ETC/USDT 4HInterval ChartHello everyone, I invite you to review the ETC pair to USDT chart. First, we will use yellow lines to mark the downward trend line from which the price broke out with an upward movement. And currently we can see movement along the local upward trend line.
With the current upward movement, it is worth spreading the Fib Retracement grid, thanks to which we can determine a strong resistance zone from $21.58 to $22.39, in which the price is currently struggling, while an upward move from this zone may result in an upward movement around $23.44 .
On the other hand, when the recovery begins, we can see support at $20.80, then we can mark the zone from $19.94 to $19.33, and then support at $18.54.
If we look at the RSI indicator, we will see a movement at the upper limit of the range, just as on the STOCH indicator we are also bouncing from the upper limit. Looking at both of these indicators, we can expect the price to recover in the coming hours.
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BTC Dominance 4HChartHello everyone, I invite you to check the current situation on BTC domination on the four-hour interval. First, we will use the blue lines to define the local channel of the downward trend in which the price has rebounded from the upper limit.
Now we can move on to marking support places in the event that capital continues to move to alts. And here, first of all, we have visible support at the price of 52.52%, then at the lower border of the channel there is a visible support zone from 52.10% to 51.57%, and then we can see support around 50%.
Looking the other way, we will check the resistance areas, and here we can see that resistance has formed at the level of 53.12%, then there is a resistance zone from 53.59% to 53.86%, and then strong resistance around 54.58%.
Please pay attention to the CHOP index which indicates that most of the energy has been used, on the RSI indicator we have returned to the support point, which could have resulted in a slowdown in the decline, while on the STOCH indicator there is a movement below the lower limit, which may also translate into a rebound.
Falling Wedge pattern breakout in BHARATIARTLBHARATI AIRTEL LTD
Key highlights: 💡⚡
✅On 1 Hour Time Frame Stock Showing Breakout of Falling Wedge Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1021+.
✅Can Go Long in this stock by placing a stop loss below 970-.
Broadening Wedge pattern breakout in LAURUSLABSLAURUS LABS LTD
Key highlights: 💡⚡
✅On 1Day Time Frame Stock Showing Breakout of Broadening Wedge Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 465+.
✅Can Go Long in this stock by placing a stop loss below 385-.
BNB growth after launchpool announcementI invite you to discuss the BNB chart on a four-hour interval. As we can see, the price has broken our yellow downtrend line with dynamic upward movements that are associated with the newly announced Lanchpool on the Binance exchange.
Due to the sudden increases after unfolding the trend based fib extension grid, we see that the price is fighting a strong resistance at $261, only when the price overcomes it will the path towards the next resistance at $279 open.
Looking the other way, we have visible support at the level of $252, then there is a visible support zone from $242 to $236, while a break from the bottom may result in a drop to the support level at $220.
When we turn on the EMA Cross 50 and 200 indicator, we will see confirmation of the return to the upward trend.
On the RSI indicator, we have approached the upper limit, which reduces the room for growth, while on the STOCH indicator, we are moving above the upper limit, which may result in a rebound in the coming hours.
LINK/USDT 4HInterval ChartHello everyone, I invite you to review the LINK chart on a four-hour interval. In this case, we have a visible movement in the upward trend channel, where locally the price remains below a strong downward trend line.
Now let's move on to marking support points for the price and we can see that first of all we have a strong support zone from $14.38 to $13.58, which is located just at the lower border of the current channel, but if the price drops lower and breaks out of the channel , we can see a strong decline close to the height of the channel towards the support level of $11.26
Looking the other way, we can see that the price has currently bounced off the resistance level at $15.32, when we manage to break it higher, the price will move towards the strong zone and the upper border of the channel from the level of $17.14 to the level of 18.09 $.
Please look at the RSI indicator because you can see movements around the middle of the range, while the STOCH indicator, despite the increase, does not show a significant price increase on the chart, which may translate into further declines and an attempt to leave the channel at the bottom.
BTC/USDT 1HInterval Chart ReviewHello everyone, I invite you to check the current situation on BTC in the USDT pair, taking into account the one-hour interval. First, we will use blue lines to mark the downward trend channel where the price remains. However, inside the channel, the yellow line will indicate the local upward trend line from which the price broke down, moving in the local downward trend channel. Let us notice that in the channel we have three reflections from the upper boundary and two from the lower one, which may potentially translate into a further downward movement and a breakout from the channel at the bottom.
Now we can move on to marking support areas in the event of a correction. And here, first of all, it is worth marking support at the golden FIB point, at $40,734, and then we will define the support zone from $39,974 to $39,015.
Looking the other way, we can determine resistance locations in a similar way using the trend based fib extension tool. First, we will mark the resistance level at $41,816, from which the price has currently bounced, then we have visible resistance at the price of $42,553, and then the resistance zone which is decreasing more and more from $43,125 to $43,826.
Please pay attention to the RSI indicator because you can see a rebound and return to the middle of the range to the place where it previously caused a new decline, while if we look lower at the STOCH indicator, we will see a dynamic movement of energy, which again created room for the price to be pulled down.
