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Wedge

TIAUSDT: Gears up to break free from its descending channel! 🌊💎 Paradisers, #TIA could initiate a bullish move if the price bounces and breaks out of the descending channel. 💎If #TIAUSDT bounces and breaks through the descending channel, display a Change of Character (CHoCH) towards a bullish market structure, this would enhance the likelihood of a bullish trend. We could then set our sights on targets up to the next resistance levels. 💎However, if the price breaks down below the bullish Order Block (OB) level, it would be considered bearish. But for now, I am not focusing on bearish moves, so it would be better to disregard it in that case.
by MyCryptoParadise_Nathan
Keep a close eye on WIFUSDT💎💎 Paradisers, #WIF has broken out of the descending channel by forming a 'W' pattern and has displayed a Change of Character (CHoCH) towards a bullish market structure. 💎 If #WIFUSDT successfully breaks above the resistance area, we can anticipate a bullish move. However, a pullback from here is highly probable as the price may need to gather liquidity before advancing. 💎 We can expect a bounce from the bullish Order Block (OB) plus the Demand Zone. For this scenario, confirmation of bullish signs is necessary. 💎 Should the price fall below these levels, it would be considered bearish for #WIF. In that case, my advice would be to refrain from trading it, as the conditions suggest waiting for clearer signals or better market behavior.
by MyCryptoParadise_Nathan
ICICI BANK : Bearish - Rising Wedge detected, and Double TOP ?!ICICI BANK : Bearish - Rising Wedge detected, and Double TOP possible. To monitor: The exponential moving averages 50 (in pink) around 991 , and the exponential moving average 200(in white) around 793. A possible Double Top is detected. + there are divergences with the RSI and the ROC ( Rate Of Change), which gives the speed of the variation of the momentum of an underlying! So a bearish return is possible Be safe!
NSE:ICICIBANKShort
by Le-Loup-de-Zurich
Banknifty ananlysis for tomorrow 15 Apr 24As we discussed, Banknifty's structure opened a gap down and fell. If we look at the chart now: The market is making Hammers at the top. Now, the market is in a very crucial position. It is trading at the support trendline and support zone. The market is making a rising wedge pattern. If the market breaks the pattern to the downside, it will be a good entry for the bearish position. If we look at the OI data: PCR = 0.7, which shows neutral market sentiments. However, in the past three days, OI activity PCR has been falling gradually from 1.34 -> 1.18 -> 0.7. which shows bears are increasing their position in the market very actively. 48500 is Max-Pain. If this level breaks, there is no support point till 48000. on the upper side, there is resistance at each level (48500-49000). The bulls are very weak at this point. All important levels are marked at the chart. If we look at the FII and DII activity, the Pros are strong and bearish, and clients are bullish. This indicates the market is going to open a gap-down (probably near 200-EMA 15m-TF). There are 2 cases right now. Case 1: inside the channel Sideways. (Low probability) Case 2 : If it breaks to the downside, it is bearish. (High probability) Reasons: EMA(200) < Price < EMA(13), which indicates Weak bulls structure in the market. (Bearish) RSI < 40 shows strong bears' power. (Bearish) PCR = 0.7, which has been falling rapidly from 1.34. shows bears are actively increasing their position size. (Bearish) Price < VWAP shows a bearish market structure. (Bearish) Verdict: Neutral unless the market breaks the trendline and support zone to the downside. Plan of Action : wait for an initial 10 minutes. If it breaks to the downside, GO BEARISH.
NSE:BANKNIFTYShort
by finnova_
4
It looks like #API3USDT is gearing up 🚀💎 Paradisers, #API3USDT going to take inner range liquidities by trapping traders through a breakdown of the channel. 💎To confirm this move, we'll need to see CHoCH & BOS indicating a shift towards bullish market structure from the bullish OB. 💎If #API3USDT manages to break above the resistant level, we can anticipate targets being set until the next resistant levels. 💎However, if the price breaks down below the bullish OB or the low, it may be interpreted as bearish. In such instances, it might be prudent to abstain from trading until clearer price action emerges.
by MyCryptoParadise_Nathan
NIFTY April/MAY Direction | Ascending Triangle or Rising Wedge ?Hello Traders/Investors, After analyzing NIFTY, it appears that a breakout is imminent, either on the upside or the downside. Patterns: 1. Ascending Triangle | Probability: 70% 2. Rising Wedge | Probability: 30% Analysis: 1. Ascending Triangle | Upside Potential: - Condition 1: If NIFTY breaches 22,950 by next week and maintains its position, there's a likelihood of a rally towards 23,760. However, any impact on prices, aside from election results, seems unlikely before then. - Condition 2: Similarly, if NIFTY surpasses 22,950 next week and undergoes a retest around 22,700/800, the rally could extend towards 23,760. Again, external influences on prices, except for election outcomes, are not anticipated. 2. Rising Wedge | Downside Scenario: - Condition 1: In the coming week, if NIFTY breaks the green trendline and approaches the midline, indicated by the blue color, the initial target would be the blue line, followed by 22,550. - Condition 2: Alternatively, if NIFTY descends to 22,000 and breaches this crucial support level, the next stop would likely be 21,200. However, this scenario would only unfold in the event of significant changes in the election landscape, such as the ruling party failing to secure at least 50% of the votes. Imp. Note: This analysis is provided for informational purposes only and does not constitute a direct recommendation to buy or sell stocks. Investors should conduct their own research and consult with financial advisors before making any investment decisions, as market conditions and individual circumstances may vary. Market Risk: However, it's important to acknowledge the inherent risks associated with investing in the stock market, including but not limited to volatility, economic downturns, regulatory changes, and unforeseen events that can impact stock prices. It's crucial for investors to remain vigilant and diversify their portfolios to mitigate potential losses. Thank you for Reading my complete Analysis, Naveen
NSE:NIFTY
by NaveenTTR