Since 2010; Prices are trending between channel, which is drawn with yellow colour trend lines but since 2015 majority of time, prices took support at green trend line. In recent past it has Developed cup and handle price patten. You can see the decreased in the volume at handle part which suggest accumulation and handle part has retraced approximately 38.2%,...
Currently prices are taking support over 30-32 k level, this level represents a support of wave 2 bottom, which was formed after 1st extended wave.
Technically this is strong support, major demand was formed during that wave.
But considering current scenario,
I feel 19-21k level would be next target for BTC. Support and Resistance levels are drawn. Please check...
As I had expected it has formed the head and shoulder, price taken a support from neck line, now previous supports are become resistance that is, 54k and 56 k. Downside, If neck line breaks out, that is below, 45K, you will see minor support at 43 k then major one is at 40-41k. If it doesn’t hold the price then short it for 29 k
Upside : prices needs to closed above 58k. Downside: 50k,47k,41k. These levels are matching with previous support, volume profile and Fibonacci Ratio. If prices closed below 55500, it will be a short scenario.
It’s a positional call, stock has retraced more than 38% since last year fall. This price level holds important support level of historical prices, volume and retracement ratio. Buy 30% between 1290 to 1320 then if prices does not hold wait for 1200-1150 it’s a ultimate support add 30 % more on pull back and when prices will go above 1400 add remaining quantities....
What’s next? 1. 192 is support and point of control level 2. Head shoulder pattern gives a target of 160-165 which is next support after 192. 3. Wave truncation, wave 4 has reached to Wave 1 trajectory. 4. Break out of ascending diagonal channel 5. Volume dries up 6. Final qtr results on the way. **** short it below 190*****
This is the 3rd Wave, Adaption of crypto have been started. The way China dealing with digital currency, its ideal way to deal with cryptos, it means platforms have better opportunity to bridge that gap. Now people will have to switch from BTC to ETH.
At midnight someone bought it heavily, it had broken the ascending triangle support went to previous low and agin went up. It should hold above 51300. Keep eye on 200 ema at15 mins timeframe prices are retracing back from there.
Current corona crises is going to crumble the economy more than 2020 and by the end of next month majority of annual reports will be out, those will not be positive at all. Overall we are going to witness disinvestment into the market. I have drawn possibilities where market is going to retest the levels.
Next few target levels of Cadila, I have drawn rising expanding channel with wave counts. I am really excited for upcoming news. Cipla and Cadila were the two picks from me since the starting of this COVID Era, I knew their capabilities. I expect some consolidation in the stock, till 540-550 and it will be a good buy.