ETH Short-Term 1H ChartHello everyone, let's take a look at the ETH to USDT chart, on a one-hour time frame. As you can see, the price is moving below the local downtrend line.
Let's start by determining the support line and, as you can see, the first support is at the level of $2,092, and then it is worth defining a strong support zone from $2,005 to $1,959.
Looking the other way, there is resistance at $2,187, and then there is a resistance zone from $2,262 to $2,301.
On the RSI indicator we can see that we still have not touched the lower limit, and when we look at the STOCH indicator we will see a strong rebound which creates room for another price drop.
[INTRADAY] #BANKNIFTY PE & CE Levels(18/12/2023) Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 48050 level then possible upside rally of 400-500 points upto 48450 Level & this rally can extend another 400 point if market gives breakout 48550 level. Any Major downside only expected in case banknifty starts trading below 47950 level. also possible Reversal Downside 48450 level.
DXY (US DOLLAR INDEX)Hello traders!
The dollar index (DXY) in the 15m timeframe is in the (RISING WEDGE) pattern. Wait for the line break to confirm the scheme. The price retests the level of 101,750 and then the complete completion of the scheme begins. Rising to the level of 102.470. Be patient and wait for the breakout to enter the trade. Be careful!
Don`t forget to look at the economic calendar!
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LINK/USDT 4HInterval ChartI invite you to review the LINK chart in pair with USDT. First, we will use blue lines to mark the upward trend channel in which the price is approaching its lower boundary.
In this situation, we will unfold the trend based fib extension and check the support areas. And here we can see that the price is above the strong support zone from $14.42 to $13.60, but if it goes lower, we can see a break from the channel and return to the support area at $11.31.
Looking the other way, we see that first the price must overcome the important resistance zone from $16.57 to $17.31, which would also result in an exit from the channel and after breaking the resistance at $18.26, a path towards $21.
Please look at the CHOP index, which indicates that we have more and more energy, on the RSI indicator we are moving around the middle of the range, but the STOCH indicator shows a clear recovery, which may result in a greater price drop.
Will BTC overcome the resistance?Hello everyone, I invite you to check the current situation on BTC in the USDT pair, taking into account the four-hour interval. First, we will use the yellow line to determine the local downward trend, to which the price quickly returned.
Now we can move on to marking support areas in the event of a correction. And here, first of all, it is worth marking the support at the price level of $41,795, then we have visible support at the price of $40,711, and then we will define a strong support zone from $39,957 to $38,938.
Looking the other way, we can determine resistance locations in a similar way using the trend based fib extension tool. First, we will mark a strong resistance zone from $43,199 to $44,472, when it is overcome and positively tested, the path towards the resistance at $46,500 will open.
At this point, it is worth looking at EMA Cross 10 and 30, which indicate that the price tried to return to the upward trend, but everything indicates that this attempt was unsuccessful. And again the red line is approaching the intersection of the green ema cross 30 line.
Please pay attention to the CHOP index, which indicates that the sideways price movement has regained energy, the RSI indicator shows room for further declines, while the STOCH indicator, in line with recent predictions, has recovered and there is still room to pull the price lower.
Uptrend Channel pattern breakout in TATACOMMTATA COMMUNICATION LTD
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakout of Uptrend Channel Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1810+.
✅Can Go Long in this stock by placing a stop loss below 1754-.
BTC 4H Chart Hello everyone, let's take a look at the BTC to USDT chart on a four-hour time frame. As you can see, the price has returned and remains on the local downtrend line.
When we unfold the Trend-Based Fib Extension grid, we can determine the support zone from $41,250 to $40,716, then support at $39,954, and further support at $38,988.
Looking the other way, there is a strong resistance zone from $43,182 to $43,737, followed by strong resistance around $44,441.
On the RSI indicator, we remain in the middle of the range, but on the STOCH indicator, we are moving at the upper limit, which may result in a price recovery.
LTC/USDT 4hInterval ChartI invite you to review the LTC chart on a four-hour interval. As we can see, the price, with a dynamic movement, broke the local upward trend line at the bottom.
When we unfold the trend based fib extension grid, we can see that the price has retreated to a strong support zone from $70 to $67, however, if this zone is broken, we may see further declines towards the support level of $60.
Looking the other way, we can similarly determine the resistance areas that the price must face. And here we see that the first resistance should appear at $75.65, and then we will move towards the resistance zone from $79 to $81, and then to the resistance at $84.58.
The CHOP index indicates that there is energy to make a larger move, the RSI indicator shows consolidation and a small rebound, while the STOCH index, despite a strong move, did not give a large price increase, which may limit larger increases.
BTC Check 1HInterval ChartHello everyone, I invite you to check the current situation on BTC in the USDT pair, taking into account the one-hour interval. First, we will use white lines to mark the local channel of the upward trend from which the BTC price broke down, while it is worth defining the local downward trend with the yellow line.
