While I usually use candle charts, sometimes I switch to line charts for better perspective. On the weekly you can see: * resistance at 50sma ~298.40, price is there * white down trend line is ~308-310 * price already reversed from 50ma, tested 20sma, and put in a big upward move this week (reason for caution on puts) Look at the yellow circle on RSI (14 day)....
Use 20 SMA on banknifty on 1 hour chart Buy when 1 hour candle close above 20 SMA Sell when 1 hour candle close below 20 SMA (20 SMA - Simple Moving Average)
Volume decreasing, resistance above along with 20sma on 4hr, SRSI high. Might need to do some cooling off time, we could see a retest of the bottom or just some sideways action until it gets ready to go more up. Break from this channel could bring us nice gains... Set alarm for this one traders Good luck and hit like if you like it! Thanks
Gala broke up from this descending resistance trendline, managed to close 4hr candle above it. Now right on next horizontal resistance at 0,3 and in limbo space between 20 and 200 sma on 4hr chart. Indicators ion 1hr are high, and we could see some cool off time, maybe even retest of the trendline or retest of 20 sma. Could be nice trade, but the real test will be...
High price near open was right at 20sma. So puts bought near 219 will have close stops. Suggestions are 219.21, 219.39, and 219.51. I am using 21Jan and 18Feb expiry dates.
Will we see a breakout from this descending channel? Broke above 20sma and now we have horizontal resistance at 0,7501 and a second big and important one at 0,7795. Between them is now 200sma. So even if we can see volume increasing since 20sma breakout, it could take some time to break these resistance levels. Long entry under any of them is recommended only for...
Avax printing symmetrical triangle, before the breakout of horizontal resistance or resistance falling trendline, we got 20sma which will be a nice test of AVAX strength. If we get above it and successful breakout, we could see the price going up, possibly hitting 200sma which is now about at 59. it's going down, but if enter long, that is the first level to be...
ROSE formed ascending channel, if price come above the resistance level at 0.2, be extra careful until we get above 20 and 200sma, they act as resistance when the price is under them... indicators look bullish on 4hrs chart we could see ascending triangle forming so the upper resistance level 0,22989 is the next target to watch if get above those lower ones price...
descending channel, respecting established levels amazingly well... if 46.93 is lost as support, a bigger move down is possible and could be a great short opportunity recently bounced down from 20sma, which is not bullish MACD relatively low, SRSI death cross printed, RSI could go pretty much anywhere from this position... So I guess we should pay attention to...
if break up from the resistance level above, we could expect a bigger move up... SRSI high, could retest 20sma or even support zone before moving up further, If drop-down from support zone, and 200sma, we could expect more downside movement and take a short trade. SRSI looks like it wants to print death cross. Scalp traders could take short scalp trade if we...
Big falling wedge, bullish idea. Recently broke down from 200 and 20sma, I would be very very careful entering long under them. Usually, it indicates that the bigger downside is near. But with these micro caps, you never know... Good luck traders
stuck between 20 and 200SMA on 12hr chart, we have to wait for the result, above us is a big and very important support-resistance zone also, we came near that resistance trendline started in May, If TLM overcome these hurdles on its way up, we could see a big move up It could take some time, we got room in this triangle for almost a whole month so set...
now on breakout-resistance level AGAIN, could bounce down again, indicators high on 1hr, could roll over and pull back, on 4 and 6hr bullish, on 8h SRSI looks like it wants to print golden cross SMA 20 and 200 hourly on great position for a move up. possible symmetrical triangle forming Entry ideas on chart Good luck traders
BLZ got multiple resistance levels overhead, resistance trendline started in March, and looks like that price respects it (one bounce down since established), 200sma daily, and 0,28 level that was support and now acting as resistance. Now in this "small" falling wedge (bullish figure). SRSI is on the top and we have a chance to move down, retest 20sma, or that...
Looks like forming a falling wedge now. SRSI and RSI looks bullish on 1 and 2hr, MACD could turn up on 1hr, on 2hr still bearish looking, I was expecting that it will retest 200sma at least, on a bigger timeframe not so bullish, so this could be a short pull-back move only (scalp trade). Maybe just bearish retest of this WHITE trendline that used to be support,...
looks like it wants to break that resistance trendline starting in May, significant level .2624 is above head and 200sma also on that level, making this crucial point to get above for any chance to get more upside action. Between 200 and 20 is mostly crazy behavior for the price action, bouncing up and down few times before direction is decided. MACD is bullish,...
bounced up from 200sma, if break up from resistance level and from 20sma, could be the good long scalp, if break up from that big resistance trendline, we could see a bigger move up...
Now it got above 200sma and wants to get above 20sma, if these two sma holds, we could be in the start of profitable move up. Good luck traders