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Nifty Expiry Day Trade Setup (01-June-2023)This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. This is for only for my learning purpose and maintaining my trading journal. Today with gap down nifty fall further for 90 points and gave nice setups. I traded Bank Nifty as at time of trade Bank nifty provided better setup. For last two days with gap up opening nifty was rangebound and today it falls as posted in yesterday that if gap down there might be gap filling which it did today and took support exactly near gap. Today nifty gave range of 90 points from resistance to support. For tomorrow expiry day setup: 1.) If opens flat will look for price to take support near Today's low 18480 if it takes support will buy for target of todays high or resistance of 18580. If breaks below 18480 then will short for target of 18425, then next support 18380. 2.) If opens gap up then wait for price action to form. 3.) If opens gap down then will also wait for price action to form. will look for nearby support or resistance level. As tomorrow's expiry day premiums will erode also might me range bound in today's 90 points if it's range bound then will try to trade within range if good setup is formed. Hit like to keep me motivated for keeping my trading journal as it only take less then few seconds to hit like but it gives me motivation for preparing for my session. Also one can comment on how I can make this trade journal better any improvements I need in it :) .
NSE:NIFTY
by TradeInsights
Daily ETH 4HChart - resistance and supportHello everyone, let's look at the ETH to USDT chart on the 4-hour timeframe. As you can see, the price has fallen below the local uptrend line. Let's start with the support line and as you can see the first strong support at which the price is currently located is $1858, if the support is broken then the next support is $1840, the third at $1816 and then the fourth at $1747. Now let's go to the resistance line, as you can see the first resistance is $1896, if you manage to break it, the next resistance will be $1921, $1941 and $1960. It is worth noting that the price is above the EMA Cross 200, which means it will remain in an uptrend. The CHOP index indicates that there is a lot of energy to be used, the MACD indicates a local downtrend, while the RSI has a strong rebound, so we can see an increase in the price in the coming hours.
by cryptodailyuk
Daily BTC 4HChart - resistance and supportHello everyone, let's look at the BTC to USDT chart on a 4-hour timeframe. As you can see, the price is moving above the local uptrend line. Let's start with the support line and as you can see the first support in the near future is $27659, if the support is broken then the next support is $27461, $27184 and $26837. Now let's move to the resistance line, as you can see the first resistance is $28129, if you manage to break it, the next resistance will be $28509, $28816 and $29113. Looking at the CHOP indicator, we see that the energy is gathering strength, the MACD indicates entering a local downtrend, while the RSI has a rebound, but there is room for the price to go a little lower in the coming hours.
by cryptodailyuk
8
Nifty Trade Setup (30-May-2023)This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. This is for only for my learning purpose and maintaining my trading journal. So today market was sideways with 60 points movement only. Market for only scalpers not for trend followers it was expected as there was big gap up opening and when there is big gap opening do expect sideways price action. As posted yesterday that from price action on 1 Day TF price is moving in rising wedge and today it opened above both horizontal resistances mentioned on chart. (Unable to post yesterday chart i.e. 29-May-2023 due to basic member) Now as gap opening and positive global markets and positive earnings from major companies. This gap might act as good support zone which become flip zone (Resistance turned to Support) Not Expecting any gap downs but still to need as backup plan i will always try to plan my trade setup based on if price opens flat, gap up or gap down. For tomorrow this will be my trade setup: 1.) If opens flat and will wait for break of the Resistance zone of 60 points which formed today with resistance at 18641 and support at 18580. if it breaks one above then i will look for buying opportunities for target of rising wedge trendline 18670 to 18680. 2.) If opens gap up the will wait to form price action or any rejections from rising wedge trendline for target for todays resistance (18641) 3.) If open gap down and today's support of 18580 becomes resistance then will look for shorting for target of 18560,18510. Hit like to keep me motivated for keeping my trading journal as it only take less then few seconds to hit like but it gives me motivation for preparing for my session. Also one can comment on how I can make this trade journal better any improvements I need in it :) .
NSE:NIFTY
by TradeInsights
Bank Nifty Trade Setup (30-May-2023)This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. This is for only for my learning purpose and maintaining my trading journal. So today with big gap up opening price moved between 290 points and price action stayed sideways for almost all day. I avoided trading today because as per my trade setup i wait for 1st 15 min candle. on 5 min TF i could have scalped but i am avoiding it as i always faced losses in scalping sometimes due to broker end or sometimes trade execution. so i will only try to trade on those days where there is good market trend. Now which was resistance zone of 800 points from past 2 weeks broke today and price sustained above that zone today. Now as per change of polarity zone which was one resistance becomes support. Now 44151 will act as good support. For tomorrow setup: 1.) If it opens flat and price sustains for 1st 15 min then will look for buying opportunities for target of Today's High (44483) , 44500. If price doesn't sustains then will look for shorting opportunities for target of 44151. 2.) If opens gap up then will wait for price action to form and if price rejects today's high (44483) then will look for shorting opportunities. 3.) If opens gap down then will look for support 1st which is placed at 44197 (Today's Low) then 44151. If price takes support there and move upwards then will look for buying opportunities for target of Today's High(44483). Hit like to keep me motivated for keeping my trading journal as it only take less then few seconds to hit like but it gives me motivation for preparing for my session. Also one can comment on how I can make this trade journal better any improvements I need in it :) .
