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XRP Road MAPPrice Levels and Resistance Lines: The chart shows several horizontal resistance lines at different price levels such as $0.6025, $0.6135, $0.7915, $1.0260, $1.3437, $1.9716, and $4.1853. These lines are likely previous support and resistance levels where the price had significant interactions. Trend Lines:There are yellow downward and upward-sloping trend lines indicating bearish and bullish trends, respectively. The price has broken out of these trend lines multiple times, indicating shifts in the market sentiment. Pattern Formation: The chart shows a large triangle pattern with converging trend lines, suggesting a potential breakout. Smaller triangular patterns within the larger trend indicate periods of consolidation before the breakout. Measured Moves: Two measured moves are highlighted with blue rectangles, both showing a substantial 932.15% increase. These moves are indicative of significant upward momentum. The first move shows a price increase from approximately $0.19 to $1.97. The second projected move indicates a potential price increase from around $0.60 to the $4.18 target. Volume: The volume bar at the bottom indicates trading activity. Higher volume during breakouts and significant moves suggest stronger momentum. Current Price Action: The current price is around $0.6026, and it recently broke out of a consolidation pattern. The breakout suggests a bullish trend with potential targets at higher resistance levels. Key Observations: Support Levels: Around $0.59, $0.53, and $0.43. Resistance Levels: $0.6135, $0.7915, $1.0260, $1.3437, $1.9716, and $4.1853. Trend: The recent breakout suggests a bullish trend, with potential significant upward movement if momentum continues. Conclusion: The XRP/USDT pair appears to be in a bullish phase, with potential targets at higher resistance levels. Traders should watch for confirmation of the breakout and volume to gauge the strength of the move. Monitoring support and resistance levels will be crucial for making informed trading decisions.
Long
by alemicihan
3
BORORENEW: A Correction on cards?- All the necessary pointers are on the chart. We are trying to keep things short and simple. if you like this concept, give us a boost/Comment to let us know. For those who need a writeup, Here's a quick one: - Until the resistance zone is broken, Going long may trap investors in a consolidation phase. - MACD is all up for a bearish crossover - Price trades below 200 EMA on Daily - Given the long wick rejection and a breakdown of the consolidation zone, If buyers fail to revive the price, we may see a correction phase until the support zone is tested. - The shot up EPS further weakens the fundamentals What you do think will happen? Have Insights or Questions? Let us know in the comments below.👇 While you do that, how about a boost for some motivation🚀 ⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
NSE:BORORENEW
by TheChartereds
4
WIPRO: Out of the shell ?- The chart is pretty self-explanatory but here is the gist: - 10 months of pure sideways consolidation (I get it. Wipro tested Investor's patience, the most) - Breaks the support only to reverse back into the range, trapping sellers - On the verge of breaking its range for the cage-free price momentum - Also, the Indian IT sector is approaching its critical resistance for the third time. (link in the comment section) - Don't let the analysis end here! Boost, comment, and follow for more such insightful posts ⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
NSE:WIPROLong
by TheChartereds
Bitcoin(BTC/USD) Daily Chart Analysis For Week of July 19, 2024Technical Analysis and Outlook: Bitcoin has consistently demonstrated an upward trend in the current week's trading, aligning with the projections outlined in the Daily Chart Analysis for the Week of July 12. Both the Mean Resistance level at 60400 and the subsequent Mean Resistance level at 62800 were not only reached but surpassed greatly. The overall trajectory is progressing towards the long-anticipated target of the Outer Coin Rally at 92000. Concurrently, two significant interim milestones have emerged: the Inner Coin Rally at 70400 and a retest of the completed Main Inner Coin Rally at 73300. It is imperative to underscore the substantial downward primary squeeze pressure toward 64000, prevalent across all specified upper target levels.
BITSTAMP:BTCUSD
by TradeSelecter
Investment or Trade Mindset With ExampleNow looking to this chart, if we have long term vision then my question is "How long ?" and "Why Long?". Many of you are already familiar with technical or fundamental analysis but my point is how to discriminate your mind into two half for a same script or same sector. Coming to the solution: Let's know about benefits -"FAYDA". If we can then we can ride long term and short term both and by hypothetical calculation it will shock will brain like anything else. Personally I have no interest to be biased for long term or short term. I can see only "Munafa" means profit. It's very simple. Step 1: For long term holding hold the script in account "A" And for short term use different account "B" Step 2: Well Define your long term system and short term system and place it in-front of your working table or place. Step 3: Even for analysis use two different drawing. Step 4: Even after doing these all your mind will disturb you. Just take a break of your screen by placing alert on your system. I hope this can help you. Kindly let me know something that I can discuss and share with you. In this way I am also learning. Thank you for reading.
