teakfinance

teakfinance

Key indicators used for analysis: 1. Zero lag moving average (ZLMA): Refined form of moving average that reduces lag while maintaining smoothness. 2. Price Volume Trend (PVT): Tracks price movement weighted by volume 3. Relative Strength Index (RSI): A momentum oscillator indicating overbought and oversold conditions. Support:$273.02 Resistance:...

teakfinance

What Does February Tell Us? As we zoom in on February, it stands out as one of Bitcoin's strongest months historically. Positive Trend: Over the past 10 years, 90% of Februarys have been positive! This is one of the highest success rates across all months. Average Return: February has delivered an impressive average gain of +15.51%, making it a standout month for...

teakfinance

Overview of the Chart: The chart represents the daily candlestick pattern for the Nifty 50 index, combined with the following indicators and tools: ZLMA (Zero Lag Moving Average) for 50 and 100 periods. Fibonacci Retracement Levels drawn from the most recent high to low. RSI (Relative Strength Index) to measure momentum and overbought/oversold conditions. ...

teakfinance

Over the past 14 weeks, Bitcoin ( CRYPTOCAP:BTC ) has been in a consolidation zone. As of now, the price is hovering near the support level. The speculation of a potential bullish signal can only be confirmed if Bitcoin manages to break above the resistance zone. At Teak Finance, we urge traders to trade responsibly. Please avoid overleveraging and ensure safe...

teakfinance

Arbitrum stands out as a premier layer-2 scaling solution, witnessing a remarkable surge in its token price, soaring by over 300% from its recent low of $0.5 to $2.4. This surge has captivated the attention of investors, especially amidst the bullish sentiments of 2024. Presently, the token's trajectory indicates a bearish trend, hovering close to its support...

teakfinance

ARBUSDT has gained almost 19% since its low of $1.011 on 8th May 2023. The coin is currently at its resistance zone of $1.2059 in a 2-hour chart. If the candle closes above this zone with volume supporting price we can expect the price to reach $1.30. Other technicals: Price is above 21-EMA and 50-EMA : Bullish RSI >50 : Bullish Supertrend : Buy Note: Studies are...

teakfinance Updated 

Price has been consolidating near the support level for a few days. The support level of $19.65 also represents Fib 0.618 level. If price breaks above the consolidation zone with Volume greater than Volume-21MA, we might see price moving to HKEX:27 which is also Fib 1.0 level. If the price breaks above HKEX:27 , we can see it moving to $38.65 (Fib 1.618). If...

teakfinance

The price of BTC has been moving within a range for the last 21 days with a high of $29184 and a low of $26508. BTC has maintained this range amidst various positive and negative news. If price breaks above this range with good volume, we can see price moving to next resistance area of $32000 and if price breaks below this range, we can see a retest of $25k...

teakfinance

Price of Cardano has moved by more than 50% since Jan 2023. $0.4234 is currently acting as resistance. If price rejects this level we might see it moving down to its support level of $0.3293. On a daily timeframe, we see price is above 21 & 50 EMA and RSI > 50 which shows bullish momentum in the price. If the bullish momentum continues and price breaks above...

teakfinance

The layer-2 token has witnessed huge trading volume since its listing in Binance. Since we don't have enough data available for analyzing price movement, we will be using 30 min timeframe. The token is witnessing resistance at $1.5729 and support at $1.1097. Taking these values as swing high and low, we can use Fibonacci retracement to find the upper target...

teakfinance

Rally in the price is mainly due to halving of coin which is likely to happen in August 2023. In the last halving (which happened in August 2019), the price showed the movement of almost 553% from its low of Dec,2018. Currently, the coin is trading at $94.9 with support at $84 and resistance at $103.34. If the daily price candle closes above the resistance,...

teakfinance

Currently, price is near its support level of $1650. If $1650 support breaks next support level is at $1580. The resistance level is at $1715. On a daily timeframe, the price is above 21-EMA and 50-EMA. MACD > MACD line and MACD > 0 : Bullish momentum RSI>50: Bullish momentum Note: Studies are for educational purposes only. We will not be responsible for any of...

teakfinance

In a 4-hour timeframe, the price has crossed 50-EMA with a volume greater than 21-MA volume. Currently, 200-EMA is acting as resistance and the price needs to cross above the EMA with volume greater than 21-MA volume. If price moves above 200-EMA, next target price is 2.837 with 200-EMA acting as support. Note: Studies are for educational purposes only. We...

teakfinance

The price of Bitcoin has dropped by almost 8% in the past week. Currently, the price is at support level of $21,600. On a daily chart, the price has closed below 50-EMA and 200-EMA . If price falls from the current level, the next target price of BTC is $20880 with stop loss at $21900. Other Technical Indicators: RSI < 50 ( indicating bearish momentum) MACD < 0...

teakfinance

Price is currently taking support at 1600 level which is also 0.786 Fib. If price breaks above 1740 level, with heavy volume , next resistance can be seen at 2000 level. If price breaks below 1470 support, next support can be seen at 1360 level. On a daily timeframe, the price is still above 50 and 200 EMA and RSI above 50. Important events in the coming week...