Get started

Double Top or Bottom

Eyes on HOOK! 🎣 Watch for Bullish Breakout! 🚀💎 Paradisers, #HOOK has broken out of a trendline and formed a W pattern, which suggests an increased likelihood of a bullish move. 💎If #HOOKUSDT manages to break above the resistance level, it could signify a bullish continuation. 💎In the event of a pullback, we might anticipate a bounce from the bullish order block (OB) due to the overall bullish market structure. 💎However, should the price break below the bullish OB level, it might indicate a shift to a bearish scenario. Nonetheless, it's wise to wait for clearer price action before making any trading decisions. 💎If you're new to technical analysis and finding it confusing, don't hesitate to reach out via DM or comment below. I'm here to assist you in navigating through it.
by MyCryptoParadise_Nathan
DR Reddy: A bet for long and short termStock has given a long-term TL BO on weekly TF with Volumes Making Double bottom pattern & Inverted H&S Pattern in short term (2-3 Months) and round bottom in long term (12-15 Months) For long term investor: The SL should be 2150 with Target of 4000 (Round Bottom Target) however, for short term investor it may move up-to 2800 keeping SL below weekly Green Candle low. DISC: Only for educational purposes. Please consult your financial advisor before taking any trade.
NSE:LALPATHLABLong
by trade_opportunities
REVERSAL IN AVENUE SUPERMARTSAvenue Supermarts is BULLISH on Monthly timeframe and has changed its price structure on Weekly timeframe which gives a strong conviction that it is going to test its ATH once again. There is a scope of accumulation if it is available at a discounted price between 4200 and 4300 . The idea will be invalid below 4000 . The targets are crystal clear according to price action. Hourly timeframe should be followed for a good entry with a minimum risk for a greater reward.
NSE:DMARTLong
by rtfofficial1618
Exciting Potential for LUNA! Keep an Eye on Breakout Levels 💎 LUNA is exhibiting a bullish market structure and has formed a cup and handle pattern. 💎If LUNAUSDT manages to break above the resistance level, we can anticipate a bullish move towards the next resistance levels. 💎In the event of a pullback, we can anticipate a bounce from the trendline, especially considering the presence of a bullish order block (OB) in this area. 💎However, if the price breaks below this level, it may be considered a bearish scenario. Nevertheless, it might be prudent to disregard this scenario for now and wait for clearer price action to emerge before making any decisions.
by MyCryptoParadise_Nathan
ARB: Keep an Eye on Breakout Levels and Watch for Confirmation🚀💎Paradisers, #ARBUSDT has recently formed a W pattern within a supportive trendline, signaling a potential reversal after the price dipped below previous lows, likely indicating a shakeout of weak-handed investors. 💎 A breakout above the resistant level, coupled with confirmation of the W pattern, would significantly increase the likelihood of a bullish move. Such a scenario could suggest that the price has absorbed internal range liquidity and is poised to pursue external range liquidity. 💎 In the event of a breakdown below the supportive trendline, traders may anticipate a bounce from the bullish Order Block (OB). However, it's crucial to seek proper confirmation in this scenario, given its relatively lower probability. 💎 Nevertheless, if #ARB descends below the bullish OB, it may be prudent to adopt a wait-and-see approach and refrain from immediate action. Waiting for clearer price action to confirm would be advisable in such instances.
by MyCryptoParadise_Nathan
IDEA: 🚀 Keep an Eye on Breakout Levels and Support Zones💎IDEAUSDT has recently exhibited signs of a bullish market structure, showing characteristics of CHoCH (Change Of Character) and BOS (Break Of Structure). Additionally, it has formed a W pattern, indicating a potential bullish reversal. 💎A breakout above our resistance area would confirm a successful retest and signal further upward movement towards the next resistance levels. 💎In case of a pullback, we can anticipate a bounce from the previously broken resistance zone, which now serves as support. This level is further reinforced by the presence of a 50% Fibonacci retracement, adding to its significance. 💎However, if the price were to decline below the support zone, it may signal a bearish shift. Nevertheless, I would advise exercising caution and refraining from making hasty decisions based solely on this development at present.
