As shown in chart, there is a clear cut Rising Wedge formation, after that we may see a profit booking. Levels to BUY the stock : 199-194. Speaking about indicators below MACD is forming triple top, which is a clear cut bearish sign, so accordingly stock may fall to its demand zone. Keep an eye and buy at dips. Its one of the stock with very good fundamentals and...
Recently there was RSI divergence during Feb 2021- May2021 and we witnessed a great drop in prices . Currently hidden RSI divergence is taking place in daily time frame, so is 20-25k possible for BTC? share your views!!
Comparing BTC bull run of 2013-2017-2021.. In every bull run BTC after making a top BTC is settling below 0.78 Fibonacci level, at the same time RSI also gets accumulated, so there's a good chance that BTC may follow the same!! Question is how do we know its a top ? - currently if may month candle closes bearish, then evening star formation will be validated ,...
Would BTC follow the same path like it followed in 2017-18? whatever may be the condition of market be , but looking at broad picture there's always an opportunity to grow, I would recommend to buy at every dip and enjoy later. Currently we are in phase 3 as per 2017-18 trend, moving to phase 4!! lets hope for the best.
If btc shows negative bias , ETH/USDT will perform accordingly. According to some technical reasons which we observed there chances that ETH/USDT may settle around 2000>1940>1900 range. 1. Due to negetive RSI and price action divergence in weekly chart. 2. As it's been 4 weeks since ether has been bullish so a retracement upto 0.38-0.50 Fibonacci may take place...
BTC Updates:- Keeping BTC CME futures gap-filling theory aside. Some technical reasons which we observed that may lead to a downfall in #BTC to the zone of $47k are :- 1.Rising wedge formation, in which downside breakout has already occurred and technically next support lvls are $50k - $49k - $47k 2. Next strong support zone 100days EMA around $48k. 3. RSI and...
As you all can see we witnessed a good rally in ethereum. but $289 is a crucial resistence level , after which we may see a correction in prices upto $255-250. if $289 is crossed then we may see a further up move. According to MACD , trend is soon going to end . and we may see a correction. Same depicted by RSI, which is in its overbought zone. So keep an eye on...