SOL - Getting ready for Big Breakout.Price has taken double bottom support. Price rejection from second resistance line is getting reduced. Any up move from BTC, SOL will give bigger breakout for sure. So trend will follow in whichever side price breaks the lines. I think not much downside can be seen in SOL since it has fallen from 250 levels to this low. SOL is next to BTC and ETH right now and its widely used. Price is at very attractive levels keeping ETF approvals in few weeks or 2 months this year. SOL is also one of the coins for strategic reserve.
Cryptolevels
MEWUSDT - EYEING KEY LEVELS FOR A POTENTIAL DROP AHEADSymbol - MEWUSDT
MEWUSDT pair is currently in the distribution phase, testing a significant resistance and liquidity zone, where it has exhibited a false breakout. In light of the current market conditions, it is crucial to monitor several key levels, including both support and resistance.
A potential retest of the 0.00300 - 0.00312 range is likely, with the possibility of targeting another liquidity zone before MEWUSDT resumes its downward movement in alignment with the prevailing local and global market trends. These trends are characterized by a weakening Bitcoin and an overall sluggish cryptocurrency market.
Key Resistance Levels: 0.002793, 0.00300, 0.00312
Key Support Level: 0.002696
The primary support level at 0.002696 is critical, as it aims to prevent further market decline. Should the price fall below this level, there is a lack of significant support, potentially allowing for a strong move downward. A breakdown and sustained consolidation beneath the 0.002696 level could trigger a substantial impulse toward target zones around 0.00222 and 0.00200
IPUSDT - POISED FOR A BREAKOUTSymbol - IPUSDT
CMP - 5.5500
IPUSDT is currently establishing favorable conditions for potential growth. Bitcoin has provided a modest boost to the market following positive developments regarding the SEC and XRP, a factor that has not gone unnoticed within the crypto community.
The IPUSDT coin has experienced an extended period of consolidation, forming a symmetrical triangle pattern. The upward trend in lows, coupled with the consolidation phase and the subsequent breakout above the triangle's resistance, signals positive indications of a potential distribution phase (the culmination of the consolidation). The key resistance level at 5.6297 remains a crucial barrier, separating the market from a more liberated zone.
Resistance levels: 5.6297, 6.6310
Support levels: 5.1160, 4.7830
Over the past few days, the price has consistently approached the triangle resistance and is building momentum for a potential breakout. Multiple intraday retests of this region demonstrate market interest in surpassing this boundary. A successful breakout above the 5.6297 resistance level, followed by consolidation above the triangle, would serve as a strong signal of readiness for upward movement.
ETH - Target 2200 - BullishETH has fallen a lot and taking support and move is bullish in line with BTC move. At these great levels buying, accumulating and investing in ETH is safe and for traders once the fourth wave is complete price is easy to see 2200 for fifth wave. ETH is good buy now. I expect small correction in BTC to complete and rise again or above 88K . Even if BTC correction is bigger ETH may not fall much since it has fallen a lot so its better to long in ETH more than in BTC now.
SOLVUSDT - RETEST OF RESISTANCE IN A BEARISH TRENDSymbol - SOLVUSDT
CMP - 0.0430
SOLVUSDT is currently consolidating within a neutral range, which has emerged amid an ongoing downtrend. The cryptocurrency market has swiftly retreated following the news from Sunday. Bitcoin has re-entered the selling zone, falling below the 90K level. A continued decline in Bitcoin could exert downward pressure on the broader market.
SOLV is forming a range between 0.044 and 0.0292, with the price showing signs of strengthening toward the key liquidity and interest zones. Given the prevailing market conditions - including the downtrend, a weak market sentiment, the lack of a strong catalyst, and Bitcoin's decline - it is reasonable to assume that the coin has limited potential for further upward movement. The current price action may result in a false breakout of resistance, followed by a decline.
Resistance levels: 0.0436, 0.0439, 0.0494
Support levels: 0.0369, 0.0345
Considering the daily ATR from the session's open, it is expected that the volatility will be exhausted by the time resistance is reached, leaving little room for a breakout. There is a high probability of a price retracement from the 0.0436-0.0439 range, with the price likely to fall towards the key support zones below.
Bharat Wire Ropes Ltd (BHARATWIRE) Stock AnalysisFundamental Analysis:
Bharat Wire Ropes, a key manufacturer of steel wire ropes, benefits from rising infrastructure, construction, and industrial demand. Strong order inflows and capacity expansion support growth. Risks include raw material price fluctuations and competition from global players.
Technical Analysis:
The stock is testing resistance near ₹220. A breakout could push it toward ₹240. Strong support is at ₹190, and a breakdown may lead to ₹175. RSI around 62 indicates bullish momentum but nearing overbought levels.
Key Levels:
- Resistance: ₹220 / ₹240
- Support: ₹190 / ₹175
Conclusion:
Bharat Wire Ropes is in a growth phase with strong sector demand. A breakout above ₹220 could fuel further upside, while dips to support levels offer accumulation opportunities. 📊🚀
OMUSDT - BULLISH MOMENTUM MAY PERSISTSymbol - OMUDST
CMP - 7.2828
OMUSDT remains an attractive asset, with consolidation forming in a flag pattern within the prevailing bullish trend. OMUSDT continues to form consolidation within the uptrend, and growth may follow if the resistance at the local channel is broken. The price structure appears robust, especially in contrast to the generally weak performance of the altcoin market.
