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Whaleofallstreets

Crude Oil on a Major Level of Support on the Daily timeframeCrude oil has revisited the significant daily support level at $67. The price has previously shown a strong rebound by respecting this support. There is a possibility of a bullish reversal taking place, potentially forming a triple bottom pattern. However, it is important to consider the alternative scenario where the price maintains a bearish sentiment. In this case, a bearish breakout below the support level could occur, leading to a decline below this level and potentially establishing a new low for the year 2023. Traders and investors should closely monitor the price action and market conditions to gauge the direction and strength of the crude oil market.
TVC:USOILLong
by TraderChamp-Pro
Bitcoin is showing a potential downside towards $24500Bitcoin has experienced a bearish sentiment following a short-term rally. By analyzing the weekly timeframe, we can observe that the price has already confirmed a significant breakout on the recent support. Furthermore, there is a potential for further downside momentum, possibly leading to a revisit of the trend line and key level formed on the weekly timeframe, which is expected to be around $24,500 and near the 50% Fibonacci retracement level. Once the price reaches this expected level, there is a possibility of a bounce or buyback as the key level and trend line may act as support. It is important to closely monitor the price action and market dynamics to assess the strength and duration of any potential bounce or buyback.
Short
by TraderChamp-Pro
Ethereum back on Hourly Support with a Strong Buy-zoneEthereum has returned to a significant support level, where a strong buyback was observed in the recent past, leading to a price increase. However, the recent gains have been completely erased due to the ongoing selloff, which can be attributed to the SEC lawsuit against Binance and Coinbase. With the price currently at the highlighted support level, there is a possibility of a short-term buyback taking place. It is important to closely monitor the market dynamics and price action to assess the strength and potential duration of any potential buyback.
Long
by TraderChamp-Pro
Bitcoin back on the Hourly Low of SupportBitcoin has experienced a significant decline, revisiting the same low that was previously tested during the SEC lawsuit concerns on platforms like Binance and Coinbase. The recent formation of a low on the hourly timeframe suggests the presence of an important support level. This support has previously resulted in a strong buyback, indicating the potential for another short-term rebound. It is crucial to closely monitor the price action and market developments to assess the strength and sustainability of any potential buyback.
Long
by TraderChamp-Pro
Bharat Forge will continue to Rally with the Double BottomsBharat Forge has formed a bullish double bottom pattern, indicating a potential trend reversal. The recent breakout above the key level confirms the bullish sentiment. This breakout suggests that the price may experience a significant upward movement, potentially resulting in a gain of around 10-11%. It is important to monitor the price action and look for further bullish signals to confirm the continuation of the rally.
NSE:BHARATFORGLong
by TraderChamp-Pro
Gamestop may rally after a Bullish ConfirmationGameStop has entered an accumulation zone on the daily timeframe, indicating a period of consolidation and potential price reversal. To anticipate a bullish rally, confirmation of a breakout above this zone is necessary. Furthermore, there is a significant daily support level near the current market price, which has been preventing a downward break. Monitoring the price action and waiting for a bullish breakout confirmation will provide more clarity on the potential direction of GameStop's price movement.
NYSE:GMELong
by TraderChamp-Pro
Binance Coin is on an Important Support looking for ReversalBNB has indeed revisited the predicted support level, confirming the bearish breakout. This support level holds significant importance, as it has previously acted as a strong buyback zone for BNB. Additionally, there is an identifiable trend line connecting the higher lows, which is currently serving as a support level for the price. These factors suggest that the support zone and the trend line are playing crucial roles in supporting BNB's price at the moment.
Long
by TraderChamp-Pro
Bitcoin Falling wedge pattern with a Strong Support.Bitcoin experienced a significant sell-off recently, but the market has since fully recovered. Currently, there is a breakout and subsequent pullback on the support level after the price exhibited a bearish breakout during the sell-off. The daily timeframe reveals a clear falling wedge pattern, indicating a strong support. We are now waiting for a confirmation of a bullish breakout on this pattern to further validate the potential upward movement in Bitcoin's price.
Long
by TraderChamp-Pro