Personally, I would not advise using the leverage, 2x or even 3x Bear ETFs unless you are super confident and knows and can accept the RISKS involved. U win 2 or 3 x but also loses 2 or 3x, can you really accept it ? The question you should always ask no matter what indicators or gurus telling you, what if you are wrong ? Answer this question and not avoid it...
Going through this set of data since late 2021 or 140 weekly candles, I have discovered that an astounding number of weeks are of the Doji type ( 1 Out of 3 ) My previous post was about pin hammer bars and they represent 17% of all weekly candles. Between dojis and pin hammers, that is equal to 50% of all weekly candles. The other 50% of candles represent...
With reference to my EURNZD analysis of April 2024. This pair is started losing momentum to the downside. There is still no confirmation for buying as yet. However, it might create a massy structure around the marked demands zones. Therefore, we need the price to pullback at least towards 1.78000 level (round number) break the previous high before continue moving...
Bearish Divergence Bearish divergence is a technical analysis concept indicating potential downward momentum in an asset's price, suggesting that the current uptrend may be weakening. It occurs when the price of an asset reaches higher highs, but an indicator (such as the Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), or Stochastic...
Boba Network is a Layer 2 Ethereum scaling and augmenting solution that lowers gas fees, enhances the capabilities of smart contracts and improves transaction throughput. After touching a parabolic peak at 1.0 levels, BOBA went on a cooling down mode touching 3x less its peak price. Now, based on long term data -- this is resetting again. Buyers are slowly...
The RBI dividend remains in play, the picture clearly shows the break of Fibo Angles, pictured with the Golden section break out. The result is the exponential move. This has been broadly noticed in the INDEX too, we printed the new weekly high. Markets have their own unassuming strength or weakness; it is always called the collective wisdom. That is here to...
COINBASE has broken out of a bullish triangle pattern it as been printing for days. A successful break and rest of the previous resistance zone on the weekly time frame. I expect COIN to continue its strong uptrend over the next few weeks.
Key Points of the Double Top Pattern 1. **Bearish Reversal Signal**: Indicates the end of an uptrend and the start of a downtrend. 2. **Two Peaks**: The pattern features two peaks at approximately the same price level. 3. **Trough (Neckline)**: The decline between the peaks forms a support level known as the neckline. 4. **Breakdown Confirmation**: The pattern is...
AVAX Long Position. on the 4-hour chart we see the wick is bouncing off of the 50 moving average. Confirmed the position with the Stock RSI indicator crossing over. Most Cryptos will be extremely Bullish Today. Also US30 stocks have a potential push as well, including Boeing. It is possible we could see a huge wick to the downside so minimize your lot size for...
BITGET:MOBILEUSDT is forming a Cup and Handle pattern on the 10m chart. For this formation to be confirmed, we need to see an increase in the asset's volume. If the handle confirms, the targets are aimed at the flow zones in the volume profile and the convergence of Fibonacci projection.
I have drawn two downtrend trendlines, which are early and latest downtrend trendlines. These two trendlines have been broken. So, I see that the potential downtrend is over. Now, I look for the beginning of an uptrend. I have identified an uptrend structure where there are points LOW (L), HIGH (H), and HIGHER LOW (HL). However, the price still does not make a new...
Vechains Vthor token seems poised for a breakout. It has completed the retest of the previous resistance zone as well as completed a bullish triangle pattern its been printing for weeks. I expect this next move to be explosive.
Britannia can give a good swing to positional trade with a decent stoploss and good Targets ENTRY - 5260 STOPLOSS - 5200 TARGETS - 5380, 5430, 5500++ Note- if any trade or value that's gone from the marked levels then that's not our trade just let it go or wait for it to come back I'm not sebi registered this is my personal view
Double Top Pattern A double top is a bearish reversal pattern that signals a potential end to an uptrend and the beginning of a downtrend. It consists of two peaks at approximately the same price level, with a trough in between. Key Elements 1. **First Peak**: The price reaches a high point, then declines. 2. **Trough**: The price falls to a support level after...
Bulls break the highs, post new weekly closing high. The back-to-back strong bull candles have not appeared since NOV 2023, that is near six months. Arguably the best foot when the bears least expected the same. Previous resistance now strong support around the 22800 area. With Exit poll looks real poll and the confidence that the market is showing as exit...
**Monthly Chart** USDCAD is moving within a large range between 1.30000 and 1.40000 level since Oct 2022 as per monthly chart range. **Weekly Chart** The pair is still moving within the range after creating a weekly key reversal around the relative equal highs. The obvious move is to downside at least to test demand zone around 1.32000 level. **Daily...
A double top is a bearish reversal pattern in technical analysis, indicating that an asset's price is likely to fall after reaching a certain level twice in succession, with a moderate decline between the two peaks. This pattern is used by traders to predict a potential change in the prevailing uptrend to a downtrend. Here’s an overview of the double top...
Adani ports can give a good swing to positional trade with a decent stoploss and for good Targets. ENTRY - 1420 STOPLOSS - 1410 TARGETS - 1450, 1500++ Note- if any trade or value that's gone from the marked levels then that's not our trade just let it go or wait for it to come back I'm not sebi registered this is my personal view Please like or boost my idea...