NSE: MGL has broken a critical resistance level on daily time frame. Long position can be initiated with target of 1:1 or 1:2 risk reward ratio Disclaimer: This is for educational purpose. We are not SEBI registered analysts. #TrendAnalysis #NSEindia #Trading #StockMarketindia #Tradingview
BHARTIARTL had broken 639 levels and had respected support multiple times. It has formed a double bottom pattern and also broken a recent trend line. Long position can be initiated with target of 1:1 or 1:2 risk reward ratio Disclaimer: This is for educational purpose. We are not SEBI registered analysts. #TrendAnalysis #NSEindia #Trading #StockMarketindia #Tradingview
ARVIND had broken resistance zone and had respected support zone of 85 to 89. there has been a recent breakout with good volumes with RSI above 60 levels Long position can be initiated with target of 1:1 or 1:2 risk reward ratio Disclaimer: This is for educational purpose. We are not SEBI registered analysts. #TrendAnalysis #NSEindia #Trading #StockMarketindia...
ETHUSDT has formed a double bottom and also an inverted head and shoulder pattern on the 1hr time frame Wait for a 15 mins candle to close above 1694. Buy Stop order can be used with stop loss of 1621 and Target for 1:1 (1763) and 1:1.5 (1798) risk reward ratio Disclaimer This is for educational purpose. #TrendAnalysis #delta.exchange #Binance #Trading...
Although charts have formed a descending flag , my observation points out that there might be an uptrend breakout. The daily resistance (which obviously has a stronger force) has been tested 4 times already and any price. The entry point would be around 1.762 or lower - where there are many buyers waiting Remember to set stop loss, it will secure your...
The current stage of the global market is mostly a downtrend and Gold is also a victim of the recent decline. At this point, it might slightly bounce before being sucked to $1800 where there is a lot of demand. Then, the price has a high chance to fluctuate around this point before making a new move. From my analysis, Gold on the bigger timeframe is still...
Sol does not show any significant buying signal and might be still on a big downtrend. Currently, this pattern can be considered as a modified descending flag . It will have another small downtrend before we can make further estimation. Also always check for the status of bitcoin. The current market state is driven by bitcoin. Remember to manage risk and reward...
1.052 is a daily resistance of EURUSD. We should expect a big bounce from the first touch but from the chart, there is no bounce at all. The accumulation zone has soon formed a descending flag , indicating that there will soon be a breakout. Right now is a good entry point for short but I'd wait until 1.054 to minimize the loss because it might be a false...
" Never catch a falling knife " is what I was always been told since the day I first come to trade. In some scenarios, experts are capable to do so with advanced technical analysis and experience. But they are experts, not me. I am still on the journey to explore trading as well as myself. As the picture above, bitcoin is in an extreme fear stage in which many...
Suffering from both Major downtrend and Minor downtrend , the strong accumulation zone around $38750 has been broken. With the new breakout, the whole cryptocurrency market looks like a bloodbath But nothing goes down forever (as things can not go up permanently), and there will be a good entry point for buyers. As you observe the chart, there is no...
Solana is currently in the dip of the supply/demand zone where I suspect there will be a rally before anything can go lower. As bitcoin is suffering from a sell-off, the best idea is to wait for a good signal before entering a long position, though sometimes things can change rapidly because we are in the most sensitive zone Observe all trading platforms, the...
This is my point of view on Ape. It will likely make a mini-explosion in the next few m15 candles
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