$ADA Bullish Pennant Formation
#ADA is consolidating inside a bullish pennant on the 1-hour chart after a strong rally from $0.56 → $0.77.
🔹The pole is formed by a steep breakout
🔸Price is now tightening within converging trendlines
🔹Classic sign of continuation if breakout occurs to the upside
Breakout Zone:
Watch for a breakout above $0.76–$0.77
If confirmed, next targets = $0.80, $0.83 and $0.88
Invalidation Level:
Breakdown below $0.70 negates the pennant structure
⏳ Tight structure — breakout likely soon
Search in ideas for "ada"
Maruti Suzuki India Ltd.Maruti Suzuki India Ltd. (MSIL) operates a robust business model centered on manufacturing, selling, and servicing passenger vehicles in India, with a focus on affordability, fuel efficiency, and a strong distribution network.
1. Core Business: Vehicle Manufacturing and Sales
Product Portfolio: MSIL produces 22 models across segments, including hatchbacks (e.g., Swift, Alto K10), sedans (e.g., Dzire), SUVs (e.g., Grand Vitara, Brezza), and MPVs (e.g., Ertiga). It offers petrol, CNG, hybrid, and electric (e.g., e-Vitara) powertrains to cater to diverse customer preferences.
Market Positioning: Focuses on affordable, fuel-efficient vehicles for the mass market, though it is expanding into premium SUVs and EVs to compete with rivals like Hyundai and Tata Motors.
Revenue Stream: Primary revenue comes from vehicle sales, contributing the bulk of its ₹152,913 crore revenue in FY25. Domestic sales dominate, with exports to over 100 countries (e.g., Latin America, Africa).
2. Production and Supply Chain
Manufacturing: Operates plants in Gurugram, Manesar, and Gujarat (via the merged Suzuki Motor Gujarat Pvt. Ltd.). These facilities produce over 2 million vehicles annually, with a focus on localization to reduce costs (up to 90% local components).
Economies of Scale: High production volumes and a lean supply chain enable competitive pricing. MSIL collaborates with Suzuki Motor Corporation (Japan) for technology and R&D, including hybrid and EV development.
Rare Earth Strategy: Despite global rare earth shortages impacting EV production (e.g., e-Vitara targets cut from 26,500 to 8,200 units for April–September 2025), MSIL claims no immediate operational disruptions.
3. Distribution and Sales Network
Extensive Reach: Operates over 3,000 sales outlets (e.g., Arena, Nexa) across 2,000+ cities, ensuring accessibility in urban and rural markets.
Nexa Premium Channel: Targets premium customers with models like Grand Vitara and Fronx, contributing to 20% of sales.
True Value: A pre-owned car business with over 600 outlets, enhancing brand loyalty and generating additional revenue through used-car sales.
4. After-Sales and Service
Service Network: Over 4,500 service touchpoints, servicing 24.5 lakh vehicles in May 2025 alone. Plans to expand to 8,000 touchpoints by FY31, including 1,500 EV-enabled workshops.
Revenue Stream: Spare parts, accessories, and service contracts provide recurring income, bolstered by high customer retention due to low maintenance costs and widespread availability.
5. Ancillary Services
Financing: Partnerships with banks like ESAF and Equitas Small Finance Bank offer retail financing for new, used, and commercial vehicles, targeting Tier II and III cities.
Insurance and Accessories: Maruti Suzuki Insurance and genuine accessories (e.g., alloy wheels, infotainment systems) add revenue streams.
Driving Schools: Maruti Driving Schools train customers, reinforcing brand engagement.
6. Innovation and Sustainability
R&D Focus: Invests in hybrid, CNG, and EV technologies to align with India’s sustainability goals and compete in the growing SUV and EV markets (e.g., e-Vitara, series hybrid for Fronx/Baleno).
Digital Integration: Suzuki Connect offers connected car features like remote diagnostics and geofencing, enhancing customer experience.
CNG Leadership: Commands a 73% share in India’s CNG vehicle market, capitalizing on demand for fuel-efficient alternatives.
7. Revenue Model Breakdown
Primary Revenue: Vehicle sales (domestic ~80%, exports ~10%).
Secondary Revenue: After-sales services, spare parts, accessories, insurance, and financing.
