Was bullish at C and the take profit objective was reached at D. The CD leg is a 1.618 extension of the AB leg. Looking for a sell if the top Gann resistance holds, target will be at least a 38.2% retracement of the bullish swing. Looking for a coiling pattern to validate a buy when Gann resistance is broken to continue bullish move up. Always Trade What You See and practice good money management...?
I might look for sells till my long trade entry point, I had predicted the bullish move 2-3 weeks before and its going to happen
ADBE has broken below the 200W and 50M EMAs. Further downside can be expected at this point with a potential bottom being at the 0.618 fib level, which is also around the 100M EMA. A short entry would present itself should price recover to fill the gap around $493-$517 PT: $370-$380 Should price not reach the target, a bottom can be confirmed if the 5D, 10D, and 20D EMAs flip bullish
Devyani International Ltd. Forming a CUP Pattern in Daily Timeframe. 50-day SMA crossed 200-day SMA from below. Within 52 week high zone. Outperforming Sectoral Index. Making Higher Highs for 2 days. Disclaimer: For educational purpose only. Please do your own research before taking any trades. Happy Trading!
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
In the weekly time it has had two failures But the green line was too important for me to break Now it has a small resistance in the red box
Price currently sitting at a confluence of horizontal resistance, diagonal resistance, 200EMA. Breakout above the confluence,rally to the upside,?? Breakdown of structure price will retrace to the downside.
At the time of writing, Bitcoin is trading at $97,839, down 0.38% on the day. The overall trend appears to be downward, as evidenced by the series of lower highs and lower lows on the chart. There is a clear horizontal support level around $97,000, where the price has found support multiple times in the past. On the other hand, there is a resistance level at $99,000, which has been difficult for Bitcoin to break above. Given the current technical picture, it is possible that Bitcoin could continue its downward trend in the short term. However, the strong support level at $97,000 could provide some resistance to further downside. If Bitcoin manages to break above the resistance level at $99,000, it could signal a potential reversal of the downtrend. Short-term traders could consider shorting Bitcoin at the current price with a stop-loss above $98,000. Long-term traders could wait for a break below the support level at $97,000 before entering a short position. It is important to use appropriate risk management techniques, such as setting stop-loss orders and limiting position size, to protect capital. This analysis is for educational purposes only and should not be considered investment advice. Please consult with a financial advisor before making any investment decisions. It is also important to consider fundamental factors, such as regulatory developments, market sentiment, and macroeconomic conditions, when making investment decisions. Keep an eye on any news and events that could impact Bitcoin's price, such as regulatory announcements, major conferences, and tweets from influential figures. The technical analysis suggests that Bitcoin is currently in a downtrend. However, the strong support level at $97,000 could provide some resistance to further downside. Traders should use appropriate risk management techniques and consider both technical and fundamental factors when making investment decisions. Note: This analysis is based on the provided chart and may not reflect the current market conditions. Please refer to real-time charts and data for the most up-to-date information.
BINANCE:ADAUSDT ADA/USDT: Potential Reversal with SMC and ICT Strategies Analysis: The chart shows the ADA/USDT pair on a 4-hour timeframe, published on TradingView. The chart is rich with technical indicators and annotations, including price action, Smart Money Concepts (SMC), and ICT Elliott Wave strategies. Price Action and SMC Analysis: Break of Structure (BOS): Multiple BOS points are marked, indicating significant shifts in market structure. Change of Character (ChoCH): Several ChoCH points are noted, suggesting potential reversals or shifts in trend. Volume Profile: The volume profile on the right shows high trading activity around the 1.0736 level, indicating strong support/resistance. ICT Elliott Wave Analysis: The chart shows a descending channel with multiple touchpoints, suggesting a corrective wave pattern. The price appears to be breaking out of the descending channel, indicating a potential bullish reversal. Indicators: RSI: The RSI is currently at 74.65, indicating overbought conditions but also suggesting strong bullish momentum. Volume Oscillator: The volume oscillator shows a recent spike in buying volume, supporting the bullish breakout. Buy Strategy: Entry: Enter a long position at 1.0736, which is a key support level and the point of breakout from the descending channel. Take Profit (TP1): Set the first take profit at 1.1194, where there is significant resistance as indicated by the volume profile. Take Profit (TP2): Set the second take profit at 1.1542, the next major resistance level. Stop Loss (SL): Place the stop loss at 1.0736 to minimize risk in case of a false breakout. Follow @Alexgoldhunter for more strategic ideas and minds Sell Strategy: If the price fails to hold above 1.0736 and breaks back into the descending channel, consider shorting with a target back to the lower boundary of the channel. This analysis combines price action, SMC, and ICT Elliott Wave strategies to provide a comprehensive trading plan for ADA/USDT.
Btcusd want sell zone at 97k$ and its technical target is 93k $ reason its reject their resistance zone