Bitcoin has broken out from a triangle pattern and this might trigger a rally towards 44000$. 44K being a stiff resistance can cause reversal at higher levels. A minor Resistance is also seen at 42500$ which could also act as a trend reversal point. Breakout might retest in the trendline which could be a potential safe entry. Price needs to sustain above the...
Nifty is looking bearish for now due to weakness in the market. It can bounce back from one of these supports. Wait for confirmation of reversal before entry. Breaking the previous swing low can cause further correction.
Nifty is looking bearish for now due to weakness in the market. It can bounce back from one of these supports. Wait for confirmation of reversal before entry. Breaking the previous swing low can cause further correction.
Nifty has been bearish for a while and has corrected, As nifty looks to have broken out from a short term Correction trend. If nifty 50 closes above the major resistance of 17650 we can expect bullishness in the market as long as there are no fundamental headwinds. Supports can be found below as of chart.
The index has broken out from a short term flag pattern and this may cause a rally in bank nifty. Plan Trades Accordingly.
This crypto has broken out with good volumes and could Retest in daily candlestick chart, and may rally further. It is a small cap and the markets are showing signs of weakness. so this trade is of high risk and due caution is advised. Risk Reward Ratio - 2:1 SL placed below major support and below trendline. Target is placed at twice the stoploss.
This crypto has reached the lower trendline and has taken support, It has also broken out from a triangle pattern. This gives us a good point to enter. Risk Reward Ratio - 3:1. SL is placed below all time low and support Zone. Target is placed near swing high.
This crypto has broken out with good volumes and Retested in daily candlestick chart, and may rally further. It is a small cap, so this trade is of high risk and due caution is advised. Risk Reward Ratio - 2:1 SL placed below 200 EMA & Target near ATH. DYOR.
BTC has broken out and Retested in the shorter time frame and reached a reversal in the longer time frame. As we are bullish on the general trend, so we can enter a long trade. Risk Reward Ratio - 2:1 Target near swing high. SL place below trendlines and support zones.
Ethereum Has broken out of short term consolidation and it seems to bullish for the shorter time frame. So it may Rally Further or Retest the trendline to rally. If it breaks the current support trendline, it will find support near the trendline below it. If Traders have higher risk appetite, they can extend stoploss to take supports from trendlines below.
The index has broken the trendline support in daily candlestick chart, therefore it looks bearish for the short term. It may take support in the lower trendline and may bounce back. Nifty has strong support at around 17500. If Nifty Breaks the above said supports, It could lead to further Bearishness and correction.
As the currency pair has broken out there is a possibility of a rally. We can enter at the point of retest with a SL below trendline and a target neat swing high for a RR of 2:1. The price may rally or retest the trendline before rallying further.
ETH has broken out in daily charts, as BTC and general cryptocurrency market is bullish. We can enter ETH longs with SL below the previous trendline and target at all time high (Minimum Risk:Reward Ratio - 1:2). *DYOR
Nifty 50 can take support at around 17900-18000 range and bounce back, due to short term trendline and major supports. Breaking it can cause further downside.
Bitcoin is at a vital stage which can impact its short term price movement. Any breakout from range can lead to a rally. While failure to breakout can cause it to trade within range. DYOR before investing or trading.
MCX Gold looks to breakout the upper trendline which can cause a short term rally. But the overall picture is bearish as the longer term trend is broken in the downside in the previous weeks.
S&P 500 has broken a long term trendline which acted as supported and retested before falling further down. This indicates Bearishness in the market, and market may be in for a short term correction before any further uptrend. DYOR before any making any investment or trading decisions.