Following Trump's speech yesterday, Bitcoin managed to surpass local resistance and entered the buying zone. If the price maintains a position above the 96.5K - 97K range and sustains its upward movement, certain altcoins may experience bullish momentum, which could propel them higher, including the already strong OMUSDT.
From a technical standpoint, the focus is on the local descending flag channel, with two critical support levels at 7.324 - 7.213. A false breakdown at these levels could trigger a continuation of the upward movement.
Key resistance: 7.755
Key support levels: 7.324, 7.213
The catalyst for continued growth lies in breaking through the channel boundary and the resistance at 7.755. Currently, the price is still distant from this zone and is approaching the support levels. A retest of the liquidity zone may culminate in a bullish impulse.
POPCATUSDT - TESTING RESISTANCE AMID BEARISH STRCTURESymbol - POPCATUSDT
CMP - 0.3290
POPCATUSDT is currently testing trend resistance on the 4-hour timeframe. A rapid approach toward the upper boundary of the channel, accompanied by a false breakout, could lead to a correction or a continuation of the downward movement.
The broader market trend remains bearish, and the short-term trend aligns with this overall downtrend. Bitcoin has yet to serve as a bullish catalyst for altcoins. Additionally, yesterday’s CPI & economic data exerted a negative influence on the market. The cryptocurrency community had high expectations for Trump, but his stance has shifted, leaving cryptocurrencies lower on his agenda.
From a technical perspective, POPCAT is testing the resistance of the channel with a potential false breakout within the context of a prevailing downtrend. A sustained price consolidation below the 0.3220 level could signal further selling pressure.
Key resistance levels: 0.3220 (sell trigger)
Key support levels: 0.2386, 0.1596
While there remains a possibility of a retest of the correction channel resistance, bearish market conditions and the overall weak market sentiment suggest that the downtrend may continue.
What is price action and how to use it ?Price action refers to the movement of a financial asset's price over time. It’s a method of technical analysis that focuses on reading the market through price movements rather than relying on indicators or fundamental analysis. Traders who use price action study how price behaves on charts to predict future movements.
Here’s a breakdown of how to use price action:
1. **Understanding Candlestick Patterns**
Candlesticks represent price movements within a specific time period. A candlestick chart provides information about the opening, closing, highest, and lowest prices. Common price action patterns include:
- **Doji**: Suggests indecision in the market.
- **Engulfing Patterns**: A reversal pattern where a larger candle completely engulfs the previous one.
- **Pin Bar**: Indicates a potential reversal after a strong price movement.
2. **Support and Resistance Levels**
These are key horizontal levels where price tends to reverse or consolidate. Traders use price action to spot these areas and make decisions. For example:
- **Support**: Price tends to stop falling and might bounce back up.
- **Resistance**: Price tends to stop rising and might reverse downward.
3. **Trend Lines**
Trend lines are drawn by connecting higher lows (for uptrends) or lower highs (for downtrends). These lines help to visualize the direction of the market. Price action traders will look for price to stay above or below these trend lines, indicating strength or weakness in the trend.
4. **Breakouts**
Breakouts occur when the price moves beyond key support or resistance levels, often indicating the start of a strong trend. Traders use price action to confirm breakouts through candlestick patterns or volume analysis.
5. **Price Patterns**
Patterns like triangles, channels, and head and shoulders provide insight into potential price moves. By analyzing these formations, price action traders can predict whether a trend is likely to continue or reverse.
6. **Time Frames**
Price action can be applied across various time frames, from minutes (scalping) to hours or even daily (swing trading). Traders typically align their strategy with their trading time horizon.
7. **Risk Management**
With price action, traders often use strategies like setting stop losses based on recent swing highs or lows. This helps in managing risk and ensuring they exit trades before significant losses occur.
8. **Patience and Practice**
Successful price action trading requires understanding market psychology and being patient for the right setups. It's often about waiting for a confirmation of a move rather than reacting to every price fluctuation.
#SHARDACROP ltd
#SHARDACROP is taking support from its previous consolidation zone.
today good green candle with volume showing it may move up in next few sessions.
Sharda Cropchem Limited is an Indian company specializing in the marketing and distribution of a wide range of agrochemicals, including formulations and generic active ingredients. Their core competencies encompass identifying generic molecules, preparing dossiers, obtaining registrations, and distributing products in the fungicide, herbicide, and insecticide segments.
SHARDACROPCHEM.COM
In addition to agrochemicals, Sharda Cropchem supplies various conveyor belts, V-belts, and industrial chemicals. These products are primarily utilized in mining projects, steel plants, quarries, grain silos, cement manufacturing facilities, ports, and tunneling projects. The company serves markets across Europe, NAFTA, Latin America, and other regions worldwide.
