X-indicator
Do you believe in cyclicality? Look at the chart of this #CTSI* The peaks marked 1️⃣2️⃣3️⃣ all peaked 315 days apart.
Hard support zone at $0.1
So will the next cycle repeat and create a peak at 0.55 $ 4️⃣
If you believe, then scoop it up and wait for it to reach 300% in 154 days at the current price.
Nifty Week AheadNSE:NIFTY Marked Major Support and Resistance for Nifty Week Ahead.
Currently Trading Between 50 and 200 DEMA, with a P/E of 22.30 down 8.10% from ATH.
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Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Shift from Downtrend to Sideways – Will It Hold or Reverse?Looks like NIFTY and Bank Nifty have entered a sideways zone,
Nifty Range
Upper / Resistance : 24500
Lower / Support : 23900-23800
Bank Nifty Range
Upper / Resistance : 52350
Lower / Support : 51150
#Nifty #BankNifty #Sideways #Patterns #Trend #change
PIXTRANS - Breakout Setup, Move is ON..NSE:PIXTRANS
✅ #PIXTRANS trading above Resistance of 1678
✅ Next Resistance is at 2220
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Eco Recycling cmp 1001.95 by the Daily Chart viewEco Recycling cmp 1001.95 by the Daily Chart view
- Support Zone 994 to 1014 Price Band
- Stock Price is well above Falling Resistance Trendline
- Support at 842 > 758 > 670 with Resistance at 1072 > 1161 > ATH 1215.10
- *Back to Back Bullish Rounding Bottom with the neckline at the Support Zone*
- *Price closure above the Support Zone supported by increasing Volumes would push towards ATH level*
Gold Faces Strong Selling Pressure, Heading Towards Key SupportGold is facing strong selling pressure below a descending trendline defined by lower highs. All three approaches to this trendline were rejected, indicating strong short-term selling pressure.
With the current selling pressure, I think there is a high possibility that the price will continue its downtrend and head towards a strong support zone around $2,650/ounce. If this support zone is broken, the downtrend could push the price further down, towards $2,620 or even lower.
Gold Price Plunges Under Pressure From Rising USD and US StocksThe current chart shows that gold prices are under great pressure as the USD Index surged to 105.12, making the USD stronger. This has reduced the attractiveness of gold to international investors. In addition, optimism about the US economic outlook under President Donald Trump and expectations that the FED will pause interest rate cuts have also contributed to the decline in gold prices.
The next important support level is at the $2,620/ounce area, a price level that has previously produced a rebound. If the price falls to this level, this could be the point where traders wait to see if there is enough buying pressure to create a temporary recovery. However, if the price breaks the $2,620 level, the price is likely to continue to fall further, towards lower support levels such as $2,600 or $2,580/ounce.
Given the current economic factors and the growth outlook of the USD, gold may continue to be under pressure in the coming time, especially when the demand for holding USD is still increasing.
Bitcoin (BTC): technical and fundamental analysis📈 Technical analysis BTC/USDT
The Bitcoin price has reached a new all-time high (ATH) following Donald Trump's victory in the U.S. presidential election. This price movement has fully validated the scenario outlined in our previous analysis. Now we expect a correction of the latest growth wave in the near future. Key targets for this correction could initially be the dynamic support levels at EMA 50 and EMA 200. The first 1H Imbalance zone is near EMA 50, where gaps on the horizontal volume levels need to be filled through trading consolidations. If sellers manage to push through the 70,000 support level, where the EMA 200 line also lies, we anticipate the start of a full correction of the November growth. In this scenario, the price may drop to the next 4H Imbalance zone, situated between the 0.61 and 0.78 Fibonacci retracement levels, where corrections typically conclude and a reversal occurs.
For BTC to continue its upward trend, it needs to surpass the 77,000 level, which would open the path for a test of the significant resistance block at 80,000.
📉 Bitcoin market global analysis
On the daily logarithmic chart, it’s crucial for Bitcoin’s price to hold above the 70,000 level with a weekly close to support continued growth. Otherwise, BTC may face a correction. This is further indicated by the beginning of a divergence on the RSI indicator, which has been in the extreme overbought zone for an extended period.
What are Bitcoin’s long-term growth targets?
Above the current ATH, there are no resistance levels based on historical data. To determine growth targets, we’ll rely on trend lines, Fibonacci extension levels, analysis of large order block clusters in order books, and, of course, indicators.
According to the MVRV Deviation Pricing Bands indicator, the next target for Bitcoin is 85,000, where the first Fibonacci extension level of 1.23 is also located. In the 90,000 - 100,000 range lies a global trend line constructed from the peaks of Bitcoin’s previous two cycles, aligning with the 1.38 Fibonacci extension level. The highest trend line, situated between the 1.61 and 1.78 Fibonacci levels, could be tested starting from the 100,000 level.
💠 Analysis of liquidity zones and levels
The Fear and Greed Index is in the Greed Zone - 75.
The total capitalization of the cryptocurrency market has grown to $2,531 billion, and the Bitcoin Dominance Index has increased to 59.73.
According to the analysis of the accumulation of large order blocks in the order books, the largest blocks are at levels 77,000 and 80,000, and the supply and demand zones are located at the following levels:
🟢 Demand zone: 50,000 - 70,000
🔴 Supply zone: 80,000 - 90,000
Levels for long positions:
70,000 - psychological support level
65,000 - large support block
60,000 - large support block
Levels for short positions:
77,000 - large resistance block
80,000 - largest resistance block
90,000 - 100,000 - ascending trend line of resistance
📊 Fundamental analysis
Bitcoin-Based Spot ETFs Set a New Record. On November 7th, Bitcoin (BTC) spot ETFs reached a new milestone, attracting $1.38 billion in a single day—the largest daily inflow since their launch in January. This record-breaking inflow was fueled by Donald Trump's victory in the U.S. presidential election, as many investors believe his re-election will positively impact the crypto industry. Another factor driving Bitcoin’s growth was the recent decision by the U.S. Federal Reserve (Fed), which lowered the key interest rate by 25 basis points during its latest meeting.