by MyCryptoParadise_Nathan
Bitcoin back to $39K or below?Early morning today (11/12/2023, IST), BTC plummeted to $40500 levels and quickly regained the strength. Will a further downtrend expected? Let us see. Technical Analysis: CRYPTO:BTCUSD hasn't fully recovered from the recent fall, currently hovering around $41,800. This is in line with a double top pattern, indicating a potential continuation of the downtrend. Prices remain within a supply zone, heightening the likelihood of Bitcoin (BTC) descending to $39,000 or potentially even lower. Sentimental Analysis: The Federal Open Market Committee meeting, scheduled for December 12-13, 2023, holds significant importance in the financial markets. Ahead of this meeting, Federal Reserve Chairman Jerome Powell expressed a cautious stance regarding interest rate adjustments, focusing on maintaining a restrictive policy until inflation consistently aligns with the 2% target. This approach introduces complexity into market expectations, contrasting with some analysts' speculation about a potential rate cut. The upcoming report on inflation rates from the U.S. Bureau of Labor Statistics, due on December 12, is a key factor influencing the Fed's decisions. A decrease in inflation could lead to a rate cut, influencing market movements and Bitcoin's valuation. Is this a chance to accumulate more? YES! It is. Will BTC bounce back after the fall? YES, it will. Will BTC go further down? I have no idea! But, I would be happy. You know why!
Short
by UnknownUnicorn34628734
1
BITCOIN on Double Bottom - W PatternAs per hourly charts, from last 4-5 days, #BITCOIN and complete #Crypto market moving as per market many scenario's of news and sentiments including india's #FUD of #OKX closed down their services as well another great news with #Kucoin exchange starts complete services in india. Now as per that scenario, CRYPTOCAP:BTC #HeadAndShoulder pattern is not completed its final cycle but it moving towards now for Double Bottom "W" Pattern to completing soon, and as per that scenario it will be again takes another break-out of something #Bullish towards $75k-77k last time before CRYPTOCAP:BTC #Halving in April 2024. Lets see, what's next move, but at present it shows this pattern of movements. Anyways, always #DYOR and Trade with #StopLoss in market and, COMMENT LIKE SHARE always those posts...
Long
by AskToRahulSirohi
Voltas - Breakout with Higher LowsNSE:VOLTAS has broken out after over a year of consolidation. Voltas started making higher bottoms after making double bottom pattern. Stock is showing great volumes. CMP 977 Breakout level: 930 SL: 899 Target: 1125 Stock can come back to its breakout level to retest the breakout. Retesting of breakout makes the breakout stronger. Note: It's weekly chart analysis. Don't think short term based on this analysis. Remember: SLs are essentials. Disclaimer: I'm not a registered analyst. I'm just sharing my opinion on the platform for others to benefit in learning from my market understanding. Please do your due diligence before making a trade.
NSE:VOLTASLong
by anuragcoma15
🚀 Eyes on $SHIB! 🐕 Potential Breakout Opportunity! 💎 SHIBUSDT presents a potential opportunity if it manages to break above the resistance zone and resistive trendline. 💎Currently, SHIBUSDT is forming a W pattern at the Bullish Order Block (OB) level, indicating a potential bullish move following a breakout above the resistance and trendline. 💎In the event of a pullback, we might anticipate another bounce from the Bullish OB, although the likelihood of a successful bounce may diminish. 💎However, should SHIBUSDT break below the Bullish OB level, it would signal a bearish scenario. In such cases, it's advisable to wait for clearer price action before making any decisions.
Long
by MyCryptoParadise_Nathan
18 Mar ’24 — Is Nifty above or below 22051? Check Chart closelyNifty Analysis - Stance Bearish⬇️ Recap from yesterday: “The only reason we pushed through the resistance yesterday was because of NiftyIT. And today NiftyIT started with cuts of -0.9%. Do you agree with me now that the main villain is NiftyIT which is preventing Nifty50 for a smooth directional trend?” 4mts chart Is Nifty above or below 22051? I must change the stance from bearish to neutral if it's above. If it's below - then the bearishness continues. As per the chart, Nifty closed at 22051 while the weighted average close was 22055. For some reason or another, I did not feel like punching manual orders today, I just let the algo orders do their magic and was keenly watching the chart and doing nothing. I got a bit excited when Nifty started falling i.e. 11.11 and 11.15 candles when Nifty went till 21916. My marked support was at 21913, so the eagerness was to check if we would break that or not. If you take a look at the chart, we had multiple instances of touches at 22051 levels, by 14.19 I almost felt we were breaking out and then the bearish positions may go into deep losses. Somehow or the other, I am not able to relate to the price actions of Nifty50, NiftyIT, and BankNifty these days. All 3 of them are never in agreement and you club the “weak hands” holding the CE shorts - a recipe for disaster. The CALL sellers run for cover now and then creating the quick ripples, and then it fades out 30mts hence. You won't believe me if I said Nifty50 has made a W pattern (double bottom) on the 63mts timeframe. Take a look, you could spell the entire “W”. Interestingly it has formed at the crucial support of 21913. The only thing that could override this W pattern is the lower high, lower low formation. LH, LL will take precedence over a short-duration pattern all the time. For tomorrow, I would like to start the day with the bearish tone itself and see how the 22051 resistance holds. 63mts chart
NSE:NIFTYShort
by viswaram