Profitability: FY25 net profit of ₹14,256.3 crore on ₹152,913 crore revenue, with a 9.3% profit margin, driven by cost efficiency and high sales volume despite a 4.3% profit dip in Q4 FY25.
8. Challenges and Adaptations
Market Share Decline: Dropped from 51% in 2020 to under 41% in 2025 due to competition in SUVs and EVs. MSIL counters with new launches (e.g., Escudo, e-Vitara) and hybrid technology.
Small Car Segment: Declining demand for entry-level cars (e.g., Alto) prompted MSIL to seek government support for revival.
Global Supply Risks: Rare earth shortages pose challenges for EV scaling, though MSIL mitigates through diversified sourcing and localized production.
Strategic Edge
MSIL’s business model leverages its dominant market presence, cost leadership, and extensive network to maintain profitability. By diversifying into SUVs, EVs, and hybrids while strengthening financing and service offerings, it aims to counter competitive pressures and sustain growth in a shifting automotive landscape.
Recent News and Developments (as of June 27, 2025):
New Vehicle Launches:
Maruti Suzuki Escudo: A new mid-size SUV, codenamed Y17, is set to launch around Diwali 2025. It will compete with the Hyundai Creta and Kia Seltos, offering petrol, hybrid, and CNG powertrains. The Escudo is expected to feature a larger touchscreen than the 9-inch unit in the Grand Vitara, along with safety features like six airbags, ABS with EBD, and potentially Advanced Driver Assistance Systems (ADAS).
e-Vitara Electric SUV: Maruti’s first electric vehicle, the e-Vitara, is slated for a September 2025 launch. It debuted at the 2025 Bharat Mobility Global Expo and is expected to offer a range of up to 500 km, competing with the Hyundai Creta Electric. However, production targets for April–September 2025 were cut by two-thirds (from 26,500 to 8,200 units) due to a global rare earth supply crisis, though MSIL claims no immediate impact on operations.
Grand Vitara S-CNG: Launched in June 2025, this model includes premium features like a 9-inch SmartPlay Pro+ infotainment system, wireless charging, ventilated seats, and Suzuki Connect.
New Compact MPV (YDB): Based on the Suzuki Spacia, this sub-4-meter MPV with a hybrid engine is expected to launch in 2026–27.
Series Hybrid Engine: MSIL is developing a new hybrid engine for mass-market models like the Fronx, Baleno, and Brezza, with the Fronx facelift expected in 2025.
Midhani: Breaks Out of Consolidation: Ready for Lift-Off ?NSE:MIDHANI Breaks Out of Consolidation: A Technical Powerhouse Ready for Lift-Off ?
Price Action Analysis:
- Current Price: ₹463.60 (as of June 23, 2025)
- Price Movement: +20.30 points (+4.58%) on the day
- The stock has demonstrated a spectacular breakout from a lengthy consolidation phase
- Sharp vertical surge from ₹340 levels to current highs of ₹463.60
- Strong momentum evident with substantial volume expansion
Volume Spread Analysis:
- Current Volume: 6.03M shares (significantly elevated)
- Average Volume: 2.36M shares
- Volume surge of approximately 155% above average indicates strong institutional participation
- Volume spike during breakout confirms genuine buying interest
- The previous consolidation period showed declining volume, typical of accumulation phases
Key Technical Levels:
Base Formation:
- Primary Base: ₹220-₹340 range (March 2025 to May 2025)
- Base Duration: Approximately 3 months
- Base Type: Cup and Handle pattern with rectangular consolidation
- Base Depth: From ₹463 high to ₹220 low (52.5% correction)
- Quality: High-quality base with proper volume characteristics
Support Levels:
- Immediate Support: ₹420-₹440 (previous resistance turned support)
- Secondary Support: ₹380-₹400 (50% retracement of recent move)
- Major Support: ₹340-₹360 (breakout point and upper base boundary)
- Ultimate Support: ₹280-₹300 (middle of base formation)
Resistance Levels:
- Immediate Resistance: ₹480-₹500 (psychological round numbers)
- Next Resistance: ₹520-₹540 (measured move from base)
- Major Resistance: ₹580-₹600 (long-term projection target)
Technical Patterns Identified:
Primary Pattern:
- Cup and Handle Formation: Completed with successful breakout
- Handle Formation: Tight consolidation between ₹320-₹340 levels
