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Bullish Patterns

IDFC FIRST BANK (Psychology Analysis) Date 10th April 2024 Time: 3:30 IDFC FIRST BANK was in a correction from last year's Sept. After showing full correction Wave At the end of March it Gap Down and from 1st Day of April it Started moving up seems like its short covering . But More Confirmation for going long is on 8th April IDFC Gap Up and Going upside continuously. and finally, today it breaks Out from Resistance Line and give closing above it. Round figure Price level 80 is Strong Support with SL of 81 We can Long IDFC FIRST BANK. Target ATH Price with 1:5 Risk Reward. Thank You!
NSE:IDFCFIRSTBLong
by KRSCharts
4
Why "V" Shape Happened Last week in #Bitcoin ?Why "V" Shape Happened Last week in #Bitcoin ? High Risk-to-Reward Reversal Trades - Whales in Action: Big traders can manipulate the market to fill long positions. By driving prices down, they trigger stops/liquidations, then enter positions at favorable liquidity levels. Once the liquidity is absorbed, prices reverse upwards. - Liquidation Levels: Massive pressure on one side of the order book can lead to price reversals after liquidation levels are hit. - All Liquidation Levels Hit: If all liquidation levels in one direction are exhausted, there's minimal liquidity left, causing a natural price reversal. Opportunities for Traders: 1⃣ These reversals can mark local tops/bottoms, offering high risk-to-reward trades. 2⃣ Use tight stop losses and further take profits for maximum reward. 3⃣ Increase your chances by finding confluence with other indicators or support/resistance levels. CRYPTOCAP:BTC #BitcoinETF
by CryptoPatel
Dogecoin (DOGE) Bull Run Analysis Target Toward $4Dogecoin (DOGE) Bull Run Analysis Target: $4 (~25x from current level) Technical Analysis (Elliott Wave Count): According to my Elliott Wave count, DOGE is positioned to reach $4 in this bull run, representing nearly a 25x gain. Earlier, I suggested a buy entry around the $0.07 level, which has already yielded a 200% profit. Fundamental News: Recent news indicates that Tesla has updated its payment methods to include #Dogecoin, which further fuels a bullish outlook for DOGE. Key Takeaways: Maintain a close watch on the bullish trend and Elliott Wave count for potential upward momentum. The inclusion of DOGE in Tesla's payment methods could act as a catalyst for further gains.
Long
by CryptoPatel
2
Can $RNDR Hit $50? #RNDRUSDT Analysis:RNDR/USDT Chart Analysis Bullish Outlook: CRYPTOCAP:RNDR has shown impressive returns: 34x in a year and 10x in the last 7 months. However, given its impressive gains, current investment in RNDR/USDT carries high risk. Technical Analysis: The current weekly candle indicates a strong bounce back from support, signaling that RNDR remains bullish as long as it holds the $7 support level. If RNDR maintains this support, it could reach new all-time highs (ATH) and potentially rise towards the $50 mark. The RNDR project has strong potential for further growth. Bear Case Analysis: ➡️ If RNDR breaks the $7 support, consider accumulating around the $3.5-$4 range, which serves as a significant support level. Takeaways: ➡️ Monitor the $7 support level closely. ➡️ Consider the risk involved due to recent high gains. ➡️ If the support holds, RNDR has the potential to soar, but breaking the support could offer a good buying opportunity at lower levels. Follow me for latest analysis on real time.
RLong
by CryptoPatel
Solana Price Analysis: Will SOL Rally To $500 In Current BullRun#SOLANA/USDT Chart Analysis HTF Perspective: The SOLANA chart looks extremely bullish on the higher timeframe (HTF). A bullish Cup & Handle pattern is emerging, signaling a potential massive upward trend. Cup & Handle Pattern: According to my analysis, the Cup has already been completed, and we are awaiting the formation of the Handle. The handle's bottom is likely to form around $50, which presents a great opportunity to accumulate SOLANA in large quantities. Key Takeaways: ➡ The cup pattern is completed, and the handle pattern is in the works. ➡ The handle bottom could form around $50, presenting a prime buying opportunity. ➡ Once the handle pattern completes, a significant upward move is likely. ➡ Long-term targets are around $500 to $1000. Price Levels: ➡ Strong Support: $84/$46 ➡ Resistance: $200 Current Update: I initially highlighted this pattern when CRYPTOCAP:SOL was trading at $190, and now it's touched $116. If you booked profit at the top, well done! Disclaimer: This is not financial advice. Do your own research before investing in any cryptocurrencies.
