MA200 IS AT 7222 ON WEEKLY .. IF THERE IS ANY BULL CASE PENDING ...THIS IS IT - CLOSING ABOVE 7230 FOR THIS WEEK CANDLE . ANY BREAK & CLOSE BELOW 7200 WILL LEAD TO SLOW BUT GRADUAL FALL TOWARDS @4900
The stock has witnessed sell off during past few weeks. Currently the stock is at an very important support level – 1670. A move down from this level will not be a good sign for the buyers and the stock may fall down further and test 1560 levels. The RSI is just at the support levels, a pull back here has to be monitored and seen for bullish continuation signals....
1. Looks like BTC is forming H&S Pattern over smaller time frame.
2. Pattern is not yet completely formed but keeping an eye over this.
3. Will Take small long position on right shoulder & add more on breakout.
Ethereum is under pressure on Tuesday, with short-term bulls taking back control of the cryptocurrency below the $180.00 support level. Going forward, the ETHUSD pair still has a strong correlation to Bitcoin, many altcoins are also breaking lower. Overall, a bearish head and shoulders pattern with strong downside potential has been triggered on the lower time...
Ethereum is performing fairly well despite the recent heavy losses seen across the broader cryptocurrency market this week. Continued gains above the $180.00 level are now needed to challenge towards the top of the ETHUSD pair’s short-term trading range. Crypto market sentiment is still weak at present, although the altcoin space appears to be performing better...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.001300). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NEOBTC is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic...
PIDILITE INDUSTRIES: The stock has recently rendered itself into sideways moves. The prices on the daily charts have drifted below the KS & TS lines, moving towards lead line 2 where it may find support. Breaking below it will not be favorable for the stock in the short term. It may further fall down to 1295 thereafter 1195. The momentum indicators are indicating...
GDET
• Recent powerful build in high-quality inventory in CBD segment suggests positive catalysts ahead
• Company in position to expand Crypto Mining operations after positive negotiating result in energy cost-basis
• Hints of coming reduction in outstanding shares suggest cap table boost ahead
• Technicals favor long-side strategies in GDET shares on key...
14 May 2020 is halvening date, date after which miners rewards will be cut in half which essentially means half supply. Bitcoin has broken out of bearish market structure with recent rally from $3.2k to $14k. But it needs to retest the lows(/retest the broken bearish trendline) it made in Dec'18. Is it going to be a higher low or lower low, it needs to be seen. I...