- Breakout Volume: Exceptional with 155% above average volume
Secondary Patterns:
- Ascending Triangle: Formed during the handle phase
- Flag Pattern: Brief consolidation after initial breakout surge
- Higher Lows: Consistent pattern throughout base formation
Trend Analysis:
- Primary Trend: Strongly Bullish (breakout confirmed)
- Intermediate Trend: Bullish momentum accelerating
- Short-term Trend: Overbought but maintaining strength
Trade Setup and Strategy:
Entry Levels:
- Aggressive Entry: ₹445-₹460 (current levels on minor pullbacks)
- Conservative Entry: ₹420-₹440 (on deeper retracement to support)
- Breakout Entry: ₹350-₹360 (for those who missed the initial move)
Exit Levels:
- Target 1: ₹500 (near-term psychological resistance)
- Target 2: ₹540 (measured move from base)
- Target 3: ₹600 (extended target based on base width)
Stop-Loss Strategy:
- Tight Stop: ₹420 (for aggressive entries)
- Standard Stop: ₹380 (below key support zone)
- Conservative Stop: ₹340 (below breakout point)
Position Sizing and Risk Management:
Position Sizing Guidelines:
- Conservative Allocation: 2-3% of portfolio
- Moderate Allocation: 3-5% of portfolio
- Aggressive Allocation: 5-7% of portfolio (for high-risk tolerance)
Risk Management Framework:
- Maximum Risk per Trade: 2% of total capital
- Risk-Reward Ratio: Minimum 1:3 for all entries
- Scaling Strategy: Add positions on pullbacks to support levels
- Profit Booking: Book 30% at Target 1, 40% at Target 2, 30% at Target 3
Portfolio Considerations:
- Sector Allocation: Limit defence/aerospace exposure to 10-15% of portfolio
- Correlation Risk: Monitor other defence stocks for overexposure
- Market Timing: Consider broader market conditions before position sizing
Sectoral and Fundamental Backdrop:
Defence and Aerospace Sector Overview:
- India's defence budget targeting ₹1.75 lakh crore turnover by 2025
- The government focus on Atmanirbharta (self-reliance) in defence manufacturing
- The global aerospace and defence market is showing a strong growth trajectory
- Space economy growing at 7.4% year-over-year globally
Company Fundamentals:
- Market Cap: ₹8,693 crore
- Revenue: ₹1,074 crore (FY2025)
- Net Profit: ₹110 crore with 21.28% growth in Q4 FY2025
- Promoter Holding: 74% (strong management confidence)
- Specialisation: High-grade alloys, aerospace materials, defence components
Recent Developments:
- Strong presence at Aero India 2025 with indigenous aerospace materials
- Launch of High-Temperature Nickel Alloy Billets and Superni 41 Plates
- Strategic partnerships with HAL, GTRE, ADA, and the Indian Air Force
- Focus on critical materials for defence and aerospace applications
Industry Catalysts:
- Increasing defence procurement by the Indian government
- Export opportunities in aerospace components
- Technological advancement in the space and defence sectors
- The government push for indigenous manufacturing capabilities
Risk Factors and Considerations:
Technical Risks:
- Overbought conditions in the near term may lead to consolidation
- High volatility expected due to recent breakout
- Potential for profit booking at psychological resistance levels
Fundamental Risks:
- Dependence on government orders and policy changes
- Competition from private sector players
- Raw material cost fluctuations
- Execution risks in scaling up production
Market Risks:
- Broader market correction could impact momentum
- Sector rotation away from defence stocks
- Geopolitical factors affecting defence spending
- Interest rate environment impacting valuations
My Take:
NSE:MIDHANI presents a compelling technical setup with a successful breakout from a well-formed base pattern. The combination of strong volume confirmation, favourable sector dynamics, and improving fundamentals creates an attractive investment opportunity. However, investors should be mindful of the recent sharp move and consider appropriate position sizing and risk management strategies.
The stock appears well-positioned to benefit from India's growing defence and aerospace sector, supported by government initiatives and increasing focus on indigenous manufacturing capabilities. Technical indicators suggest further upside potential, making it suitable for both momentum and growth-oriented investment strategies.
