As per RSI and price diversion ok chart of L&T it will give a good upside move. Target and stoploss is given in chart. After breakout of price stay above trendline then enter. Afterall world market scenario is downside so breakout can be delay but keep eyes on L&T.
Following yesterday's price action, we can now draw a new downtrend resistance line (currently around 55'000) UPSIDE : In order to neutralise, this potential trend reversal the BTCUSD should recover and hold sustainably above 55'000 and this on a DAILY CLOSING BASIS !!! DOWNSIDE : the level of 53'433 (already mentioned in my previous analysis and already...
Pitchforks create a type of trend channel. The trend is considered active as long as the price stays within the channel. Reversals occur when price breaks out of the channel. There is a center median line ( trend line ), as well as sets of lines above and below that median line. The additional lines are set a specified number of standard deviations away from the...
Looks like UniLend (UFT) is ready for trend reversal. I am expecting 300% return after UFT gives breakout from this long consolidation. UFT also looks good in fiat pair. It may move side ways for couple of weeks before breakout, be patient.
The GBPUSD fell sharply yesterday and the GBP was the weakest of the major currencies. The fall took the price down to test the January 18 swing low at 1.35188. Today the selling has continued – albeit at a more modest pace – pair moving closer to the January 11 swing low (and lowest level for the year) at 1.34498. The low price today has just reached 1.3454...
Price is going to close below the 21 week moving average which will likely be followed up by a test of 461 and if that doesn't hold we can see price go much much lower. The MACD is also crossing bearishly which leads me to believe even more that the bearish scenario will play out.
Hello All, hope you are having a great day! Welcome to today's "Aglogains - Daily Trade Series" ETH USDT has rallied up to 3533 making new short term higher highs, proving the strong continuation of the uptrend we have been seeing. If we look towards the left a bit, around the price range of 3520 to 3560 ETH USDT has seen a strong resistance. Since ETH has...
It's not completely hopeless for the bulls yet but from the looks of things on the charts it seems way more likely that BTC will see 12.5K again rather than it seeing all time highs anytime soon. The Weekly Bearish Engulfing makes the perfect rejection signal at this Pattern Completion Zone. I think we just spotted the trend reversal.
ive been shorting $FUBO and I expect a trend reversal at some point. hopefully this symmetrical triangle does it.
BTC just broke out the resistance line to 46k and the target is 47.2k but expect a pullback to retest the resistance line as support before we see the real push up! The double bottom at 45k also helped us break out to 46 as well. If we do break down the resistance line we just broke out then expect another retest at 44.6k. But do remember we are still in a DOWN...
Traders, Google (Alphabet) had one the best runs since covid-19 crash last year. The move has just been nothing short of the best parabolic one in any stock in recent times. However it may be about to change. For the first time, Google price action has started to show sign of a correction. And we know that when a parabolic moves corrects it usually is a quick...
I Shouda got those $360-$370 Tesla puts... Do you ever say stuff like that? yeah, me too. we all do. and will continue to do so. But when starting to invest/trade you may find yourself doing it much more often. To the point of making emotional trades or getting stressed out. Just remember. stick to it. you'll get there.... After months & many hours deep...
If the 2 bearish candles didn't appear before the market close, the Head and Shoulders formation is an almost perfect setup. Now we need to have the awareness that the Bullish Shark Pattern may form and that will weaken the Shark Pattern. At this moment it is still too early to make any decision, it will be critical when the candle break and close below Point...
A confirmed Head and Shoulders formation on the 4-hourly chart with an RSI Divergence gives an opportunity for trend reversal traders to engage in a counter-trend trade. The 1-hourly chart trendline has greatly improved our entry price by 63pips and I've engaged the trade at 87.13 when the candle touches the trendline and has a 3-bar reversal with a bullish...
Cirus is fundamentally one of the strongest project ive met. Technical in my opinion could look like this in few weeks.
Intro: - Ethereum currently has the biggest ecosystem and running smart contracts for a long time. This headstart led to a big market dominance compared to its competitors like Cardano, Solana, Cosmos, etc. - It takes some time to create such ideas and drawings. You are welcome to pay me back with a comment that states your opinion and maybe leads to further...
ADA has failed to reach its all time high on 3 separate occasions. I missed the last one because I was gone the entire day (Saturday), but I spent a bit of time checking the the different timeframes and noticed a few things signaling a possible trend reversal. The first is the the most obvious: downward sloping highs. However, it lacks the retracement to confirm...
Intro: - Reef Finance tries to become one of the most used blockchains for DeFi. It's fast, scalable and has a low transaction costs. Reef Finance is build with Polkadot Substrate and comes with on-chain governance. - It takes some time to create such ideas and drawings. You are welcome to pay me back with a comment that states you opinion and maybe leads to...