Inverse Head And Shoulder is formed and retest of support line is a good factor for a BULLISH moment in NSE: HINDPETRO. Volumes are goods. Priority is good bullish with stop loss at 200 .
An ascending triangle is a chart pattern used in this technical analysis. It is created by price moves that allow for a horizontal line to be drawn along the swing highs, and a rising trendline to be drawn along the swing lows. Volume tends to be stronger during trending periods than during consolidation periods. So, probably the first profit take is $11K...
Bullish if 7710 with Green Candle & Bearish near to 8175 as it is main resistance over long period . As it educational idea not trading advice. Do your own research and share to.
Here we can see golden cross of MA 50 and MA 200 and there is a trending line support in yellow. If price closed above yellow line then BTC price will go up because Golden Cross Factor.
We can see that BTCUSD is moving inside its resistance and support lines. If the breakout happens on the upside(Resistance line) then we can see $18000 which next big resistance as the rally is on bull mode. If the breakout happens on the downside (support line) then we can touch its nearest supports levels ($9700-$9000) as we can see trading volumes are going down.
This analysis shows that wave 2-3 in good up move in Trx-Usdt pair. Expected coming resistance 0.51. After that, a healthy shortfall will occur in a manner to move in an upward direction.
BTC can go to back between $90k-$93k which is very good for a sign for upword movement for next target between $99k-$101k resistance.
Here BTC-USDT forming a cup and handle (C&H) pattern on the daily chart. BTC price will retest the previous support i.e. 8300 and start again some uptrend move and will reach next resistance.
IF BTC sustains above 7800 support then it will go up(reverse head and shoulders pattern). If break 7800 then we can see 7200 and will follow the impluse wave.