NSE:INFYEducation
by dipanjanxsamanta
1
MTR => Mesa Royal Trust => Potential long term investment opp.Stock and Timeframe: The chart is for "Mesa Royalty Trust (MTR)" on the 1-week (W) timeframe, which provides a long-term view of the stock's price movements. Current Price: The current price is shown as $8.20. Trend Lines: A downward yellow trend line is drawn, indicating a long-term downtrend. The price has broken above this trend line and seems to be retesting it as support. Support and Resistance Levels: Support Levels: Around $8.20 (current price). Around $7.75 (a lower support level if the current support fails). Resistance Levels: $19.87: This level is identified with a red horizontal line. $35.34: Another significant resistance level marked with a red horizontal line higher up. Price Targets and Potential Moves: There are two significant potential price targets indicated: First target: $19.87, with an expected gain of 156.26%. Second target: $35.34, with an expected gain of 375.39%. Annotations: The chart mentions "retest," indicating that the price is currently retesting the previously broken trend line. This is a critical point to watch, as a successful retest could signal a continuation of the upward move. Volume: The volume bar indicates a significant increase in trading volume, which is a positive sign for the bullish trend, confirming the price movement's strength. Summary: Bullish Signs: Break above the long-term downward trend line and retest. Strong volume supporting the price movement. Significant upside potential with targets at $19.87 and $35.34. Watch Points: Successful retest of the trend line is crucial. Failure could mean a return to lower support levels. Resistance levels at $19.87 and $35.34 will be critical to watch for potential profit-taking or further bullish moves. Strategy: For long-term investors, this setup presents a potential buying opportunity with considerable upside. For short-term traders, monitoring the retest and volume closely will be key to making informed decisions. By keeping an eye on these critical levels and market behaviors, traders can make more informed decisions about their positions in Mesa Royalty Trust (MTR).
NYSE:MTRLong
by alemicihan
Dabur: Resistance Zone !Hey There, - Like always, The chart is self-explanatory. - We saw a triangle breakout which happened very close to a crucial resistance zone that acted like one. - This is one previous support that turned crucial resistance - Previously, the price has fallen 3 times after testing this level. The fourth time's a charm? - We see a good consolidation at the resistance zone since the breakout - NSE:MARICO sustained similar consolidation to fly high whereas NSE:HINDUNILVR failed to break it. - What will DABUR do? Have Insights or Questions? Let us know in the comments below.👇 While you do that, how about a boost for some motivation🚀 ⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
NSE:DABUR
by TheChartereds
EaseMyTrip : Difficult Trip ahead?- EMT has been one of our star investments right from its IPO in March 2021. - After giving 400% returns, It seems to have settled down in a comfortable range for almost 16 months now - Yes, It is in the news for acquiring new companies and opening franchise stores. But, the latest news of the promoter selling his stake was a weak hand move. The holding went from 75% to 71% approx. - Once a company has rallied so much, It becomes important to justify the pricing i.e. through a good EPS. The company struggles here as the PE stands at about 50. At its All time high, it was as high as 90. - Also, the stock is trading at 18.2 times its book value. - Technically, It has been consolidating. Lately, It broke the consolidation on the downside and is now testing the support ultimatum for the third time in the last 4 months. The resistance trendline too is a strong acting resistance. - A break of the support ultimatum may open doors for a downward momentum. What you do think will happen? Have Insights or Questions? Let us know in the comments below.👇 While you do that, how about a boost for some motivation🚀 ⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
NSE:EASEMYTRIP
by TheChartereds
1
HCL: To break or not to break? ️‍🩹Here are some pointers for HCL: - HCL recently broke its range and the final resistance trendline. - The breakout was quite close to a resistance zone. A bearish engulfing prompted selling, but retest and continuation potential remains. - A retest candle with a long lower wick signifies bullish sentiment. Notice the price sustained over the trendline. - Your support means a lot to us. Do consider boosting this Idea. - A Sustained close above the resistance zone can pave the way for HCL's upward movement. - Also, the Indian IT sector is approaching its critical resistance for the third time. (link in the comment section) Caution: When the bull runs, everything seems Green. Being cautious always pays well. Remember, you will be buying the top. Don't let the analysis end here! Boost, comment, and follow for more such insightful posts. ⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
NSE:HCLTECHLong
by TheChartereds
BTC is forming flag for another dip?Heyyy traders! Here are some thoughts on Bitcoin: As we can see, it seems like we are forming a bearish flag 🥵. Additionally, the volumes are diverging, meaning they are falling while the price is growing. Another confirmation for a dip is that we didn’t see a buyer's reaction from the important level around 0.618, and the movement is really weak. So, most likely, we can touch the zones of the previous support around 51k or even lower, around 48-49k. What's your thoughts guys?