What Changes Are Expected in the Crypto Community After Donald Trump's Victory:
- Bitcoin could become one of the strategic reserve assets of the U.S.;
- Token classification systems may change, with most cryptocurrencies likely to be considered commodities rather than securities;
- Crypto investors might enter the market more actively;
- Banks could gain more freedom to provide services to crypto startups and interact openly with the crypto industry;
- Spot exchange-traded funds (ETFs) based on Solana (SOL).
🌐 Upcoming Events in the Global Economy
We expect increased volatility in both stock and cryptocurrency markets on the following dates:
➤ 11/13, 4:30 PM - US Consumer Price Index (CPI) for October.
➤ 11/14, 11:00 PM - Fed Chairman Jerome Powell's speech.
➤ 11/27, 4:30 PM - GDP data (q/q) (Q3).
➤ 12/18, 9:00 PM - New Fed interest rate decision.
➤ 01/29/2025, 9:00 PM - New Fed interest rate decision.
📈 Statistics of signals from our AI trading indicator:
In October 2024, the Bitcoin price continued to recover its positions, thanks to positive expectations from the US elections and further reduction in the key interest rate of the Fed.
Our trading indicator, as always, warned about this in advance! And even during the flat period it gave good entry points. Thanks to the latest updates, all signals have become profitable, and built-in Anti-Flat System prevented losses from manipulative market movements. 😎
Total price movement by all signals: + 41.89%
Maximum price movement: + 13.77%
Average price movement: + 7.58%
In addition, I would like to share the forecast of the latest Bitcoin price action by our AI, which not only indicates the direction, but also builds the trajectory of further price movement:
NTPC - short for 10 %sequqnce of changes impying bearish trend is explained in figure
price action had 3 lower lows - implies a change in trend
price ended below the pivot level of 426 (august level)
price breached 18 day EMA with decent volumes
inside bar formation below 18 day and price facing resistance from 18 day for 4 days
MACD are bearish
Target and SL marked
BANK NIFTY MAJOR BLOWOFF TOP ₹₹₹₹BankNifty have this Trend-line support from Covid lows till now every time BankNifty taking support & bounce back but this time it will be difficult for BankNifty to save Trend-line support & can give breakdown then we can see major selling in BankNifty for lower levels with BlowOff Tops in All Global Markets. So be careful in trading BankNifty & consults your adviser before any trades.
I am waiting for breakdown of trend line & 50055 levels then only I will make short position
Target for downtrend will be T1- 48555, T2- 46077, T3- 44144, T4- 41855, T5- 39444, T6- 37711, T7- 35655, T8- 33933, T9- 32622 with StopLoss 53355 & trailing with target achieving. Thank You & Happy Trading
Took Support on Accumulation Zone.NSE:VIJAYA broke out in the Resistance zone at 880 Which is now acting as a support Zone and now acting as an accumulation zone as it got accumulated and bounced back from that place only, making new ATH. Keep in Radar.
Check out my other stock ideas below until this trade gets activated, I would love your feedback.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Gold Trading Signal for the week starting 11th November 2024Gold Trading Signal:
Buy above 2699
Sell below 2680
(Trigger on the close of a one-hour candle)
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Trading in financial markets involves significant risk of loss, and it is essential to conduct your own research or consult with a licensed financial advisor before making any investment decisions.
:
Buy above 2699
Sell below 2680
(Trigger on the close of a one-hour candle)
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Trading in financial markets involves significant risk of loss, and it is essential to conduct your own research or consult with a licensed financial advisor before making any investment decisions.
Dow Jones Futures Trading Strategy for 11th November 2024Dow Jones Futures Trading Strategy: Buy Above 44,250 / Sell Below 43,920
Current Price: 44,148.00 USD
Key Levels:
Buy Signal: If the price closes above 44,250 on the one-hour candle, it indicates a potential upward trend, suggesting a good time to consider buying.
Sell Signal: If the price closes below 43,920 on the one-hour candle, it suggests a potential downward trend, indicating it might be a good time to consider selling.
Market Analysis:
The current price is hovering around 44,148.00 USD, just below the buy signal level.
The market is showing signs of bullish momentum, but it's important to monitor the price closely, especially around the 44,100 to 44,200 levels, which could act as support or resistance.
Recommendations:
Buy: If the price sustains above 44,250 on the one-hour candle close, consider entering long positions with targets at 44,500 and 44,600.
Sell: If the price breaks below 43,920 on the one-hour candle close, consider short positions with targets at 43,800 and 43,700.
Disclaimer: This is only for educational purposes. You may do your own analysis before taking any trading decisions.
ALL TIME HIGH, What's now?From a barely technical point of view, the bullish force should continue around 81.2K, on the weekly bias, before starting the drawdown.
Meanwhile, the last monthly target is over 86K, according to the Fibonacci retracement.
From a bearish lookout, the previously identified buy zone, around 34-35k, is even more confirmed by the fibonacci weekly last-take profits. Anyways, this zone is very liquid zone, left behind since last year.
The daily tf shows a strong bullish pattern. Fibonacci's last targets were taken on Sunday 10th. The bearish movement instead expires at 62K-61K, which also coincides with the Liquidation heatmap target. This map shows tons of positions between 75 and 72K.
Before running to the last take profits, I aspect a drawdown around this area for the previous reasons. The 0.618 is at 71.3K and the 0.5 is at 72K.