. EthereumClassic/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
. There is a...
Bitcoin is making lower low and lower high confirms bearish signal by breaking major support.
From my previous analysis, we can see Bitocoin had pullback to $11,000 and price has been rejected from ‘Resistance line made by lower high’ started down trend breaking major support at $9800. Next suport for bitcoin is $8800. We will analyze again,when it reaches near...
Bitcoin (BTCUSD) retraced strong... We caught the last peak, now we are seeing that a new low has been set...
Before we get started we would like to thank all of our readers, supporters, and followers, and Trading View as a company, its staff, and support, for ranking Alan Masters now as the #1 All-Time Top Cryptocurrency trader and analysts... I am deeply...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.2195.
But the short term forecast is range bound, so we expect to reach the following targets:
Set the stoploss of these orders at breakout of S2=1.2175.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
Guys, the original Blue Sky 90% strategy does not work in live market. It repaints automatically after hitting the "refresh" button. Therefore I have come with a solution, the script is the same but this time it does not repaint AT even after refreshing the entire web-page.
If you guys want to test this indicator in live market, feel free to ask me at Whatsapp...
This is complex Head and Shoulder pattern, the pattern in past has served profits very well. Open a short on break out of pattern neckline of price below 545 for target of 455 and 390..
SL 580 (price should close above 580 on day chart to exit)
This pattern formation make idea very strong. Happy Trading.
This position will need longer time to make both target...
Nifty Completes a Bullish shark @level 10730 for its D leg.
And forming another Bullish Anti Cypher, To complete, it has to reach 10670 Level. But the support for Nifty is available @10650 level.
So for Intraday what should be the Strategy?
There are two possibilities.
1. Nifty Opens with a gap up.
Then in this scenario we can assume that the Bullish Shark...
Today I felt like writing an obituary... of indian stock market! I wrote yesterday that it would fall even today based on data and indicators that were available, least did I know the fall would be so severe. And if you see the list of Nifty losers, the highest loser Yes Bank fell by 13.9%, 2nd, Vedanta by 7.8 % and 3rd, Indiabull housing by 6.8%. The High...
Confidence is a very important factor in trading and single trade can increase it or reduce it.
Why I always stress on Breadth tools? And how different are they from traditional indicators?
1. Breadth tools don't take the price of the asset in the account
2. Breadth tools will help us to see important information like "Number of Stocks Moving on UP TICK" and...
Nifty achieved its minimum projection of wave (v) which is 10722. And maximum projection of wave (v) is coming at 10440. so wave (v) of could be completed in 10722-10440 range which is big so lets concentrate on decline from 11181 in lower time frame chart.
HighLight tail with Yellow color at value low.
-> Tail detect each time when price taken U-turn.
Wave counting 5 are completed.
Gravitating price is at 11340 as a target.
(suppose to close above 11357, then the next target will be 11468 (more than 90% probabilities).
We may face Resistance at control price 11340 nearby, for target 11189.
95% chance to win if...
In the middle of coiling effect. Let us wait for the structure to finish & feel the real beauty. Happy Weekend
This coiling effect can be called "Ending Diagonal or Falling Wedge"
Plan A (Sell or Short Positions)-
Expect Bounce close to 11300 – 11325 & Sell in the zone 11300-11325 with stops above 11360.
Targets - 11250 / 11200/11150-11175...
NIFTY has closing in gap which was made during pre budget rally. We have the opportunity to trade the GAP setting 11400 has first tgt and support of 200 EMA has 2 tgt. Make your positions according to your target.
Bank Nifty is a probable Bullish Harmonic Dragon set up, currently at Ichimoku based support level. A bounce back from here could take it to 29000 where both daily/weekly resistance is found next. View would be negated if it goes and sustains below 27775
Short First & Long Later
Plan A –
Selling in 11685 -11710 for Targets - 11650-11660
Plan B –
Selling below 11650 for Targets - 11600-11615
Plan C –
Selling Below 11600 for Target zone - 11525-11540
Plan D –
Buying in 11600-11615 zone with strict stops below 11590 for 11700-11710 & Above 11725 for 11775-11800 & Above 11825 for 11980-12000...