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Pivot Points

Crypto now to consolidate before the bangTotal1 has moved up 42% in this rally with a volume spike at the top. It makes sense to retreat here, and at the worst case get a bid at the previous weekly demand levels of 1.14. The Binance news that broke yesterday might have layers and take the price to the bid level. If a reversal happens at around that price, that is a point to put on significant leverage to the upside. Meanwhile chill and place small bids at the weekly demand levels of the strong performers.
CRYPTOCAP:TOTALShort
by xTako
Zigzag wave C or Impulse wave 3.Time to get longAs evident,stock on weekly chart has came out of corrective wave B or wave 2 triangle(low chances) as it has breached B-D trendline along with wave D pivot high, and going ahead we can see an impulsive rise unfolding in the form of wave C or wave 3(again low chances).One can enter stock at current levels of 20.30 and any retracement in the form of lower degree wave 2 of wave C or 3, towards 19 level followed by bullish reversal candle can be an additional good long entry setup and the same pivot low can act as support and exit on the down side although ideally stop-loss for this trade comes at 15.80.On the upside we can levels of 23.70 and 28.55. Hence risk-reward from current level is 1:2. One should take entry in steps by deploying 40% funds at current level,and rest 60% on retracement.If we continue to go up from current level then commit only 40% of fund. PS:As we are coming out of triangle possibilities of current rise being wave 3 is less. Disclaimer:This is just my view no position should solely be taken on its basis,posting this for my future reference.
NSE:YESBANKLong
by UNDERDOG-29
2
Federal Bank... Keep on your watchlist.As it broke out of the 45 week consolidation zone, the stock price has formed another base from which it is gearing to break out. A weekly close above 153 can create positive momentum for a potential positional trade. The price has good support between 143-130. In case of downside, the stock can find support at 120, and further down at 110-105 levels. Note: Always trade with a strict stop loss. Not a buy/sell recommendation. Do always consult your advisor.
NSE:FEDERALBNKLong
by TheUnlearningOne
1