https://www.tradingview.com/x/hsWkgUdv/ ✅EUR_CAD made a bearish Breakout of the support Cluster of the rising and Horizontal support lines Around 1.5672 and the Breakout is confirmed so We are bearish biased and We will be expecting a Further bearish move down SHORT? ✅Like and subscribe to never miss a new idea!✅ Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Hello, guys Bitcoin has staged an aggressive recovery — but it’s not just any bounce. The move looks to be driven by a classic short squeeze, where extreme bearish sentiment and overcrowded short positions result in a sharp upward spike. This rally has now brought BTC right into a thick wall of resistance, and the next few candles could define the trend for weeks to come. What’s Happening: The short squeeze began after BTC reached heavily oversold levels. As price began to bounce, it forced short positions to unwind — fueling a momentum rally. But the rally hasn’t been supported by sustained demand; it’s been largely reactive. That’s where the caution comes in. BTC is now sitting at a dense confluence of resistance, including - The descending trendline from the broader channel - The 0.618 Fibonacci retracement - The point of control from the recent volume profile - A major price level around $98,300 Why This Zone Matters: Rejections from this area in the past have triggered sharp pullbacks. The fact that we haven’t seen immediate rejection yet raises eyebrows — but without strong volume and a decisive breakout, it’s premature to call this a full trend reversal. If the squeeze loses steam here, sellers could pile back in. The Bullish Case: If price grinds through this zone and closes above $98,300 with sustained volume, the landscape shifts. That level flips from resistance to support, potentially unlocking another leg higher. The Bearish Case: However, if this is just a squeeze without follow-through, expect a rejection to form soon. Watch for signs of slowing momentum, especially lower highs or sell pressure into resistance — classic signals of a local top forming. Final Thoughts: This is a make-or-break moment. The current structure is vulnerable to rapid moves in either direction. If BTC can’t hold this push, it may confirm a local high and set the stage for a deeper correction. But if bulls punch through resistance, momentum could snowball.
Weekly: https://www.tradingview.com/x/BukeNKXh/ -Inverse H&S pattern. Daily: https://www.tradingview.com/x/IHDHFi9o/ -Bullish M pattern. 4H: https://www.tradingview.com/x/8ds138sF/ -Bullish M pattern. -Inverse H&S pattern.
ICICI Prudential Life Insurance Co. Ltd view for Intraday 2nd May #ICICIPRULI Resistance 620-621 Watching above 621 for upside movement... Support area 605 Below 615 ignoring upside momentum for intraday Watching below 603 for downside movement... Above 615 ignoring downside move for intraday Charts for Educational purposes only. Please follow strict stop loss and risk reward if you follow the level. Thanks, V Trade Point
PRESTIGE Estate Ltd view for Intraday 2nd May #PRESTIGE Resistance 1385 Watching above 1387 for upside movement... Support area 1360 Below 1360 ignoring upside momentum for intraday Watching below 1358 for downside movement... Above 1385 ignoring downside move for intraday Charts for Educational purposes only. Please follow strict stop loss and risk reward if you follow the level. Thanks, V Trade Point
WOO ~ 1D Analysis #WOO Buy after successfully penetrating this resistant line with a short -term target of at least 10%+ from here.
Axis Bank Ltd view for Intraday 2nd May #AXISBANK Resistance 1200 Watching above 1203 for upside movement... Support area 1170 Below 1190 ignoring upside momentum for intraday Watching below 1168 for downside movement... Above 1190 ignoring downside move for intraday Charts for Educational purposes only. Please follow strict stop loss and risk reward if you follow the level. Thanks, V Trade Point
XAU/USD is rising towards the resistance level which is a pullback resistance that lines up with the 23.6% and the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 3,275.29 Why we like it: There is a pullback resistance level that line sup with the 23.6% and the 50% Fibonacci retracement. Stop loss: 3,350.60 Why we like it: There is a pullback resistance level that lines up with the 50% Fibonacci retracement. Take profit: 3,168.44 Why we like it: There is a pullback support level that aligns with the 61.8% Fibonacci retracement.
Gap up opening expected in nifty near 24450 level. Currently nifty consolidating in the range of 24250-24500 level. After opening if nifty gives breakout and start trading above 24500 level then possible strong upside rally towards the 24750+ level in today's session. 24250 level will act as a strong support for today's session. Any major downside only expected if nifty starts trading below 24200 level. Below 24200 level downside can goes upto 24000 level.
HDFC Bank Ltd view for Intraday 2nd May #HDFCBANK Resistance 1935 Watching above 1938 for upside movement... Support area 1910 Below 1920 ignoring upside momentum for intraday Watching below 1908 for downside movement... Above 1920 ignoring downside move for intraday Charts for Educational purposes only. Please follow strict stop loss and risk reward if you follow the level. Thanks, V Trade Point