falak.mazhar

falak.mazhar Updated 

200 EMA acting strongish price over the last few weeks have made many systemic attempts to break this but the bears have denied the bulls, however it is heartening to a cluster of supports due to some rangebound behavior. Supports at 9.80 where ema 50 sits and then another support at around 8.80-9 which was the april 15th low and closing price respectively. If...

falak.mazhar

We broke the 4200 resistance levels and rallied to the high of 5345. Now we are consolidating upon these gains and are sitting at about $5000. While breaking above the 200DMA is medium to long trend reversal for cryptos we will have to retrace these gains to prepare for the next move on the upside and a new wave of buying. The question is how much will we...

falak.mazhar

Stellar has seen some much needed tailwinds in this enduring break market through the likes of IBM and its tie up with XRP which should bode well in the long term due to its solid fundamentals. However XLM has seen a dramatic increase from around 10.5 cents to 11.5 and has since corrected to around 11.1. While many people are jumping upon this opportunity to...

falak.mazhar

After a breakdown to 3200 we rallied but failed at the crucial 3650-3700 resistance indicating a bearish close of the weekly candle. Bollinger bands are tightening which should indicate another leg of fall to 3200. Furthermore a few days back ADX led to a false breakout and looks like this will be another bull trap. No indication of going long here, perhaps test...

falak.mazhar Updated 

Hey guys the temporary bottom of 4200-4000 is holding but so was 6000 at a point of time when that broke down once we didn't see a solid up move. This situation is exactly similar highlighted by the tightening bollinger bands and the inability of the bulls to touch 5000 means we are likely to see these sub 4k levels maximum by Monday. Notice that in the recent...

falak.mazhar Updated 

As per my last analysis i called the bottom atleast a temproary one between 4200-4400, the RSI looks to have bottomed out which is mirrored by the ADX and DI lines. One must remember that when prices are not at equilibrium so arent the indicators, which means that a mean reversion is in the offing. The RSI and ADX indicators bottoming out may suggest that we may...

falak.mazhar

ADX line below signal level meaning that we arent in the trending market RSI relatively neutralish at 50 so expect some consolidation before a move on either side. For now looks like nifty likely to take a breather after strogn upmove from 10-10.7k

falak.mazhar

The main question in the spotlight is will the bulls defend the 7000 mark or will the bears push towards lower levels from here. Considering the large and sustained sell off which has been taking tech stocks have taken a beating especially the likes of nvidia which plummeted 18% in two trading days after posting disappointing results on the back of a crypto...

falak.mazhar

As we can see the plunge to 5.5k to 5k has left many people in despair and its frustrating even for a HODLER like me. However what we must remember that now we have fallen 75% from ATH which is an average bear market for crypto and claims that crypto is dead is rubbish. Its pretty clear that blockchain is here to stay which is highlighted by the approval of the...

falak.mazhar

Bullish divergence in MACD and price

falak.mazhar

Hey guys this is the first time I am ever publishing an idea, so try not to be too harsh on me as i am beginner in TA. Over here we can see the narrow range of the bollinger bands after the breakdown to 5200. Traditionally it appears as if we would break downward to 4800-5000 as we are bear market. However upon a closer look it looks like there may be some short...