Nifty throughout this week has been trading with high volatility with the concern of Russia & Ukraine war tension + USA rising inflation, the market tends to factor in the news seems like this is going to remain until the end of Feb month or the confirmed decisions, there will be high volatility tug of war bulls and bears on chart reading & day trading...
it is not a textbook head and shoulder but the formation is similar and looking like nifty has made a base for little while and might halt by this week or so ... just analysing it might even fail the only confirmation we can have is ... price need to break above dotted black as it is the one of main resistance line of fib speed resistance fan
after a crash of almost 60 % the price took a support on monthly support zone and golden fib level and buyer have accumulated it well and we can see bullish engulfing the coin XRP is small price wise & volatile to trade but with right entry and exit it give nice huge % swings with entry at cmp and sl of 0.7345 and target can be spilt between 50-50% cut off the...
avax on daily chart forming a descending triangle (purple line) forming lower highs but after crash price bounced back from major support area 23 JAN onwards the price created chart pattern of rising wedge might breakdown again?? if yes the price might retest the support area again and then after might form a double bottom for bullish indication is so... 2nd...
after recent breakout from 116 price has made its first pullback on hourly chart it look like a channel consolidation if the price breaks down then it might act as breakout and retest at 116 if it breakout above from the channel then 138 would be next resistance
Bitcoin after breakout mow it is sustaining above 40k and currently consolidating between 41k to 42k range The consolidation can breakout either upside or downside upto 4.50% away range could be good Day Trade after confirm breakout
Due to event day stock moved 2.40% downside from day's high with help of schiff pitchfork the price was seen taking support at lower media line which is considered as good support with current day low price might bounce back to 537 levels and if anything above the 550 zone will be activated again if price breakdown today's low then it might fill the gap will...
with recent low (27th jan 12:15) to yesterdays high drawn a fib today nifty's high was near about 0.6 fib lvl which os considered to be good lvl of retracement if you considered previous few session kind of wedge pattern is forming if the price breaks the arrow line then it can fill up today's gap upto 17625 just above the 0.6 fib lvl can be stop loss
After a freefall eth halted at major level of 2160 and started consolidating now it has formed a inverted head and shoulder currently the neckline and the mid resistance at 2630 after the breakout and retest it can go upto 20% which will be 3200 usdt NOTE: * used shciff ptichfork the price bounced back from lower median * after the confirm breakout...
After making high of 66336 bitcoin started the down trend and broken the recent support zone of 40000-40250, next value area for btc will be 32000 to 31990 MACD has crossed the zero line indicating bearish signal RSI has entered the oversold zone as per VOLUME bears are more dominant then bulls Cryptos are most volatile assets i switched to EMA 400-500 band...
sbin currently trading between 518 to 538 price range i am assuming it is creating inverted head and shoulder, with such bullish market structure it can give nice breakout and if it sustain above 540 it can go upto 565 -568 indicators MFI ;looks normal and strong TSI : equally good no weakness ema : price trading above 50 ema indicating bullish sign NOTE;...
BankNIfty has consolidated in nice triangle pattern with the help of fib retracement and trend based fib extensions identified some important downside and upside important level which cant act as support and resistance
After crashing almost more than 52% bitcoin can create two scenario either upside or down side if it continues the downside trend line the price can form ABC pattern and get more dip of 30050 if the price breakout from downside trend line the price need to retest and sustain above 40700 for the further upside upto 52450 this analyse is based on daily...
xrp is the small coin trading between range of almost below 2.00 to above 0.500 due to its high volatility i switched to monthly time frame, so if you are a short trader or can absorb the extra ups and downs of the coin and has longer horizon then only it is applicable according to this setup As we see from the start the coin opened and made lower low and...
ETH with recent high of 3411 created a triple top and we can see this high can act as new strong resistance following it the coin has corrected and currently trading at 3090 to 3180 zone which is also the trend based fib extension at 1.786 at 1.618 which is also so called golden levels we can noticed there is a divergence between momentum indicated through...
btc has been trading within the range of 44285 to 41140 with the pitchfork drawings we can get a breakout trade if, price is closed above 42550 stop loss of 41488 and target of 44768 , risk to reward of 1;2 this could be a positional trade for 5% move it will be depending on either target or stoploss @TradingView happy trading ..
avax has created nice distribution and accumulation zone and the price has breakout from recent consolidation wait for the price retest 92.30 lvl to enter the trade first target will be 103 second target will be 120 with the sl of 88 happy trading ....
high 2.378 and low 1.182 price seems to hold on to 1.200 level as good support it can create a double bottom or W pattern waiting for bullish candel or structure for trading 2.150 and 2.693 can be the retracement target if price break below 1.150 it will be no trade