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DASH : : Bullish Breakout Potential! Keep an Eye on Key Levels💎 DASH has broken out of a descending channel by forming a W pattern, which typically indicates a higher probability of a bullish move. 💎If DASHUSDT manages to break above the resistance level, it could signal further bullish momentum. However, if the price experiences a pullback, traders may anticipate a bounce from the bullish OB area. Confirmation of this bounce could be sought through the formation of a bullish engulfing candlestick pattern. 💎On the other hand, if the price breaks below the bullish OB area, it may be prudent to avoid trading DASH at that time, as it could indicate a shift towards bearish sentiment in the market.
by MyCryptoParadise_Nathan
Bullish Momentum Builds! Watch for Breakout Confirmation💎 LIT has recently broken out of a trendline and formed a reversal W pattern, accompanied by signs of CHoCH and BOS in the price action, indicating a bullish market structure. 💎If the price manages to surpass the resistance area, it would signal a bullish movement for LITUSDT. Traders should also be prepared for a potential pullback to the bullish OB zone, where a bounce could occur, so it's important to monitor this level closely. 💎However, if LITUSDT experiences a breakdown below the demand area, it would disrupt the bullish scenario. In such a scenario, it would be advisable to exercise caution and refrain from trading until clearer market conditions emerge.
by MyCryptoParadise_Nathan
GodrejAgro Target Stoploss with ExplanationGodrejagro is in an ongoing uptrend in the weekly timeframe therefore any bullishness seen must be capitalized. In the daily time frame for over a period of 11 days its been stuck in a range of 25 points between 510 and 525. A rising momentum has been recently observed and if this momentum persists we can expect a BO from this range. Entry 515 to 520 Stop Loss 510 Target 540 Happy Trading, Yamini Prabu NSE NISM Certified TA Independent Trader/Trainer
NSE:GODREJAGROLong
by Yamini_swingtrader
CVX: Bullish Breakout Imminent! Keep Watch for Confirmation 💎 CVX has recently broken out of a descending channel, indicating a potential shift towards bullish momentum, especially with the formation of a W pattern and the presence of CHoCH, signaling a change in character towards a bullish structure. 💎Currently, the price is approaching a resistance level. If CVX manages to break above this resistance, it could signal further bullish movement. Conversely, if there's a pullback, traders may anticipate a bounce from the bullish Order Block (OB), which also acts as a demand area. 💎However, it's essential to be cautious if CVX experiences panic selling and breaks below the bullish OB. In such a scenario, it may be prudent to avoid trading CVX until clearer market conditions emerge.
by MyCryptoParadise_Nathan
Mighty Nifty - Feb 22Price has formed double top resistance and fall down to test the support at 22000. And we know this is an important trend deciding zone. Pattern : Support/Resistance. Range : Medium. Trend strength : Normal. Buy Above : 22020. Stop Loss : 21980. Targets : 22060, 22100 and 22160. Sell below : 21940. Stop Loss : 21980. Targets : 21900, 21860 and 21820. Check the live market updates. Expected expiry day range is 21850 to 22150. 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:NIFTY
by vanathi
2
DOGE: Bulls Charging! Breakout Potential Looms💎DOGE has broken out of a resistive trendline and formed a W pattern on the support zone, while its price also shows a Change of Character (CHoCH) towards a bullish structure. This suggests a potential bullish move after a pullback or the breakout of the previous high (1st resistance level). 💎If DOGEUSDT breaks above the first resistance area, it will be considered a Break of Structure (BOS), confirming the bullish structure, and we can anticipate further movement towards the bullish side. 💎In the event of a pullback, we can anticipate a bounce from the support level, which also coincides with a bullish Order Block (OB). 💎However, if the price breaks below the support level, it would be advisable to refrain from trading DOGE and wait for the market structure to provide clearer signals.
by MyCryptoParadise_Nathan
2
REN : Explosive Breakout Ahead! Bullish Signals Flashing 💎 REN has recently broken out of a descending channel, forming a W pattern on the support zone, signaling a potential reversal towards the bullish side. 💎If RENUSDT breaks above the first resistance zone, it will be considered a Change of Character (CHoCH), indicating a shift in market sentiment towards bullishness. This could lead to a bullish market structure from that point onward. 💎In the event of a pullback, we can anticipate a bullish bounce from the support zone. Given the overall bullish trend in the cryptocurrency market, it is advisable to align with the prevailing trend. 💎However, if RENUSDT breaks down below the support zone, it would be prudent to refrain from trading REN in that situation. A breakdown below support would signify a bearish market structure, which goes against the prevailing trend.
