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Trendanalysisexplained

Bitcoin making us fool. Be carefull!Hello Everyone, thank you so much for giving your time to my analysis. kindly like if you agree and comment you ideas. Now lets start! So, whats happening in BTC is interesting. YES, bears are still in the game. but don't forget, Bulls and Bears, they are same. We are looking at 3 type of chart patterns now in 2H time frame; 1. Descending Triangle : Blue line is making support and btc is forming lower high. Its a bearish trend. 2. Symmetrical Trangle : Light pink color trend line showing this triangle. it can be either bullish or bearish , depending on the market. In either case, it is normally a continuation pattern, which means the market will usually continue in the same direction as the overall trend once the pattern has formed. 3. Uptrend support line : Red line indicating support which was tested 4 times. If BTC break this time, we are going to see a healthy correction . Note: RSI is showing lower low divergence which is bullish. Hence, right now its very neutral situation. I am not taking any trade and will go with the flow. I may open Long or Short if chart shows any confirmation. Safe Trading!!!
COINBASE:BTCUSD
by Mr_Mainra
2
ADA/USD: Weekly Outlook AnalysisCardano still in this bearish trend that could to reach down to $0.24 cents as possible good point to start accumulate this cryptocurrency by long term. But I believe that we could to see ADA around $0.24 cents in the end of this bear market. Right now, Cardano it's above in the support #1: $0.41 cents and important key zone to watch, in case that Cardano get a break of this support, we could to see that the price can to move to $0.19 cents, but my realistic price could be $0.24 cents. But now, if you want to buy Cardano, wait for $0.24 cents. Because I plan to re-buy Cardano. I hope that this idea support you!!!
BINANCE:ADAUSDShort
by harisonhbn9718
6
Double Bottom structure in Bitcoin!!!Hello Everyone, I am sure you all must have seen this structure. Yes, It is Double Bottom in DAY Chart and it shows some hope for upwards movement in #Bitcoin. However, this journey is not that easy for bitcoin, we can see a very strong resistance in front of BTC from the level of 22500 to 24000. Will the buyers have enough strength to break this barrier and make the 24000 a support level? This chart shows my analysis for upcoming days. share your thoughts about this in comments. Weekly candle closing is also very important. if everything is right, than we may see "A morning star" pattern in weekly chart. which will be very important to understand where we are moving with Bitcoin. my positions right now: (Kindly manage your risk accordingly. my recommendations is for spot trading only) First Trade @ 20500 Long; Target: 22250 Stop loss: 20250 Second Trade @ 22250-22750 Long Target: 23500 Stop loss: 22000 Please like and comment to share your ideas. Happy & Safe Trading!!!
by Mr_Mainra
GBP/CAD: UpdateGreat Britain Pound/Canadian Dollar stil in this downtrend. Also I will do this update in this Forex par as this it's a short opportunity that I see in H2 timeframe. Also, my sell order limit around $1.5456 CAD was activated and I'm shorting this par with +20 pips earned for now. Also, the par it's in this opportunity that you can to put a sell order limit to $1.5450 CAD approx. and the same Stop Loss that I have in the box where to say trade information, you can to view my details. GBP/CAD break out this bullish diagonal line and we see a good momentum to short GBP/CAD The price it's into this bearish channel formed in H4 timeframe Good luck if you short GBP/CAD
Short
by harisonhbn9718
5
USD/CAD: My perspective in this movement U.S. Dollar/Canadian Dollar it's look into this bullish channel and right now the price it's into this bearish movement that could to reach to $1.2618 CAD approx just shorting this par. This it's my Daily perspective. Right now, I see a zig zag movement that first we could to long in this gray zone and then sell in the resistance grey zone that I show in these arrow models. But I will going to still pending this opportunity to long USD/CAD around $1.2855 CAD to $1.2940 CAD. But remember, on Thrustday we have an important news in Euro and U.S. Dollar Euro to watch the interest rate and U.S. Dollar to watch the initial jobless claims. I wil lconsider this idea neutral until I see a reacton of bullish sentiment in the gray zone. I will going to analyze another Forex par soon.
by harisonhbn9718
INDUSTOWER - Short-term uptrendINDUSTOWER - Short-term uptrend 1. It breaches the primary trend downwards, but now it breaks the brearish pattern upwards and forms the inverted head and shoulder pattern. 2. Short-term rally already started, the target is 260. 3. Fundamentally good stock to hold for the long term, but now it's on the downtrend so avoid it for the long term. Note: 1. I’m not a SEBI Registered advisor, my research is personal and for educational purposes only. 2. Always check with your financial advisor and take the trade as per your risk/reward ratio. 3. Follow me for more patterns and like, and share so that we feel it is helpful to many and share more patterns...
NSE:INDUSTOWERLong
by ravi15684
DHAMPUR SUGAR MILL - Short-term Trend analysisDHAMPUR SUGAR MILL - Short-term Trend analysis 1. V shape recovery, it falls more than 65% from the all-time high... 2. It May be in the over-bath zone. 3. If the stock opens and closes at more than 234 then it may have a short-term up rally. 4. Target is 317 if the market trend reversal. 5. Fundamentally good stock, maybe we can hold for the mid-term for a good profit. Note: 1. I’m not a SEBI Registered advisor, my research is personal and for educational purposes only. 2. Always check with your financial advisor and take the trade as per your risk/reward ratio. 3. Follow me for more patterns and like, and share so that we feel it is helpful to many and share more patterns...
NSE:DHAMPURSUGLong
by ravi15684
ETH/USD: Daily analysis outlookEthereum it's in this consolidation in Daily timeframe and maybe, I fixed 2 perspective: bullish and bearish (both scenario) to take a perspective to watch in this timeframe. So, the technical analysis it's interesting and more modern and classic. So, there're a good point to take best decision if you make Day trading. I hope that this crypto-analysis support you for you crypto-trading. I'm still in the bear market in Ethereum and rest of cryptocurrencies. I don't missing the opportunity to short cryptocurrencies in this bear market, as long cryptoucrrencies in the bull market like nice opportunity in crypto.
COINBASE:ETHUSD
by harisonhbn9718
2
EUR/AUD: 0.618% Fibonacci gold entryEuro/Australian Dollar look bearish in this side following the bad news in Euro currency and economy and how this Eurozone economy will affect the gas crisis through the world. So, I want to share some screenshot that I share here. Euro it's look extremely bearish in Daiy timeframe and also, I hope an opportunity that we could to short EUR/AUD during days and weeks to see. EUR/AUD it's in the gold zone in the 0.618% fibonacci key level and I see a good trade that we could to find down 194 pips in this only trade. So, I will put a sell order limit to $1.4930 AUD. Stop Loss to $1.5005 AUD (75 pips) and take profit to $1.4735 AUD (194 pips) So, I hope that this analysis support for you Good luck!!!
Short
by harisonhbn9718
3