Long
by CryptoPatel
$BTC Update: Falling Wedge PatternCRYPTOCAP:BTC Update: Falling Wedge Pattern Bitcoin is currently bouncing back within the yellow box but remains inside the Falling Wedge pattern/Bull Flag. Bulls need to surpass the $65,000 resistance level to confirm an upside breakout. If successful, we could see BTC headed toward $95,000 However, if BTC fails to hold the yellow Box support, expect potential downside to $50k and $40k. Stay cautious and keep an eye on these key levels! #Bitcoin #Crypto #TechnicalAnalysis
Long
by CryptoPatel
Ready for Altcoins Season? Bitcoin Dominance Analysis Ready for Altcoins Season? Bitcoin Dominance Analysis Critical Level: #Bitcoin Dominance hovers around the pivotal 55% mark, with potential outcomes hinging on breakout or rejection from 55%-57% resistance. Altcoin Scenario: Breakout could trigger an altcoin bloodbath, while failure could signal a significant altcoin season, potentially leading to new all-time highs. Observation: #BTC Dominance exhibits a pattern akin to the Bitcoin 2021 top. Confirmation Needed: Await an impulse downward to solidify the pattern, reminiscent of the 73%-39% move in 2021. Asymmetric Bet: Despite prolonged anticipation, the odds favor altcoins, presenting potential lucrative opportunities. Patience Pays: Success rewards those resilient against social media sentiment and market frustrations. Action Item: Vigilantly monitor charts for potential market movements, seizing earning opportunities as they arise. #AltSeason #Altcoins #Cryptocurrency
CRYPTOCAP:BTC.DShort
by CryptoPatel
1
ENA/USDT Ready to Upward move toward $2.5 ( 200% )ENA/USDT Chart Analysis Update XETR:ENA has just made a significant move, breaking through the resistance line of a bullish flag pattern. This breakout is a crucial indicator of potential upward momentum in the near future. Breakout Point: $0.89 ✅ We're now watching closely for a retest of the breakout level to confirm the strength of this move. If the retest is successful, we anticipate further bullish activity. Target: $2.50 This target is set based on the dimensions of the bull flag pattern, projecting substantial growth. Stop Loss: $0.78 To manage risk effectively, a stop loss has been set just below the recent support level.
Long
by CryptoPatel
2
NIFTY 2 MAY Expiry AnalysisThe market (NIFTY50) is currently trading at 22740. From Friday We have seen a sharp Buying. Now, I can see 2 images. Bullish Momentum: Will give you a good amount of return if it breaks 22760 level then target 22850+ Bearish Momentum: Will give you a good amount of return if it breaks 22720 level then target is 22600. Imp. Note: This analysis is provided for informational purposes only and does not constitute a direct recommendation to buy or sell stocks. Investors should conduct their own research and consult with financial advisors before making any investment decisions, as market conditions and individual circumstances may vary. Market Risk: However, it's important to acknowledge the inherent risks associated with investing in the stock market, including but not limited to volatility, economic downturns, regulatory changes, and unforeseen events that can impact stock prices. It's crucial for investors to remain vigilant and diversify their portfolios to mitigate potential losses. Thank you for Reading my complete Analysis, TTR
NSE:NIFTY
by NaveenTTR
NIFTY 18TH APRIL Monday AnalysisHello Traders, The market (NIFTY50) is currently trading at 22519. Friday We have seen a sharp selling (Please check my analysis 18th April Nifty Expiry, I explained about market and got the 200+ points target as well). Now, I can see 2 images. Bullish Momentum: Will give you a good amount of return if it break 22570 level then target 22800+ Bearish Momentum: Will give you a good amount of return if it breaks 22450 level then target is 22200. Also, Don't forget to see my Previous analysis: As per my 4th April Nifty Expiry, Our Entry Happened on 4th April, and TARGET Achieved on 8th April. Imp. Note: This analysis is provided for informational purposes only and does not constitute a direct recommendation to buy or sell stocks. Investors should conduct their own research and consult with financial advisors before making any investment decisions, as market conditions and individual circumstances may vary. Market Risk: However, it's important to acknowledge the inherent risks associated with investing in the stock market, including but not limited to volatility, economic downturns, regulatory changes, and unforeseen events that can impact stock prices. It's crucial for investors to remain vigilant and diversify their portfolios to mitigate potential losses. Thank you for Reading my complete Analysis, Naveen
NSE:NIFTY
by NaveenTTR
Crypto Market Update: Bitcoin Dominance & Altcoin SeasonCrypto Market Update: Bitcoin Dominance & Altcoin Season - MIL:BTC Dominance: Bitcoin's market share is near a 3-year high. Remember, a rise in CRYPTOCAP:BTC.D means more market cap is going to Bitcoin instead of altcoins. - Altcoin Opportunity: The best setup for altcoin growth is when MIL:BTC price rises but CRYPTOCAP:BTC.D falls. This means money is moving into altcoins. - Market Status: Altcoins had a tough week, while Bitcoin was stable. If CRYPTOCAP:BTC.D hits 57-58%, get ready for a real altcoin season! - Ready to Act? The perfect time for altcoins is coming. Stay updated and be prepared to move!
