hi, back with another weekend trade, Sharing the trade idea of Lupin looks good recently did breakout easily give 11%+ within couple of week.
After gold hit a high and fell back, the price stopped falling and rebounded at 2584. From the current trend, it is in the upward channel. The hourly trend fluctuated upward along the channel, and the price adjusted under pressure at 2640 to form a double top and fell back. By Friday, the price formed a downward break. The current price is in a narrow range of 2610-2620. If this range breaks up, the price will return to the upward channel again, and it is expected to hit the 2640 line again in the future. However, the overall trend needs to be reversed if the price stabilizes at 2670. If the gold price breaks below 2610, the short-term trend will still follow the previous downward trend and test the 2584 line below. On the whole, gold is in the adjustment stage of falling back from high levels. In the short-term, it will break down and adjust. Pay attention to the momentum in the range. If the subsequent price forms a narrow horizontal movement of 2610-2620, the trend will still be weak, so you can participate in short orders in the rebound pressure 2620-2615 area. On the long side, the price needs to return to the upward channel, test the 2640 line to confirm the trend, and then adjust to 2630 before participating in the long position.
https://www.tradingview.com/x/wsj8Jadz/ My dear subscribers, GBPJPY looks like it will make a good move, and here are the details: The market is trading on 198.39 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 195.23 About Used Indicators: The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK
Tech Mahindra started reversing from double top zone which confluences with BAT harmonic pattern Entry around 1730-1740. SL will be 1800, if price settles above this level in weekly timeframe Can expect price to reach 1560 to 1410 levels.
The valid trend is short on the W/D/H4 timeframes, and we are below the monthly impulse base. A break below the last H4 breakout, in line with the daily counter-impulse base, results in targeting the next daily support very close to the daily target fibo 138.2. ——— Orange lines represent impulse bases on major timeframes, signaling the direction and validity of the prevailing trend by acting as key levels where significant momentum originated. ——— We may not know what will happen, but we can prepare ourselves to respond effectively to whatever unfolds. Stay grounded, stay present. ??♂️ Your comments and support are appreciated! ??
An excellent chart if you are looking for a good entry point into miners' shares.
BTC from BBMA point of view Daily is valid CSAK Sell with clear momentum sell in H4. As for now; H4 is having re-entry sell at its MA High is aiming for lower BB at 93500 in short term.
Xrp for the long term support levels level 1 1.8486 Level 2 1.6759 And de last one must hold is Level 1.3058 The levels to gain Level 2.2003 The level to gain for the moonshot Level 2.6629 Disclaimer: Think carefully before making an investment and never invest more than you could afford to lose. We at legendsoffcrypto do not provide financial advice and are not responsible for any financial loss. The content we offer has purely entertaining and educational value.
In my analysis of Ethereum's 2-hour chart, I’ve identified a symmetrical triangle pattern. This suggests that ETH is approaching a decision point, where we could see a breakout in either direction. The price has been consolidating within this symmetrical triangle, with the upper trendline acting as resistance and the lower trendline serving as support. This kind of pattern typically precedes a significant move, and I believe we are nearing that critical moment. Bullish Breakout: If the price breaks and closes above the upper trendline, supported by rising volume, it could signal the beginning of a bullish move. I'll be watching closely for confirmation from volume and momentum indicators. Bearish Breakdown: Conversely, if the price breaks and closes below the lower trendline with strong selling pressure, it might indicate a bearish move. This could lead to further downside, depending on the broader market conditions. Disclaimer: This analysis reflects my personal observations and is not financial advice. Cryptocurrency trading is inherently risky, and I encourage everyone to do their own research before making investment decisions. In my view, Ethereum is at a critical point on the 2-hour chart. I’ll be closely monitoring how the price interacts with the trendlines and whether volume confirms the breakout direction.
BINANCE:ARBUSDT hits its lowest support area at the 0.4605 area creating a double bottom around the lowest support and a neckline at the 0.6537 level. We have seen the neckline broken and retested almost immediately however, price has come back to same area for a major structural retest. If this holds as a new found support, we just might see price going higher and a 10x is highly possible. Potential buying areas: 0.6537 0.7393 0.8228 I will not just buy at these areas without seeing price action setup indicating the buy opportunity, hence do your due diligence before taking any trade idea Past results does not guarantee future results #ARBUSDT