Bitcoin AnalysisSo many ways you can look at Bitcoin and all say the same thing. My goal is to highlight the different perspectives in the market Crypto.
1. Eaglizer Strat Daily: Price needs to reclaim 8 EMA (white moving average) for upside.
2. Range: Price needs to reclaim the Median level (white dotted line) for more upside.
3. Trendline: Price needs to reclaim the Trendline (yellow) on for upside.
In summary we're at an area that will determine if we are going to reclaim and continue higher or go down for a correction.
Trendlineanalysis
USDPLN is time to UP?!USDPLN reached the long-term growth base plotted since 2011 - there was the first important minimum in the white growth tunnel. Interestingly, each subsequent minimum every few years is practically exactly 30 polish "groszy" (polish cents) higher. Would this indicate that what we see here is the place to start? :) For a long-term purchase of the dollar on this instrument? We reached the bottom edge of the tunnel. However, this is a bit tenous, because if EURUSD still has growth potential, it is rather impossible for the USDPLN instrument to stand still (consolidation) and the zloty not to strengthen further. Movements on USDPLN are always inversely proportional to movements on EURUSD in 95%. If you buy EURUSD, sell USDPLN. CPI in Poland is still falling every month - 6,5% in November this year. I wonder how much level 3.75 is possible to achieve currently on sale? Several zones of demand (tf 1 Month) are also important here on the way down, they can brake this move ...and other TL's. Also check Fibo levels. On oscillators in long terms the instrument is practically sold out. The idea is interesting and the place is worth paying attention to now all the time. Because if the zloty starts to depreciate, it will automatically start to lose against the Euro, the Swiss Franc and probably also against the British Pound, as is usually the case. However, currently the GBP and EUR have little room to fall against the zloty.
GOLDEN STAR|EURUSD pullback from support and breaking resistance-The Eurusd has experienced a price decrease after reaching the resistance area and it is expected that the buying pressure will increase after reaching its support level.
-My idea is that it has a return from the support level and strongly breaks the resistance level ahead.
-With the breaking of the resistance level and pullback to the same area, the price is expected to reach the next resistance level which is the level of 1.1088.
-Share your opinion in the comments, and support the idea with a like. Thanks for your support!
BTC Daily Chart 11th December 2023As suggested in my last idea, COINBASE:BTCUSD wasn't able to pass 45K and had a small correction towards 40K.
Bullish : If BTC manages to stay above 40K and claim it as support, we could see another rally towards 48K.
(Somewhat) Bearish : If BTC drops (and closes) below 40K, the correction will go deeper to retest 38K as support.
MAHLOG is on the verge of breaking out of 2.5years old trendlineThe stock is attempting to breakout from a major trend line resistance that has kept the stock in a 'downtrend' for almost 2.5years now.
A close above INR 400 could mean a quick run for the stock towards INR 420 level.
Above INR 420 however is the region where the stock would almost 'fly' towards INR 500.
But since 420 is a prior supply zone one could expect some congestion in the 400-420 zone before the stock takes out 420.
INR 360-420 can also be considered as a long term accumulation range in the stock. The stock has spent almost 10-11 months in this range giving ample time to the interested parties to accumulate it for the future.
A breakout above the trendline and also above 420 could provide some great momentum to the stock in coming weeks/months to scale up to INR 500 mark.
Note*- The explanation of chart is based on personal opinions/observations. Please do your own research before making any trading/investing decisions.
SOL/USDT Trading ScenariosWe are considering two scenarios for the SOL/USDT pair.
After reaching the $68 level, the asset's price dropped to $51.08. At this point, there was a successful test of a strong inclined support level, followed by a confident rebound. Currently, due to the decline, an inclined resistance level has formed.
First Scenario: Upon the third approach to the inclined resistance level and price consolidation below it, there is a possibility of entering a long position. The potential target is $60, with a second target set at $68.
Second Scenario: If the decline continues and the price consolidates near the inclined support level, followed by a break above it and reaching $47.5 with a solid rebound and confirmation above $47.5 on high trading volume, there is consideration for entering a long position within this price range.
The growth potential is estimated up to $60.