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Disclaimer: "I am not a SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER."
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.
KPIT TECH Date 30.01.2025
KPIT TECH
Timeframe : Day Chart
FY25 MARGIN GUIDANCE INCREASED TO 21%
Key Consolidated Financial Metrics
🔹 Revenue from Operations: ₹1,478 crore
➤ (YoY: ₹1,257 crore, +17.6%)
🔹 Net Profit (PAT): ₹187 crore
➤ (YoY: ₹155.3 crore, +20.4%)
🔹 EBIT: ₹254 crore
➤ (YoY: ₹209 crore, +22%)
🔹 EBIT Margin: 17.2%
➤ (YoY: 16.6%, improvement of +60 bps)
Analysis Notes
🔹 Revenue Growth:
➤ Strong 17.6% YoY growth driven by demand in automotive software solutions, particularly in electric & autonomous mobility.
🔹 Profitability Expansion:
➤ PAT growth of 20.4% YoY highlights improved operational efficiencies and increasing order execution.
🔹 EBITDA & Margins:
➤ EBIT grew 22% YoY, with EBIT margin improving to 17.2% (+60 bps YoY), reflecting better cost control and higher-value projects.
🔹 Beats Estimates:
➤ The company outperformed market expectations, delivering higher-than-estimated revenue and profitability.
Operational Highlights
1.Growth in Automotive Engineering:
➤ Increasing engagements with OEMs & Tier-1 suppliers in EV, ADAS, and Software-Defined Vehicles (SDVs).
2.Strong Order Pipeline:
➤ Healthy deal wins in the mobility ecosystem and sustained growth momentum across geographies.
3.Efficiency Gains:
➤ Higher-margin projects and cost optimization led to improved EBIT margins.
Challenges
•Macroeconomic Uncertainty: Potential slowdowns in automotive spending could impact future growth.
•Talent & R&D Costs: Continued investments in talent and innovation may exert pressure on margins.
Investor Takeaways
•Solid Revenue & Profit Growth: KPIT is capitalizing on the rapid shift toward automotive digitalization.
•Margin Expansion: Cost efficiencies and premium projects contributed to EBIT margin growth.
•Outlook Positive: Strong pipeline of next-gen mobility solutions positions KPIT for continued growth.
KPIT Technologies delivered a stellar Q3 FY2025 performance, exceeding expectations with robust revenue growth, higher profitability, and margin expansion, reinforcing its leadership in automotive engineering solutions.
Regards,
Ankur
ChainGPT Holding Strong at $0.140: Can ChainGPT Go Up 1300%?ChainGPT Holding Strong at $0.140: Can ChainGPT Go Up 1300%?
🔹 Current Price: $0.140, sitting at a strong support zone.
🔹 Accumulation Zone: $0.140 - $0.115 (Green box).
🔹 Expectations: Big potential gains for $CGPT!
🔹 Long-Term Target: $1.40 (HTF Parallel Channel Resistance), which is ~1300% from the accumulation zone.
Targets:
1️⃣ $0.180
2️⃣ $0.270
3️⃣ $0.47
4️⃣ $0.80
5️⃣ $1
6️⃣ $1.50 🚀
Stop Loss: If the price drops below the green box, it may turn bearish.
XPR View!! 9Hr!!XRP lost 5.7% of its valuation this week, but at least in this case, the price has been making higher lows, which makes sentiment slightly more optimistic than Ethereum.
The problem with this cryptocurrency is that it has been in a flat trend for years now. Somehow, sellers always stopped buyers’ attempts to take the price towards $1. Faced with this, XRP bounced between the key levels and never left them.
Looking ahead, XRP has good support at around 50 cents, but the resistance at 68 cents has stopped any ambitious buyers since late 2023. Hopefully, 2024 will offer a clear breakout before the end of the year.Cardano (ADA)
Binance Coin (BNB) Binance Coin (BNB) is less of a loser than ADA, falling by 2.57%.Image by TradingView
From the technical point of view, the price of BNB is in the middle of the narrow channel, gaining energy for a further move.
As none of the sides is dominating at the moment, ongoing sideways trading in the area of $510-$530 is the more likely scenario.
