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Trendalanalysis

Will BNB break the $ 456 barrier?Hello everyone, let's take a look at the BNB to USDT chart within 1 day. As you can see, price is moving above the local uptrend line. Let's start with the designation of the support line and as you can see the first support in the near future is $ 424, if the support breaks down, the next one is $ 404 and $ 388. Now let's move from the resistance line, as you can see, the first resistance is $ 456, if you manage to break it, the next resistance will be $ 497 and another one at the so-called fibretracement gold point of $ 538 = FIB 0.618. Looking at the CHOP indicator, we can see that in the 1D interval the energy slowly begins to gain strength.
by cryptodailyuk
OUR SETUP & ANALYSIS FOR USD/CAD (SHORT SELL)OUR CONDITION ANALYSIS - Timeframe : 4H - Currency : USDCAD - Market Condition : BEARISH (BREAKOUT ON SUPPORT) - Trading Style : SWING OUR ANALYSIS - Strong Resistance Point : 1.28787 - 1.29022 - Bearish Breakout Zone : 1.28052 - 1.27823 OUR TRADE POSITION - Open Price Position : 1.27788 - Stop Loss : 1.28161 - Take Profit (1) : 1.27183 - Take Profit (2) : 1.26315 This is our analysis, i hope you like it ❤️ How about your analysis ? Let me know on comment section!
Short
by rioadiguna
Possible move of Bank Nifty for 12th March 21Today even tough the banknifty opened gap up but was not able to cross the R1, being getting rejection from R1 it went straight way in to the consolidation bulls tried a lot to take it up but today the bears were bit heavy over the bulls, same as of 5th and 8th March then again 9th & 10th March, now we have to see which side it gives the breakout, which ever side it breaks out the possible targets are given on the chart or may possible it may remain the range. Please do not trade on this observation as this observation is strictly for study purpose. Before taking any trade kindly consult your financial advisor.
NSE:BANKNIFTY
by vishal3447
Possible long term 1:1 viewHello, I thought after a conversation with a friend the other day about chart scales I would post a 1:1 view. I usually experiment around with other custom scaling ratios, but I thought for future posterity I would post a correct 1:1 scaled chart. You might find other scale ratios work better with some instruments, while some don't. I have learned in the crypto world price sometimes does not go by traditional rules. I mean we are not trading a commodity or stock here, or even a regulated market for that matter. This 1:1 view does give a new and slightly different perspective on potential long term movement. Obviously the gann fan/momentum indicator from my last chart is positioned different, so keep that in mind. Also, I did draw in some potential support/resistance areas that might be worth observing in the future. The blue lines on the right after price breaks out is in my opinion what price is most likely to follow. Long term views are helpful, but as always new data might come in, something new might have to be analyzed, so keep an open mind. Also, one last thing this particular chart is charted out to 2025 if anyone might have that question. Happy trading all, cheers!
COINBASE:BTCUSD
by UnknownUnicorn2804040
3
BITCOIN STILL HAS STEAM BUT FOR HOW LONG? #btc #btcusd #trade Hello crypto guys and girls!! Bitcoin movement got interesting today or better say got even more interesting today. Let's take a look what happened, both yesterday at 16/6 and today at 9400$ got rejected. It got rejected although this time the resistance level of breaking the 9000$ and 9450$ where it lays the 38% fibonacci level should be significantly weaker as it is the second time and not the first that it would break it, since it have broken 9000$ again 2 weeks ago and the previous week correction was just a parenthesis since it closed pretty close to previous week, in fact even higher at 8942$. However the rejection till now isn't that strong just 300$ and already took back a good percentage of the pullback. These are the facts let's see how I think it will go from here. If we observe bitcoin price movement in a long term time frame of the last few months we can say that it moves inside the ascending triangle I have put on my chart. The pick of the triangle is pointing 11740$ also the price is still a little before half the total length of the triangle so it still has enough space to move inside the triangle until it reaches between 60%-80% of the total length of triangle where I expect a retracement. Btc seems it has a bit steam left inside but a retracement is in the near future and it is healthy for the btc price to occure, retest previous support levels and gain more strength for further higher movement. To sum up if bitcoin keeps moving inside this triangle it doesn't seem possible to reach 11500$ it will break earlier, if there is any possibility to go higher and test 11500$ it must pick up the pace and make some very strong green candles to tilt the pick of triangle, moving it above 11500$ and put that price between 60%-80% of the total length of the new triangle. Let's how it goes and I will update that post with later on movements of the price. If you feel like discussing about this trade analysis I ll be glad and feel free to comment. Yours Cryptohora P.S. : Like it if you like it ;)
COINBASE:BTCUSD
by CryptoHora