plz go through the counts of banknifty on weekly time frame.
The trendline is trend decider of this upmove.
We may witness big fall upon breaking this trendline.
Rgds
We got to 3800 yesterday and it's really testing resistances at this level. So do we move higher from here? If you look at the DOW, it's actually above it's 50 MA and at resistance as well. And yet, 74% of stock are still trading below their 50 MA. We are still in a Bear Market, so we have to remain Bearish. Did you look at the volume we had yesterday compared...
Interesting bottoming confluences on USDCHF 1H chart.
If CEST 2PM close above 20SMA and downtrend line from last Thursday high, it would also confirm a double bottom pattern, triggering a potential more upward pressure from today's low.
A possible bearish flag pattern backed up by the 20ma crossing below the 50ma. Also the NZDUSD pair has been in a steady decline. I currently shorted the pair. We must keep in mind it has been oversold according to the RSI, so there may be some short term upside.
A possible double top that may lead to a bearish reversal sending the EUR down. Around 75% of the time double tops lead to bearish movements and about 83% of the time they break the neckline. Usually strong bullish moves leading to the second peak force a strong downward movement. Looking at the 4hr chart the trend is moving down with the 20 moving average...
Recent breakout, pulling back in an orderly fashion to the 20-day line, exhibiting relative strength to the market indexes as they continue to falter.
Look for a bounce off of the 20-day line that clears Tuesday's (2/22/2022) high with a stop loss just under Tuesday's low.
Hello!
After reaching a top @ 0.395 it has the last days formed a falling symmetrical triangle, which can be a bullish signal.
Wait for it to break the upper side of the triangle and wait for at least 1 -2 candles to form for breakout confirmation, that will be a good entry point!
If it, however, falls below the triangle that will be a bearish sign and it might...
Intro:
- Bitcoin is the first of its kind as cryptocurrency using blockchain technology and is looked at a store of value like gold , just better.
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- The whole crypto market follows in some way the movements of the Bitcoin price while being much more volatile.
Comments:...
We have been moving sideways for a while now, and we have a support at 89. I see nothing amazing here, but I agree that if we see something very good around, it can be a buy. The problem is that the momentum is not the best.
AMD is pretty weak, and if you look at the 4h chart, it is disappointing:
We have an advanced breakdown in the 4h chart, and this ruins...
Well, maybe MSTR will give us another good chance to trade it! Recently I traded MSTR and made the trade public to you, just check it here (not all my trades are public, as I do many):
This was a very easy trade to do, and MSTR is doing something good again! The breakpoint is the 625, and the target will be the 690. If we lose the 594, then the trade won’t be...
As @tomgjuraj requested, I’ll share my view on XOM with you today!
We do have many interesting signs. We have a RSI divergence, and we are above a support area. We don’t see any buy sign, and the 20ma is a resistance, but if XOM breaks it, then we might see a rally.
XOM is pretty oversold in the 4h, and e are above the support. If it break the 20ma in the...
And some think TA doesn’t work! WISH did exactly what we talked about in my last analysis: Corrected to the 13, because it was our next support, and it is also at the 20ma in the 4h chart.
Now we do have a good reaction, as we expected, but we must wait for the confirmation.
If WISH breaks the 13.67 I see this as another buy sign! We have a spinning bottom...
As @rktraders requested, here are my insights about NNDM!
The 8.15 is an important support to watch. It is still in a bear trend, and there are nothing saying it’ll reverse, for now, but if it breaks the 8.15, it might just drop more, maybe to the 7.40, so be aware of this point.
Another thing that tells me that the area surrounding the 8.15 is important is the...
As @hector158 requested, here are my thoughts about HIMX!
We have a bull trend, but last time the RSI was that overbought, it did a pullback, so let’s keep this in mind. If it loses the 14.94 this pullback will happen.
But the 4h chart is not overbought yet, and if the 14.94 holds the price, HIMX will just hit the next resistance at 16, which is a target now,...
The something incredible we were saying last week happened today! The BB are spreading again, and NIO is back to the world of living, after being dead for some days.
We are breaking the 46.19 from below, an impressive movement, and this was the condition for a bullish reaction as we also talked about last week.
Now what?
NIO closed the gap at 49.16, but the...
As my follower @shermaine2000 requested, I’ll analyze CLNE today!
There’s a possible V-shape recovery on progress here, target at 10.97. The RSI was oversold, and this favors our idea here. What’s more, it just hit the support at 10.50.
But there’re two problems: The 20ma and the 10.68. Both points can make the price struggle, and this would ruin the V-shape...
