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Advance Enzyme: Prempting a Cup and Handle Breakout!🚀 Advance Enzyme: Prempting a Cup and Handle Breakout! 🚀 Current Market Price: 425 Stop Loss: 330 Targets: 540, 640, 740 Advance Enzyme is on the verge of a significant move, showing signs of a cup and handle breakout. A monthly close above 429 could mark the end of a nearly 2-year consolidation, setting the stage for a big rally. A large wick in the chart suggests that strong momentum could come above 510. Additionally, a clear double rounding bottom pattern on the line chart indicates a potential breakout above 430, supported by the Fibonacci 62% level. 📉 Risk Management: Ensure to manage risk with a stop loss at 330. 📊 Disclaimer: As a non-SEBI registered analyst, I recommend conducting thorough research or seeking advice from financial professionals before making investment decisions. Exciting times ahead! #MarketAnalysis #AdvanceEnzyme #TechnicalAnalysis #CupAndHandle #InvestmentOpportunities #BreakoutTrading
NSE:ADVENZYMESLong
by satyam15
ETH: WEEKLY UPDATE! LINE CHART!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this ETH update. Why ETH can pump in upcoming days? 1) ETH is forming a falling wedge like structure in the weekly time frame and currently trading near the lower trendline of the wedge. 2) The main support level for ETH is at $1700-$1900 level 3) RSI is also forming a big falling wedge and looks like it might go to test the lower trendline in next few days. After touching it we can expect a good bounce. 4) Breaking below the falling wedge and everyone thinks that it's over but in actual it turned out to be a trap and ETH moving an upside rally again. As you now all the altcoins follow ETH price action so when ETH starts it's rally we have seen a mini Alt season as well. Till now wait patiently and try to accumulate good coins in dip. What do you think about this? Do you think we can see a good relief rally in ETH and Alt coins or do you it will continuously dumping. Share your views in the comment section. If you like this idea then do support it with likes and follow. Thank You!
Long
by CoreCrypto1
1
Bitcoin Moon or Hell10 hours has left before BTC's month candle close, while bitcoin is slightly above its crucial support - previous month close - at $38.5k. Fear & Greed index is at 20 points (extreme fear) Nuclear war treats EU parliament crypto bans Inflation Fed threats rising interest rates & many more are holding the markets in uncertainty & extreme fear On the other side, more countries adopt cryptos as a payment method whales like LFG, Microstrategy bought large amounts of cryptos in April BTC and ETH ETFs in Austria USA, UK and UAE are trying to become global crypto hubs & more. In a technical point of view, if bitcoin closes below $38.5k - next crucial stop is around $35k - whole market will collapse. It's probable, but not certain. Alts are riskier, especially for overleveraged traders. It's a bad idea to open longs or short with high leverage in this levels Crisis brings opportunities. Fear & uncertainty in the market are signs to go long. BE CAREFUL that's not a timing indicator. Investing is a probability game. Try for consistency, there is no perfection in this. Not financial advice. Always do your own research.
KRAKEN:BTCUSD
by Rhaonnor
3
BTC's accumulation year has come?Hello, everyone. I hope and you are aware of BTC's 4 year cycle. Exponential high, Correction, Accumulation and Continuation years. In 2013, 2017, 2021 BTC has made every time it's ATH as proving the theory. And after these years in 2014, 2018 BTC went down sharply. And if we pay attention to the theory, 2022 should be bearish year for BTC. As for today I could say that we are in the bearish cycle until 2023 May. I made an analysis in Line chart in order restrict noise. Good luck in trades, buddy. P.S.: Bullish cycle for BTC will come in 2023 June until 2024 December.
