Based on the technical chart and current economic sentiment, BTCUSDT is showing signs of breaking out from its downward channel. After a strong rebound from the recent low of 66,400 USD, Bitcoin is now trading around 67,275 USD, signaling a clear bullish outlook. The key support level at 66,798 USD highlights strong buying pressure. The next target for the upward...
The Bitcoin price chart presented shows a breakout above the previous downtrend line, indicating a bullish move. However, it’s approaching a key resistance level near $70,000. The chart suggests that the price may initially pull back to retest the support level around $65,892 before potentially resuming its upward trajectory toward $75,000 and beyond. Two...
Based on the XRPUSDT chart, the price is in a downtrend and is currently trading around 0.5282. Below is a potential sell strategy: Entry point for selling: If the price continues to trade below the resistance zone around 0.5504 - 0.5673, consider entering a sell position just below the current price (around 0.5282). Take profit target: The target price could be...
Ethereum (ETHUSD) is currently trading around $2,548 after experiencing a sharp decline from recent highs. The price action has brought Ethereum into a key support zone between $2,500 and $2,600, which aligns with the 50 and 200 moving averages. Two potential scenarios are visible on the chart. The first scenario (blue arrow) suggests a bearish continuation where...
The ETH/USDT chart suggests a possible bearish move: Resistance: Around $2,462, price may test this level but face rejection. Support: The support zone is at $2,420, where the price could potentially fall. Trading Plan: Short near $2,462 if rejection occurs, targeting the $2,420 support. Place a stop loss above $2,500 for safety. This is a straightforward...
This chart is of the BTCUSDT (Bitcoin/Tether) pair on the 1D (daily) time frame, showing that Bitcoin is in a strong uptrend within an ascending price channel. Brief Analysis: Uptrend in price channel: Bitcoin is currently trading within an ascending price channel with higher highs and higher lows. The price remains above the lower trendline of this...
Key Resistance Zone: The chart highlights a strong resistance around 62,811 - 62,838 USDT, where price is expected to struggle to break higher. This area is a potential zone to look for sell setups if price retests it. Support Zone: The green highlighted area around 60,000 USDT acts as a crucial support zone. The price is consolidating within this area, and the...
Key Resistance Zone: The chart indicates a strong resistance area around 63,657 - 63,679 USDT. This is where the price has previously failed to break higher and has shown signs of a reversal, making it a prime area to consider selling. Confluence Zone: There is a notable confluence zone marked between 61,776 - 61,929 USDT. This area is significant because it...
Based on the chart analysis provided, it is recommended to approach the market with a bearish trading strategy for the BTC/USDT pair. The chart outlines key resistance and support levels, which suggest a downward price action if certain conditions are met. Detailed Trading Plan: Current Market Condition: The price of Bitcoin is trading below two key EMA lines,...
Based on the BTCUSDT chart you provided, here’s a concise trading strategy: Resistance Area: The price range between $64,000 and $68,000 is acting as strong resistance. The price has previously been rejected at this level, signaling a potential sell opportunity. Sell Plan: If the price moves up and tests this resistance zone again ($64,000 - $68,000), consider...
BTCUSDT has experienced a decline as it approached the resistance level of 64,500 USD. However, looking at the technical picture, the uptrend remains steady, with the parallel price channel still intact and no signs of reversal from the 34 and 89 EMA. With these carefully analyzed factors, we should consider re-entering buy positions when the price hits the lower...
BTCUSDT is continuing its strong uptrend, currently trading around $63,590. In the short term, the bullish momentum is clear, with the trendline, EMA, and other technical factors all supporting the buyers. Personally, I favor a buy strategy with a take-profit target at $65,000. You can consider buying now or waiting for a price pullback to the trendline for a...
Simple Technique, Plotted High and Low of EMA 48 Time Period, Any Candle that closes above green with good volume, is a buy signal and vice versa
only for educational use trade at your own risk!
Hello Traders, here is the full analysis for this pair. Watch strong action at the current levels for BUY. GOOD LUCK! Great BUY opportunity in GOLD . I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it,...
EURGBP is a Stock Buy only ABOVE 0.88600 with Stop-loss of 0.88150 and Target of 0.89500
Tata Motors has a strong support around 442 in both weekly and monthly charts. Any dips can be bought with a weekly closing basis SL of 442, for a target of 510-519. Daily close above 469-470 will confirm the uptrend.