Get started

Supporttrendline

#ETH/BTC Falling Wedge: Ready for a Bullish Breakout#ETH/BTC Analysis: Major Support Trendline and Falling Wedge Breakout The 3ETH/BTC trading pair has been in a downtrend for the past 28 months, consistently forming lower highs and lower lows. However, recent price action indicates a potential reversal pattern that could signal the end of this prolonged bearish phase. Ethereum is currently taking support from a significant trendline and has formed a falling wedge, a bullish reversal pattern. Traders and investors are now eagerly awaiting a breakout, which could pave the way for Ethereum to reach new all-time highs, potentially hitting the $15,000 mark against Bitcoin. **Major Support Trendline:** Over the past 28 months, ETH/BTC has been respecting a major support trendline. This trendline has acted as a critical support level, preventing further declines on multiple occasions. Recently, Ethereum has once again found support at this trendline, indicating a strong base and potential for a reversal. **Falling Wedge Pattern:** A falling wedge is typically considered a bullish reversal pattern that forms after a downtrend. It is characterized by converging trendlines that slope downwards, with the upper trendline having a steeper slope than the lower one. In the case of ETH/BTC, the falling wedge pattern has been forming over several months, signaling that the downtrend might be losing momentum. **Breakout Confirmation:** For the falling wedge pattern to be validated, ETH/BTC needs to break above the upper trendline of the wedge. A confirmed breakout would typically be accompanied by increased trading volume, indicating strong buying interest. Once this breakout is confirmed, it would suggest that the bearish trend has ended, and a new bullish phase is beginning. **Price Target:** The breakout from the falling wedge pattern could lead to significant upward momentum for ETH/BTC. Based on technical analysis and historical price movements, Ethereum could reach new all-time highs, potentially climbing to the $15,000 level against Bitcoin. This price target is derived from measuring the height of the wedge at its widest point and projecting it upwards from the breakout level. **Conclusion:** The #ETH/BTC pair has been in a downtrend for the past 28 months, but recent price action indicates that a reversal might be on the horizon. Ethereum is taking support from a major trendline and has formed a falling wedge pattern, both of which are bullish signals. Traders and investors should keep a close eye on the price action for a confirmed breakout above the upper trendline of the wedge. If this breakout occurs, it could propel ETH/BTC to new all-time highs, potentially reaching the $15,000 mark. This presents a compelling opportunity for those looking to capitalize on Ethereum's next major bullish run.
by crypto_vulture_signals
1
Breaking Down the Bullish Momentum: #NEAR/USDT's Recovery RallyIn the volatile world of cryptocurrency trading, #NEAR/USDT has recently found a lifeline in the form of trend line support. As it bounces from this crucial level, investors are closely watching its next moves. The chart suggests two possible scenarios: a retest at $7.43 or a potential climb towards $7.80. The current bounce from trend line support underscores the resilience of #NEAR/USDT amidst market fluctuations. Traders are weighing various factors, including market sentiment, volume dynamics, and broader cryptocurrency trends, to gauge the likelihood of each potential outcome. A retest at $7.43 would validate the strength of the support level and could serve as a springboard for further upward movement. Conversely, a push towards $7.80 would signal renewed bullish momentum and could attract more buying interest. As traders monitor these price levels, they remain vigilant for any signs of breakout or reversal. Risk management strategies are essential in navigating the uncertainty of cryptocurrency markets, ensuring traders are prepared for all eventualities.
Long
by crypto_vulture_signals
1
Bullish Signals Detected: #FET/USDT Eyes Upside Potential#FET/USDT is exhibiting promising signs of a rebound as it bounces off a crucial support trendline, coinciding with a bullish divergence formation within a strong support zone. This confluence suggests a potentially robust upward movement. Traders anticipate a retest of the $2.42 resistance area, with the possibility of a breakout towards the $3.50 mark should the bullish momentum persist. This analysis underscores the bullish sentiment surrounding #FET/USDT and highlights key price levels to watch for potential trading opportunities.
Long
by crypto_vulture_signals
How to get 25% and more in INDIGO with Simple price action INDIGO - Swing trade key points Weekly resistance at 1800 to 1900 levels Weekly support zones at 700 to 800 levels Week timeframe pattern is broadening pattern so we night break this hurdle on weekly basis with a power green candle and then a good upside is possible for 25% to the levels of 2200 Day time frame suggests an ascending pattern with good dip buying at supportive trendline as shown in the video Day time frame also makes higher lows for that purpose We will attack this higher leg and will try to extract the maximum out of the stock Risk to reward is favorable from this point and quite logical as per price action Risk is 4% ( 1650 would trigger an exit ) Rewards can be 8% that is a 1:2 RR ratio ( 1850 levels ) - As target number 1 Reward numbers 2 and 3 can be our fib extension levels on a weekly basis and trendline that would be booking profits around 2200 to 2300 levels Have a nice trading day Respect the STOPLOSS and accept what the market gives you Don't hesitate to book your losers and let the winners run until you get a better Risk to reward bet Thank you and your generous comment will only make this post beautiful :)
NSE:INDIGOLong
by Averoy_Apoorv_Analysis
12
ASPINWALL - Explained my thought process💲💲 FOLLOW me @Averoy_Apoorv_Analysis and get these free analysis :) 💲💲 🔰Storytime : This stock from 28dec till 20 may create a good channel pattern, which was contracting and consolidating. With a BO on 4 march of inverted HnS or triangle pattern, anything is ok. gave 30% in 2 days. Means stock BO is a mover fast one :) just have to catch them. On 15 march stock came back to its original channel coz of breakdown and again respected the channels support line on 19 march + a good pin bar on 6 May = bullish. On 12 May the stock tried to Break the pattern again but gave a super bearish hammer. So basically it does not want to go down either up = range bounded. on 20 may the stock again pop out of the channel and finally ready to go up, but the candle is again indecisive. To date, the stock is above that channel contraction pattern = good support now from those levels. Also on 16th June, it gave a good BO but still a rising resistance trendline is there to hold it back, if in some days including today it breaks this line (the yellow one) amazing north move. 🔰 {Some info about me} ➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all. ➼I hope you will love my simple analysis style. ➼Feel free to suggest your view on this as learning is earning here :) ➼I take my trades on my Zerodha account :) ➼These charts are my and only my work, my thought process, just from an educational point of view and no calls. <<<<<>>>>>
NSE:ASPINWALLLong
by Averoy_Apoorv_Analysis
6
20% Lower circuit and now again on a good level - Power of ADANII JUST LOVE WATCHING CHARTS DANCE THAT'S ALL :) 💲💲 FOLLOW me @Averoy_Apoorv_Analysis and get these free analysis :) 💲💲 🔰 {Some info} ➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all. ➼I hope you will love my simple analysis style. ➼Feel free to suggest your view on this as learning is earning here :) ➼I take my trades on my Zerodha account :) ➼These charts are my and only my work, my thought process, just from an educational point of view and no calls. <<<<<>>>>>
NSE:ADANIPORTSLong
by Averoy_Apoorv_Analysis
7
XAGUSD - BULLISHDescription: The counter XAGUSD is moving upwards in the support trend line from 06th May. The support trend line has been tested thrice at the prices 25.68, 27.18 and 27.55. The price is still maintaining above the support trend line and there is no indication for a breakout. The buying pressure of the market may pull the price even more upwards. The existing bullish trend is expected to continue for this condition. The upward movement of the MACD indicator curves gives additional support to the description. The major levels for this counter are R2 – 28.32 R1 – 28.10 PP – 27.74 S1 – 27.53 S2 – 27.16
OANDA:XAGUSDLong
by WohlstandMarketsLimited