Nifty opened gap down and bear stretch their arms and drag the nifty to low of the day that is 22503 which is around 1% and 234 points.
Nifty has formed red body big candle with upper shadows which indicates participants were selling from upper end.
A small part of candle is crossing 9 days Simple Moving Average Line on daily chart.
Nifty is at support level...
Index opens with gap and bulls stretch their arms for another day, and made days high that is 22193.
Index has formed green body shaven bottom candle on daily chart, which indicates todays open and low are same and buyers were buying from starting of the day.
Candle is above 9 days Moving Average line on daily chart. Index has broken the resistance of 22115...
Following the run up to all time high in 2017, we had a bear market breakdown that lasted the year. This period was followed by an uptrend after bouncing off the monthly 50 simple moving average. That uptrend broke at the .618 extension and gave way to another breakdown to test the 50 simple moving average. PA wicked below the 50sma and opened above the...
On the 4H chart for the GBPUSD we are getting a symetrical triangle
Since the end of October we can observe a well defined Bullish market structure ( orange line ) which indicate an up trend
For higher success ratio, you are looking for a breakout to the up side from the chart pattern as it will align with the general trend
Additional factors to take in...
Gold is forming an Ascending triangle on a 1H chart. The resistance of the pattern is aligning with the recent low points in the price creating a strong resistance range.
The development here is important. If the price breaks the resistance, this can fulful the chart pattern and also break above the resistance range, which can push the price up. If the price...
💥HOW TO TRADE:
Identifying Trends and Reversals 🎯
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Here's my approach to determining the intraday direction when trading short or long, specifically focusing on the relationship between Price and SMAs(20,50 and 200), EMA200, Oscillator, Support Line and Patterns:
🐸 Simple Moving...
By using the 140 sma in combination with the logarithmic growth curves (gab´s crypto) by baltristangabriel, we can see that the crossing of the 140 sma (blue line) and the red line on the logarithmic growth curve means the trend has shifted. When the blue line crosses up, it's pretty close to the top. When the blue line crosses down, a volatile move to the upside...
Placed a limit buy order in this stock. Let's see how it works out. The reasons can you see on the charts - if I should explain them leave just a comment here. ;)
RNDR is at resistance and could experience a 120%-150% rally if the breakout pans out!
The Details: Render Token (RNDR) is a cryptocurrency that powers the decentralized render network of OTOY. OTOY is a cloud graphics company that provides high-quality rendering services to the entertainment, architectural, and product design industries. RNDR is used to pay for...
Since the start of the year, Ethereum's (ETH) price has followed a 145-day low-to-low cycle that now calls for a rally in December. Historically, the Ethereum price has a clear seasonality, with a tendency to produce high median returns in December.
ETH 145-Days Cycle
This cycle shows ETH's tendency to bottom every 145 days or so. ETH's price has followed this...
Over the past 3.5 months, Huobi Token (HT) has been developing a megaphone pattern, also known as the broadening pattern. The pattern is neither bullish nor bearish, but it hints at a period of heightened volatility as long as HT's price remains trapped inside the megaphone support and resistance levels.
HT Megaphone Pattern
The megaphone pattern can be...
As this pair keeps forming lower low I think it is better to trade this with sell position. Sell the rally would be a wiser approach. Area sell is would be around 1.11906 (senkou a), 1.13621 (senkou b) or sma 50 1.14323.
Then what if the price keeps breaking low without correction? Everytime it forms new low if you wanna buy it, risk only 1-2% from your capital....
Understanding Ethereum's (ETH) price action before the merge event can give us further insight into what may lay ahead. Chart patterns are real, and the historical price action tells us they are repetitive. Based on the price action structure, it appears we're in the process of developing a Zig-Zag pattern, which is a price sequence where the first leg and the...
Ethereum (ETH) printed a widely followed bullish signal on its daily chart that calls for more upside ahead. This technical pattern can signal a shift in market sentiment from bearish to bullish, and we're likely to experience higher prices.
ETH Golden Cross
The golden cross is a moving average crossover strategy triggered when the 50-day simple moving average...
Ethereum (ETH) has experienced another tremendous rally of about 130% since its June low. That said, in the short term, price action indicates that the $2,000 psychological level is still a difficult resistance to overcome. Here are three things that need to happen to give ETH a higher chance of breaking above $2,000.
#1 RSI Needs to Stay Above 50
The Relative...
FOR GBPUSD I prefer bearish trend for this pair. if this pair rallies to the selling zone I have defined, sell with the stop ABOVE the horizontal line I have defined. If the price keeps breaking lower then sell if the price breaks below 1.2027 area (especially if the candle is bearish engulfing candle).
Trade well….
- As per my Elliott Wave analysis on the weekly scale, we have 2 impuls waves successfully completed and now we are missing the final impulse wave!
- ABC correction (Wave 4) can be done, because wave 4 should not overlap the first wave.
- 200 weekly moving average is currently acting as a very strong support!
- Also the price is currently sitting on 0.786...
