Asian Paints - don't waste time follow simple approach??NSE:ASIANPAINT
Too much talk about Asian Paints? Retail investors aren't all fundamental analysts and only sometimes have the time.
If you're screening and believe Asian Paints will withstand the competition, focus on that. Trust in the Indian growth story.
Note: I'm not buying or planning to – my focus is on growth. But for super long-term investors, this might be of interest.
Here's what I'm tracking – the 3-month candlestick chart from TradingView.
For heaven's sake, it's business – 3 months give us a fair timeline for price action to show some certainty.
Disc: No investment , no recommendation
#AsianPaints #Investing #TradingView #LongTermInvestment #pwinvest #trading
Chart Patterns
DAX40/ Reversing From (ATH)DAX Technical Analysis:
The price reversed from their ATH, and it looks like now has a bearish momentum as long as trades below the last high level of 20460 especially if breaks below 20360 to continue the bearish trend toward 20020 and 19910.
Otherwise should break the ATH closing 1h or 4h candles above it to be a bullish area toward 20575
Key Levels:
Pivot Point: 20350
Resistance Levels: 20460, 20580
Support Levels: 20360, 20220, 20020
Trend Outlook: Bearish Momentum
#BTCUSD 4H#BTCUSDBTCUSD (4H Timeframe) Analysis
Market Structure:
Trendline Support Breakdown: The price has broken below a previously established trendline support, indicating a potential shift in market sentiment from bullish to bearish.
Forecast:
Sell Opportunity: The breakdown below trendline support suggests that bearish momentum may take over, and further downside movement is likely.
Key Levels to Watch:
Entry Zone: After the trendline breakdown, wait for confirmation of continued selling momentum or a retest of the broken trendline as resistance.
Risk Management:
Stop Loss: Above the broken trendline or recent swing high to limit risk.
Take Profit Zones: Focus on next support levels or Fibonacci projections for potential downside targets.
Market Sentiment:
Bearish Outlook: A trendline support breakdown typically signals that the buyers have lost control, and further downward movement is expected if the price remains below the broken trendline.
#HOT/USDT Ready to go higher#HOT
The price is moving in a descending channel on the 1-hour frame and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at a price of 0.0078
We have a downtrend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 0.002423
First target 0.002543
Second target 0.002695
Third target 0.002844
#DOT/USDT Ready to go higher#DOT
The price is moving in a descending channel on the 1-hour frame and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at 6.60
We have a downtrend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 7.00
First target 7.30
Second target 7.83
Third target 8.43
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BTC/USDT Analysis. Bitcoin is trading within an ascending channel but showing signs of weakness near $95,660. Here's the breakdown:
$90,000–$92,500 remains critical for a potential bounce. A retest of this area could form a double bottom pattern.
$97,500 (minor resistance) and $105,000 (upper channel boundary) are the key targets for any bullish continuation.
A breakdown below $90,000 could lead BTC toward $85,000 or even $77,500 (major demand zone).
Watch for price action near $90,000 for a possible reversal or continuation to lower levels. Volume and momentum indicators will be crucial to confirm the next move.
DYOR, NFA
@Peter_CSAdmin
AUDNZD will soon finish bullish cycle and usher in a sell-off? AUDNZD has been on a 2-year rally for 2 years. However, it appears price is correcting the sell-off in the last quarter of 2022 before the eventual resurgence.
Structurally, a zigzag structure is emerging with (A) and (B) finished as impulse and double zigzag structures respectively. Meanwhile, wave (C) is on the verge of completing an ending diagonal structure. Price is currently in the 5th leg of wave (C) and may continue to 1.12 which is roughly 100% of (A) from (B). So I believe, the sellers may have a chance between 1.12-1.135 in 2025.
Caveats
1. The 4th wave of the proposed ending diagonal could extend lower but should finish above 1.081 to keep the diagonal valid. Thus, buyers can buy lower again toward the zone mentioned above.
2. The (A)-(B)-(C) of ((B)) doesn't correspond in time magnitude with the sharp wave ((A)) impulse decline. Thus, the current rally alternatively could be a leading diagonal. If so, a pullback should happen as expected but shallower (should end above ((A)). Similar path but different counts.
Bitcoin (BTC): Waiting For Final Confirmation!On a daily timeframe we are waiting for that waiting zone to be broken fully and secured by sellers, where as of now we have been just testing the grounds there.
As soon as we see the break of this zone, we will be looking for a further movement to the final correctional movement.
This would be the most ideal setup and if we reach the lower zones near 200EMA, this would be 100% zone where we would buy everything on the way!!!
Swallow Team
#DGB/USDT Ready to launch upwards#DGB
The price is moving in a descending channel on the 1-hour frame and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at a price of 0.0111
We have a downtrend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 0.01234
First target 0.01305
Second target 0.01358
Third target 0.1432
BNB Bull Run Prediction WeeklyBNB is being used widely in the binance platform it self which has pretty big BNB community. Thats a side, price is finally performing a break out after 4 years with 4 rejeceted price levels...
Okay thats great but How can we predict the possible tops? I've used fib levels 1.618 and 2.618 in the chart as u can see.
What if Run Fails?
I don't know if possible but if ever bnb comes to 200 dollars and below there will be insane amount of buying pressure. Possibly Banks and instutions will use that level to push the price back to 1k
This bull run, likely will lead bnb coin to 2x easily, But why it cant do 10x 20x 30x just like before?
Well with the increased market cap, i dont think we will see those old insane profits anymore, especially in big coins like btc solana ethereum xrp and bnb and more.
My analysis is just to look back and see my mistakes. This is just a diary.
BTC Trade Plan Last Week of December Dear Traders,
According my last analysis , BTC dropped from Specified Area (18000$) ,
i Expect price started correction to 2 Area, and next downward movement will be start soon,
"If you enjoyed this forecast, please show your support with a like and comment. Your feedback is what drives me to keep creating valuable content."
Regards,
Alireza!
#DYDX/USDT Ready to launch upwards#DYDX
The price is moving in a descending channel on the 1-hour frame and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at a price of 1.37
We have a downtrend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 1.46
First target 1.57
Second target 1.72
Third target 1.89
Tesla - Breakout level re-test complete. Could launch from hereHello Traders.
Looking at Tesla you can see many things that show Tesla is positioned to launch from here.
1.Previous times on the 2Hr since November when the 20/50 EMA crossed(DeathCross) Tesla went up shortly thereafter. It just crossed again.
2. Tesla recently broke out from ATH... but in the last few days came back down in a much needed cooling off and retested the breakout price and has bounced. This is MEGA bullish in my book.
3. You can clearly see an inverse Head & shoulder as well...
4. Bounced off the 2h 100EMA and Monthly VWAP.
So without even showing other indicators ,which agree as well, You can clearly see Tesla is positioned for another mega bullish run. We could see 500+ by end of Christmas week.. and it heading even higher into the new year.
#EURGBP 1DAYEURGBP (1D Timeframe) Analysis
Market Structure:
Trendline Breakout: The price has moved above a previously established trendline, indicating potential bullish momentum.
Forecast:
Buy Opportunity: The breakout suggests a shift in trend direction, favoring buyers. Further upside movement is expected as long as the price sustains above the broken trendline.
Key Levels to Watch:
Entry Zone: After breakout confirmation or upon retesting the broken trendline as new support.
Risk Management:
Stop Loss: Placed below the trendline or recent swing low.
Take Profit Zones: Focus on upcoming resistance areas and psychological price levels.
Market Sentiment:
Positive Momentum: A breakout above resistance typically reflects strengthening buying interest and potential continuation of the upward move.