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Monthly bullish megaphone keeps Gold buyers hopefulGold price resumes its upward trajectory within a fortnight-old bullish megaphone chart pattern after a volatile day that initially refreshed an all-time high before posting the biggest daily loss in two months. That said, the XAUUSD’s corrective bounce also takes clues from a rebound in the RSI (14) line. However, bullish MACD signals and cautious mood ahead of the US Retail Sales tests the bullion’s recovery moves. It should be noted that 100% Fibonacci Extension (FE) of the quote’s February-March moves, near the $2,400 threshold, currently lures the buyers. However, the aforementioned megaphone’s top line, close to $2,441 at the latest, will challenge the precious metal’s upside afterward. Following that, the commodity’s run-up toward the $2,500 round figure can’t be ruled out. Meanwhile, the Gold price sellers need a clear downside break of the stated wedge’s bottom line, around $2,336 by the press time. Following that, the 61.8% and 50% FE level will entertain the XAUUSD bears around $2,305 and $2,277 respectively. However, a convergence of the 100-SMA and an upward-sloping support line from February 28, near $2,265, appears a tough nut to crack for the precious metal sellers. In a case where the quote remains weak past $2,265, the odds of witnessing a quick fall toward March’s peaks of around $2,222 and $2,195 appear brighter. Overall, the Gold price lacks upside momentum but the sellers stay off the table beyond $2,265.
OANDA:XAUUSD
by MTradingGlobal
What's Next for Bitcoin? Understanding Its Current Price MovesWhat's Next for Bitcoin? Understanding Its Current Price Moves #Bitcoin Market Brief Current Status: CRYPTOCAP:BTC is trading near $64,000 amid recent declines. Bearish trends dominate due to global uncertainties affecting crypto markets. Key Levels: Support: Watch $63,800. Falling below could lead us to $51,000. Resistance: Key resistance at $67,600. Below this, expect continued bearishness. Observations: Recent charts show a trendline breakout and retest, suggesting a possible further drop. Stay alert to these patterns for trading cues. Action Points: Maintain strict stop-losses to minimize risks. A break above $71,000 could shift momentum to bullish, signaling a potential new ATH. Suggestion: Focus on technical analysis and update strategies with market changes. Keep an eye on global news that could sway crypto prices. Looking Ahead: A climb over $71,000 might set the stage for new record highs. Keep tuned for updates. #BTC #Cryptocrash
BITFINEX:BTCUSDShort
by CryptoPatel
BITCOIN BEARISH MODE SO READY FOR $50,000 ?#BITCOIN BEARISH ALERT Market Status: Bearish Key Observations: Pattern Breakdown: Bullish Pennant formation has been compromised. Trend Line Status: Currently trading below the key trend line. Targets: $50,000 Condition: This target is set under the condition that #BTCUSDT remains below $65,500. Keep a close eye on the price movement. A sustained position below $65,500 could confirm the bearish momentum towards our target. Stay tuned for further updates! CRYPTOCAP:BTC #Cryptocrash
Short
by CryptoPatel
ARB/USDT Ready for $10 in current bull market ?Arbitrum ( LSE:ARB ) Technical Analysis: Insights for Traders Short-Term Bearish Trend Analysis Arbitrum ( LSE:ARB ) is currently exhibiting a bearish trend in the short-term trading window. Traders should monitor for potential declines or stabilization in the market, signaling a possible reversal or continuation of the downtrend. Key Accumulation Zones Identified The optimal accumulation zone for LSE:ARB is identified between $1.00 and $0.90. This price range is deemed strategic for traders looking to buy LSE:ARB at a lower price point, potentially capitalizing on future price recoveries. Projected Long-Term Price Targets In the long-term perspective, Arbitrum aims for significant price milestones at $5 and even $10. These targets suggest a bullish outlook and represent critical levels for LSE:ARB to achieve substantial growth. Critical Support and Resistance Levels The support level at $1.30 is crucial; a breach below this point could lead the price to fall under $1.00, marking a new bearish phase. Conversely, resistance at $2.15 is the immediate hurdle. Overcoming this barrier is essential for LSE:ARB to initiate a stronger bullish momentum. Conclusion: Importance of Technical Diligence This analysis does not constitute financial advice but serves as a technical overview based on current chart patterns and market behavior. Traders are encouraged to conduct their own technical analysis (TA) and research diligently before engaging in trading activities. Stay engaged with market trends and updates to navigate the volatile landscape of cryptocurrency trading effectively. Follow for more Crypto quality chart analysis.
