Manjyot

Manjyot

BNB has been performing outstanding for some time now. Also as predicted in out earlier Idea that BNB could potentially touch new ATH. However what is interesting to see here is that BNB could form a potential Head and Shoulders pattern, if it manages to touch the Neckline. Neckline is till below its usual upward moving channel. However if BNB breaks lower part...

Manjyot

CHZ has been moving in a descending Triangle for some time now, and all this while it hasn't attempted to touch the upper Trend LIne (Black) of the Triangle . At the much small time frame, we can see that CHZ is moving in a downward parallel channel. Also EMA 25 is working as a Resistance which states that CHZ would need bit of fight before moving back up. Also...

Manjyot Updated 

BNB has been moving at an impressive speed over the past couple of weeks and it has touched its new ATH in April. BNB is moving in an upward parallel channel, however post touching its ATH it has not tried touching it again. Instead it has settled for 352, which indicates it might be heading for a downward trend. However it is too early to say, if BNB is...

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On a 4 hour time frame, it is clearly visible that VITE is moving in an upward trend. On a much smaller time frame we could see that VITE, after scoring a ATH close so 0.249, is now struggling to a bit. Currently it is being supported by EMA 25 and hopefully it will continue to do so. If EMA25 misses to support VITE, then we might have to be ready for a...

Manjyot

Going back in Mid March, when HOT was under consolidation for more than a week, post which it decided to launch and looks like now it is almost nearing the peak. Overall, Hot is definitely moving in an upward trend (Two black parallel lines) and within that channel it has also formed another upward parallel channel (yellow area). Going by this pattern, HOT could...

Manjyot

AAVE is moving in symmetrical triangle and since 25th March, after touching S2, it bounced back and is now moving in an upward trend. What would be interesting to watch is if it continues to move in the same upward channel. So far EMA 25 is working as support. Looking at the trend there are couple of possible scenarios Scenario 1 - AAVE to move in an upward...

Manjyot Updated 

Pattern: Double Top Direction: Descending Parallel channel Trade Type : SHORT ONE has been travelling in an descending parallel channel and looks like it has formed a double Top. It hasnt completed the Double Top yet, but it is almost close to the neckline. Would be interesting to see if it can break the neckline to fall further down. If you like my analysis,...

Manjyot

FILUSDT since the drop on 2nd April, had formed triple bottom and have successfully crossed the neckline. Now what we have is a Symmetrical triangle , with the Resistance line (RED) yet to be validated. Scenario 1 - Mostly FILUSDT should break its Resistance at 194. If it manages to break , then next target should be 203. Scenario 2- If it is not able to...

Manjyot Updated 

Overview Adding one more idea in support of my earlier published idea where in coming weeks we could see ADA challenging its rival Resistance level at 1.47 zone. Until we reach to that point, sharing a short term opportunity that we all can be benefit from. Trend On a 4 hourly chart, ADA is moving in a descending parallel channel (RED lines) and on a much...

Manjyot Updated 

ETH is on the recovery route and is again heading to break the Resistance between 1858-1860. If it manages to break the Resistance then next Target should be 1880 and 1962. Lets see if it manages to reach those level now after so much of fight. If you like my analysis then please LIKE and leave your COMMENTS. Also SHARE with other traders who you think will be...

Manjyot

Chart Frequency: 4 Hour Chart Pattern: Ascending Triangle Current FIB Retracement: 0.618 On a 4 hour chart, ONE is moving consistently in an ascending triangle. Going by the pattern, Support line is well protecting it from dropping, which is a good sign for ONE. Also it is currently resting on 0.618 of FIB Retracement , which is another sign that it will bounce...

Manjyot

DENT has been moving in an descending triangle for sometime now. EMA 25 which was until now working as support has now working as Resistance, which is a good sign of it moving downwards. May be in couple of days we might witness a potential breakout close to 0.0095613. Post that it would be hard to stop this heavy metal from dropping. This will open...

Manjyot

XRP is moving in symmetrical triangle for almost 2 months now. Post Mid April, we might witness a potential breakdown to the south. On a 2 Hour chart, Similar pattern was built last year between Nov - Dec and when it broke it fell for more than 40%. So if the history is to be repeated, then get ready to make extra space in your bank accounts. If it moves to...

Manjyot

Finally ONE decided to take some rest after super Bolt performance. Now what we have is SHORT opportunity. EMA 25 is working as Support. So keep an eye on EMA 25 for a push back. MA 8 is below EMA 25 which is also a good sign that it will continue to fall further. The moment you see MA 8 above EMA 25, stop, wait and then act. If it continues in this trend, then...

Manjyot

On a 4 hour chart, ADA has formed head and shoulders pattern. Though ADA is still trying to recover from Bitcon's fall earlier today. But doesn't looks like it is over yet. There are two scenarios that are possible. Scenario 1, ADA to continue to recover and continue in same parallel channel. But this looks unlikely at this stage Scenario 2, There is higher...

Manjyot

On an hourly chart, SXP shows an upward trend. It has already touched its Resistance point at 5.3 and now moving down. Mostly it will come down to its usual support level close to 4.18. If it does, then my entry will be close to 4.3 with stop loss at 4.083. At its first Resistance level look for a profit of 10% and if breaks R1, then get ready to bank additional...

Manjyot

ADA/AUD decided to rest up in the sky after crazy hike in last 2 days.. Watch for opportunities close to Green Support line. Going by rumours it can touch $2

Manjyot

LYC is just on the verge of breaking its resistance at 6.40. So there are two possibility. Either it comes down to 6.30 and bounce back to break R1 or break R1 in sometime. Jump before you are lateies