The MASK-USDT chart reveals an intriguing scenario. Currently, the token has broken a strong prevailing trendline and therefore attracting buying pressure/sentiments. However, it's crucial to note that sellers are also consolidating their positions, indicating a potential downside. Traders should closely monitor the market for a reversal at 4.800 - 5.000 levels....
Currently, BTC is displaying a recurring pattern of lower lows and lower highs within the hourly time frame. However, there is a potential for a bullish upswing at the Order Block Zone around $26,500. It is worth noting that in technical analysis, a significant shift in market sentiment can occur when we start observing higher highs and higher lows, indicating a...
Bitcoin BTC ascends in a triangle, breaks through the upper green line, and finally reaches the upper yellow line, looking at the new high before the breakthrough.
Hello; Long term investers I wanted to share my thoughts on the recent movement in the stock price of SONACOMS. As you may know, the stock has fallen 50% from its upper levels, and is currently taking support at its current price. In my opinion, this presents an Good opportunity for long-term investors to buy into the stock. SONACOMS is a company with strong...
An ending diagonal serves as the top stone of an impulse (wave 5) or a zigzag (wave C), so let's find out more about an ending diagonal pattern. The main rules for an ending diagonal This pattern subdivides into five waves. Wave 2 never ends beyond the starting point of Wave 1. Wave 3 always breaks the ending point of wave 1. Wave 4 usually breaks beyond the...
Fresh Analysis 16.05.2023 CCL Products CMP 606 Entry Conditions:- 1. Above 613,Stop Loss-603. Target-1:2,3 Disclaimer- This analysis is just for the educational purposes.
The rising channel of Ethereum ETH has stepped back on the support line below the channel, and the five-wave trend is expected to break through to a new high.
NSE:BANKNIFTY Flip zone: : This zone is such a zone which will work as resistance if price is below it. And it will work as support if price is trading above it. Resistance zone: This zone will mainly work as resistance. Once price sustain above it then it is considered as breakout. Support zone: This zone will mainly work as support. Once price sustain...
NSE:NIFTY Flip zone: : This zone is such a zone which will work as resistance if price is below it. And it will work as support if price is trading above it. Resistance zone: This zone will mainly work as resistance. Once price sustain above it then it is considered as breakout. Support zone: This zone will mainly work as support. Once price sustain...
Scenario 1:- There is a possibility of price taking the resistance at 1.060-1.075 and then re-test the same area before continuing its downward trend. Therefore there is a chance of corrective behavior in the chart where the price could break down below to the levels of 0.849 - 0.834. This would lead to a consolidation phase in the market thus area of 0.849 -...
Dow Jones fell more than 150 points on Friday after weak consumer sentiments added concerns about the health of the US economy. Week ahead The spotlight will be on speeches by several Fed officials and retail trade data, followed by industrial production and several housing indicators. It will be interesting to watch, how markets will perceive the clean sweep...
#nifty:- Are we heading for an ATH in nifty? “Alternate Projections of the AB = CD Pattern Although the AB=CD pattern is a great set-up when each leg equals the other exactly, there are many situations where alternative Fibonacci calculations are required to clearly define the Potential Reversal Zone. Although there might be a clear pattern developing, it is not...
Bitcoin BTC bull market golden cross, 5-day moving average MA10 crosses MA100 golden cross, this golden cross also appeared golden cross signal in the past bull market, 2012 bull market golden cross, 2015 bull market golden cross, 2019 bull market golden cross, 2020 bull market golden cross Fork, 2023 bull market golden fork again, such an obvious signal is right...
Bitcoin BTC symmetrical ascending triangle, the daily low point is getting higher and higher, the bottom price is rising, the green trend is the low point trend line, according to the trend rule, it will break through the red trend line, and then reach a new high price, within the triangle is a shock, until If you break through the red trend line above, you can...
Why the Mexican Peso Surged Against the USD? On Wednesday, the US dollar decreased in value against other major currencies, including the Mexican peso, by over 1%, due to reports of slower than expected US inflation. This suggests that the Federal Reserve may pause its interest rate hikes. According to data from the US Labor Department, inflation in April...
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Scenario 1:- The ARB price has broken support and is at re-testing levels(1.1145 -1.1372) , indicating a potential long-term buying opportunity between 80-90 cents. Scenario 2:- However, traders should remain cautious as there is a possibility of fake breakdown. The setup would be invalidated if the price gives 2 daily candle closings above 1.1145 -1.1372. With...
ADA Head and Shoulders Pattern: Is it a Bearish Breakout Opportunity? What is a Head and Shoulder pattern ? It is formed by three peaks, with the middle peak being the highest (the "head") and the two outer peaks being slightly lower (the "shoulders"). The pattern is completed when price breaks below the "neckline," which is a support level that connects the...