Get started

Chartanalysis

Bitcoin: RecoveryBitcoin recovered and surged back above $67,000 this morning. From a technical perspective, it is quite possible that the price is already working on green wave alt.5. However, only a breakout above the last all-time high at $73,808 will confirm this alternative scenario (40% likely). Primarily, we continue to expect a renewed sell-off into our green Target Zone between $58,655 and $47,012 before the green wave 4 is completed and the rise toward new record highs is on the cards.
BINANCE:BTCUSD
by MarketIntel
#gold cup and handle chart patternAs seen in the chart, there is a strong resemblance between the textbook cup and handle chart pattern formation and the pattern we are observing in the 4H timeframe gold chart. As a result, there is a possibility that after the current bearish corrective move finishes, we might witness another rally to the upside. The only drawback to the chart pattern formation in gold, compared to the textbook example, is that the bearish move has formed a 5-wave impulse rather than a 3-wave corrective abc formation. We could interpret this as an abc zigzag formation, but for this pattern to complete, we need a 3-wave bullish up move followed by another bearish move to complete leg c of an abc corrective bearish move, as illustrated in the chart with an arrow. Let me know if you would like me to publish an analysis in a lower timeframe on this chart to take advantage of this rally.
TVC:GOLDLong
by mohemati
Bullish Bearish Gold #GOLD #FVG #SUPPLYDEMANDCurrent Market Context Recent Trend: A significant downtrend with large red candles indicating strong selling pressure. Support and Resistance Levels: Support: Around 2,377.45 to 2,380. Resistance: Around 2,402 to 2,403.65. Potential Entry Points Bullish Entry Points: Support Bounce (Demand Order Block): Entry: Enter a long position around the support area of 2,377.45 to 2,380, if you see bullish reversal patterns (e.g., bullish engulfing, hammer) or strong buying volume. Stop Loss: Place a stop loss slightly below the support level, for example, around 2,370 to limit potential losses. Take Profit: Target the resistance area around 2,402 to 2,403.65 or previous highs for potential profit-taking. Bearish Entry Points Resistance Rejection (Supply Order Block): Entry: Enter a short position around the resistance area of 2,402 to 2,403.65, if you see bearish reversal patterns (e.g., bearish engulfing, shooting star) or strong selling volume. Stop Loss: Place a stop loss slightly above the resistance level, for example, around 2,410 to limit potential losses. Take Profit: Target the support area around 2,377.45 to 2,380 or previous lows for potential profit-taking. Chart Analysis Given the recent downtrend and strong selling pressure: Bearish Bias: The overall trend appears bearish due to the significant downward movement. Best Entry for Bears: The best entry point for a bearish position would be around the identified resistance level of 2,402 to 2,403.65. Wait for confirmation of resistance holding, such as a bearish candlestick pattern or increased selling volume. Trade Setup Bearish Trade Setup Resistance Area (Supply Order Block): Entry: Around 2,402 to 2,403.65. Stop Loss: Above 2,410. Take Profit: Around 2,377.45 to 2,380. Bullish Trade Setup If you are looking for a counter-trend trade (riskier): Support Area (Demand Order Block): Entry: Around 2,377.45 to 2,380 if there is a clear bullish reversal signal. Stop Loss: Below 2,370. Take Profit: Initial target around 2,402 to 2,403.65. Key Indicators and Confirmation Volume: Look for increased volume at the support/resistance levels to confirm the entry. Candlestick Patterns: Wait for strong reversal patterns like engulfing patterns, pin bars, or hammer/shooting star. Conclusion Best Entry for Bears: Around 2,402 to 2,403.65 (Resistance). Best Entry for Bulls: Around 2,377.45 to 2,380 (Support), but this is riskier due to the current bearish trend.
OANDA:GOLD.PRO.OTMS
by Charl_Van_Zyl
CMS Infosystem Might become your favorite pick of the yearCMS Info Systems Ltd. has shown significant price movement. Recent Performance: The stock increased by 3.18%. Support and Resistance Levels: - Support: ₹502.90 - Resistance: ₹565.25 Moving Averages: - 10 EMA: ₹526.12 Key Financial Metrics: - PE Ratio: 21.75 - EPS: ₹24.74 - Market Cap: ₹8,750 Crores - Recent Earnings: FY 2023-2024 revenue ₹3,250 Crores, with PAT of ₹275 Crores Entry, Exit, and Stop Loss: - Entry Point: Above ₹540 if signs of recovery are shown - Exit Point: Near ₹565 (resistance level) - Stop Loss: At ₹510 Disclaimer - Not a Buy/Sell Recommendation.
NSE:CMSINFOLong
by Trendxinc