BINANCE:BTCUSDShort
by SheTradesHub
XAUUSD reserves increased ahead of today's CPI💵GOLD PRICE AND ECONOMIC INFORMATION Gold rose near $2,375 per ounce on Thursday, rising for the third straight session, as investors await US CPI data due later today to seek cues on the Federal Reserve's timing and depth of interest rate cuts. The annual CPI inflation is expected to ease from 3.3% to 3.1% in June, while the core CPI is anticipated to remain unchanged at 3.4%. 🔴SELL GOLD: 2390 - 2400, SL: 2404 🟢BUY GOLD: 2340 - 2338, SL: 2334 ⛔️Breakout: top border 2387 - 2390 - 2403 - below 2370 - 2365 - 2355 🔼Support: 2365 -2355 - 2350 - 2340 - 2335 🔽Resistance: 2387 - 2395 - 2400 - 2410 - 2414 GOOD LUCK EVERYONE👍
OANDA:XAUUSD
by Scalper_Ananda
Bitcoin at a Critical Level: What Investors Need to KnowBitcoin ( BITSTAMP:BTCUSD ) is currently at a crucial juncture. The 3-month chart suggests that if Bitcoin drops below the $50,000 level before moving above $70,000, we could see further downside, potentially to the $40,000 - $35,000 range. Election Impact This potential scenario might coincide with the upcoming election, which could have a significant impact on market sentiment and liquidity. Political events often introduce volatility and uncertainty, affecting investor confidence and market stability. Investment and Trading Strategy For investors, a potential dip to the $40,000 - $35,000 range presents a buying opportunity. However, traders should consider hedging their positions to profit in case of further declines. This approach can help manage risks and take advantage of market fluctuations. Long-term Outlook Over the next 6 to 8 months, these market dynamics could lead to increased buy-side liquidity and higher prices. This period of stabilization might create a more favorable environment for Bitcoin and other cryptocurrencies. Conclusion While the short-term may bring challenges, particularly due to the election, the long-term outlook remains positive. Investors and traders should prepare for potential short-term declines but remain optimistic about increased liquidity and higher market prices in the future.
BITSTAMP:BTCUSD
by moneymagnateash
PVR has reached its cheapest price ever PVR has fulfilled his overvalued price. 40% reduced from all time high and this is too much cheap in nature. DO SIP or invest doesn't matter, do whatever you want Fair value has come and we may invest now . 1st target will be around 18% and 2nd one is 28%. ENTRY PRICE 1340 TARGET 1 1590 (18%) TAEGET 2 1720 (28%) BACKUP PLAN if you will have some profits in your hand you should CREATE TRAILING GTT order to breakeven or COST TO COST entry price. don't be so greedy. see you soon
NSE:PVRINOXLong
by GaganParida
Rajratan reached its fair market value. Buy now Hi guys. Rajratan came to fullfill his overvalued price DEVIATION. This is cheapest price ever but if market goes further down you may average buy dip to make profit further. ENTRY PRICE - 560-450 AVERAGE PRICE - 300-200 TARGET 1 - 800. Either book 50% profit here TARGET 2 - 980 Then you may book 80% now BACKUP PLAN - If you have some profits in your hand. Set GTT ORDER SL TO BREAKEVEN POINTS, EXIT IN COST TO COST PRICE VALUATION.
NSE:RAJRATANLong
by GaganParida