BNB is trading at $517 at press time.
VARROC ENGINEERING - TREND IS CHANGINGFUNDAMENTALS
Varroc belongs to auto ancilliary sector.
One of the strongest OEM player to ride this bull run on auto sectors.
Ready for EV and had rolled out a lot of stuff for 2 wheelers already. Engine Valves, Lighting, Forging, ADAS ; you just name it and they make that.
The company is not only catering to Indian markets but have manufacturing setup outside india as well for global business..
One of the key points to note is that Varroc has very low public float around 8%.
75% with promoters, 5% with FIIs, and 12% with DIIs (MFs mainly)
While things went bit haywire post 2019 and company's growth went sideways to negative, it looks like they are back on track.
The current market cap is just under 8500 Crores (At cmp 555) while the Enterprise Value is value is already above 9600 Crores.
PE ratio is on a higher side amongst the peers but that would get adjusted with the expected rise in sales and underlying profits.
Cash flows of the company has also significantly improved.
Company has been taking initiative to lower down it's debt and its net debt to EBITDA had improved significantly (WALK the TALK).
While some business has seen some dip in European markets, the overall order book is very healthy and the results of all the initiatives shall reflect in the financials in next couple of years.
TECHNICAL
On technical charts it has broken out of 2019-2020 levels which it attempted to touch base in 2022 and recently in Sep/Oct 2023 as well. This attempt on 17 Nov 2023 has successfully cleared the resistance on weekly charts with rising volumes. Another interesting thing is that there was high volume rejection in May 2022 when it peaked around 493 in the month of April 2022; the current price and volume trend has even taken off those rejection levels with ease.
740 is a very very initial trading target (weak below 430) while I look this scrip as a portfolio buy for minimum 2-3 years time frame with targets of 1100 ++ (Weak below 400)
PS: From cmp of 555 this could be a doubler or multibagger in making. CLose watch on QoQ performance for next 6 quarters shall reveal a lot about the company.
Trading Signal For CardanoTrading Setup:
There is a Trading Signal to Sell in ADAUSDT Cardano
Traders can open their Sell Trades NOW
⬇️ Sell now or sell on 0.3536
⭕️SL @ 0.3592
🔵TP1 @ 0.3367
🔵TP2 @ 0.3238
🔵TP3 @ 0.3066
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
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Top 4 coins which have outperformed BTCBitcoin has increased by almost 48.97% in the year 2023. Let us have a look at the top 5 coins (based on market cap) which have outperformed BTC (we have not considered meme coins for our analysis).
1.Cardano (ADA)
YTD(%): 61.63
Price is currently moving within a range (0.385-0.421).
25% upside movement can be expected if price breaks above the range with 0.527 level acting as resistance.
Bearish RSI divergence has formed, thus, keep an eye on price movement.
2. Polygon (MATIC)
YTD(%): 86.26
Price moving within parallel channel.
21% upside movement is expected with resistance at 1.72.
If price breaks the channel, support can be found at 1.153.
3. Solana (SOL)
YTD(%): 150.57
Price is currently moving within a range (19.7-26.75). 56% upside movement can be expected if price breaks above the range with 38.95 level acting as resistance.
If price breaks below the range 14.9 level will act as support.
4. Polkadot (DOT)
YTD(%): 68.71
Price is currently trading near support (7.13 level). 10% upside movement can be expected with resistance at 8.06.
Bearish RSI divergence has formed. If price breaks 7.133 support with high volume, we can expect it to find support at 6.02.
Note: Studies are for educational purposes only.
We will not be responsible for any kind of your Profits & Losses.
Don't miss this Buy Opportunity for ADAUSDT - CardanoTrading proposals post based on price action, technical analysis, major intraday supports and resistances, rejections, breakouts, chart patterns and other factors .
