Stocks_Mario

Stocks_Mario

From 2015 $BTC closed below 50 MMA for the first time in June 2022 but still hovering above rising trend line support. Till it holds above this can move towards 28750. On the flip side, MCB below trend line will be very bad sign not only for BTC, even other cryptos will start to collapse. So look out for the trend line on MCB

Stocks_Mario

Above weekly chart shows a bearish sign by forming Shooting Star Pattern @ falling trendline resistance which is not good for short-term. This one sided rallied from 15200 levels shows that bulls are getting exhausted & over stretched. So it may cool-off & may re-test breakout zone. This view will be invalid if shooting star pattern high is broken out on WCB.

Stocks_Mario

Bearish engulfing pattern & closed below falling trend line resistance. This candle high to be taken out on DCB for further up move. On the flip side 17245_17390 is the next support zone & 16660_16795 will be the next big support zone

Stocks_Mario

S&P500 almost came closer to falling trend line resistance & 50 WMA but did not breached it so far. Good support seen at 4160_4233. If sustain above this may re-test 50 WMA again. Or else will fall towards yellow trendline levels 3900_3935

Stocks_Mario

DJIA breached the falling trendline resistance & 50 WMA but can't hold above it & formed shooting star. Last week high should be taken out for further upmove & downside important zone to watch is 32940_33300

Stocks_Mario

NASDAQ gave breakout and falling towards b/o levels. Now the question is whether it will be a clear b/o or fake b/o? Next week might give us a clear picture

Stocks_Mario

Next week closing will be interesting to see whether last week b/o will sustain with retest or end up in a fake b/o

Stocks_Mario

Buy @ cmp & in dips till 580 | DCBSL 553 | Tgt 660/710+

Stocks_Mario

* 50 WMA & Falling trend line will act as strong resistance * 2 consecutive close above 50 WMA will fuel upmove further * Failing to do so will invite fresh selling

Stocks_Mario

* 50 WMA - Strong Resistance * 2 consecutive Weekly Close above this will open upside further to test ATH * Failing to do so will invite fresh selling

Stocks_Mario

* 50 WMA & Falling trend line will act as strong resistance * 2 consecutive close above 50 WMA will fuel up move further * Failing to do so will invite fresh selling