NSE:BANKNIFTYLong
by TradeInsights
DOT/USDT 4HInterval Resistance and SupportHello everyone, I invite you to a review of the DOT chart in pair to USDT, on a four-hour interval. First, we will use blue lines to mark the local channel of the sideways trend, from which the price is trying to go up. At this point, however, it is worth paying attention to the EMA Cross 200, from which the price clearly rebounded. Moving on, we can move on to marking support areas when we start a larger correction. And here, the first support is at $5.46, the second support is at $5.40, the third support is at $5.35, and then we have a strong support zone from $5.30 to $5.23. Looking the other way, we see that the price has reached an important resistance at $ 5.50 and to the place of the previously mentioned EMA Cross 200, which so far has no strength to break. However, if it manages to break above, the second resistance will be at $5.60, then the third resistance at $5.73 and the fourth resistance at $5.90. Please look at the CHOP index, which indicates that the energy has been used, the MACD indicates that we are moving in a local uptrend, while on the RSI, after breaking the upper limit of the range, we got a quick price rebound, but further the room for increases is limited.
by cryptodailyuk
Daily ETH 4HChart - resistance and supportHello everyone, I invite you to review the chart of ETH in pair to USDT, also on a 4H interval. First, we will use the yellow line to mark the downtrend line above which the price is trying to stay. Now let's move on to marking the places of support. We will use the trend based fib extension tool to mark supports, and here we will first mark the support zone from $1820 to $1788, then the second support at $1755, the third at $1708. Looking the other way, we can also mark the places where the price should encounter resistance on the way to increases. And here we will also mark the resistance zone which so far the price has no strength to break from $1885 to $1924, if this zone is broken further we have resistance at $1975 and then we can see a strong increase around $2120. The CHOP index indicates that the energy has been used. The MACD indicator is in an uptrend. On the other hand, on the RSI, despite a small correction, we remain in the upper part of the range, which may limit further price growth.
by cryptodailyuk
XRP/USDT 4HInterval check the current situationHello everyone, I invite you to review the XRP chart on the four-hour interval. As we can see, the price has broken the downtrend channel marked with blue lines. Let's start by marking the price support areas and we see that we first have strong support at $0.45, but if the price moves lower, we can mark a strong support zone from $0.43 to $0.42, then support at $0.42 $0.40. Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that the price is currently fighting a strong zone from $0.48 to $0.49. We continue to have a strong resistance at $0.50, once the price breaks it it will move towards the resistance at $0.55. At this point, it is worth noting that the place of the first support is also the point through which the EMA Cross 200 is currently passing. The CHOP index indicates that there is still some energy left, the MACD indicates the continuation of the upward trend, while the RSI goes above the upper limit, which will most likely end with a price correction.
by cryptodailyuk
Daily BTC 1DChart - resistance and supportHello everyone, I invite you to review the current situation on BTC in pair to USDT, taking into account the one-day interval. First, we will use the blue lines to mark the downtrend channel in which the BTC price is moving. Now we can move on to marking support areas in case of deepening correction. And here, in the first place, it is worth marking the support zone from $ 27,462 to $ 26,854, but when we fall below this zone, we can see a drop around $ 26,342, then support at the price of $ 25,830 and even $ 25,148. Looking the other way, in a similar way, using the trend based fib extension tool, we can determine the places of resistance. We will first mark the resistance zone from $27793 to $28294, once it is broken the price has to face resistance at $28934 and then we can see a rapid rise to $30864. Please pay attention to the CHOP index which indicates that we have a lot of energy to move further, the MACD indicator indicates an uptrend, while the RSI is in the upper part of the range with a small rebound.
by cryptodailyuk
8
BNB/USDT SHORTTERM Resistance and Support Hello everyone, let's look at the BNB to USDT chart on a 4-hour timeframe. As you can see, the price is moving above the local uptrend line. Let's start with the support line and as you can see the first support in the near future is $312, if the support is broken then the next support is $310, and then we have a support zone from $308 to $306. Now let's go from the resistance line, as you can see the first resistance is $316, if you manage to break it, the next resistance will be $318 and $320. Looking at the CHOP indicator, we see that the energy has been used, the MACD indicates the maintenance of the local uptrend, while when the RSI touched the upper limit, it gave a price correction.
by cryptodailyuk
1
Daily BTC 4HChart - resistance and supportHello everyone, let's look at the BTC to USDT chart on a 4-hour timeframe. As you can see, the price is fighting for an upward exit from the local sideways trend channel. Let's start with drawing a support line, but here we will first mark a strong support zone from $26541 to $26209, when the price drops below we have another support at $25803. Now let's move to the resistance line, as you can see the first resistance is $27792, if you manage to break it the next resistance will be $28273 and $28966. Looking at the CHOP indicator, we see that the energy has been used in the current increase, the MACD confirms the local uptrend, while the RSI shows that the indicator has crossed the upper limit, which may indicate a rebound in the near future.
