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Sidewaysmovement

BTC-USDBTC continues to be trapped in the ongoing tussle between bulls and bears. Even after its recent breakdown to make a recent low of 28.8K, bulls showed an impressive buying strength from that level to close the last weekly candle at $34.7K, it recovered ~20% from this low. It formed an indecisive candle with a long lower wick that shows strong accumulation in the market. The CMP of BTC is sustaining above $34.5K On the weekly TF, BTC s still holding its 50-WEMA placed at $33.7K from the last 6 weeks, it has tried to breach this range multiple times but none of the weekly candles has closed below this range until now, which depicts that accumulation is going on at the lower levels. Below this support, the next potential support is present at $30K, followed by the next support at $28K. The sideways trend is currently lying in the range of $32K-$36K. The immediate resistance is presented by its 20-DEMA, placed at $35.2K.If we get a decisive breakout from this level, the next significant hurdle is placed at $38K, followed by the next major resistance at $40K. On-Chain indicators are also depicting mixed signals. BTC’s mining hash rate hits its 13-month low whereas, in the last 30 days, long term hodlers have accumulated almost 579,940 BTC to their holdings while short-term have reduced their holdings by 521,983 BTC. Therefore, it is evident that the current market structure is clearly in rangebound trend and breakout from the above-mentioned levels will confirm the move ahead.
COINBASE:BTCUSD
by TradeDog-Research
Hindustan zinc, Up move or Down move ?As of 18/5/2021 Pattern formed: Ascending triangle Candlestick pattern formed: Bullish marubozu Resistance level (arround 322-333 price levels) : Tested 3 times. NOTE: Resistance level and ascending triangle pattern both broken with high volume on 18th May 2021. RSI: Above 60 MACD: Shorl length line over long length line Trend pattern: Sideways According to Technical Analysis: Stock will move upward. According to personal observation: Stock will correct up to price levels of around 332-334 before moving in any direction. Result: Wait for correction.
NSE:HINDZINC
by nipun_garg7383
Infosys Sideways trend capture #Ep1 #LetsMakeMoneyTogetherA good and bullish candle . i.e, prefer a pinbar or an engulfer on 1330 lvls . will establish a buy for the IT giant INFY .... As trend is suggesting .... buy low and sell high in this sideways mkt of infy . For positional purpose : Hold on 1380 lvls to see if it breaks it, educational note : it might note break it in one go but might consolidate there with a pattern .... things will be updated here as per :) Also if it directly goes and breaks 1380 lvls which is highly unlikely scenario, but if happens go long instantly it might make better money than the sideways trend :)
NSE:INFYLong
by Averoy_Apoorv_Analysis
IRON FLY STRATEGY FOR NIFTY 10 MAR EXPIRYIron Fly is a non directional strategy that works very well in a sideways market. I was of the view that the market would be sideways for the reasons mentioned in the video. This worked very well for the weekly expiry and it is used very often in confusing markets such as this. This was one of my first attempts at vocally explaining strategies so I may not have been as clear in the details. Let me know if you have any questions about this strategy in the comments. Please LIKE if you would want to see more content like this. :)
NSE:NIFTYEducation
by ArcherDAVIS
1
SGX Nitfy Consolidation PAHourly Chart of SGX-nifty shows the speed of movement came down since it got into the yellow parallel Channel and become range bound which is between 13222-13167. Now , until and unless it breaks the higher level of the range it will be in this sideway zone. But if it breaks out the yellow channel then there is the probability of move towards 13442/13529/13629/13779 levels ( These are all Fib extension levels previous lower low and recent higher high). Now if it doesn't breaks the yellow channel then it may continue and further chances of attempt of breakout towards upper side will be high till it stays in the intercept of both the channel. The chances will come down once and the longer it will continue in the yellow zone. Slowly it will show the weakness from side way to breakdown...
NSEIX:NIFTY1!Education
by absu21
How to trade based on Zones?This is an example of how I mark my charts while taking trades. Defensive trading strategies are very good for sideways markets. The indices around the world are sideways and not making any fresh highs or lows. The principle that I have explained on the charts is ideal for protecting your capital and has a higher chance of succeeding. When the price moves to either of the extremes, you should look at taking a trade on the opposite side. This means that once the price approaches the higher boundary, you should be looking at selling and when the price approaches the lower boundary, you should look at buying. This does not mean that you blindly set that marked price as the entry point, but you should wait for an extreme to be created and then take a trade only after the confirmation of your bias. Trading such markets requires patience and entries should only be made on the boundaries. If you enter a trade in any direction in the middle of the zone, you are likely to get trapped. What I mean by trapped is that your stop loss will become larger and probabilities are starting to move against you. Trade only with capital you are willing to lose and maintain proper money management. Feel free to ask questions, if you have any! :)
NSE:M_MEducation
by ArcherDAVIS
Maruti Suzuki Wave 4 sideways correctionDISCLAIMER:There is no guarantee of profits or no exceptions from losses. Technical analysis provided on the chart is solely the personal views of my research. You are advised to rely on your own judgments while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading. --------------------------(((((LIKE)))))------------------------------- Maruti Suzuki has broken out of Weekly parallel in 17th Aug 2020 week which it formed since 18th Dec 2017 after hitting lifetime high From march lows we are in ABC correction to weekly parallel channel and We look to have finished wave C or iii. Wave iv going to be sideways correction till fib 0.236=6700 or 0.382=6300. In case deep correction 0.5=6000. Stop Loss 7350 which is recent high
NSE:MARUTIShort
by Niftydirection
Wait for the market to break the sideways zoneNifty is trading in a sideways trend since start of August. There have been some intraday opportunities, but there is no clear direction so far. It is not worth risking one's capital going for small intraday profits until it breaks the sideways volatile zone. Long Opportunity will arise once it breaks the sell zone (as market in the chart) to the upside target of 11360. Short Opportunity will arise once it breaks the channel bottom resistance to the downside first target of 10835 and then 10600 as a second target. I am anticipating for a long opportunity in this month and a big short opportunity in next month. Anyway as a trader one must not try to predict or be biased to any direction. A good trader must learn to react to the action happening in the market.
NSE:NIFTY
by ssen
Wipro | Approaching Range bottom Wipro is trading sideways between 280 and 300 as we could see in chart. Currently the stock is in the lower bottom of the range making it an opportunity from Risk-Reward perspective to go long. (Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
NSE:WIPRO
by AkhilSuryaFS