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Double Top or Bottom

💎 Keep a close eye on the ARKUSDT💎 Paradisers, #ARK has formed a descending channel, and the price is potentially forming a double bottom after absorbing liquidity, which increases the bullish probability. 💎 We can expect a bounce from here due to the liquidity taken and the double bottom pattern, but we don't yet have a clear formation from the price. 💎 If the price breaks out of the descending channel and resistance level, we can target the next resistance levels. 💎 However, if the price breaks down below the demand zone, it will invalidate the bullishness. In that case, it's best to wait for better price action to develop.
by MyCryptoParadise_Nathan
After absorbing liquidity, DOTUSDT has formed a W pattern🚀💎 Paradisers, #DOT is showing a Break of Structure (BOS) towards a bullish market structure and has formed a 'W' pattern after absorbing liquidity, which increases the likelihood of a bullish move. 💎 This level is also supported by the Fibonacci 61.80% level, which further enhances the bullish probability. However, for confirmation, we need the price to break above the resistance level, after which we can expect a bullish move up to the next resistance levels. 💎 If the price breaks down below the bullish OB level, it will invalidate the bullish structure. In that case, it would be better to avoid it and wait for better price action to form.
by MyCryptoParadise_Nathan
Get ready for some potential fireworks with AAVEUSDT! 🎇🚀💎 Paradisers, #AAVE has taken liquidity by breaking below a previous low, which served as a demand level for a while. Now, a bullish move is possible, but we need confirmation. 💎 #AAVEUSDT may bounce from here, as it has formed a double bottom structure accompanied by a dragonfly candlestick pattern, increasing the probability of an upward move. 💎 Nonetheless, I would prefer to observe a Change of Character (CHoCH) towards a bullish market structure in lower timeframes for confirmation. 💎 If the price breaks above the resistance level, we can anticipate a bullish move from there, possibly triggering stop losses of bears who entered on the breakdown of previous lows. Additionally, there is a gap above that could potentially be filled. 💎 However, if the price breaks down below the demand zone, it will invalidate the bullish structure, and in that case, it would be best to wait for better price action to develop.
by MyCryptoParadise_Nathan
Banking Stock - Keep An Eye - BANKBARODA📊 Script: BANKBARODA 📊 Sector: Banks 📊 Industry: Banks - Public Sector Key highlights: 💡⚡ 📈 Script has given breakout of Double Bottom pattern but didn't sustain keep an eye on it we may see good rally. 📈 One can go for Swing Trade above 284. BUY ONLY ABOVE 284 ⏱️ C.M.P 📑💰- 281 🟢 Target 🎯🏆 - 311 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:BANKBARODALong
by radha_23
1
Finnifty - April 30Price is at the trend deciding zone 21800 - 21840. Will the trending move what we get today will continue tomorrow or the price will reverse? Buy above 21860 with the stop loss of 21820 for the targets 21900, 21960, 22020 and 22050. Sell below 21760 with the stop loss of 21800 for the targets 21720, 21660, 21620 and 21580. Check the live market updates. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.
NSE:FINNIFTY1!
by vanathi
Nifty 50 - Ascending Channel PatternNifty is following the Ascending Channel Pattern at 4hr and Daily chart. Today it has taken the support at the lower Trendline, which is near 22050-A strong support. Market may reverse from here following its previous Trendline chart pattern. Nifty is also making a Double Bottom at 15min chart, a Hammer candle at 1:15pm and RSI divergence are visible, probability of touching 22400 from here. But if it breaks 22000 then we may see 21800. As per Price Action, a strong Green or Red candle on 18april will decide the move. For my learning and digital records purpose only!
NSE:NIFTY
by SatpalS
TIAUSDT: Gears up to break free from its descending channel! 🌊💎 Paradisers, #TIA could initiate a bullish move if the price bounces and breaks out of the descending channel. 💎If #TIAUSDT bounces and breaks through the descending channel, display a Change of Character (CHoCH) towards a bullish market structure, this would enhance the likelihood of a bullish trend. We could then set our sights on targets up to the next resistance levels. 💎However, if the price breaks down below the bullish Order Block (OB) level, it would be considered bearish. But for now, I am not focusing on bearish moves, so it would be better to disregard it in that case.
by MyCryptoParadise_Nathan
Keep a close eye on WIFUSDT💎💎 Paradisers, #WIF has broken out of the descending channel by forming a 'W' pattern and has displayed a Change of Character (CHoCH) towards a bullish market structure. 💎 If #WIFUSDT successfully breaks above the resistance area, we can anticipate a bullish move. However, a pullback from here is highly probable as the price may need to gather liquidity before advancing. 💎 We can expect a bounce from the bullish Order Block (OB) plus the Demand Zone. For this scenario, confirmation of bullish signs is necessary. 💎 Should the price fall below these levels, it would be considered bearish for #WIF. In that case, my advice would be to refrain from trading it, as the conditions suggest waiting for clearer signals or better market behavior.
by MyCryptoParadise_Nathan
Nifty Smallcap 250 Double Top or New Bull If this index is observed, price has taken support of 23.6% Fib level of pullbacks twice after significant rise since 2020. Currently price is near the 261.8% Fib Level (15259.65) drawn between Jan 17 '22 top to Jun 20 '22 bottom So far price couldn't break that resistance. Feb 5th and Apr 8 in weekly chart. Last 4 days in daily chart also isn't convincing. 15444 Pivot R1 needs to be broken. Nifty Smallcap 250 index showing bear sign
NSE:NIFTYSMLCAP250
by naraykln
1