Kru-KB

Kru-KB

TATASTEEL EW and Harmonic Pattern Analysis

Kru-KB

For the pattern to be invalid it needs to break the levels 32630-32680 with solid volume, which seems unlikely at this point. When the pattern is valid you know it is a bearish pattern. Possibility of a swing short position when observing bearish signs with trend weakening.

Kru-KB

Like I said yesterday depending on the daily candle that showed us bulls pushing hard over the resistance level. Bulls did a nice followup. On an Intraday basis, if we see price action is following a channel. Trade setups according to channel support and resistance. Swing trade perspective I am still not confident to short till 32500-600 levels or I see some...

Kru-KB

The daily candle closed above resistance around 32150-32200. Daily MACD is about to cross. The daily candle looks like a hammerhead candle where bears try to protect the resistance but bulls successfully beat them and closed the price action above the resistance level.

Kru-KB Updated 

Banknifty is right at the resistance around all-time high range. A daily close above 32150-32170 range would mean that the bias shifts towards the bullish side. With that momentum, it can fly around 32350-32450 range in the short term. Support and Resistance levels are identified with green and red respectively. Also, the pitchfork is drawn to see the trend. A...

Kru-KB

Banknifty price action

Kru-KB Updated 

It is trying to break out from the falling wedge. Good Opportunity to open long position. Bounced off from the horizontal support as well as trend line support POssible entry below 0.000091 SL : 0.000088 Possible targets : .000094, 96 and 98 (Binance Price)

Kru-KB Updated 

Price around 0.02 provides good support for Bitcoin SV. Additionally, it broke out from falling wedge pattern with vol confirmation in 1 Hr chart. However, breakout seems to be not much strong and met with some selling pressure. At present 1 hr and 4 Hr RSI is approaching towards overbought zone and supplemented with selling pressure makes price action in to...

Kru-KB

Seeing descending triangle now on a daily chart. Also i think ABC correction is also done (unless price action break the thick resistance around 4100-4200 with a solid vol burst) More likely, it will try touching 3800-3900 range and then fall down again. I personally think that if it is breaking 3500-3600 Support, it may fall down up to 3000-3100 to form a...

Kru-KB

For now, Support around 3550-3650 is holding up. In addition, it is in the oversold zone as well. Most likely, it will consolidate here for some time before trying to attempt to push upwards to touch the Resistance Zone around 3800. However, te bigger picture is still bearish. We have (1) Daily EMA 21 around 3800 USD (2) Weekly EMA 200 around 4100 USD (3)...

Kru-KB

Shorting Tron Idea. Wave 3 is about to finish with wave 4 retracement up to .618 Fib level or up to wave 1 Peak.