🔍Today, our focus is on ApeCoin (APE) with analysis conducted on the 4-hour timeframe. A notable aspect in this timeframe is the favorable reactions to Fibonacci levels, where APE exhibits a response to the 0.618 level, forming a V-pattern after a fakeout. This pattern suggests a potential reversal, indicating a resurgence of buyers in the market. 💥The RSI...
🔍Today, let's focus on Cosmos (ATOM) on the 4-hour timeframe, where it has reached support at $10.714. Concurrently, it's consolidating around this support level while the RSI indicator shows positive divergence, indicating potential bullish momentum. Moreover, the decreasing volume in red candles suggests bullish volume divergence. 📈For long positions, the...
The technical analysis of V-Guard Industries suggests a compelling swing buying opportunity. The reasons are listed below : The stock has successfully breached a significant resistance zone at 270-280, showcasing potential for an upward trend continuation. The presence of a robust bullish engulfing candle on the weekly timeframe, coupled with the stock...
Rallis India , a leading player in the agrochemical sector renowned for its innovative solutions and commitment to sustainable agriculture, showcases promising potential for swing trading amidst favorable technical indicators. Reasons are listed below : After multiple tests in the 270-290 zone, Rallis India has finally breached the resistance, signaling a...
BINANCE:BTCUSDT 🪙 In the daily timeframe, the trend is moving between the ranges of $73,700 and $60,700 in a fluctuating manner. As you can see, the price has experienced a slight increase, and after the increase, it faced a negative reaction from the price range of $71,400 and is currently trading at $65,100. 🔺One scenario we can consider in the daily timeframe...
As we approach the impending halving event in 2024, slated to commence in a month, speculation arises regarding its potential outcomes. Historical data provides insights into recurring patterns, yet uncertainty looms regarding whether past scenarios will manifest once again. We invite your insights: Do you foresee growth or a departure from traditional trends...
Price finally tapped into the HTF value area and immediately retraced and closed with a heavy body H4 candle within structure. I am now looking for a continuation short. Based on the size of the structure the continuation has to be more weighted and therefore in minimum a structured H1 bear-flag. There is still the potential for a trap and price moving higher....
🔍Today, let's analyze Cardano (ADA) on the 4-hour timeframe. After encountering rejection twice at $0.7971, the price experienced a downward leg, retracing to the 0.5 Fibonacci level of the previous wave before resuming its descent to the 0.618 Fibonacci extension, where it currently consolidates. 📉This level coincides with support at $0.5633, and a breakout...
GODREJ CONSUMER PRODUCTS LTD Key highlights: 💡⚡ 📈 On 1 Day Time Frame Stock Showing Reversal of Descending Triangle Pattern. 📈 It can give movement upto the Reversal Final target of Above 1251+. 📈 There have chances of breakout of Resistance level too. 📈 After breakout of Resistance level this stock can gives strong upside rally upto Above 1370+. 📈 Can Go Long in...
AUDCHF is trading in a bullish trend. After the price set a new higher high on a daily, the market retraced to a key horizontal support. This morning, the price formed a tiny cup & handle formation on that. Its neckline was broken after a release of CHF fundamentals. We can expect a trend-following movement now. Goal - 0.59766 ❤️Please, support my work...
Nifty will be gap down opening in today's session. After opening nifty start trading Below 22500 level and then possible downside rally up to 22380 in today's session. in case nifty trades Above 22570 level then the upside target can go up to the 22690 level.
Today will be gap down opening in BANKNIFTY. After opening if banknifty start trading below 47950 level then possible downside rally of 400-500 points upto 47550 Level in todays session.Any Major upside only expected in case banknifty starts trading above 48050 level to 48450 level & this rally can extend another 400 points if market gives breakout 48550 level.
🔍Today, we're analyzing Ethereum/BTC in the weekly timeframe, crucial for understanding Ethereum's position relative to Bitcoin, especially amid the DeFi landscape where Ethereum plays a significant role. 💎Towards the end of 2021, ETH/BTC encountered resistance at 0.08511 and has since been undergoing correction. Upon plotting the Fibonacci retracement, we...
In the dynamic realm of market opportunities, Latent View Analytics emerges as a compelling prospect, poised for an upside rally. Reasons are listed below : After multiple tests at the crucial 500 level, Latent View Analytics is currently positioning for a decisive breakout. Robust bullish marubozu candles, both on the weekly and daily timeframes, signal a...
A potential swing trade in Finolex cables , a prominent figure in the cable manufacturing sector. Reasons are listed below : The stock bounced convincingly from the strong support level of 850, indicating solid buying interest at this price point. A hammer candlestick on the weekly timeframe signals a potential reversal, suggesting a shift from bearish...
NZDCAD nicely respected a recently broken key horizontal daily support. After its bearish violation, an underlined blue area turned into resistance. Testing the broken structure, the price formed a double top pattern on an hourly time frame, giving us an intraday bearish confirmation. We can expect a retracement at least to 0.8136 ❤️Please, support my work...
A potential swing trade opportunity in Cyient , a leading global engineering solutions provider, renowned for its innovative approaches and commitment to sustainability. Reasons are listed below : The stock is currently retesting the significant resistance level of 1800, which historically served as a strong barrier. This retest could indicate a potential...
Hello, The dollar index TVC:DXY started an uptrend from 100.600. After reaching the liquidity zone around 104.900, it faced a correction due to profit-taking by buyers. The correction extended down to the demand zone at 102.300. The index has bounced back from the demand zone and is trading at 104.000. The EMA is moving between the candlesticks, indicating a...