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Descending Channel

Descending channel in AirtelNotes: Airtel has been playing around the support zones for quite some days now. Expect a decent breakdown if it closes below 520. Aggressive traders might also make use of the break below 524 since its a really strong level for the scrip. Can only confirm an upward break if it crosses the previous swing high, Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.
NSE:BHARTIARTLShort
by the_consolidation_guy
THETA-USDT(Descending Channel Formation)Theta aims to decentralize video streaming, data delivery and edge computing ecosystem and is on a mission to make contemporary video streaming more efficient, cost-effective by means of an inclusive monetization model whereby viewers receive better quality streaming service, content creators enhance their earnings and video platforms save money on building infrastructure and get a chance to increase advertising and subscription revenues. Being a blockchain, Theta allows Dapp developers to build their projects on top of its blockchain. At the time of writing, the Current Market Price of Theta coin is $6.96. Theta has witnessed a 24 Hr volume of $473.6 Mn and 61.5% of the total circulating supply is staked on the network. These stats encourage the investors that the nodes believe in the growth of the network and builds trust among the investors. On the Daily Time Frame, Theta has been trading in a downward trending channel whereby on June 14, 2021, Theta gave a False Breakout from the channel, it faced resistance at the level of $9.7 and is back in the channel at the time of writing. The immediate resistance to the higher side is present at $7.85 followed by the level of $9.65. If Theta gives a daily close above the level of $9.65, it may move higher to the level of $12.2. The support to the lower side is present at $5.81 followed by $4.69 respectively. Theta being corrected to 0.786 Retracement level from its All-Time-High presents an Investment opportunity if it comes down to the support levels.
Long
by TradeDog-Research
Falling Channel + Wedge Pattern COMBO !Traders, as you can see clearly that BBTC was first in falling or descending channel pattern and then it gave breakout and formed wedge pattern. Stock also gave breakout from wedge pattern (that too with high volumes ). Now stock is again retesting the trend line (resistance line). Buy once stock start showing positive momentum. Don't buy if stock closes below the resistance line. This was my personal analysis only for educational purpose. Feel free to share feedback/queries.
NSE:BBTCLong
by headymuk
2
Good opportuniy to invest in GOLD.All observations on chart. MULTIPLE CONFIRMATIONS & EXPLANATIONS OF DRAWINGS As you can see gold bounced tom 38.2% fibonacci level a good level to buy the dip. 19% correction from the top till pre covid levels Falling channel pattern visible on charts, usually gives good move on the upside. Double bottom pattern breakout given today. Price comfortable above 20 moving average & made a new swing high Overall this is attractive price to enter from long term view.
TVC:GOLDEducation
by varadtambolkar
6