Descending Triangle Analysis Reliance The above chart of Reliance laid out the descending triangle pattern. This pattern is often regarded as a characteristic of a bearish trend . It is formed by the upper trend line that connects the highs and a horizontal trend line connecting lows converges to form a triangle. If the price action breaches the lower support...
Flamingo (FLM) Price Prediction 2022 Flamingo (FLM) holds the 347th position on CoinGecko right now. FLM price prediction 2022 is explained below with a daily time frame. The above chart of Flamingo (FLM) laid out an ascending channel pattern. Ascending channel also known as the rising channel. The upper and lower trend lines that connect the higher highs and...
Loopring ( LRC ) Price Prediction 2022 Loopring ( LRC ) holds the 90th position on CoinGecko right now. LRC price prediction 2022 is explained below with a daily time frame. The above chart of Loopring ( LRC ) laid out a Descending Channel . Descending channel also known as the falling channel . A descending channel is formed by two parallel trendlines . The...
STEPN (GMT) Price Prediction 2022 The above chart of STEPN (GMT) laid out an Ascending triangle pattern, The ascending triangle is a characteristic pattern of an ongoing bullish trend. This triangle is formed by a horizontal upper trendline that connects the highs and the lower trendline that connects the rising lows. If the trend breakout at the resistance...
Since June 18, 2022, BTC trades in a higher high, higher low structure. In the recent trend we can observe that BTC has been forming Ascending Triangle Structure. Currently, BTCUSDT is at $24015. If the pattern continues, the price of BTCUSDT might reach the resistance level of $28200 If the trend reverses, then the price of BTCUSDT may fall to $22400 Look at...
Since June 18, 2022, BTC trades in a higher high, higher low structure. In the recent trend we can observe that BTC has been forming Ascending Triangle Structure. The above chart of BTCUSDT laid out the ascending triangle pattern. The ascending triangle is a characteristic pattern of an ongoing bullish trend. This triangle is formed by a horizontal upper...
Nifty 50 "Intraday Analysis" 10-Aug Time Frame : 30 Mins Price Action : Higher High and Higher Low Trade Suggestion Buy Side Buy Area Above : 17565 Target : 17665 Stop Loss : 17500 Sell Side Sell Area Below : 17450 Target : 17360 Stop Loss : 17520 Happy Trading !
HDFCLIFE Elliot Wave Analysis Time Frame : 2Hr The above chart of HDFC LIFE laid out the Elliot wave (Impulse) Truncation What is Truncation Phase ? Current Truncation Phase is from Bear Trend Impulse wave sometimes also contain Truncation. Truncation is a phase where 5th Wave does not move beyond the end of third wave. To spot truncation correctly,It is...
Algorand (ALGO) holds the 33rd position on CoinGecko right now. ALGO price prediction 2022 is explained below with a weekly time frame. The above chart of Algorand (ALGO) laid out the falling wedge pattern. In a falling wedge pattern, both the upper trend line which connects the highs and the lower trend line which connects the lows converge downwards. The wedge...
Hourly Time Frame Analysis The above chart of Nifty 50 laid out an Double Top, also known as the trend reversal pattern. A double top is a reversal pattern that is formed after there is an extended move up. The “tops” are peaks that are formed when the price hits a certain level that can’t be broken(Resistance 17475). Currently Nifty near to the support level...
Bank Nifty Analysis for 8th Aug 2022 In the above chart of Bank Nifty we can see that triple top has been formed at the top level .The “tops” are peaks that are formed when the price hits a certain level that can’t be broken(Resistance 38150). Another hand that we can observe inverted head and shoulder pattern as well. Now, the fun parts have begun, where does...
Hey Everyone We have analyzed BTC in a two different time frame, One is Weekly and another one is Daily Weekly Time Frame : In a weekly time frame , BTC is trading in a Lower High and Lower Structure , Using the Lower High and Lower Low concept we can expect the price of BTC may reach the $ 29770 . Daily Time Frame : In a daily time frame, price of BTC is...
Market Trends If you have been started to study the price action ,you may have heard of an " Market Trends" or "Type of Trends" or "Market Cycle" . Today we are going to take a small look at the each trend, along with few examples. Later we will publish the whole trend concept. Please remember this is an educational post to help all of our members to...
Let's understand the RSI Bullish Divergence before we take it into account. RSI Bullish Divergence Like all indicators,Divergence also fails sometimes, Success rate of RSI Bullish Divergence is 40-45% for Trade RSI Bullish divergence will provide good accuracy in Daily Time Frame . As per my view avoid shorter time frame anything below 60 mins RSI Bullish...
In an hourly time frame, BTC has been observed in Falling Wedge Pattern Structure The falling wedge is a bullish price pattern that represents a story about the market in which bulls are preparing for another push. A falling wedge pattern is bullish , although it appears after a bearish trend . The falling wedge pattern works as both a trend work as a trend...
Bitcoin SV (BSV) Price Prediction 2022 Bitcoin SV (BSV) holds the 52nd position on CoinGecko right now. BSV price prediction 2022 is explained below with a weekly time frame A horizontal channel or sideways trend has the appearance of a rectangle pattern. It consists of at least four contact points. This is because it needs at least two lows to connect, as...
Polygon (MATIC) Price Prediction 2022 Polygon (MATIC) holds the 12th position on CoinGecko right now. MATIC price prediction 2022 is explained below with a daily time frame. An ascending channel defined as the price action contained between two parallel upward-sloping lines. This price pattern is distinguished by higher highs and lower lows. An ascending channel...
Biocon In an hourly time frame Biocon has been observed Double Bottom Structure. As per the chart pattern, If trend continues on higher side, It might reach the next resistance level of 336-345