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SHIBUSDTThere is a long consolidation or sideways price action seen within parallel channel, when it has given breakout, there was a good intensity of volume at breakout candle, also it was along with trendline breakout in (RSI) relative strength index too, so it was double confirmation as per channel breakout, target should be equal to depth of channel, which was achieved almost double. one can go long in this type of scenarios with stop loss of Low of breakout candle, because there was a good volume. Another breakout seen in flag pattern with increasing volume and rsi breakout same as above, which was again double confirmation. here target as per flag pattern should be equal to highest depth of flag pattern, which was achieved very nicely, one can go long in this type of scenarios with stop loss of Low of breakout candle. These types of patterns are working very wonderfully in any type of stocks, commodities, forex etc. etc. Usually risk reward ratio also allows to trade in this types of patterns. Enjoy Learnings, Thanks. Disclaimer I am not sebi registered analyst My studies are for educational purpose only Consult your financial advisor before trading or investing
by RK_Chaarts
Nifty Update for 26th October 2021NSE:NIFTY Nifty Update for 26th October 2021 ============================== A recovery from 18,000 levels was seen in previous trading session lead by the banking stocks. Index has shown recovery from the psychological support levels of 18,000. Here's the trade setup for today: NIFTY has formed a HALF BAT HARMONIC Pattern and if the price sustains above 18,250 we can see the price shoot up to the levels of 18,300/18,350 For buying 18,250 is the key level above that 18,300 will act as a key resistance. On Higher Time-frames 18,400-18,500 will act as a resistance area. For selling Consider selling from 18,050 level, but also consider 18,000 as an important level as it will act as a strong support again. Consider quick profit booking on both the sides as Index is trading at narrow range. Trade setup ============== Key RESISTANCE is : 18,500 Key SUPPORT is : 18,000 Trade Accordingly!
NSE:NIFTY
by CodeViser
Analysts hold their $250K Bitcoin price target even as BTC fallsData from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting lows of $59,930 on Bitstamp, down another 6% on the day.A rebound took the pair back above the $60,000 mark, but caution remained the name of the game as the week saw the price slide below $61,000."Was watching that $64K zone as a crucial level to break and the market has failed, so a corrective move is taking place," Cointelegraph contributor Michaël van de Poppe summarized the situation."Overall; looking at $56–$59K as a good spot to buy Bitcoin."The previous all-time high at $64,900 turned out to provide little by way of new support, instead becoming more of a repeat resistance zone as bulls had little luck securing their newly-won gains.Optimism, as is customary, came only from those adopting a longer-term perspective. Among them was popular Twitter analyst TechDev, who stressed that 2021 was still conforming to historical bull market trends."Final BTC impulse has ALWAYS been five degrees steeper than the run-up to the mid-cycle peak," he noted alongside a comparative chart."Holding true so far. If it continues, and the $228K–$250K window is hit (two most historically reliable fib-based targets)... It would happen end of Jan. Will be interesting to watch."
BITFINEX:ETHUSDLong
by Heather61534
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