CRYPTOCAP:BTC.DLong
by CryptoPatel
ARB/USDT Ready for $10 in current bull market ?Arbitrum ( LSE:ARB ) Technical Analysis: Insights for Traders Short-Term Bearish Trend Analysis Arbitrum ( LSE:ARB ) is currently exhibiting a bearish trend in the short-term trading window. Traders should monitor for potential declines or stabilization in the market, signaling a possible reversal or continuation of the downtrend. Key Accumulation Zones Identified The optimal accumulation zone for LSE:ARB is identified between $1.00 and $0.90. This price range is deemed strategic for traders looking to buy LSE:ARB at a lower price point, potentially capitalizing on future price recoveries. Projected Long-Term Price Targets In the long-term perspective, Arbitrum aims for significant price milestones at $5 and even $10. These targets suggest a bullish outlook and represent critical levels for LSE:ARB to achieve substantial growth. Critical Support and Resistance Levels The support level at $1.30 is crucial; a breach below this point could lead the price to fall under $1.00, marking a new bearish phase. Conversely, resistance at $2.15 is the immediate hurdle. Overcoming this barrier is essential for LSE:ARB to initiate a stronger bullish momentum. Conclusion: Importance of Technical Diligence This analysis does not constitute financial advice but serves as a technical overview based on current chart patterns and market behavior. Traders are encouraged to conduct their own technical analysis (TA) and research diligently before engaging in trading activities. Stay engaged with market trends and updates to navigate the volatile landscape of cryptocurrency trading effectively. Follow for more Crypto quality chart analysis.
Long
by CryptoPatel
NIFTY 18TH APRIL | 23000 or 22500?Hello Traders, The market (NIFTY50) is currently trading at 22753. However, it's important not to blindly follow the buy or call side under the yellow box, as it signifies a UPWARD TO SIDEWAYS zone. Here are the levels and analysis for the NIFTY Expiry on April 18th (23000 or 22500?): Point 1: Avoid using the maximum amount in the Yellow zone, ranging from 22775 to 22700. Please do not trade in the 75-point zone. Point 2 (BULLISH): Consider going for the CALL side or bullish positions once the market crosses 22780. The targets will be: Target 1: Small Target with 87 Points which is 22856 Target 2: Big Target and All Time High with 23000 cross which is 23004+ After this, I expect a fall similar to 16 JAN 2024 when the 22000 level break. Point 3 (BEARISH): Go for the PUT side or bearish positions when the market crosses 22700. The targets will be: Target 1: Small Target with 54 Points which is 22650. Target 2: Big Target of 200 points which is 22500 and once this Target is achieved then we will be on the same page where we started on 28 March and then started TRAP TRADING. Also, Don't forget to see my Previous analysis: As per my 4th April Nifty Expiry, Our Entry Happened on 4th April, and TARGET Achieved on 8th April. Imp. Note: This analysis is provided for informational purposes only and does not constitute a direct recommendation to buy or sell stocks. Investors should conduct their own research and consult with financial advisors before making any investment decisions, as market conditions and individual circumstances may vary. Market Risk: However, it's important to acknowledge the inherent risks associated with investing in the stock market, including but not limited to volatility, economic downturns, regulatory changes, and unforeseen events that can impact stock prices. It's crucial for investors to remain vigilant and diversify their portfolios to mitigate potential losses. Thank you for Reading my complete Analysis, Naveen
NSE:NIFTYLong
by NaveenTTR
Potential Trading Opportunity in UPLUPL , is a stock that has been on a downward trend for quite some time. It has been consolidating for the past few days and is also forming a triangular pattern. Entry is recommended strictly upon closing above 478 , However, it might find support between 454-457 . If that happens, a slightly early entry with a risky stop-loss could be considered, but this approach is only recommended for risk-tolerant traders. This is just an observation shared, and no specific advice is being provided.
NSE:UPLLong
by iamrk7