BTCUSD-Trading below 116,478, can retest the low of 105,617Trading below 116,478, can retest the recent low of 105,617. Any 1 hour close above 116,911 is short exit. Cross over can happen anytime form now and it can push down further.
Emabands
US30 - Trading below 45348 can trigger a selloff till 42912Is the top done? Coming weeks will decide. Trading below 45348 (EMA3 Mid) can trigger a selloff till 42912 to 42295 (EMA2 High to EMA2 Mid)
BTCUSD - Any new high is going to sell-off due to divergenceClear Divergence in Daily timeframe. Unless we break above the divergence line we can expect another sell-off. The Bands have tightened
Laxmi Organic, Chart Structure and Important LevelsThe price is following a symmetric triangle pattern. Now the price is trading near the lower leg and, the convergence and degree of ema bands also indicates a downtrend could continue. Also its important to mention that the breakdown or breakout of a triangular pattern indicates the start of an trend, but for confirmation of a downtrend the price has to breakdown the level of 270 and for confirmation of a uptrend the price has to breakout the level of 300. Currently we are in the neutral zone.
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Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. This material is for educational purposes.
Thanks
Er. Simranjit Singh Virdi