Long
by CryptoPatel
Time to Take Your Money? Tips After $TAO Big Exchange ListingTime to Take Your Money? Tips After GETTEX:TAO Big Exchange Listing #TAO Hits Binance Huge props to @opentensor for listing TAO on the world's top exchange, sparking an epic season for $TATSU Peak Price: TAO hit $1,249 Good News for #TATSU : It's looking up because of TAO's success. Cheers to Early Investors: If you got TAO early, you're in a good spot. Market Snapshot: Last 10 Months: +2500% ( 4000% if High Consider ) Last 6 Months: 16x gains Post-Listing: +35% Attention: Watch the $550 support. Falling below? Bearish signs ahead. Strategy Tip: Enjoyed the pump? Consider securing profits. Market dynamics are shifting! Again Remember Never forget to book profit & Keep tight Stop Loss if you want to Fresh Entry in TAO #Bittensor #Crypto
Long
by CryptoPatel
Bitcoin Symmetrical Triangle Fake breakout#BitcoinUpdate | CRYPTOCAP:BTC Trading Insights Current Formation: CRYPTOCAP:BTC is sculpting a Symmetrical Triangle, suggesting a pivotal movement ahead. Recent Activity: Noticed a Fake Breakout with $BTC/USDT, reverting to trade within the Symmetrical Triangle. Bearish Alert: Caution if #BTC plunges below $65k. This level is a critical juncture for future trends. Strong Support: Steadfast at $65,000. Bulls dominate above this threshold. Trading Strategy: Hold your trades until a clear Symmetrical Triangle Breakout. Patience is key. Bullish Outlook: An upward breakout could signify a monumental bull run for Bitcoin. Engage & Share: RT/Like if you find this setup aligned with your market expectations. Let’s ride the wave together!
by CryptoPatel
1
KEC | Positional Trade📊 DETAILS Sector: Engineering - Construction Mkt Cap: 19,645 cr KEC International Ltd is primarily engaged in Engineering, Procurement and Construction business (EPC) relating to infrastructure interalia products, projects and systems and related activities for power transmission, distribution, railway and other EPC businesses. TTM PE : 73.58 (Average PE) Sector PE : 26.69 Beta : 0.57 📚 INSIGHTS Strong Performer Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation 9.11% away from 52 week high Outperformer - KEC International up by 8.52% v/s NIFTY 50 up by 0.9% in last 1 month 📈 FINANCIALS Piotroski Score of 6/9 indicates Average Financials Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:KECLong
by Munish_Jain
Team Lease Services Ltd | Momentum Swing IdeaTeam Lease Services provides employment related services. It provides solutions for staffing, recruitment, training, payroll processing and regulatory compliance. Market Cap ₹ 5,371 Cr. Current Price ₹ 3,195S tock P/E 50.4 ROCE 13.9 % ROE 14.4 % Debt to equity 0.14 Promoter holding 31.6 % Quick ratio 1.36 Current ratio 1.36 Piotroski score 5.00 Profit Var 3Yrs 45.9 % Sales growth 3Years 14.8 % Pledged percentage 1.59 % Return on assets 6.54 % This is momentum stock with unique business and future growth perspective great stock. RSI also in positive trend ,if it sustained stock makes new high. This stock is make rounding bottom on top . so keep this stock in your watch list. Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation. If you like my ideas than like boost and follow me for more ideas. Thanks and feel free to comment.
NSE:TEAMLEASELong
by Momentuminvesting5540