vanathi

vanathi Mod Updated 

In our previous idea we have seen the different patterns in the chart. Today there is one pattern only. Downward channel. Price has broken the support at 33700 - 33720 and now it is moving in a channel. In a channel price moves in a zig zag way which gives confusion in trend direction. Possibilities : Price can break the channel and become bullish above 33600...

vanathi Mod Updated 

Price is in down trend for few days, so what we can expect next? Support is at 4260 - 4280. If price took support, then it will move towards 4300, 4320. If the support is rejected then the price will try to test the trend line support towards 4240, 4220 and 4200. What do you think? Uptrend or down trend?

vanathi Mod Updated 

We all know that price won't move in horizontal or vertical line. Most of the time we don't notice it is moving in the form of curve. Ex : Rounding top, Rounding bottom, Cup & handle. I have marked few curves in the chart. 1 and 2 are resistance. 3 and 4 are support. We never know how price will behave. Do your own analysis and before that give a like.

vanathi Mod Updated 

We have seen about the rounding top pattern in previous idea. In this idea we are going to see about support turning as resistance. The support at 4400 is broken and in next trading session also if the price is staying below it, then 4400 will become the resistance. Where is the new support in that case? 4360 is the new support. Where is the next support?...

vanathi Mod Updated 

The patterns in the chart are : 1. Channel 2. Support/Resistance. 3 H&S. 4. Trendline BO What pattern will form next? This is my expectation. Let us see whether price forms it. Since the price has broken the support zone 34600, it is now moving towards 34320 and 34080. We can expect bounce in the 34k area. My view is bearish and I have marked the next support...

vanathi Mod Updated 

Instead of consolidating, btc is trending in an upward channel. Price has 2 paths. It may move towards 2 if it takes breaks the channel in upward direction. Or it may fall towards 26000. Note : It can move in the way it want also instead of 1 or 2. Be ready for that too. Anyhow, its a good sign to see the price moving. Give like and do comment to encourage...

vanathi Mod Updated 

In our previous post we have seen a rounding top pattern. Now a small rounding top is forming which creates a cup and handle pattern. Support zone remains the same. 4415 - 4435 will act as the support if price fall. This pattern will become invalid if it breaks upside and sustains above 4476 and fill the gap. What you think? Gap filling or falling? Give like...

vanathi Mod Updated 

Price was trending inside and channel and gave break out. And the fall formed a falling wedge pattern. The price may move up towards 35000. There will be pull backs and price won't move in a straight line. We can expect resistance at 34800 zone. Give a like if you like Dow Jones.

vanathi Mod Updated 

I have taken a smaller time frame to do the analysis. The price is moving within a narrow range of 25700 - 25900. 25500 is a crucial level to decide the bullish strength. Price may test it before moving up. If price didn't test 25500 one more time, then it have to sustain above 26100 to move up. 25500 or 26100 which path the price will choose? We have to...

vanathi Mod Updated 

In my previous post I have written the price have to sustain above 1 to be bullish, to continue the uptrend. But that zone acted as resistance and the price fall down. Now the price is at the zone which is marked as 3. If price took support it will move towards 0.0670. And if the price reject the current support then it will move towards 0.53 What is your...

vanathi Mod Updated 

Price is consolidating in the range 4500 - 4540. And the pattern which is forming is rounding top. If the price follows the the pattern, it will complete at 4440 - 4450. The pattern will be invalid if price sustains above 4540 - 4550 zone. Sustaining above it will give very good move towards 4580 and 4596. Give like and comment to encourage the author.

vanathi Mod Updated 

For the past few days btc is moving in a very narrow range, making traders to wonder whether the moving phase is over. There will be consolidation before any big movement. 29600 - 29700 zone if it is taken with volume, then we can expect btc to move up with force towards 31000 and 32400. 29000 - 29100 will decide if the bears have the strength to pull the price...

vanathi Mod

Though the price is taking trend line support, as the trend strength seems to be less, expecting the price to move sideways till it gains strength. Then it will break the range and move towards 0.090.

vanathi Mod Updated 

Sustaining 11620 - 11640 will push the price towards 11680, 11720, 11780, 11830 and 11880. Sell below 11560 for the targets 11520, 11480, 11420, 11360 and 11300.

vanathi Mod Updated 

Sustaining 29630 - 29680 will push the price towards 29800, 29940, 30000, 30180, 30400 and 30620. Sell below 29420 for the targets 29300, 29160, 29000, 29840, 29680 and 29520.

vanathi Mod Updated 

Priceaction is forming a rising wedge.

vanathi Mod Updated 

Buy above 294 with the stoploss of 291. Targets are 297, 300 and 302.

vanathi Mod Updated 

Price action is consolidating. It has to break the rectangle to give further movement.