"A trader may initiate a long position in Bitcoin with a 15-minute time frame, as the price action is forming an ascending triangle pattern. The entry point is targeted near the 0.3 Fib level at the structure break, with an expected swing high target of 23200$ and a protective stop loss set at the recent swing low of 22710$. The potential reward to risk ratio is...
Our trade is based on the Smart Money Concept, which is a strategy that seeks to identify and follow the trading activity of large institutional investors, also known as "smart money." To do this, we will be following four key steps to identify trade levels: Step 1: Structure Identification on hourly time frame- We will be analyzing the hourly chart to identify...
Our trade is based on the Smart Money Concept, which is a strategy that seeks to identify and follow the trading activity of large institutional investors, also known as "smart money." To do this, we will be following four key steps to identify trade levels: Step 1: Structure Identification on hourly time frame- We will be analyzing the hourly chart to identify...
Our trade is based on the Smart Money Concept, which is a strategy that seeks to identify and follow the trading activity of large institutional investors, also known as "smart money." To do this, we will be following four key steps to identify trade levels: Step 1: Structure Identification on hourly time frame- We will be analyzing the hourly chart to identify...
Our trade is based on the Smart Money Concept, which is a strategy that seeks to identify and follow the trading activity of large institutional investors, also known as "smart money." To do this, we will be following four key steps to identify trade levels: Step 1: Structure Identification on hourly time frame- We will be analyzing the hourly chart to identify...
BNB "Inverted HNS Analysis" BNB/USDT Inverted Head and Shoulder Pattern The above chart of BNB/USDT laid out the inverted head and shoulder pattern. It is the inverse of the head and shoulder pattern. Generally, in this pattern, the price action slides downwards and then rises up. Thus, forming three troughs in the pattern, left shoulder, head, and right...
Ethereum "Broadening Top" Pattern Hourly (4H)Time Frame Analysis A bullish reversal pattern is a broadening bottom. Two divergent lines that are horizontally symmetric form the pattern. As a result, it is a reverse symmetrical triangle. As a result, the oscillations between the two triangle terminals are becoming increasingly large. Currently, Ethereum is in...
Bitcoin-Horizontal Analysis 31-12-2022 The above chart of Bitcoin laid out a horizontal channel pattern, also known as the sideways trend. In order to indicate how the price is constrained between the upper line of resistance and lower line of support, horizontal channels are trend lines that join changeable price highs and lows. Currently, Bitcoin is in the...
The above chart of Bitcoin laid out a horizontal channel pattern, also known as the sideways trend. In order to indicate how the price is constrained between the upper line of resistance and lower line of support, horizontal channels are trend lines that join changeable price highs and lows. Currently, Bitcoin is in the range of $16995. If the pattern continues,...
Bitcoin "Channel Trend" Hourly Time Frame Analysis The above chart of Bitcoin laid out an ascending channel pattern, also known as the rising channel . The upper and lower trend lines that connect the higher highs and higher lows respectively appear to move within a rising slope. This pattern is generally a characteristic of a bullish trend . Currently,...
Nifty 50 (+0.51%) Bank Nifty (+0.50%) Nifty 50 ✔️ After a flat start, the Nifty climbed on January 1st. At the closing, the Nifty was up 0.51%, or 92.2 points, to 18197.5. On the 15-minute time frame, the Nifty has been spotted in an ascending triangle pattern, and it has also been consolidating on the 50-day moving average. Technically, we can expect a...
LINKUSDT "Channel" Breakout Analysis The above chart of Bitcoin laid out the Horizontal channel pattern. Horizontal channel pattern also known as the sideways trend. In general, the horizontal channel is formed during the price consolidation. In this pattern, the upper trendline, the line which connects the highs, and the lower trendline, line which connects the...
Filecoin (FIL) Price Prediction 2022 Filecoin (FIL) holds the 33rd position on CoinGecko right now. FIL price prediction 2022 is explained below with a daily time frame. The above chart of FIL laid out a horizontal channel pattern, also known as the sideways trend. In order to indicate how the price is constrained between the upper line of resistance and lower...
Axie Infinity (AXS) Price Prediction 2022 Axie Infinity (AXS) holds the 56th position on CoinGecko right now. Axie Infinity price prediction 2022 is explained below with a daily time frame. The above chart of Axie Infinity (AXS) laid out a Descending Channel pattern. Descending Channel also known as the falling channel. A descending channel is formed by two...
APEUSDT Current Market Status APEUSDT Price Prediction 2022 Descending Channel also known as the falling channel . A descending channel is formed by two parallel trendlines . The upper trendline, which joins the highs, and the lower trendline, which joins the lows, run parallelly downwards. This pattern is the characteristic of a bearish market. Currently,...
COVID fear returns 🆘 Indian Index opened higher, but as reports of China's worsening COVID situation circulated, emotion quickly turned negative. Niti Aayog issued a warning about the improving COVID situation and its implications, further dampening the mood. 🆘Nifty 50 (-0.39%) Bank Nifty (-0.49%) Nifty 50: ✔️ Nifty opened positively, but as the Covid-19...
Dalal Street News Update ✅ Index fell after the worsening of the Covid situation in China and a sudden surge of cases in the United States, Korea, Brazil, and Japan. India VIX increased by 13%. ⚠️ 🆘Nifty 50 (-1.01%) -1.71% Bank Nifty Nifty 50: ✔️ The Nifty opened positively, but the bulls were unable to hold the 18450 level. It almost tumbled 311 points from...
Fears of a US recession, a policy shift by the Bank of Japan (BoJ), and an increase in COVID-19 cases in China have caused markets to fall nearly 200 points from yesterday's high. Nifty 50 (-0.19%) Bank Nifty (-0.12%) Nifty 50 Fears of a US recession, a policy shift by the Bank of Japan (BoJ), and an increase in COVID-19 cases in China have caused markets to...