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Double Top or Bottom

Is PDAUSDT Gearing Up for a Breakout?Yello, Paradisers! Are we on the brink of a bullish breakout, or is there more risk ahead? 💎PDAUSDT has formed a falling wedge pattern, signaling a potential bullish move ahead. However, we need to see a few confirmations before getting too excited. 💎For the bullish scenario to play out, the price needs to rise from its current level, potentially forming a W pattern. The real confirmation will come when the price breaks out above the resistance zone and closes a candle above it. This would validate both the falling wedge and the W pattern, paving the way for a stronger move upward. 💎While you might be tempted to take scalps near the support zone, be aware that the current market conditions make this approach extremely risky, especially for beginners. I wouldn't recommend it unless you're highly experienced and can manage the risks effectively. 💎On the flip side, if the price breaks down and closes a candle below the support zone, our entire bullish outlook will be invalidated. If you want to be consistently profitable, you need to be extremely patient and always wait only for the best, highest probability trading opportunities. Stay focused, patient, and disciplined, Paradisers! 🥂💪 MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
1
#RUBYMILLS on the weekly chart analysis#RUBYMILLS Weekly Chart Analysis 📊 ◽️ Volatility Contraction : A tightening of price range has been observed. ◽️ Volume Surge : Recent increase in trading volume suggests growing interest. ◽️ Breakout Potential : Breakout with volume confirmed on both weekly and monthly timeframes. ◽️ Short-Term Target : Potential for a 25-30% move, with a target around 30%. 📌 Disclaimer : This analysis is for educational purposes only and is not a buy or sell recommendation. Keep an eye on this one! 📈 Keep learning. All the best.
NSE:RUBYMILLS
by breakboxtrader
WLDUSD: Will It Break Out or Continue Its Downtrend? Yello, Paradisers! 🌟 Have you noticed the potential breakout that's brewing in WLDUSDT? Don't miss this critical update! 🚨 💎WLDUSDT has recently formed a W pattern after breaking down the support zone, indicating that the price has absorbed buyers' liquidity. 💎For a high-probability bullish setup, we need to see a breakout above the resistive trendline & resistance zone together. This breakout will not only validate the W pattern but also trigger the stop-loss orders of retail sellers who have recently entered short positions. 💎If the price breaks down below the small support level, this will be considered a bearish trend continuation and will invalidate our entire bullish thesis. Stay vigilant, Paradisers, and be ready to act based on these critical levels. Remember, disciplined trading and patience are key to long-term success. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
Mighty Nifty - Aug 8Price was moving within a range for the past three days and especially today we had a narrow range move. The patterns seen in chart are range formation, triple top resistance, trend line support and consolidation within the range near resistance zone. Range : Medium. Trend strength : Normal. Buy Above : 24340. Stop Loss : 24300. Targets : 24380, 24420, 24460 and 24520. Sell below : 24260. Stop Loss : 24300. Targets : 24220, 24180, 24140 and 24100. 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:NIFTY
by vanathi
8
BITCOIN HEADED TO 50K ? - CRASH SOON ?Symbol - BTCUSD CMP 60700 Bitcoin is testing the previous major liquidity area which is around 59300 - 61000. Earlier it was consolidating around 65K levels & was trading in a range. Now it is witnessing a huge profit booking and declining sharply towards the liquidity area. A retracement towards 62000 - 62500 is likely. In any case, If it is breaking 59000 level and sustaining below it then it may directly head to 50-51K which is next major support. A double top pattern is visible on larger time frame. Breakdown of this pattern will lead to trend change/reversal. Hence breakdown of the neckline & sustaining below it will activate this double top pattern & then it will definitely test 51K level & then may touch 45K levels too. P.S. : I'm actively tracking BTCUSD to make long positions around this liquidity zone to play a retracement & then I'll be looking to short around 62K levels with small SL & will add more position on breakdown of liquidity zone/neckline.
