Volatility
XRPUSDT Quant box strategyIt seems the asset class is sideway in 4 hours chart. I have created a Quantbox, based on the volume accumulation and distribution which is clearly showing that XRPUSD is trading between USDT1.4468 to USDT1.3412, and created a narrow channel of the range around USDT 0.1.
MFI has also got arrested into a box channel which is creating a coil channel movement.
Interestingly volume has decreased drastically in this chart.
The above observations bring these conclusions below...
New Volume addition is required for the movement of this crypto Asset to move either way.
Arrested Price must follow the arrested MFI at the time of Breakout or this asset will not get any direction.
interestingly RSI is in an indecisive situation expecting some help from MFI to inject some Beta to start moving.
Now, if the direction is uncertain, what is certain then! We can speak about the probability of profit. I am expecting at least USDT 0.1 multiplier movement in either direction for the short-term traders. Stoploss can be another side of the Quantbox.
So, trade safely...
Alembic Pharmaceuticals ready for a launch✅buy and hold✅
buy @930-38 range
add @ 900
trgt 985-1030-1100+🎯🎯
(period 1-3 months)
why this fall happened ?
there are two major 2 reasons for this fall
first one
🔸profit booking in pharma sector
second one
🔸negative q3 result published.and it's advanced so its fell.
reasons for this buy
🔹anytime we can expect a ride in the stock
🔹chart looks promising
🔹forming ascending triangle
if u are interested in my charts
please 🙏
like🍁comment🍁support
RUCHIRA PAPERS can go 10% UP keep some for dipsafter lockdown bussiness is back on track in short term we way get 10% the stock has been falling since 2018 from a peak of 200 where small caps peaked out in 2018 ,in monthly chart the stock is above 20 day moving average in bollinger bands and in day chart the bollinger bonds are compressing ,perviously it went to 71 so we can expect to break that level this time if breakout happens on the upside ,probability of up is more as small caps are mostly cyclic and boom every 5 years since 2018 we already completed 3 years ,till two more years and nifty is at altime high so large and mid have already grown ,left are small caps we can see the down trend from 2018 is over and now stock is in uptrend in weekly or monthly chart ,lower side support is at 60 second upport at 55(very strong support) based on gap theory(you can see three times gap up or down happend at this level on day chart) and third support at 45 but mostly it may not go threre as it is covid level ,from here there is high probability that it goes up as the long downtrend is over and nifty is about to cross 15000(expected) and if consider 50 DAY MA and 200 DAY MA its an golden crossover so mostly it will go up
in jun , aug , december stock tried to break 71-72 level but could not break now this time it might break , or if the stock gets to 71 we will be still in 10% profit
this is not an investment call just my view and idea trade at your own risk
thankyou for reading