by cryptodailyuk
5
Daily ETH 4HChart - resistance and supportHello everyone, let's look at the ETH to USDT chart on the 4-hour timeframe. As you can see, the price is moving above the local downtrend line. Let's start with the support line and as you can see the first support in the near future is $1812, if the support is broken then the next support is $1796, $1782 and $1769. Now let's go to the resistance line, as you can see the first resistance is $1825, if you manage to break it the next resistance will be $1841 and then the third resistance at $1891. Looking at the CHOP indicator, we see that there is energy for further movement, the MACD maintains the local uptrend, while the RSI has a small rebound, which creates room for a future price increase.
by cryptodailyuk
EUR/USD - DO WE KEEP PUSHING DOWN?Hello everyone, what is EUR/USD next move? On higher TF's we see a big push to the downside but eventually the market is getting exhausted. We are waiting till the market makes a pushback to our 0.786 FIB level or just in between the 1 and the 0.7. If the bulls cant keep the market up we should get a push back further to the downside at our lower support zone. UPDATES COMING SOON! All information found here, including any ideas, opinions, views, predictions, suggestions. are for informational entertainment or educational purposes only and should not be construed as personal investment advice.
by BTM-Trading
Daily ETH 1DChart - resistance and supportHello everyone, I invite you to review the chart of ETH in pair to USDT, also on a one-day interval. First of all, using the blue lines, we can mark the uptrend channel in which the price is currently moving. Now let's move on to marking the places of support. We will use the trend based fib extension tool to mark the supports, and as you can see, we have the first support at $1809, the second support at $1767, the third support at $1734, and then we have support at $1703. Looking the other way, we can also mark the places where the price should encounter resistance on the way to increases. And here price is fighting resistance at $1830, next resistance is at $1857, then third resistance at $1884 and fourth resistance at $1923. The CHOP index indicates that there is a lot of energy for the next move. The MACD indicator indicates the transition to an uptrend. On the other hand, on the RSI we see that a small price movement gives visible movements on the indicator, which can quickly reduce the room for further increases.
by cryptodailyuk
Daily BTC 4HChart - resistance and supportHello everyone, let's look at the BTC to USDT chart on a 4-hour time frame. As you can see, the price has broken out of the local downtrend line. Let's start with the support line and as you can see the first support in the near future is $26328, if the support is broken then the next support is $26089 and then $25904. Now let's move to the resistance line, as you can see the price is moving towards the resistance at $26804, if you manage to break it then we can see an attempt to attack the resistance at $27395 Looking at the CHOP indicator, we see that there is energy to continue the move, MACD indicates a transition to a local uptrend, while the RSI shows a visible increase, but there is room for the price to attack the first resistance.
by cryptodailyuk
Daily ETH 4HChart - resistance and supportHello everyone, let's look at the ETH to USDT chart on the 4-hour time frame. As you can see, the price is moving in the downtrend channel. Let's start with the support line and as you can see the first support in the near future is $1806, if the support is broken then the next support is $1766, $1734 and $1701. Now let's move on to the resistances that the price has to overcome and here is the first zone from $1842 to $1861, then the second zone from $1892 to $1915 and then the resistance at $1944. Looking at the CHOP indicator, we see that the energy is gaining more and more strength, the MACD indicates a return to the local downtrend, and the RSI has a strong rebound, which creates room for further increases.
by cryptodailyuk
Bank Nifty Trade Setup (24-May-2023)This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. So today BNF Opened gap up and unable to sustain the gap again as happening from last week and keep in consolidation. From price action this is forming a ascending triangle and price is moving in wave as plotted in chart. Today BNF Took Support near lower trendline and for tomorrow setup i will keep these things in mind: 1.) Price is moving in wave which might move up from this level to the upper ATH level. If opens flat and price sustains i will initiate CE Buy trade. 2.) If opens gap down or doesn't sustain the opening 15 minutes i will Take PE Buy for Next near Support (43730-43700). 3.) If Opens gap up between this triangle i will wait for price action to form and then trade accordingly. Also on Break of this Pattern on either side will be a good move. so will try to have some patience and will not buy aggressively. also will stop loss less than 35 points as if there will be good move even 35 points stop loss doesn't trigger as it does in sideways when there is price manipulation. Hit like to keep me motivated for keeping my trading journal. also one can comment how i can make it better or any improvements i can make in my trading setups or improving this journal.
NSE:BANKNIFTY
by TradeInsights
Daily BTC 4HChart - resistance and supportHello everyone, let's look at the BTC to USDT chart on a 4-hour timeframe. As you can see, the price is moving in the downtrend channel. Let's start with the support line and as you can see the first support in the near future is $26692, if the support is broken then the next support is $26063, $25562 and $25071. Now let's move on to the resistance line, as you can see the first resistance the price is currently fighting is $27380, if it breaks through, the next resistance will be $27744, $28285 and then the fourth resistance at $28934. Looking at the CHOP indicator, we see that most of the energy has been used, MACD indicates entering a local uptrend, while the RSI approached the upper limit, which quickly gave the price a rebound.
COINBASE:BTCUSD
by cryptodailyuk
10