Is CYBERUSDT Primed for a Bullish Breakout? Yello, Paradisers! CYBERUSDT is inching toward a crucial resistance zone and trendline after forming a "W" pattern with bullish divergence—a pattern often signaling potential upward momentum. But what does it need to move with real strength?
💎If CYBERUSDT successfully breaks through this resistance zone and trendline with a solid candle close above, it would confirm the "W" pattern, significantly increasing the likelihood of a bullish move.
💎However, if CYBERUSDT encounters a pullback instead, we’ll be watching for a bounce from the support zone. To stack the odds in our favor, we’d ideally want to see inducement followed by a bullish I-CHoCH (internal change of character) on lower timeframes, which would add further confirmation.
💎On the flip side, if CYBERUSDT breaks down with a candle close below the support zone, this invalidates our bullish setup. In that scenario, waiting for clearer price action to re-establish a favorable position would be the most disciplined move.
🎖 Remember, the key to success is patience and discipline. Wait for the highest probability setups to present themselves, and only then make your move. Stick to your strategies, and you'll stay on the path to long-term profitability.
MyCryptoParadise
iFeel the success🌴
Trend Lines
Nifty Intraday Analysis for 9th December 2024NSE:NIFTY
Index closed near 24680 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
25000 Strike – 73.49 Lakh
24700 Strike – 56.70 Lakh
24800 Strike – 40.09 Lakh
Put Writing
24500 Strike – 50.72 Lakh
24700 Strike – 45.38 Lakh
24200 Strike – 47.28 Lakh
Index has resistance near 24800 – 24850 range and if index crosses and sustains above this level then may reach near 24950 - 25000 range.
Index has immediate support near 24500 – 24450 range and if this support is broken then index may tank near 24300 – 24250 range.
Banknifty Intraday Analysis for 9th December 2024NSE:BANKNIFTY
Index closed near 53510 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
54000 Strike – 17.03 Lakh
53000 Strike – 12.96 Lakh
53500 Strike – 9.93 Lakh
Put Writing
52500 Strike – 15.06 Lakh
53000 Strike – 12.95 Lakh
53500 Strike – 10.00 Lakh
Index has resistance near 54000 – 54200 range and if index crosses and sustains above this level then may reach near 54500 – 54600 range.
Index has immediate support near 53200 - 53000 range and if this support is broken then index may tank near 52850 - 52260 range.
Finnifty Intraday Analysis for 9th December 2024NSE:CNXFINANCE
Index closed near 24705 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
25000 Strike – 1.19 Lakh
24800 Strike – 0.61 Lakh
24500 Strike – 0.51 Lakh
Put Writing
24000 Strike – 1.19 Lakh
24500 Strike – 0.81 Lakh
24200 Strike – 0.68 Lakh
Index has resistance near 24850 - 24900 range and if index crosses and sustains above this level then may reach near 25000 - 25100 range.
Index has immediate support near 24600 – 24550 range and if this support is broken then index may tank near 24375 – 24325 range.
Midnifty Intraday Analysis for 9th December 2024NSE:NIFTY_MID_SELECT
Index closed near 12960 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
13000 Strike – 5.10 Lakh
13300 Strike – 2.59 Lakh
13200 Strike – 1.70 Lakh
Put Writing
13000 Strike – 3.98 Lakh
12700 Strike – 1.93 Lakh
12900 Strike – 1.84 Lakh
Index has immediate resistance near 13000 – 13050 range and if index crosses and sustains above this level then may reach 13150 – 13200 range.
Index has immediate support near 12800 – 12750 range and if this support is broken then index may tank near 12650 – 12600 range.
54000 levels needs to be broken for new ATH !!Following our analysis. BANKNIFTY rallied over 2000++ points from our demand zone and finally reached resistance which we had previously analysed being a gap acting as important resistance hence as long as BANKNIFTY maintains itself below 54000 levels we can see BANKNIFTY being negative to volatile till it finally breaks above 54000 levels and sustains itself for new ATH so plan your trades accordingly and keep watching.
RVNL Forming Good Patterns. Ready for an upmove?RVNL
At a support level and forming multiple patterns. It offers good RR at this level.
- Double Bottom
-Cup & Handle
-Trendline Breakout.
-Candles were narrow right before a breakout and volumes were dry during the pullback.
Positional SL is 13%, If you are an aggressive player then you can place the SL below 428. Adjust the SL and Targets as per your style/appetite.
520 will be a crucial level. Watch the PA there and decide on booking/further addition or fresh entry.
Please consult with your financial advisor before investing. The chart shared is for educational purposes.
A Good Bounce Can be Seen from the recent support zone.A Good Bounce Can be Seen from the recent support zone and the price has also broken above the resistance trendline with some good bullish momentum, and sighting the current changing market condition this can be the just right time to buy tata power in my opinion and we might see the resistance being broken this time after several failed retests.