RLong
by MyCryptoParadise_Nathan
HMVL DOUBLE BOTTOM PATTERN BREAKOUT MONTHLY CHART WITH VOLUMEIdea focuses on the analysis of HMVL (Hindustan Media Ventures Limited) using the double bottom pattern breakout strategy on its monthly chart, accompanied by volume analysis. The double bottom pattern is a bullish reversal pattern that often indicates a potential trend reversal from bearish to bullish sentiment. Analyzing this pattern along with volume can provide valuable insights into potential price movements and trend strength.
NSE:HMVLLong
by manoj59387
GRT: Bullish Breakout Confirmed, Potential Entry on Pullback 💎GRT has recently broken out of a descending channel by forming a W pattern and has exhibited signs of a CHoCH and a BOS towards a bullish market structure. These factors increase the probability of a bullish move. 💎Currently, GRT has retest the support zone, indicating a bullish sign. However, it might be prudent to wait for a pullback to the support area or the bullish order block (OB) for a better entry opportunity. Additionally, anticipation of a pullback before halving could be considered. 💎If the price breaks down below all entry levels with continuous red candles, it would be better to ignore GRTUSDT, as it may indicate unfavourable developments or news affecting the asset.
Long
by MyCryptoParadise_Nathan
NIFTY Analysis: Double Top Pattern and Support ZoneNIFTY is currently in a sideways zone, and a double top pattern seems to be forming, but confirmation is still pending. The marked zone on the chart, 21635 to 21515, could potentially act as a support zone for NIFTY as these are Fibonacci levels. Speaking about the double top pattern, if the price closes above 21126, this pattern will become invalid. On the other hand, if the price closes below 21130, it will confirm the pattern, potentially marking the beginning of a downtrend in NIFTY. For now, we will wait for a reversal from our marked support zone in NIFTY without taking any action.
NSE:NIFTY
by iamrk7
Banknifty prediction for tomorrow 19 Feb 24As we have been discussing, Banknifty has a bullish nature for a couple of analyses. Now it's reaching near the resistance zone @46970. Now, if we look at the chart: The market has broken to the upside; also, the market is making a double bottom if we look at the 4H frame. 46300 was good resistance, which broke to the upside. Now, I am expecting it to provide good support. If we look at the OI data: Pcr = 1.10, which shows the market is bullish. However, the above side 46970 will provide good resistance, which is also confirmed by OI heavy CE writing at the 47000 level. MaxPain, for now, is 46500. Once it's broken to the upside, the path to 46970 will be clear. I expect the market to be volatile in this zone, as per the historical data. Right now, at a double bottom neckline. I am expecting volatility in 46300-46970. Reasons: The last two times, the market fell sharply from this level. Price > EMA indicates bullishness in the market. RSI is showing bearish divergence. Some consolidation is required at this point. OI data Pcr = 1.10 shows bullishness. 46500 is MaxPain, and 47000 shows heavy CE writing. VWAP ≥ price, which indicates bullishness in upcoming sessions. Verdict: Bullish till 46970 level. Plan of action: Be aware of opening high; if the market gap-up, there is a high chance of range bound in 46500-46970. Go with an Iron Condor in the range 46500-46970.
NSE:BANKNIFTY
by finnova_
6
NEO: Bullish Momentum Building with W Pattern Breakout💎 NEO has broken out of a descending channel and formed a W pattern in the demand zone, coinciding with the bullish Order Block (OB) area. Additionally, the MACD indicator is showing bullish divergence, enhancing the likelihood of a bullish reversal from this point. 💎In the event that NEOUSDT undergoes a pullback and demonstrates bullish candlestick patterns within the bullish OB and demand area, this would present an excellent buying opportunity. Alternatively, if the price directly breaks out above the resistance zone, it would confirm a bullish market structure, and we can anticipate further upward movement. 💎However, if the price breaks below all of our identified demand areas, it would be prudent to refrain from trading NEO in that situation, as it may indicate a weakening bullish sentiment. 💎Traders should carefully monitor NEO's price action and key support and resistance levels to make informed trading decisions.
Long
by MyCryptoParadise_Nathan