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Keep an Eye on HIGH! 📈 Bullish Breakout Alert! 🚀💎 Paradisers, #HIGH has recently broken out of a trendline and formed an inverse head and shoulders pattern, accompanied by CHoCH and BOS, indicating a bullish market structure. 💎If #HIGHUSDT manages to break above the resistance level, it would confirm the inverse head and shoulders pattern, potentially leading to a bullish move. 💎In the event of a pullback, we may anticipate a bounce from the demand level, although the probability of this scenario is relatively low, so caution is advised. 💎However, if the price breaks down below the demand level or falls below the right shoulder of the pattern, it would invalidate the pattern and be considered bearish. In such cases, it's advisable to refrain from immediate action and wait for clearer price action to emerge. 💎If you're new to technical analysis and feeling uncertain, don't hesitate to reach out via DM or comment below. I'm here to provide guidance and support.
by MyCryptoParadise_Nathan
HIGH/USDT: Unleashing Bullish Potential in Falling Wedge Pattern💎 Hey Paradisers, take a look at the HIGH/USDT daily chart. It's forming a falling wedge pattern, which usually indicates a bullish trend. Currently, it's around the 1.101 demand zone. If it holds steady here and breaks above the upper trendline of the wedge, we might see a bullish trend ahead. 💎 What are we aiming for? We're keeping an eye on potential rises to resistance levels at 1.574. If the momentum keeps up, it could even reach 2.326 and 2.796. If you prefer cautious steps, you might consider entering after it breaks above the 1.574 resistance. This could confirm a strong bullish trend. Stay alert, ParadiseSquad!
Long
by MyCryptoParadise_Nathan
XRP/USDT's Rising Wedge: Trade Alert for Potential Gains or Dips 💎 Paradisers, let's zoom into XRP/USDT. The asset has been tracing a rising wedge pattern for a while, adhering to both resistive and supportive trendlines. Interestingly, it's played a couple of traps during this phase and is currently hovering near the supportive trendline. 💎 If we witness an upward momentum from this point, potential bullish targets could be set at resistance markers of 1.344 and 1.374. On the flip side, a bearish scenario would need a dip below the demand zone at 1.231. If this breakdown occur, our sights would be set on the subsequent demand zones at 1.156 and 1.101. 💎Trade with caution and stay informed, ParadiseSquad!
by MyCryptoParadise_Nathan
The rise of the Nifty50, where we can expect Jan 6th expiry?We are close to our first expiry of the year. Looking at the chart, we are witnessing how beautiful the price action is respecting. Looking at the chart at the last expiry, the nifty couldn't have the strength to cross 17250, an onec that is being broken. Now is the time to bring out the nifty shootig. It's getting close to 17800. 17800 is important because it respects the channel and if the same price action follows, it might act as resistance. It may lead to retesting the range.  Looking at the weekly position, which is now at a good premium at above 17800 and the downside below, we can easily sell anything below 17500. If there is any upper-side rejection, I will begin selling CE and take a safe position in PE as well. I am returning to my weekly position now at RED. I have an aggressive position now. My plan was to exit with a good profit this week. Hey, this is our first expiry of the year. So I entered on Friday. I used a calendar spread because on Friday it broke at 17250. I was expecting an up move. I entered the 13th expiry (17300CE) as well as the current expiry (17300CE). My plan is to keep raising the CE if the market gives a good up move. Once the 17200 is broken, I also expect a retest because that is my trading style. I enter only after a rest. I was expected here as well. I sold 17700CE. You know why? Because if a retest happens, I can book my profit at 17700 and keep adjusting my calendar spread, or I can create a good position above as well. However, on Friday, the quick spike killed my money management strategy.  But I keep adjusting my positions. I have 17800CE and the 13th (17800) as well. I keep up my call side as well. I have 13 (17300CE). I booked profit at 17300 and 17500, and am holding onto 17400 CE now. My plan for this week is that if the nifty expiry is below 17800 for me, I will end up with a net positive. I will carry 13th to 17300 CE, not planning to book a loss there. If nifty below 17800, I am expecting a down move till the 17600 level, where I am expecting a retest so I can exit 17300 CE with a decent . Other wise, if the plan doesn't work, I will exit this week with a 3-4% loss of my capital. However, on Friday, the quick spike killed my money management strategy.  But I keep adjusting my positions. I have 17800CE and the 13th (17800) as well. I keep up my call side as well. I have 13 (17300CE). I booked profit at 17300 and 17500, and am holding onto 17400 CE now. My plan for this week is that if the nifty expiry is below 17800 for me, I will end up with a net positive. I will carry the 13th to 17300 CE, not planning to book a loss there. If nifty is below 17800, I am expecting a down move till the 17600 level, where I am expecting a retest, so I can exit the 17300 CE with a decent. Other wise, if the plan doesn't work, I will exit this week with a 3-4% loss of my capital. I will end my plan only to minimise the loss or make a maximum of 3-4% loss at the worst condition in nifty touch 18000. I am also happy to see Nifty back in power.
NSE:NIFTY
by Manuadarsh