Vedanta Ltd is a diversified natural resource group engaged in exploring, extracting and processing minerals and oil & gas. The group engages in the exploration, production and sale of zinc, lead, silver, copper, aluminium, iron ore and oil & gas. It has presence across India, South Africa, Namibia, Ireland, Liberia & UAE. Its other businesses includes...
Oh my, so many questions... let's beginn on thursday: I think that if we see a rebound early in the day, it might hold up to form this beautiful 'W' shape -OR- it breaks out completely ON. A. FRIDAY. But this might be just too far fetched these days.. IF the 'W' forms though, this gives at least somewhat of a ground. Will be tested next week then -.- If the W...
Verasity (VRA) is a protocol and product layer platform for esports and video entertainment. Total market cap is around 100 million. The 3day chart shows a strong sign of recovery and can be taken as a future outlook of the weekly. Bullish stuff: We did find a strong support around 0.02$. Currently it looks like we get a W shaped recovery which is one of the...
The 3day chart shows a strong sign of recovery and can be taken as a future outlook of the weekly. Bullish stuff: We entered the bull market support band and did not get rejected so far. The RSI shows a strong healthy rise. Trading volume is higher compared to the start of 2022. We formed a W shaped double bottom which is a strong reversal sign. Bearish...
Intro: - Ethereum currently has the biggest ecosystem and running smart contracts for a long time. This headstart led to a big market dominance compared to its competitors like Cardano, Solana, Cosmos, etc. - It takes some time to create such ideas and drawings. You are welcome to pay me back with a comment that states your opinion and maybe leads to further...
Intro: - Ethereum broke out of it's downtrend indicated by the yellow line. - Last time we said that the W recovery (drawn in red) is a stronger pattern and it did confirm for this time. - Guys please give me some feedback to improve my charts, analysis and commentaries. Daily chart on the left hand side: - ETH dropped three times to the 1750$ level and did...
Ethereum broke out of it's downtrend indicated by the yellow line. If we look at the last two bottoms we see a double bottom that formed a W shape which is commonly known was one of the stronger pattern. Daily chart on the left hand side: - ETH dropped three times to the 1750$ level and did get a bounce each time. - The volume did not really go up while the...
Synthetix Network is recovering and about to resume the uptrend if manages to hold above 100EMA and ascending TL. Current Price= 20.097 Buy Entry= 20.119 - 19.793 Take Profit= 21.773 | 22.904 | 24.234 Stop Loss= 18.699 Risk/Reward= 1:1.45 | 1:2.35 | 1:3.4 Expected Profit= +27.33% | +44.31% | +64.32% Possible Loss= -18.90% Fib. Retracement= 1.272 | 1.618 |...
SPY Tight squeeze Can go in either direction , the graph looks to me like it will go down soon, maybe a little up, but ALOT downward potential (in my opinion) Notice the W shapes on the graph before it crash. (bearish bat) i dont like the W too much... play SPY safely! except a surge of downward movement soon. SPY is at a weird state where stocks have been...
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I bought some SPXS 3x short this AM with the intent to play the technical rejection and flip it. I thought we would continue to see an artificial rally to test FIB 0.5 (279.50 SPY) The fact that we didn't have enough steam to reach 279 tells me people aren't as bullish as the media is portraying. Plus we saw double retest and rejection this morning. First, we...
Friday midday, the market looked like it was going to break out to begin a major decline back down to FIB 0 (DJI low of $18,169). Market held above FIB .236 (DJI $20,870) with the assistance of Fed playing "follow the leader" to artificially prop the market Friday afternoon. We consequently saw a strong bounce up to Fib .382 ($22,600), I think we see a rally to...
Thank you for your continued support :) Strategy: Bullish Chart Pattern Formation Bias: Bullish. ELSOFT, W-shaped bottom well formed with volume today, neckline at RM0.855. W-shaped bottom is a potential trend reversal pattern, which will revere the current unfavorable trend. Furthermore, ELSOFT share price breakout from a short term downtrend line with volume...
I call this The "W" for "Win" because it's a possible win with this "W - shaped recovery" trade. Keep it simple. Keep it winning.