Big volume seen at key resistance area. Likely to give a breakout. Tgt- 44144
Tgt-44163 Short bitcoin, selling pressure at key support area.
Rejection candles seen near trendline at multiple timeframes. Nifty likely to slide by 150-200 points.
Double top on lower timeframe and trendline rejection on higher timeframe. Perfect short for 200-300 points
On weekly chart, after downtrend due to head and shoulder pattern, a cup and handle pattern formation can be seen. BTC likely to give a bull rally in 3-6 month period where we can expect a target of around 44-45k US dollars.
On hourly chart we can see a flag and pole pattern formation, post breakout, we can see 4800 levels soon. Hold tight.... Bulls will come into action soon.
M & M had shown a very promising rally from last few weeks. As per chart it seems that the bullish trend has come to an end and we could see a double top reversal pattern on charts. In short term we can see 1200 levels. one can take entry now with SL at 1282 for targets of 1200 in 3-4 trading sessions.