Trading suggestion :
📍 ADAUSDT - Cardano
🔰 LONG
🟢Buy Now or Buy at : 0.2576
⛔️Stop Loss : 0.2495
🌀Take Profit 1 : 0.2790
🌀Take Profit 2 : 0.2955
🌀Take Profit 3 : 0.3125
#Ticker_trading #Tradingsignal 📣
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Trading Signal For ADAUSDT CardanoTrading Setup:
There is a Trading Signal to Buy in ADAUSDT Cardano
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 0.3105
⭕️SL @ 0.306
🔵TP1 @ 0.321
🔵TP2 @ 0.330
🔵TP3 @ 0.345
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
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WHAT IS NEXT FOR ADA !Hello Traders and everyone, I AM HADI KARAALI, KNOWN AS SNIPERS_FX
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ADAUSDT, as we clearly see price is around a strong support zone where we were searching for new longs
So, as we can see price get stuck inside a range and price now is approaching the lower bound lining up with the previous major swing high
As the price is retesting this area and for the bulls to kick in again we need a new swing high around the trendline Then a break
As shown in the pricture
Until that happens price can still dive more inside the support before the bulls prove control
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
Is the Second Sequel of Cryptocrash Beginning Here?
The liquidated amount in just the last 24 hrs was around $65 billion.
Market cap fell to $666 B from $950 B and it has bounced back to the $900 B range.
The last 24 hrs were very chaotic in the crypto environment, fall can be seen in every cryptocurrency in the market. Though the reason for the fall remains unknown, investors are petrified even at the thought of cryptocrash. The liquidation rate has also increased rapidly, resulting in a tremendous plunge in market capitalization.
Total market cap fell to $666 B from $950 B and it has now bounced back to the $900 B range. During the fall at $666 B market cap, the 24 hours trading volume was over $40 B and the current trading volume is above $73 B.
Cryptocurrencies in Cryptocrash
The market crash has affected every coin, including the market pioneers such as Bitcoin (BTC), Ethereum (ETH), and so on. The liquidated amount in just the last 24 hrs was around $65 billion.
The BTC is lower than $18 K, with a 7.86% fall in the last 24 hrs. The market cap is $352 B and the trading volume is at $36 B. The ETH is trading at the price of $1,290 with an 11.22% downfall in price. The market cap is $157 B and the trading volume is at $19 B.
Other altcoins such as BNB, XRP, ADA, SOL, and much more got stuck in the bearish market. Even the stablecoins like USDT, BUSD, and USDC are fluctuating up and down. The fear among the market is high and the HODL attitude is also not on the surface as of now.
💡Don't miss the great buy opportunity in ADAUSD @CardanoTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.469).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ADAUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 56.
Take Profits:
TP1= @ 0.487
TP2= @ 0.504
TP3= @ 0.522
TP4= @ 0.545
TP5= @ 0.583
SL= Break below S2
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BTCUSD Bybit Chart Analysis August 30
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I will begin BTCUSD Bybit Bitcoin Chart Analysis for August 30.
Bitcoin 4 hour chart.
In the main section
Yesterday's green support line -> changed to sky blue support line
12 hour chart MACD Golden Cross waiting /
We are watching the Nasdaq ahead of a Gap retracement at the top.
Today's approximate top price and bottom price are left.
around the purple support line
Check the red up/light blue down movement path
(If the green support line is touched, it will be secured sideways)
I made today's trading strategy.
This is a 30-minute chart one-way long position strategy.
Overall, it was a bet on a right-to-right rebound.
Unless there is a vertical decline or strange movements on the Nasdaq
Because the turnover rate is fast, it seems to be realistic to some extent.
Until the green support line, it could be a sideways movement
It can be dangerous from the standpoint of long positions from departure.
please note.
* When the red arrow moves
Long -> Short -> Long -> Short Switching Strategy
2025 Starting with a long position chasing $9.5
1, 20645.5 USD short position / Stop loss when breaking the red resistance line
2. 20417.5 USD long position switching / Stop loss when the purple support line is broken
The final target is $20765.5,
You can voluntarily operate short positions according to the situation.
There is one short position entry in the middle.
I think it would be good to see it as a short to take a long position entry.
Today at 11 o'clock there is an indicator announcement.
It doesn't seem very important
In the future, we will proceed as we judge that all indicator announcements are bad news.
In the case of the spot exchange, as mentioned in the morning
I think it would be good to see that you are switching from Job Alt -> Major Altcoin.
Personally, from the real-time point of time when I am writing the analysis, Ethereum -> Ada
I don't think a good move will come out.
My analysis is for reference only.
Principle trading / Stop loss is essential, I hope that you operate safely.
thank you.