Bitcoin entering Support Zone - Time to Buywe need to thank all the news caused crypto to give a correction. In chart BTC is entering Support Zone. I do not buy any negative news now like tax war or new BRICS currency which are not a good reason which will stop big players from buying BTC at support levels. BTC is the biggest crypto in this world and irrespective of US new reserve comes or not. Trump is words first Crypto Leader now and in 2025 all crypto going to see new high levels due to wide acceptance of various countries and US state government start dealing in crypto which we never seen in any country history.
Melania - BuyIn chart there is slight RSI Divergence now indicating Buy side which could push price up in coming days along with BTC trend. In my view melania and trump coins are not completely shit coins since they are in power now so their coins will be used to pay get job done or it could be used in big circles related to us govt and etc etc. so as the new govt complete months and years they will be approving new projects, and these two coins could be used to pay commission etc
BTCUSD updated viewA resistance zone was created on BTCUSD at the 99113 - 99944 level.
Also at the same level from top to bottom one resistance trend line shows strong resistance in that area. while looking at the HNS pattern in RSI on a closing basis and both the resistance zone and trendline we need a strong closing above the zone with the trendline breaking, then we can see the bigger target in BTCUSD.
otherwise, BTCUSD will take the resistance from the trendline and zone and can see the support level again.
I already shared what-if support level breaks.
Try Shorting BTC with small SLI believe it will drop after triggering the stop-losses of the last short positions, potentially turning into a significant trade. I’ve tried this approach before, and it responded well on the sell side, although the results weren't as expected. Let’s give it another shot this time, as the probability seems higher now.
ETH - To go above 41K !!!we can see ETH taking support near the green path area shown in chart. But Red line is current resistance line. Breakout of Red line could take price above 41K !!! Till then price could dance between red and green lines shown in chart, one may buy and go long now for quick returns since all crypto could spike or already moving up due to new crypto US President. And ETH is also expected to move up after the bull run ends in Bitcoin. so its good buy right now in ETH
"BE GREEDY WHEN OTHERS ARE FEARFUL.” Subject :
During this period, I view the market downturn as an opportunity to acquire quality stocks at lower valuations for long-term investment. As mentioned above, I am particularly interested in key levels for potential entry points. I wanted to share these insights with all of you, hoping you find them helpful. Thank you, everyone!🙏🏻
The recent downturn in both Indian and global stock markets can be attributed to several
key factors:
1. Monetary Policy Shifts: The U.S. Federal Reserve's recent decision to reduce the number of projected interest rate cuts for 2025 has heightened investor concerns.
2. Rising Treasury Yields: A significant selloff in long-dated U.S. government debt has pushed 10- and 30-year Treasury yields to their highest levels in nearly seven months. This trend poses a threat to stock valuations, as higher yields make risk-free government debt more attractive compared to equities.
3. Geopolitical Concerns: The potential return of Donald Trump to the U.S. presidency and his proposed economic policies, have raised fears of increased inflation and global trade tensions. These uncertainties contribute to market instability.
* Escalating conflicts in regions such as the Middle East have increased market volatility and investor uncertainty.
4. Foreign Investor Behavior: In India, heavy selling by foreign institutional investors has exerted downward pressure on markets. This trend is influenced by global monetary policies and a reduced appetite for risk amid prevailing uncertainties.
5. Sector-Specific Declines: Sectors such as financials and information technology have experienced notable losses, further dragging down market indices.
These combined factors have led to a bearish trend in both Indian and international stock markets in recent weeks.
About Reliance industries limited 📉:
1. Weak Performance in the Oil-to-Chemicals (O2C) Segment: RIL's O2C business, a significant revenue contributor, has faced challenges due to shrinking margins amid global oversupply. In the second quarter of FY25, the company reported a 5% decline in net profit, largely attributed to poor performance in its oil refining and petrochemical business. This segment was significantly impacted by cheap Russian crude oil flooding the market, pushing product margins lower.
2. Delays in IPOs of Jio and Retail.
3. Slowing Growth in the Retail Business: RIL's retail division has encountered slower growth, influenced by factors such as rising real estate costs and increased.
4. Broader Market Trends and Investor Behavior.
#valueinvesting. #indianstockmarket. #Reliance
Fireball Finance : SQL Breakout - Targeting $350!This weekly chart of SOL/USDT highlights a potential trading setup:
Support Zone: The green zone around $113.74 has shown strong buying interest, acting as a base for the current uptrend.
Fair Value Gap (FVG): A key area around $190-$200, marked in yellow, could serve as a liquidity zone for a possible retracement before resuming the upward move.
Resistance Zone: The red zone near $266 could act as the next significant hurdle. A clean break above this level could confirm bullish momentum.
Target: If the bullish scenario plays out, we may see SOL rally towards the target of $350, as marked in yellow.
Plan:
Watch for price action near the FVG zone. A strong bullish reaction here may offer a good entry point.
Monitor the breakout above the resistance at $266. A confirmed close above this level strengthens the case for reaching the $350 target.
Use appropriate risk management. A stop-loss below the FVG zone or support near $113.74 can help manage downside risk.
This idea is based on the current market structure and should be updated as price action evolves.
Note:
This content is for educational purposes only and is not investment advice. Always conduct your own research and consult with a financial advisor before making investment decisions.