USDT.D RSI Oversold, Expected Bounce to 5%-5.5%, Bearish for BTCCRYPTOCAP:USDT.D shows signs of a potential bounce as RSI has reached oversold territory, indicating a likely move up to the 5%-5.5% area.
With #USDT.D rising, we expect #Bitcoin and altcoins to face downward pressure due to the inverse relationship between USDT dominance and the broader crypto market.
Watching for confirmation of this bounce could provide shorting opportunities in CRYPTOCAP:BTC & #crypto .
Retest-structure
BITCOIN FORMED BULLISH DIVERGENCE FUELING TO 75KScenario 1: CRYPTOCAP:BTC Moves Up with Strong Volume After a Rate Cut
Bullish Divergence Support: The bullish divergence suggests that #Bitcoin is gaining strength, indicating a potential upward move.
Volume Confirmation: If BTC moves up with solid volume post-rate cut, it could break through 74k and potentially head higher. Increased volume after the rate cut could be a sign that institutional or retail investors are confident in the rally, driving prices above previous resistance levels.
Target: If this scenario plays out, BTC could surpass the 74k mark, especially if the broader market sentiment is favorable post-rate cut.
Scenario 2: BTC Reaches 73k, Then Faces Another Correction
Resistance at 73k: If BTC reaches 73k but struggles to break above it, this would indicate a strong resistance zone. A pullback could follow as the market hesitates or prepares for another consolidation phase.
Correction Potential: In this case, CRYPTOCAP:BTC may correct before attempting another rally. This could be a short-term dip that sets the stage for a more significant breakout once the market rebalances.
Target: If the price reaches 73k but can't break it, then a pullback would likely bring BTC back into a lower range for a while before making another attempt at the next breakout.
Key Factors to Watch:
1. Volume: As you noted, volume is crucial. A strong volume push above resistance (like 73k) would favor Scenario 1.
2. Macro Events: The rate cut and overall macroeconomic factors could heavily influence the market. If the rate cut signals more liquidity or favorable conditions for risk assets like Bitcoin, Scenario 1 becomes more probable.
3. Market Sentiment: The overall sentiment in both crypto and traditional markets will play a role. If broader financial markets are stable or bullish, Bitcoin could push past the resistance levels.
Ultimately, monitoring the price action around the 73k and 74k levels, as well as volume trends, will help clarify which scenario is more likely.
Swing Last in 2015 this stock given breakout but at retest level it failed and came down to 335
Then tried multiple times to give breakout at the same level of from where it falled in 2015
But this time in 2024 this green BO candel closed above the resistance line and while retesting it sustained it support line from where it falled in 2015.
When reversal came it closed above its resistance line in Day Tf also in week Tf also
BULLISH
BAJAJ FINANCEHello and welcome to this analysis
After reversing from a bearish harmonic Gartley pattern its now gone on to test its previous breakout level.
In lower time frame its forming a bullish RSI divergence. Sustaining above 7400 it could retest 7700 and more provided it does not break 7200.
Happy trading and investing
ASHOK LEY LAND Getting Attractive For LongAshok Ley Land
On Retracement Mode After Respecting the tgt of 265±
Longterm Investors
Can accumulate till 185.
Looks good in Parabolic UPTREND PATTERN & ELLIPTICAL BREAKOUT ALSO SEEN.
(Based on Elliptical structure 207± support looks good)
TARGETS EXPECTED ARE MARKED IN THE CHART.
Shared it for Reference Purpose Based on CHART PATTERN.
Kindly do Your Analysis From Your Side.
This is not a BUY or SELL RECOMMENDATION from my side.
Retesting it's Breakout and About to Break Major Levels NSE:TECHM is retesting its resistance on a weekly timeframe, if 1530-1574 is sustained it can easily go to ATH Levels of 1838. Keep in Radar
Check out my other stock ideas below until this trade gets activated, I would love your feedback.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
USDT.D Retesting Previous Support as New ResistanceUSDT.D Bullish Divergence and Double Bottom Signal a Trendline Retest
USDT dominance ( CRYPTOCAP:USDT.D ) has formed a bullish divergence on the 4-hour chart, along with a double bottom pattern.
These signals suggest that USDT.D is gearing up to retest the trendline. Meanwhile, Bitcoin and altcoins are likely to undergo a retracement, offering another healthy opportunity to enter long positions.
This setup indicates potential strength in USDT.D, which may lead to a temporary pullback in the broader crypto market before resuming the uptrend.
BANKING MAJOR COMPLETES RETEST.India's biggest bank finally broke out after months of correction and consolidation. Lot of news and investment expectations boosted the stock for new breakout but a green candle was nowhere to be found for strong close after huge gap ups and hence stock corrected down to its supports. NSE:HDFCBANK is finally ready to continue its upmove after completing its retest.
Suzlon : Breakout Candidate#Suzlon #VCP #Breakout #trendingstock
Suzlon :
>> Rounding Bottom Breakout + Retest Done
>> Small VCP Visible (Retest zone)
>> Trending Stock
>> Good Strength & Volumes
>> Low Risk High Reward Trade
Swing Traders can lock 10% profit & keep trailing
Please give a Boost or comment if u r Liking the analysis & Learning from it. Keep showing ur Love by following
Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
Man Industries : Breakout Candidate
#Maninds : #Breakout Candidate
>> Range Breakout + Retest done
>> Decent Valuation Stock
>> Trending Setup
>> Flag Structure Visible
>> Low Risk High Reward Trade
Swing Traders can Lock profit at 10% and keep trailing
Please give a Boost or comment if u r Liking the analysis & Learning from it. Keep showing ur Love by following
Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
#AVAX Ready to Skyrocket: Massive Gains Ahead!Hi everyone! Today, I'd like to highlight another top altcoin: AVAX. It has found strong support at the anchored VWAP and is currently retesting a previous high area. Recently, $AVALANCHE surged to retest the previous support level from 2021, around the $65 zone, which acted as resistance. Now, it's finding support from previous highs.
