#BTC (weekly update)
Technical analysis:
Hello everyone, welcome to this quick update:-
For the First time Since April 2020, After 8th consecutive Weekly Candle Closed above the 50 WMA now Bitcoin weekly closed Below the WMA50 & Lowest Weekly Close of the Year As well.
So far Bears Looking Weak & Bitcoin is Still Moving Above the 30k Horizontal Support Area as...
SEYAIND : Weekly BO
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PCJEWELLER is forming a cup and handle patter on the weekly chart along the downward sloping trend line. RSI is also above 50 indicating bulls are in control. We will be watching for the signs of breakout from this line. A successful breakout would have a price target of 45 based on previous support/resistance.
WEEKLY LEVELS
19-07-2021 - 22-07-2021
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👑 Terms used if you don't know :
✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick and converging to a fixed point, these highs and lows created in between them are...
Stock of L&T is forming an Inverted Head & shoulders in weekly Time frame with the zone of 1580-1600 as the neck line.
One can go long ONLY if there is a weekly closing above 1600 for minimum target of 1900 with SL as 1450 DCB.
On daily TF too, the stock is making an IVHS at the same level which can be a congruence to the analysis.
This is just for educational...
#BTC (Update)
Technical analysis:
Hello everyone, welcome to this quick update:-
In Weekly Chart, Nothing Has Changed, Another Weekly Candle Closed Above the WMA50 (31880)..!!
8th Consecutive Weekly Candle Closed Above the WMA50 ✅
So far Bulls Defending the WMA50 (31880) But If Weekly Candle Closed Below the WMA50, Next Stop would be 24k..
If Bitcoin Remains...
#BTC (Update)
Technical analysis:
Hello everyone, welcome to this quick update:-
In Weekly Chart, Nothing Has Changed, Another Weekly Candle Closed Above the WMA50 (31427)..!!
7th Consecutive Weekly Candle Closed Above the WMA50 ✅
So far Bulls Defending the WMA50 (31427) But If Weekly Candle Closed Below the WMA50, Next Stop would be 24k..
If Bitcoin Remains...
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🔥 Common sense used :
📌 Weekly time frame: Make 2 fib from 2 different from one will give you 30% retracement of price and one will give 50% - a sign of extreme bullishness
📌 The supply zone is broken and now converted into a demand zone on those bullish levels...
👑 Drop a follow here: @Averoy_Apoorv_Analysis 👑 ----------------------- 🔥🔥 Target: 1000 Followers 🔥🔥
📌 Strategy--
✣Weekly TF making a channel pattern
✣50dema on the weekly chart is amazingly plotted and the chart is sitting there like waiting for a move
✣Day chart, make a fib from bottom to top, you will see the chart takes perfect support from 0.5 and now...
#BTC (Update)
Technical analysis:
Hello everyone, welcome to this quick update:-
6th Consecutive Weekly Candle Closed Above the WMA50 ✅
So far Bulls Defending the WMA50 (30932) But If Weekly Candle Closed Below the WMA50, Next Stop would be 24k..
If Bitcoin Remains Above it, Bitcoin Might Bounce Back towards 60k (Previous HIGH)
❤️ If you find this helpful...
Forming an Ascending triangle pattern on hourly chart.
Resistance has been tested multiple times.
If it breaks supply zone marked on chart the there is possibility of uptrend in next week.
1st target will be 16122
2nd target 16240.
If it breaks the trend line then it will take support @ 15556. & their are chances of uptrend.
This is my personal Opinion about ...
NIFTYPSUBANK Index is exhibiting inverted Head and Shoulders pattern on the weekly chart, with the price just about touching the neckline of the pattern. A measured move target would mean price going toward old time support/resistance line of 4000 on the index. We are bullish on the Nifty PSU Bank index with the price target as mentioned.
