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MAV/USDT SHORT 1HRFibonacci ratios are popular tools used in technical analysis for trading. They are based on the Fibonacci sequence, a mathematical sequence in which each number is the sum of the two preceding ones. The most commonly used Fibonacci ratios in trading are 0.618 (also known as the Golden Ratio) and its inverse, 1.618. Trend-based Fibonacci ratios are used to identify potential levels of support and resistance in a trending market. Traders typically use these ratios to determine potential entry and exit points for their trades. Here's how trend-based Fibonacci ratios work: 1. Identify the Trend: Determine whether the market is in an uptrend or a downtrend. This can be done by analyzing price action, moving averages, or trend lines. 2. Identify the Swing Points: Swing points are the significant highs and lows within the trend. In an uptrend, swing points are the local highs, while in a downtrend, swing points are the local lows. Identify at least two swing points to draw Fibonacci retracement levels. 3. Apply Fibonacci Retracement: Once the swing points are identified, draw the Fibonacci retracement tool from the low to high (in an uptrend) or from high to low (in a downtrend). The Fibonacci levels commonly used are 38.2%, 50%, and 61.8%. These levels indicate potential areas where the price might retrace before continuing in the direction of the trend. 4. Identify Potential Support and Resistance Levels: The Fibonacci retracement levels act as potential support (in an uptrend) or resistance (in a downtrend) areas. Traders look for price reactions at these levels, such as bounces, consolidations, or breakouts, to determine the strength of the trend and make trading decisions. 5. Combine with Other Technical Tools: Fibonacci ratios are often used in conjunction with other technical indicators or chart patterns to increase their effectiveness. For example, traders might look for confluence between Fibonacci levels and trendlines, moving averages, or candlestick patterns to strengthen their trading signals. It's important to note that while Fibonacci ratios can be helpful in identifying potential levels of support and resistance, they are not foolproof and should be used in conjunction with other analysis techniques. It's always recommended to practice risk management and consider multiple factors before making trading decisions.
Short
by cryptotradingmonster
2
Short bearish view on AVXUSDT (Aave Token/Tether)A bearish view on AVXUSDT (Aave Token/Tether) suggests that the price of Aave Token is expected to decline against Tether or the US dollar. Here are some possible reasons for a bearish outlook: Market Sentiment: If there is a general pessimism or negative sentiment in the cryptocurrency market, it could impact the price of AVXUSDT. Factors such as market corrections, profit-taking, or a broader downtrend in the market can contribute to bearish sentiment. Technical Analysis: By analyzing historical price data, patterns, and indicators, technical analysts may identify signals that indicate a potential downtrend. Bearish chart patterns, such as lower highs and lower lows, bearish divergences, or breakdowns of key support levels, could suggest a forthcoming price decline. Fundamentals: Negative developments in the fundamental aspects of Aave or the broader decentralized finance (DeFi) sector could influence a bearish view. These might include concerns about security vulnerabilities, regulatory uncertainties, or challenges related to the adoption and usage of DeFi platforms. Competition: Aave faces competition from other DeFi platforms and lending protocols, such as Compound, MakerDAO, or Synthetix. If these platforms gain market share or introduce innovative features that attract users and liquidity away from Aave, it could impact the price negatively. Regulatory Environment: Regulatory actions or uncertainties surrounding cryptocurrencies and DeFi can significantly impact their prices. If there are restrictive regulations or crackdowns on DeFi platforms or if regulatory bodies express concerns about the sector, it could create a bearish sentiment. Market Manipulation: Cryptocurrency markets, including DeFi tokens, are susceptible to manipulation due to their relatively low liquidity compared to traditional financial markets. Price manipulation schemes, such as pump-and-dump schemes or coordinated selling, could artificially drive down the price of AVXUSDT. It's important to note that cryptocurrency markets are highly volatile, and the sentiment can change rapidly. It's crucial to conduct thorough research, monitor market conditions, and consider multiple perspectives before making any investment decisions.
Short
by nikhilbansal
ETHUSDT Bearish View and downtrendA bearish view on ETHUSDT (Ethereum/Tether) suggests that the price of Ethereum is expected to decline against Tether or the US dollar. Here are some possible reasons for a bearish outlook: Market Sentiment: If there is a general pessimism or negative sentiment in the cryptocurrency market, it could impact the price of ETHUSDT. Factors such as regulatory concerns, market corrections, or overall market downtrends can contribute to bearish sentiment. Technical Analysis: By analyzing historical price data, patterns, and indicators, technical analysts may identify signals that indicate a potential downtrend. Bearish chart patterns, such as head and shoulders, double tops, or descending triangles, could suggest a forthcoming price decline. Fundamentals: Negative developments in the fundamental aspects of Ethereum could influence a bearish view. This might include issues like scalability challenges, security vulnerabilities, or concerns regarding the adoption and usage of the Ethereum network. Competition: Ethereum faces competition from other blockchain platforms, such as Binance Smart Chain, Solana, or Polkadot. If these platforms gain traction and attract users and developers away from Ethereum, it could impact the price negatively. Regulatory Environment: Regulatory actions or uncertainties surrounding cryptocurrencies can significantly impact their prices. If there are restrictive regulations or crackdowns on cryptocurrencies in general or on Ethereum specifically, it could create a bearish sentiment. Market Manipulation: Cryptocurrency markets are susceptible to manipulation due to their relatively low liquidity compared to traditional financial markets. Price manipulation schemes, such as pump-and-dump schemes or coordinated selling, could artificially drive down the price of ETHUSDT. Remember that cryptocurrency markets are highly volatile and subject to various factors that can rapidly change the market sentiment. It's crucial to conduct thorough research and analysis before making any investment decisions.
