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Trendanalyisis

BluetonaFX - EURUSD Falling Wedge Looking For Potential BreakHi Traders! EURUSD is currently in a falling wedge and is awaiting a break of the new range zone. There have been price rejections to both the upside and downside, which we have highlighted on the chart. Falling wedge patterns are commonly known as reversal patterns; however, there is a lack of bullish momentum here, and the failure to continue above our EMA confirms this. The levels to watch out for are 1.07658 on the downside, as this is where we had the price rejection to the downside. If we get a break at this level, continuation towards 1.07000 looks likely. To the upside, the level to watch out for is 1.08384; this is the high of the price rejection candle and the resistance line of the wedge. However, we need bullish momentum if there is to be a possible move to the upside. We would love to hear your thoughts on this in the comments section. Please also do not forget to press the like button and follow for more updates. Thank you for your support. BluetonaFX
by BluetonaFX
4
LTC/USDT 1D Review Chart Hello everyone, I invite you to review the LTC chart in pair to USDT, on a one-day interval. First, we will use the blue lines to mark the uptrend channel where the price is moving in the lower range. Moving on, we can move on to marking support areas when the correction begins to deepen. And here in the first place we have a support zone from $77 to $69, then we can see a drop to the second very strong support zone from $56 to $40. Looking the other way, we see that the price first has to break the resistance at $87.31, then we have a strong support zone from $98 to $114, once we break it we will move towards the resistance at $134. Please look at the CHOP index which shows that most of the energy has been used, on the RSI we have a rebound and we are moving in the lower part of the range, however on the STOCH indicator we can see that most of the energy has been used which may stop the current correction.
by cryptodailyuk
BNB/USDT 1D Chart ReviewHello everyone, I invite you to review the BNB chart taking into account the one-day interval. We can start by marking the local triangle with blue lines, as you can see we are approaching the exit of a specific product. Let's start by marking the support spots for the price and we see that the price stays just below the support at $240.72, then we have a strong support zone from $235 to $228, however if the price goes lower, we have the next support at $220. Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that first the price has to break the zone from $244 to $248, then there is the second zone from $251 to $255, and then the strong resistance at $261. The CHOP index indicates that there is a lot of energy to move, while the RSI moves around the middle of the range, which in combination with the STOCH indicator, we can see the price rebound.
by cryptodailyuk
Bitcoin outlook: BullishUpon conducting a comprehensive long-term analysis, it becomes evident that Bitcoin's current valuation persists below its median threshold. Nonetheless, an intriguing potential for a more pronounced bullish trajectory remains, poised to unfold before any significant bearish tendencies take hold. At the heart of this analysis lies a median value of 36094.0, an anchoring point that draws attention to a desired cyclic range spanning from 29507.2 to 42680.8. It's important to note that the attainment of this extensive range remains speculative, given the multifaceted uncertainties prevailing within the western markets, with a focal point on the United States where legal ambiguities cast their shadow. The unique strength that propels Bitcoin forward is inherently rooted in the foundational tenets of the proof-of-work principle, which serves as the bedrock of its decentralized structure. This decentralization stands as a critical linchpin for Bitcoin's sustenance and endurance amidst an ever-evolving landscape. Operating on a proof-of-work consensus mechanism, Bitcoin orchestrates a global network of miners whose collective endeavor validates transactions and reinforces the network's integrity. Through an intricate dance of computational prowess, these miners solve intricate mathematical enigmas, fortifying the very foundations upon which the blockchain rests. This intricate tapestry of decentralized participants meticulously thwarts any attempts at monopolization, shielding the system against undue manipulation, censorship, and the peril of consolidated authority. In stark contrast, a transition of Bitcoin to the proof-of-stake paradigm would inevitably usher in a shift toward centralization, undermining the robust decentralization that stands as its hallmark. Such a transition would confer decision-making power to those holding the largest coin stakes, thereby disturbing the democratic equilibrium that defines the present landscape. This transition threatens to erode the resolute strength of the proof-of-work mechanism and elevates the susceptibility to centralized control, presenting a potential vulnerability to the very ethos that has propelled Bitcoin to the forefront of digital currency innovation. Inextricably linked to this discourse is the onset of a bear market, which emerged on November 14th, 2021, an event that can be construed as a requisite course correction following a period characterized by an unhealthy and excessively bullish market upswing. My conviction is rooted in the belief that for Bitcoin to chart a sustainable growth trajectory, it must adopt a cyclically balanced approach, steering clear of the tendencies that lead to over-reliance and unchecked growth. Notably, the ongoing reliance on Bitcoin as a reference currency paradoxically impedes its untapped growth potential, raising pertinent questions about the need for diversification in its utilization.
Long
by RobertD7723
JUBLIANT PHARMA Levels, swing posed for an upmove of 20% 1) Monthly - Reversing from Previous low after a proper Double bottom Reversal Pattern. RSI perfectly moving from oversold to strength of 60+. Mid term investors may look to accumulate at the demand zones with Previous low 270 region as SL for a target of 625+. 2) Weekly shows a good breakout breaking out of an 8 months old stiff resistance, after having consolidated for solid 7 weeks. 3) As the daily RSI is in overbought zone, one may consider buying at the retest of the trendline breakout at 420 zone or the demand areas marked in green. Demand zones - Green zone. Supply zones - Black zone.
NSE:JUBLPHARMALong
by Rugminik
Nifty50 Analysis and Trade Plan for August 09Supply and demand zones marked on yesterday's chart hold good for tomorrow as well. Black Line zones - Resistances R1 - 19617-19639 R2 - 19723-19795 R3 - 19805-19822 R4 - 19842-19876 Green line zones - Demand S1 - 19593-19574 S2 - 19555-19510 S3 - 19595-19462 S4 - 19350-19295 Analysis:- Same as yesterday, Nifty has not moved majorly from yesterday’s OHLC. Hence Requoting “Nifty is in the process of forming a retracement, Lower High for the Downtrend formed. But if it moves strongly above 19684-19733 which is the 78.6% to 88.6% retracement levels of the previous major swing, which also coincides with the Gap supply zone and out of the falling channel that has formed, then there are high probabilities that the market trend would change to an uptrend.” 19530 will act as an important support level, for 2 days, the market has been taking support at 19530. Trade Plan:- If the Market opens a gap up – 1) Will look to short the market based on setup confirmation till the Gap filling / Trendline support/R1 or till 19530 based on price action and run further as needed. 2) Can go long only after consolidation breakout , but too many sell zones above, so may not be keen on this trade unless Nifty crosses and sustains above 19876 zone. Will watch for major resistance zones marked above – R2,R3,R4. If the Market opens flat - Will wait for Price action, may be a rejection at R1/TL Resistance again till 19530 or below or could be a consolidation again till 19530 and then move up. 1) Possible short scalp from TL rejection till 19530 based on setup confirmation or could wait till 19530 breaks and then ride till next support level of 19460. 2) Will go long only post consolidation breakout of the smaller TL that has formed today but would be cautious at the major Trendline above and also the gap supply above it, will be keen on price sustainability above the major Trendline till the gap zone of 19738. If the Market opens a gap down - 1) Will look to short the market if any setup confirmation signal is obtained till the demand levels as marked based on where it opens either at S2/S3/S4 levels. Will be keen to short if there is a huge gap down at 19400 based on setup confirmation. If the price takes support, one may wait for consolidation up moves. 2) Will look to go long only if any setup exists post 75 minutes of consolidation/price sustainability at the higher levels from the Possible demand levels. Please check for Demand zones below 19200
NSE:NIFTY
by Rugminik
1