Support and Resistance Levels: Support Levels: First Support (S1): $2,750 Second Support (S2): $2,740 Resistance Levels: First Resistance (R1): $2,770 Second Resistance (R2): $2,780 Trading Recommendations: Buy Entry: Entry Point: Near $2,750 (S1) Target: $2,770 (R1) Stop-Loss: Below $2,740 (S2) Sell Entry: Entry Point: Near $2,770 (R1) Target: $2,750...
As of November 2, 2024, Bitcoin (BTC/USD) is trading at approximately $69,487. For intraday trading, consider the following levels Support and Resistance Levels: Support Levels: First Support (S1): $68,000 Second Support (S2): $66,500 Resistance Levels: First Resistance (R1): $70,000 Second Resistance (R2): $71,500 Trading Recommendations: Buy Entry: Entry...
Buy, Sell, and Stop-Loss Recommendations: Buy Zone: If prices retrace to support at $2,760, a buy entry could be advantageous, targeting a rise back towards the $2,780 and $2,800 levels, where resistance has been marked. This range reflects a demand zone where buying pressure has previously built up. Sell Zone: If prices approach resistance at $2,780-$2,785,...
Bitcoin (BTC/USD) Current Support Levels: Bitcoin now finds support near $72,000, with a critical secondary level around $70,500. Resistance Levels: The next resistance sits near $73,500, with potential extension towards $75,000 if upward momentum holds. Buy/Sell Strategy: Look for a buy position near $72,000, targeting resistance levels at $73,500 or...
Support Levels: The primary support lies near 51,000. If BankNifty moves below this level, analysts suggest it may head toward 50,500, potentially signaling increased selling pressure if breached. Resistance Levels: On the upside, BankNifty faces a resistance level around 51,470. Sustaining above this level could create bullish momentum, aiming for a possible...
Resistance Levels: Primary Resistance: 52,000. This is a strong resistance level, and crossing above it could signal bullish momentum. Secondary Resistance: 52,300. This level could act as an extended target if buying interest sustains above 52,000. Support Levels: Primary Support: 51,400. This level provides a buffer, where buying may emerge. Secondary Support:...
Resistance Levels: Primary Resistance: 52,000. This is a strong resistance level, and crossing above it could signal bullish momentum. Secondary Resistance: 52,300. This level could act as an extended target if buying interest sustains above 52,000. Support Levels: Primary Support: 51,400. This level provides a buffer, where buying may emerge. Secondary Support:...
Resistance Levels: Primary Resistance: Near 24,700. If Nifty sustains a breakout above this level, there could be potential for an upward trend toward the next target at 24,850. Secondary Resistance: Around 25,000. Should the price action reach this level, it could encounter significant selling pressure, marking a zone for cautious buying. Support...
Resistance Levels: Primary Resistance: $2,741 - This is a key resistance level where price action may face selling pressure. A move above this could open up further gains, with the next target near $2,750. Secondary Resistance: $2,750 - If momentum pushes beyond $2,741, this higher resistance level may be the next significant barrier for price movement. Support...
Resistance Levels: Primary Resistance: $69,500. If Bitcoin sustains momentum, this level could be tested as a key resistance, where profit-taking might occur. Secondary Resistance: $70,000. Should Bitcoin push past the initial resistance, this level could be a critical barrier, potentially drawing more selling interest. Support Levels: Primary Support: $68,200....
Resistance Levels: Primary Resistance: $69,500. If Bitcoin sustains momentum, this level could be tested as a key resistance, where profit-taking might occur. Secondary Resistance: $70,000. Should Bitcoin push past the initial resistance, this level could be a critical barrier, potentially drawing more selling interest. Support Levels: Primary Support: $68,200....
Buy Position: Around $63,000 if there’s a pullback to this level. This zone is seen as a strong support where buying interest might emerge, supported by recent bullish signals around $62,000 - $63,000. Sell Position: Consider shorting if Bitcoin approaches $67,244 without breaching resistance, as this area has been noted as a likely reversal point if buying...
here's what to expect based on current technical indicators: Bullish Scenario: If Bitcoin manages to hold above $66,000, expect a possible upward movement towards $68,743, which is the key resistance level. Breaking above this resistance could trigger a further rally, targeting $71,645 and potentially $73,687 Bearish Scenario: If Bitcoin fails to hold the...