Eth has been following this descending parallel channel from 8th May. For short term traders this can be a good opportunity to long eth when it's near the base of the channel which is roughly around 1528 - 1538. The target could be the middle of the channel depending on where it meets. The stop loss could be 20 points outside the channel. If it somehow breaks the...
From October last year Eth has entered into a parallel channel. Though it made a ATH ,but it was inside the channel. Since then eth has been making lower highs and lower lows. It is clearly in a downtrend. But now eth has found a good shown as line (A). And it's possibly making a double bottom at the support on the daily chart, it has made a double top on the 4 hr...
Being a pretty new coin, Bitgert is one of the fastest growing ecosystem in blockchain. It has some fundamentals and is attracting a lot of people in the ecosystem as it is gasless. Many new programs are developed , engineered and audited in this system. This being the fundamental part we must keep in mind that this is still needed and will take time to grow. As a...
Since the rally started after Oct 2000 we have been noticing volatility in BTC prices. From Jan 2021it has entered into a disjoint channel. Prices went from point (A) to point (B) forming the channel and then it came back to point (C) in June 2021. It reversed its direction to make ATH on Nov 2021to point (D). From there it again turned direction to touch the...
With the global economy situation and RBI's rate hike Nifty 50 is currently at a support zone now. Inside the support zone we have a trending support and fortunately nifty had taken support from this line. But this seems as a weak trending support, and breaking it will cause the index to consolidate in this range for a few days. Whereas breaking the support zone...