile confirms the stability of the current upward movement, as market participants continue to move up along the trend. Currently, the BCH’s price has decreased by more than 40% from its last peak. The POC level could represent an attractive entry point. However, the possibility of continued decline towards the trendline should also be considered, where maintaining the trend may offer even more beneficial entry points for the BCH purchase.
by Rick_SimpleSwap
FXS/USDT Speculative TradingBelow is a speculative deal on FXS/USDT. After the consolidation period, the asset has begun to demonstrate an upward trend, showing a strengthening of its position in the market. During this period, the asset's price bounced off the inclined support level three times, indicating strong buyer interest at this level. As of writing, there is a consolidation phase around the Point of Control level, which may be a sign of a temporary slowdown and accumulation of positions for further movement. At the same time, a clear support level has formed at the price of $10.916, which has already been approached three times. Such price movements can provide opportunities to enter the market. At the current prices, there is a possibility of buying the asset with subsequent holding of the position in anticipation of overcoming the resistance level at $10.916 and further movement towards the $12.416 mark. The expected growth will be more than 30%. If the trend strength and positive market dynamics are maintained, we plan to hold part of the position for further participation in the movement.
Long
by Rick_SimpleSwap
The trend is your friend!Hi guys, This is @CRYPTOMOJO_TA One of the most active trading view authors and fastest-growing communities. Consider following me for the latest updates and Long /Short calls on almost every exchange. I post short mid and long-term trade setups too. In this chart, we will present some basic information about the bedrock of technical analysis – the trend. Technical research is founded on one main assumption: market prices move in trends as they are freely traded. Traders and investors hope to buy a security at a low price at the outset of an upward trend, ride the trend, and then sell the security at a better price when the trend stops. While this technique is straightforward, putting it into effect is incredibly difficult. Trends come in all shapes and sizes, from long-term patterns that last decades to short-term patterns that emerge minute by minute. All trends tend to have the same characteristics. Investors must choose which trend is most important for them based on their investment objectives, personal preferences, and the time they are ready to spend watching market prices. Trends are obvious in hindsight, but ideally, we would like to spot a new trend right at its beginning, buy, spot its end and sell. However this ideal almost never happens, except by luck. What exactly is a trend? 1. An uptrend or upward trend occurs when prices reach higher highs and higher lows. 2. A downtrend or downward trend is the opposite: when prices reach lower lows and lower highs. 3. A sideways or flat trend occurs when prices trade in a range without significant upward or downward movement. From the investor/trader’s perspective, a trend is a directional movement of prices that remains in effect long enough to be identified and still be profitable. The most popular method amongst traders to identify a trend is looking at a graph of prices for extreme points, tops & bottoms, and drawing lines between these extreme points. These lines are called trend lines . By drawing lines between tops and bottoms we get a „feeling” of the direction of price movement, rate of change of movement, and also its limits. When those limits are broken, they can warn us that the trend might be changing. Another method for the study of trends is the moving averages which smooth out and reduce the effect of smaller trends within longer trends. The number of trend lengths is unlimited. The ability for trends to act similarly over different periods is called fractal nature. When we say that the trends are fractal in nature we mean that in any period we look at we see trends with similar characteristics and patterns as each other. The trend length of interest is determined solely by the trader’s period of interest. This doesn’t mean that different trend lengths should be ignored. Because shorter trends make up longer trends, any analysis of a period must include an analysis of longer and shorter trends around it. Trends are determined by supply and demand . As in all markets, whether apples, oil , or used car components the economic principle of interaction between supply and demand determines prices in trading markets. Each buyer bids for a certain quantity at a certain price and each seller asks for a certain quantity at a certain price. When the buyer and seller agree and transact, they establish a price for that instant in time, whatever the reasons might be for the buyer wanting to buy and the seller wanting to sell. The technical analyst, therefore, watches the price movement and the rate of change of prices and doesn’t concern himself/herself with the reasons for the transactions because most times they are indeterminable. The number of players and the number of different reasons for their participation in supply and demand is close to infinite. Thus, for the technical analyst, it is futile to analyze the components of supply and demand except through the prices it creates. Furthermore, when someone invests or trades the price is what determines profit or loss, not corporate earnings or Federal Reserve policy. The bottom line is that the price determines success and fortunately, for whatever reason, prices tend to trend. Trade with care. If you like our content, please feel free to support our page with a like, comment & subscribe for future educational ideas and trading setups.
Education
by CRYPTOMOJO_TA
3
BTC BUYER COMES! Highly possible scenario with $50k breakout!After breakout the trend line on the way to new local highs, we should break through a serious resistance zone of $45400-52000. We are now making a retest of the trend line, which we have been consolidating for more than a month.There is a very high probability that we will hold that level and we will be able to open good positions. Also, the important level for the price is $50,000, as most traders pay attention to that psychological level. This is also indicated by the large volumes that have come in quite recently. Now we will watch the price movement and wait for good entry points. Write in the comments all your questions and the instruments you want to see analyzed. Friends, press the "like" button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Alex_Dehtiarov
BTC Key Upcoming Local Levels To WatchBTC is starting to break a local resistance level the .786 FIB Level. Vumanchu Cipher B Indicator (Top indicator) is also printing a buy signal while BWAP and money flow are simultaneously looking positive. The next local resistance level I believe will be in 39000 region as indicated by my spiderline (yellow doted line circled in red). If BTC breaks this resistance level and holds price the next resistance level to watch out for is 41000, if this happens it will signal a break of trend. Stochastic RSI also looking positve for a local move up into these levels i have specified.
COINBASE:BTCUSDLong
by valvelazcopryce
TLMUSDT long-term forecast. 250%!TLMUSDT long-term forecast from wunderbit. Globally strong level Absence of volumes above the 0.3 level Horizontal triangle Strong contraction to the level in the form of an ascending triangle. In case of breakdown of the 0.3 level and consolidation above it, expectation of a strong and fast upward movement. Since the volume profile above the level is empty and there is no resistance. The goal for working out the triangle. (2 vertical yellow lines)
Long
by Wunderbit