Now we can move on to marking support areas in case the correction deepens. For this purpose, we will unfold the Trend based fib extension grid, and we can see support at the level of $40,510, while it is worth defining the support zone from $38,697 to $37,732.
Looking the other way, we can determine resistance areas in a similar way. First, we will mark the resistance zone at which the price stopped from $42,018 to $42,423, when it is overcome, we again have active resistance at the level of $43,591, and then there is resistance above the upper border of the previously mentioned channel at the level of $45,488.
At this point, it is worth looking at the moving averages 50 and 200, which show the place where the yellow ema cross 50 line crossed the blue ema cross 200 line, confirming the return to the downward trend.
Please pay attention to the CHOP index, which indicates that most of the energy has been used in the upward movement, on the RSI indicator we have returned to the upper limit, with room for growth, while the STOCH indicator is moving at the upper limit, which may limit the growth and provide a rebound in the coming time .
Reversal Double Bottom pattern in PELPIRAMAL ENTERPRISES LTD
Key highlights: 💡⚡
📈 On 1 Hour Time Frame Stock Showing Reversal of Double Bottom Pattern.
📈 It can give movement upto the Reversal Final target of Above 953+.
📈 There have chances of breakout of Resistance level too.
📈 After breakout of Resistance level this stock can gives strong upside rally upto Above 1022+.
📈 Can Go Long in this stock by placing a stop loss Below 850-.
Hellena | EUR/USD (4H): Long to resistance area at 1.08335. Dear colleagues, the euro has not been on our side all week. But I am sure that the most important thing is to catch the beginning of the corrective movement. At the moment the price can still update the minimum and reach the support area at 1.07335, but I consider only long positions to the resistance area at 1.08335.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
[INTRADAY] #BANKNIFTY PE & CE Levels(12/12/2023) Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 47050 level then possible upside rally of 400-500 points upto 47450 Level & This rally can extend another 400 points if market gives breakout of 47550 level. Any Major downside only expected in case banknifty starts trading below 46950 level. also possible reversal downside 47450 level.
SOL/USDT 4H Interval ChartI invite you to review the SOL chart on a four-hour interval. We will start by identifying the upward trend channel in which the price holds using the blue lines.
Let's start by marking support points for the price and we can see that first we have a support zone from $67 to $64, but if the price drops lower, the next support is at $61, at the lower limit of the previously indicated upward trend channel, but we can continue see a quick downward move towards the support at $50.
Looking the other way, we can similarly determine the resistance areas that the price must face. And here we see that the resistance level is again the level of $74, and then the price must again face the resistance zone from $77 to $80, which previously rejected the price, then there is resistance at the level of $85.
At this point, when we turn on EMA Cross 10 and 30, we can see that the red ema cross 10 line is approaching the intersection of the green ema cross 30 line from above, which may confirm the return to the local downtrend.
The CHOP index shows that there is still energy for a move, the RSI indicator is in the process of rebounding with room for further declines, a similar situation is on the STOCH indicator, which also shows that the rebound resulted in a small price movement and created room for another decline.
ETH/USDT 4H Chart ReviewI invite you to review the chart of ETH in pair with USDT, going on a four-hour time frame. First of all, we can use the blue lines to mark the downward trend channel from which the price went up and the increase itself was close to the height of the specified channel. However, locally it is worth defining the upward trend lines on which the price was also based in this correction.
Now let's move on to marking the support places. We will use the Trend based fib extension tool to mark supports, and as you can see, the first support is at the price of $2162, which has currently kept the price from falling further. However, once the support is broken, we may see the price return to the strong zone from $2,017 to $1,912.
Looking the other way, we can similarly mark places where the price should encounter resistance on the way up. And here there is a strong resistance zone from $2,373 to $2,501, which has stopped the price from rising further, but when we come out on top, another resistance should appear at the golden Fibonat point at $2,708.
On the CHOP windex we can see that the energy has been used in the price decline, on the RSI indicator we have returned to the lower part of the range and to the support point where we could previously observe price rebounds, while on the STOCH indicator there is still room for the price to fall slightly lower.
#NIFTY Intraday Support and Resistance Levels -11/12/2023Nifty will be gap down opening in today's session. After opening nifty start trading below 20950 level and then possible downside rally up to 20830 in today's session. in case nifty trades above 21000 level then the upside target can go up to the 21120 level.
BTC/USDT Short-Term 1H ChartHello everyone, let's take a look at the BTC to USDT chart on a one hour time frame. As you can see, the price is moving above the local uptrend line.
Let's start by marking the support line and as you can see, the price remains above the support zone from $43,938 to $43,683, and then we have a very strong zone from $43,068 to $42,605.
Looking the other way, you can see the resistance zone from $44,194 to $44,472, and then a path will open towards the second zone from $45,242 to $45,651.
Looking at the CHOP indicator, we see that it is gathering more and more energy, on the RSI indicator we have returned to the middle of the range, while the STOCH indicator has rebounded from the lower limit and resulted in an increase in price, but the energy is quickly used for recovery.