Cyber Monday saleUp to 70% OFF

Double Top or Bottom

MKR/USDT High Probability Setup Revealed!Yello Paradisers! Are you ready to seize a golden opportunity in the crypto market? 🚀 MKRUSDT is currently showcasing a high probability setup that might be your next big win! 🤑 💎MKRUSDT has formed a falling wedge and is showing a W pattern within the bullish order block (OB) zone. Here’s what you need to know: 💎If the price breaks out and closes a candle above the resistance zone, it will validate both the W pattern and the falling wedge. This would significantly increase the probability of a bullish move. 💎In case of a pullback, we can expect a bounce from the bullish OB zone. However, we need to see an I-CHoCH (Internal Change of Character) towards the bullish side for confirmation. 💎 If the price breaks down and closes a candle below the bullish OB zone, it will invalidate our entire bullish outlook and pattern. If you want to be consistently profitable, you need to be extremely patient and always wait only for the best, highest probability trading opportunities. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
4
Major Move Coming for INJUSD: Will You Be Ready?Yello, traders! Are you ready for what could be a significant shift in INJUSDT's trajectory? Let’s dive into the details: 💎INJUSDT has shown an Internal Change of Character (I-CHoCH), taken inducement, and then formed a W pattern from the support zone, which increases the likelihood of this pattern playing out. 💎If INJ breaks above the resistance zone, it will validate the W pattern, and we can anticipate a strong bullish move. 💎In the event of a pullback, we might see a bounce from the support zone. However, it's wise to wait for an I-CHoCH confirmation on a lower time frame to be sure. 💎If the price breaks down and closes below the support zone, it will invalidate our entire setup. In this case, it's better to ignore the current action and wait for a more reliable price formation. Trade smart, stay disciplined, and keep your eyes on the charts! The market is full of opportunities, but only those who stay focused and patient will succeed. 🎖 MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
Lupin 5 years breakoutLupin pharmaceuticals has formed classical double bottom W pattern in 15mnt, weekly & monthly timeframe. Just to illustrate easily i have posted weekly timeframe screenshot. It should sustain above 1200 levels. Nice 3 weeks consolidation seen on that levels. Looks like it’s ready to move mies away. Because this technical pattern targets are normally upside equals to bottom cup formation. There is on big news flow also there on these levels so best occation to get good volume support too. News is as follow "Lupin Diagnostics eyes 100 labs in five years”. So looking better long term choice. DISCALIMER: I AM NOT SEBI REGISTERED ANALYST.ALL POSTS ARE EDUCATIONAL PURPOSES.NON ADVISORY, DISCRETIONAL NO CLAIMS,RIGHTS RESERVED.I AM NOT RESPONSIBLE FOR YOUR profit or loss.
NSE:LUPINLong
by ashishhc
1
Dalmia Bharat - Double Bottom Chart PatternThe "Double Bottom" pattern is a bullish reversal chart pattern that suggests the end of a downtrend and the beginning of an uptrend. When observed in Dalmia Bharat's stock chart, this pattern indicates a potential increase in the stock's price. It took almost 2 months to complete the pattern. Key Characteristics: Shape: The pattern consists of two distinct troughs at approximately the same price level 1700, resembling a "W" shape. Neckline: The highest point between the two bottoms forms the "neckline." A breakout above this level confirms the pattern. Volume: Volume often decreases during the formation of the pattern and increases on the breakout above the neckline, confirming the bullish reversal. Current Scenario for Dalmia Bharat: Breakout: Dalmia Bharat's stock has already broken out above the neckline, indicating a confirmed bullish reversal. Retest: The stock is currently retesting the neckline, a common occurrence where the price returns to the breakout level to test its new support. Implications: Market Sentiment: The successful retest of the neckline can strengthen the bullish sentiment, suggesting that the previous resistance level has now become support. Entry Point: The retest provides an opportunity for investors to enter a long position at a potentially lower risk, as the new support level is confirmed. Target Price: The target price can often be estimated by measuring the distance from the bottoms to the neckline and projecting it upward from the breakout point. Target level 2000 - 2050 Example: If Dalmia Bharat's double bottom pattern had bottoms at ₹1,700 and a neckline at ₹1,850, the distance is ₹150. Following the breakout, the target price could be around ₹2,000 (₹1,850 + ₹150). In summary, the double bottom pattern in Dalmia Bharat suggests a bullish reversal, and the current retest of the neckline is a critical juncture. If the retest holds, it may present a favorable entry point for investors, reinforcing the likelihood of an upward trend. Regards Arvind Yadav. Cfa Arvind Share Academy
NSE:DALBHARATLong
by Arvind_Share_Academy
Sterlite - Double bottom formation - Best Above 145Sterlite Tech - have bounced the base and formed a double bottom formation. FII's /DII's have raised their stakes while Promoters have reduced. There is a Double bottom neckline breakout at 140. One can take safe bet above 145 and average upwards. Targets 175/240/316 and above that Open Sky. Strict stop loss of 125. Disclaimer : Educational Content. Please do your own research. My earlier views on this chart. I see mostly promoters selling their stakes to FII/DII's as the only change.
NSE:STLTECH
by jain_geetesh
Massive BNB Breakout Imminent? Don’t Miss This Crucial Analysis!Yello Paradisers! Are you ready to dive into a potential game-changing move for BNB? Let’s get into the details. 💎 The recent bullish momentum has broken key levels, indicating potential for further gains. 💎 BNB is showing signs of inducement near the bullish OB, a key area to watch. 💎 If BNB breaks the resistive trendline and forms a W pattern, the probability of a bullish move increases. 💎 For confirmation, we need a breakout above the resistance zone. This could signal a strong bullish move. 💎 In case of a pullback, a bounce from the bullish OB is expected. However, we need a Change of Character (I-CHoCH) in lower timeframes for confirmation. 💎 If BNB breaks down and closes below the bullish OB, it invalidates our bullish thesis. Trade smart, Paradisers, and stay disciplined. Your long-term success depends on strategic and well-timed moves. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
Impending Drop: USDT.D Faces Significant DeclineHi friends, If you observe the recent behavior of USDT dominance (USDT.D), it bounced back and touched 5%, but now it has clearly formed a double top pattern, which is a bearish sign. Additionally, the RSI is declining, supporting our bearish scenario. Whenever USDT.D falls, the crypto market tends to rise, and BTC often rallies. These two are inversely related. #USDT #CryptoMarket #Bitcoin #BTC #CryptoTrading #TechnicalAnalysis #DoubleTop #BearishPattern #RSI #CryptoNews #Cryptocurrency #TradingAnalysis #MarketTrends #InverseRelationship #CryptoInvesting
CRYPTOCAP:USDT.DLong
by crypto_vulture_signals
JUBLFOOD formation of Double BottomDouble bottom chart pattern formed in JUBLFOOD and pattern will active only after break and close above 470. It is also important to note that JUBLFOOD is bounced back from prior support level with formation of bullish candlestick called Hammer. Price is also pierced the downtrend line and currently price is consolidating near neckline. We have also found inside bar pattern near the neckline, if upside breakout is sustained then we can get sharp up move or else pattern will be invalid.
NSE:JUBLFOODLong
by Arvind_Share_Academy