Short
by nikhilbansal
Nifty Finance Services is forming a triple top resistanceTo analyze whether Nifty Finance Services is forming a triple top resistance or has the potential to break away, here are a few key points to consider: Technical Analysis: Conduct a thorough technical analysis of Nifty Finance Services using various tools like trend lines, support and resistance levels, moving averages, and chart patterns. Look for signs of price consolidation and the formation of multiple tops, indicating potential resistance. Monitor the price action closely for confirmation. Volume Analysis: Examine the trading volume associated with Nifty Finance Services. Higher volume during the formation of resistance may suggest the significance of the resistance level. Conversely, a breakout may be supported by increased trading volume, indicating potential strength. Market Sentiment: Assess the overall market sentiment and investor behavior towards the financial sector. Consider factors such as economic conditions, interest rates, regulatory changes, and market news. Positive market sentiment and favorable industry trends can support a potential breakout. Remember that investing in the stock market carries inherent risks, and no method or analysis can guarantee accurate predictions. It's crucial to exercise due diligence, conduct thorough research, and consider multiple factors when making investment decisions.
NSE:CNXFINANCE
by mugunthan2k
PGHH is near a 14 year trend line.PGHH has formed an upward trend line on a log chart. Price touched it 6 times and every time it bounced from it. Situation now is different. Currently it has been consolidating near 13800 for almost 2 years. Hence this time it did not bounce from the trend line. It shows some signs of weakness. This means it has a neutral opinion based on chart patterns. Hence it is an important time to study business fundamentally. Similarly DMART is at the same point technically.
NSE:PGHH
by Sumanyu_Aggarwal
Astral 1:6 risk / reward we can see it"s a high probability trade because it has formed 3 bullish patterns in multiple time frames with that it has already achieved 42% of the target and we can still expect 10-12% more . I am expecting a retest at 1 hour channel pattern and goint to enter with a risk of 2.5% and a reward of 12%-14% 1- technical chart patterns in our favour. 2- multi time frame analysis results are bullish. 3- market (nifty 50) also seems positive. 4- fundamentally good
NSE:ASTRALLong
by asiddharth60
SGX Nifty A Possible downtrend Started I ThinkAs we can see that nifty breaks the Triangular pattern as shown on the charts. Also the retracement is in the support of my theory. But Some how I am not 100% sure as these chart patterns works smooth on stocks and patterns on indexes often tends to fail. *I am not a SEBI registered analyst. The whole study is my own personal research and for educational purpose only. Trade is not recommended, if done i will not be responsible for any trade related losses. Thanks
NSEIX:NIFTY1!
by peeyushbajaj
NIfty 50 17-01-2022The Nifty seems to be somewhat bullish in the near time in the hourly basis time frame, The given ranges are mentioned in the analysis. The market will give a breakout once it breaks the nearest support or resistance mentioned in the analysis on either side. . . . . . . . . . . . . *Disclaimer*- This is just an analysis of the data on the basis of technical factors such as chart patterns, candlestick patterns, trend line, option chain data, etc. Stock Market or Trading in any type of market is subject to high financial risk. You should see this idea as just an analysis. You are not obliged to follow my instructions. You will be responsible for all types of gains or losses in the market. . .
NSE:NIFTY1!Long
by vashishthviraaj
Voltas Long Position(Breakout)Voltas Ltd. has been in the news for shorting recently. But demand in consumer goods and higher trading volume s had made the stock jump and pass the resistance point it has been trying to break two times as seen in the chart. Breakout is observed which makes it a strong buy currently. And coincidentally, it is the only Tata stock which hasn't witnessed monumental peaks. This breakout suggest that the stock is perfect for getting into long positions. Disclaimer- This is a well thought-out and researched recommendation. Trade at your own risk and research. This idea is to help you research the stock and update you about the scrip's price and chart patterns. TRADE AT YOUR OWN RISK. THIS IS PURELY EDUCATIONAL MATERIAL. NSE:VOLTAS
NSE:VOLTASLong
by traderwithadream
1