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$LINKUSDT Technical AnalysisOverview Over the past 500 days, BINANCE:LINKUSDT has exhibited a distinct sideways to downward trading pattern within the range of $8 to $4. This prolonged consolidation phase has been characterized by relatively low trading volumes. This consolidation phase is significant as it often precedes a substantial price movement, potentially in either an upward or downward direction. Long-Term Buying Opportunity One noteworthy area of interest for long-term investors is the liquidity box within the range of $3 to $4.9. This range presents a compelling buying zone, especially with an eye towards the anticipated bull run in 2025. Patience and Dollar-Cost Averaging (DCA) are essential strategies to consider. It's worth mentioning that a price level of $2.49 holds particular significance as it historically represents a potential golden buying opportunity, considering that during bear markets, altcoins have commonly experienced a 95% decline. Potential Trading Strategy Another intriguing trading opportunity emerges when the price of BINANCE:LINKUSDT breaks out of its current downward channel and successfully retests it with good volume. This setup offers favorable conditions for both long and short positions. The extended consolidation period of approximately 1.5 years indicates the potential for significant price movements. Traders should exercise caution and consider risk management strategies when entering such positions. Disclaimer This analysis is provided for informational purposes only and should not be considered financial advice. It is essential for all traders and investors to conduct their own research and risk assessment before making any trading decisions.
by utkarshx27
Axis Bank stock technical analysisIdea: I am bullish on Axis Bank and believe that the stock is in a strong uptrend. The stock has been forming a cup and handle pattern on the daily chart, which is a bullish reversal pattern. The stock has also broken out of a resistance level at 990. I am looking for the stock to reach a target of 1050 in the next 2-4 weeks. Entry: I would enter a long position on Axis Bank above 990. I would use a stop loss of 985. Target: My target for the trade is 1050. I would exit the trade if the stock closes below 985. Risk: The risk on this trade is 50 points, or 5% of the stock's current price. Notes: This is just a trading idea and not financial advice. Here are some additional factors to consider when trading Axis Bank: The overall market sentiment. If the overall market is in a downtrend, it will be more difficult for Axis Bank to break out of its current trend. The news flow. Any negative news about Axis Bank or the banking sector could weigh on the stock price. Please do your own research before making any investment decisions.
NSE:AXISBANKLong
by TRADING-NASA
BTCUSDT ( Bitcoin ) Coin Analysis 29/09/2021Fundamental analysis: it is very obvious that the asset is at distribution phase on its bearish trend, though many countries are accepting it as a legal tender but there are many more reasons that the coin is on its way to the lower levels of its past appreciation and we can have one more glimpse of this asset on its very undervalued levels before the reaccumulation phase starts. soon we can hear more negative news which may mislead us that it is falling due to some silly reasons but it is nothing than the simple supply and demand and outdate of the technology. from other side we can see bitcoin is loosing its Dominance and it can be interpreted as the fund diversification to the AltCoins. we shall observe some diversion and correlation coefficient change of BTC and other altcoins specially DEFI segment and other powerful blockchains. but we believe Bitcoin will survive this bearish trend also and live to see the higher levels such as 85000$ or even 107000$ Technical Analysis: the Asset seems to be not able to break the 23.6 FIB Retracement which is followed by an engulfing candle pattern and it can be a good sign of retracement reversal towards the lower levels such as 78.6% (17000USD) of the main bullish wave with top of 64850 USD. with Bearish Bias we can have the C leg of the ABC chart pattern which is the correction of the main Elliot wave count. we count 17000$ and lower to be the best undervalued prices to Purchase and accumulate the Asset. there exist a very powerful resistance area from 55000$ to 58000$ as this zone has confluences with Main distribution and bearish 78.6% Fib Retracement of the bearish wave. there exist a very very strong support area between 9000$ to 15000$
by BitonGroup
4
BTCUSD Bitcoin possible Elliott wave countsHello Friends, Here we had shared possible Elliott wave counts on 4 hourly chart of crypto currency BTCUSD Bitcoin, in which we can see that we are in impulse phase of waves in some degree and we had completed wave 1 & 2, and now possibly we are in wave 3, in which wave (i) of 3 has completed and now possibly we are at the verge of completion of wave (ii), we can assume up directions ahead as a wave (iii) of 3, post completion of wave (ii), Overall looks bullish ahead with invalidation level of 24756. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Thanks RK💕 Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
BITSTAMP:BTCUSDLong
by RK_Chaarts
1