by maximleanke
6
THETA/USDT : 175% growth programmed, Moving in a huge triangle !BINANCE:THETAUSDT Hello everyone 😃 Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it ! #THETA is moving in a huge symmetrical triangle since 23th of March. 2021. Now based on Line chart, the target of the breakout confirmation will be $11.382 unit growth and it can lead the pair above $15 ! - Also based on FIB levels, We had the retracement on 0.618 FIB retracement's level and now; The main target for symmetrical triangle is completely matched with the 0.786's FIB extension level. I just put some more targets on the way to save our profits level by level ! Don't forget to maximize your management on smart positional trades. 🔴 Entry has been given as a breakout confirmation and you can set you invalidation as a hold confirmation below $6.5 ! Good-Luck. Hope you enjoyed the content I created, You can support us with your likes and comments ! Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
Long
by Helical_Trades
49
what tells the true story? is it volume? or is it wicks? here i break down the actual sentiment and how to look at price, if considering wicks you will start to get confused because you'll see most times wicks pierce the recent low or high. which is okay however, that doesn't mean that it broke structure (don't get me wrong, maybe on a different TF it did but this is where the confusion comes in). volume tells the real story on what price is doing. wicks just tells you where price went for the time being which creates the high or low of each day, 4h, 1hr, etc. so sticking to volume will help you find the direction of the market much clearer
KRAKEN:ADAUSD
by sakena24
BTC downtrend channel reversal points - line chartHi guys, Switching to the line chart here as there is too much noise in the price action recently. This is the 4-hour timeframe where we see a clearly defined downtrend channel. Now, taking into consideration we are still overall bullish and this is just a simple correction along the way, I can see 2 possible points of a reversal here. First: The current level around $47,300-$47,500, which is our previous low and also a zone with the highest volume activity. This is a good place for bulls to step in. Second: The area around $45,500, which is more or less where the 200-day EMA meets the middle line of the downtrend channel and the weekly open. One step down is the huge demand zone we rebounded from couple of days ago. Best Regards
BITSTAMP:BTCUSD
by FutureBlockchain
4
Reliance at a make or break levelNSE:RELIANCE is at a make or break level. It has respected the lower trendline since a long time, but it now faces strong resistance due to sentimental factors as well as rejection of 2200 psychological level. With the AGR dues hearing not being too favourable for Jio and the final verdict expected on August 17th, Monday's trading session should be quite crucial for RIL to keep its flawless uptrend intact. Historically, the stock has given a fakeout fake out before retracing and then hitting a new ATH after a few weeks. Monday me be one of two things: Fake out. Retracement. Continuation of the uptrend (which may later bring up the discussion about fake out vs break out once again). Adding to the uncertainty, the past week has not seen very healthy volumes, especially on the trendline support. While the trend is not bearish yet, I am not confident about entering fresh longs just yet, especially due to news-based factors.
NSE:RELIANCE
by MarketsWithKR
1
Reliance Line Chart TrendlineProbably one of the steepest trend lines I've drawn so far, but that's to be expected when you talk about a stock like NSE:RELIANCE . Very interesting to see how the trend line hasn't been breached even after the sharp dip we experienced on the day of 43rd AGM. As of now, RELIANCE seems to be thoroughly confused about whether it wants to continue exploring higher levels or find support at lower levels. But this is to be expected by some massive moves that followed the AGM. Intraday moves appear to be fairly range-bound, but based on past performance, this is to be expected before a larger move comes.
NSE:RELIANCE
by MarketsWithKR
Bitcoin's failures to hold above $10,000 on a 2hr line chartTo date, since Bitcoin's all time high price, on a 2 hour line chart, price has failed to hold above $10,000 forty-six times. On five of these failures, price dropped by another 20% or more below $10,000. On two of these failures, price dropped by another 40% or more below $10,000. And on one of these failures, price dropped by more than another 60% below $10,000. Charts based on a shorter time frames and/or of a type other than that of a line chart which uses only closes, would likely show additional failures of Bitcoin to hold price above $10,000.
COINBASE:BTCUSD
by BreckenridgeRealtor
Is Bitcoin Going UP or DOWN Today? Plan for both!Using Line Charts for Clarity Today I wanted to share how you can use line charts for clarity. When checking my work, I often switch to line charts to validate my own thoughts. Today I was analyzing BTC and trying to determine direction from here on the 1HR chart. After I mapped out my thoughts, I switched over the line chart to validate. Why do I do this? To keep it clean. A clean chart is an easy chart and if you can see what you are trading, your chance of success is much higher. I recommend using both line charts and candlesticks to validate one another. We have 2 scenarios playing out for BTC on the 1HR today. Potential LONG: Waiting to break above and close above resistance at 9390 Entry - 9400 Take Profit - 9950 Stop Loss - 9120 R:R - 1:2 Potential SHORT: Waiting for 2 things to happen: 1 - Break down and out of trend line 2 - Break down and close below support at 9140 Entry - 9130 Take Profit - 8570 Stop Loss - 9420 R:R - 1:2.06 Where do you think BTC is going today? Comment below. All trading ideas are my own. Do your own research before entering any trade and manage your risk! This is not financial advice. You do you. Happy Trading!
BITSTAMP:BTCUSD
by glennleese
5