OANDA:BTCUSDShort
by akshit_official
2
Multipattern Analysis on IDFC First Bank!NSE:IDFCFIRSTB Analysis! Multipattern Analysis on $NSE:IDFCFIRSTB! Analysis on a Weekly Timeframe! Analysis: I have done the overfall analysis of IDFCFIRSTB since its inception. It looks very complicated but if you know all the patterns it is just like anything. I have combined all the patterns with the Support and Resistance Trendline. Don't get confused. Read the chart thoroughly and you'll get a better idea of where to enter and where to exit. As you can see in Chart 3 most important reversal patterns are there. 1) Triple Bottom Pattern 2) Double Bottom Pattern 3) Inverted Head and Shoulders Pattern Now the price is moving in a parallel channel but we can see the Flag and Pole Pattern Formation is going on. Aggressive investors can enter at current price levels as the price is above 50EMA. But my suggestion would be to enter only after the upside channel breakout. Trade Setup: Entry= Current levels are good for aggressive investors. Conservative investors can enter after Flag/upper channel breakout Target= Nearest Possible Target would be 100.70(New All-Time High Level) Stop Loss= Below 75.66 Disclaimer = Consider my analysis for Educational Purposes only. Before entering into any trade - 1) Educate Yourself 2) Do your research and analysis 3) Define your Risk to Reward ratio 4) Don't trade with full capital
NSE:IDFCFIRSTBLong
by Avinash9087
Mighty Nifty - July 29Price gave very good trending move on friday and now it is facing double top resistance. Pattern : Support/Resistance. Range : Medium. Trend strength : Normal. Buy Above : 24840. Stop Loss : 24800. Targets : 24880, 24920, 24960 and 25000. Sell below : 24720. Stop Loss : 24760. Targets : 24680, 24640 and 24580. 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:NIFTY
by vanathi
1
Will ORDIUSDT Surge or Stumble? Yello, Paradisers! ORDIUSDT has taken liquidity and then shown a CHoCH (Change of Character) towards a bullish market structure, increasing the probability of an upward move. 💎ORDI has formed an inverse head and shoulders pattern, a classic bullish reversal indicator. For confirmation, we need a breakout above the resistance zone, which would signal a bullish move. 💎If there is a pullback, we might see a potential double bottom from the support zone. For confirmation, we need an I-CHoCH (Internal Change of Character) towards a bullish market structure. 💎A breakdown and candle closing below the support zone will invalidate our bullish outlook. Stay vigilant and trade smart, Paradisers! If you want to be consistently profitable, you need to be extremely patient and always wait only for the best, highest probability trading opportunities. Consistency over quick profits is key. Discipline, patience, and robust strategies will guide you to long-term success. Stay focused, and let’s make smart moves together! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
BITCOIN: Double top possible + NAVARRO 200 : Watch out!! BITCOIN: Double top possible: Watch out for 48,000 + NAVARRO 2000 bullish = 2 opposing patterns. The Wolf of Zurich detected a possible double top on bitcoin As expected, the 56,400 was reached perfectly thanks to my analysis. The next levels are: On the decline : 56,425 (again) 48,000 40,770 On the rise: NAVAROO 200 bullish detected, and the price could reach $72,000 then $80,000 In addition, Be careful because there is a bullish divergence with the ROC!! To watch the EMA 50 and 200, and the ICHIMOKU and Fibonacci levels
COINBASE:BTCUSDShort
by Le-Loup-de-Zurich
ZYDUS LIFESCIENCES 15 MINSThe chart shows a bullish trend, with the price bouncing off the support level of 1,150 INR The candlestick pattern shows a bullish engulfing pattern, where the green candle completely engulfs the previous red candle, indicating a strong buying pressure. if the price breaks below the support level of 1,150 INR, it could be considered a sell signal. Alternatively, if the price reaches a strong resistance level of 1165 a short trade can be entered if a strong bearish candle pattern appears. ........ Please note that this analysis is based on a limited time frame and should not be considered as financial advice. It's always recommended to conduct thorough research and consider multiple time frames before making any investment decisions.
NSE:ZYDUSLIFELong
by vinitsugandh