The VWAP is a highly regarded indicator, often used by institutional investors. Given this, it might be an excellent time to buy AVAX, as it appears ready to soar from its current range of $20 to $22. If it retests its all-time high of $148, we could potentially see returns of up to 500% from this point.
#BTC/USDT Bulls Gather Momentum: A Potential Price Surge AheadThe #BTC/USDT pair has recently undergone a significant event, testing a key trend line and subsequently bouncing from it. This bounce has coincided with the formation of a bullish divergence, indicating a potential trend reversal and the beginning of a bullish phase for Bitcoin.
The current price action suggests that #Bitcoin is now poised to retest three critical resistance levels at $62600, $67200, and $71000. If these levels are successfully breached, it could pave the way for a move towards the $85,000 target.
The successful breakout above these resistance levels would confirm the strength of the bullish momentum and could attract further buying interest from traders and investors. However, it's important to monitor the price action closely, as failure to break above these levels could lead to a continuation of the current consolidation phase.
Analyzing Bullish Divergence: #LINK/USDT Set for Upward Momentum#LINK/USDT Technical Analysis: Bullish Divergence Signals Potential Upside
The #LINK/USDT pair has formed a bullish divergence pattern, suggesting a potential upward movement in the near term. Currently bouncing, it aims to retest the $14.1 level as its immediate resistance.
Should the price manage to surpass this level and breach the liquidity area, further gains towards $15.1 are anticipated. Traders are advised to closely monitor the price action for confirmation of bullish momentum and potential entry opportunities.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Traders should conduct their own research before making any investment decisions.
#Bitcoin Heating Up: Analyzing the Bulls' MomentumIt sounds like you're analyzing two potential scenarios for the BTC/USDT pair. Let's break them down:
1. **Retest of $60,000 to $59,000, then liquidation of longs, followed by a rise to $84,000:**
- This scenario suggests that Bitcoin might retest the $60,000 to $59,000 level, possibly to shake out weak hands or test support levels. After this retest, it could liquidate long positions (which could lead to a sharp drop in price) before ultimately rising to $84,000.
- This scenario implies a short-term bearish movement followed by a significant bullish move.
2. **Fall to important support levels of $53,000 to $52,000, then rise to $84,000:**
- In this scenario, Bitcoin would fall to the $53,000 to $52,000 support range, possibly indicating a deeper correction. After reaching this support level, the price would then rally to $84,000.
- This scenario suggests a more significant correction to key support levels before a strong recovery to new highs.
Both scenarios indicate potential short-term volatility and significant price movements. It's essential to consider the overall market conditions, news events, and technical indicators when evaluating these scenarios to make informed trading decisions.
Bharat Dynamics Limited (BDL): A High-Flying Opportunity! Today, we're going to take a deep dive into the technical analysis of Bharat Dynamics Limited ( NSE:BDL ), a government-owned company in India.
📈 Breaking the Rectangle Pattern 📈
On April 24, 2024, BDL broke out of a Rectangle pattern that was formed after making an all-time high. This rectangle can be interpreted as a Re-accumulation in stage 2.
🎯 New All-Time High and Retest 🎯
In last week, the stock broke its all-time high and formed a new all-time high. The breakout was accompanied by very high volumes. In the last 3 days, the stock has been coming down to retest the Breakout with low volume. This shows that the downward movement is without selling interest, which is a good sign.
💡 Trading Strategy 💡
We can plan an entry at 1955 to trade the breakout retest entry or you can say entry at the demand zone of the lower timeframe which is available on the 15-minute chart.
Keep a stop loss below 1897 which is around 3% down from the entry point.
The first target should be a 6% gain.
For riding the rally, trail your stop loss.
Thank you for your support, your likes, and comments. Feel free to ask if you have any questions. Remember, the journey of a thousand miles begins with a single step. So, let's step into the world of trading with confidence and determination! 🚀
Please note that this analysis is for educational purposes only. I am not a SEBI registered analyst. This is not intended as a trading or investment recommendation. Happy trading! 🎉
TATA MOTORS - Swing Trade - 27th February #stocksTATA MOTORS (1D TF) - Swing Trade Analysis given on 27th Feb, 2024
Pattern: ASCENDING TRIANGLE
- Resistance Breakout - Done ✓
- Volume buildup at Resistance - Done ✓
- Retest & Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #TATAMOTORS #stockmarket #sharemarket #viral #sharemarketindia #StockMarketindia
EXIDEIND | Weekly Chart | 5.5years Multiyear BO | ATH BOChart analysis in Weekly time frame:
Pattern: Basing pattern is formed in 5.5 years.
Breakout: BO of ATH and Basing pattern and re-test of breakout is also performed.
Volume: Volume spike is there during BO and the volume is above Moving Average.
Trade setup:
Entry price: 345.7
Stop loss: Below previous ATH 304.7
Target 1: 369.3
Target 2: 407.55
Target 3: 469.4
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades