Retest-structure
ACHUSDTACHUSDT has given the clean breakout of long term Head and Shoulder pattern. And now the market is retesting the broken level. sellers seems to be exhausted.
if this breakout holds the next upside targets will be 0.03600 followed by 0.0400.
Ethereum: Bullish Reversal Confirmed !!!Ethereum (ETH) has been in a downtrend since November 2021. The price has been respecting the descending trendline and making lower highs and lower lows. However, the price recently broke out above the trendline and formed a three drives pattern.
The descending trendline:
The descending trendline is a bearish pattern that is characterized by two converging trendlines, one connecting lower highs and the other connecting higher lows. The price typically breaks down below the lower trendline, signaling a continuation of the downtrend.
The three drives pattern:
The three drives pattern is a bullish reversal pattern that is characterized by three consecutive rallies, with each rally being higher than the previous one. The pattern is confirmed when the price breaks out above the resistance level.
The breakout:
The price broke out above the descending trendline on March 14, 2023. This breakout was confirmed by the three drives pattern.
The retest:
The price has since retested the broken trendline and held. This retest confirms the bullish reversal and suggests that the price is likely to continue to rise in the near future.
Bullish targets:
The first bullish target is the $3,500 level, which is the top of the descending trendline. Further upside could see the price reach $4,000 or even higher.
Conclusion:
The Ethereum chart shows a bullish pattern. The price has broken out of a descending trendline and formed a three drives pattern. This suggests that the price is likely to continue to rise in the near future. Investors should always do their own research before investing in any cryptocurrency.
BANKNIFTY TRADE OPPBANKNIFTY TRADE OPP
As you can see the BANKNIFTY has broken out the h&S neckline.
now we are in retest phase. if it comes to the neckline and find support of neckline we can see a blast upside.
Same structure is observed in the hdfcbank.
this is not in any means a trade/invest advice. pls consult your fa for any buy sell Reco.
thank you.
GBPNZDGBPNZD has given the clean breakout of long term Head and Shoulder pattern. And now the market is retesting the broken level. sellers seems to be exhausted.
if this breakout holds the next upside targets will be 2.0900 followed by 2.100
EURAUDEURAUD has given the clean breakout of long term consolidation. And now the market is retesting the broken level. sellers seems to be exhausted.
if this breakout holds the next upside targets will be 1.6700 followed by 1.6900
EURNZDIs EURNZD exhausting at resistance zone?
As the price is been on high bull run and broke out of the descending channel but now it seems like price is lacking bullish momentum after reaching at resistance level and bearish divergence( on lower time frame) suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 1.75500.
What you guys think of it?
GBPNZDGBPNZD has given the clean breakout of long term consolidation. And now the market is retesting the broken level. sellers seems to be exhausted.
if this breakout holds the next upside targets will be 2.0600 followed by 2.0800
DXYDXY is trading under the declining trendline . The price is reacting well the support and resistance of falling trendline.
Currently the price is getting support from descending channel and now seems like the bulls are getting ready for some strong upside movement.
If the bulls sustain to upside the optimum target could be 104.3 followed by 104.6
What you guys think of this idea?
EURCADEURCAD has given the clean breakout of long term consolidation. And now the market is retesting the broken level. sellers seems to be exhausted.
if this breakout holds the next upside targets will be 0.8400 followed by 0.9000
UMAUSDTUMAUSDT is trading in falling wedge pattern. The price was reacting well the support and resistance of wedge.
Currently the price has given the massive breakout from falling wedge and after successful retest of the level will be bullish signal and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 6
What you guys think of this idea
XAUUSDXAUUSD was trading in descending parallel channel. The price was reacting well the support and resistance of channel.
Currently the price has given the breakout of triangle and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 2060
What you guys think of this idea?
GODREJCP ready for upside againbreakout at 1085 retest done at 61% retracement level can resume upside
cmp 1131
sl 1045
target 1271
add more above 1145
Aave(AAVE): 200 EMA Broken!!!! Now Where? Coin has broken so compliantly that 200EMA is currently re-testing this same EMA.
As long as this re-test holds its zone, we might see some further movement to the lower zones, but if the re-test fails and moves slightly to the upper zone, we might move towards our upper, smaller resistance that we displayed as "orange" zones!
Swallow Team
Mahindra & Mahindra WEEKLY RETESTM&M at the weekly retest level of W pattern
RSI AND VOLUME NOT favourable
Maruti Suzuki Weekly Retest LevelMaruti Suzuki is at retest zone of w pattern breakout it has given on weekly chart.
RSI not favourable
Volume not favourable
next move or can say confirmation of retest above 10240-10345 levels
SOLUSDTSOLUSDT is trading in symmetrical triangle pattern. The price was reacting well the support and resistance of triangle.
Currently the price is trading at the apex of the triangle and is about to give the breakout of triangle and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 126.
What you guys think of this idea?
RNDRUSDTRNDRUSDT is trading in descending channel and printing consistent LLs LHs. Recently the price is broken the important support zone and now retesting the broken level, which is also the 50% Fib retracement level.
If the sell momentum continues the next target could be 3.00
What you guys think of this idea?
Bullish flag re-test | Swing tradeAt 4H timeframe the bullish flag patter got a breakout.
Now the market is retesting the support 2032.
The swing marked in black is a swing now, if a 1H candle closes above 2045.05 then is a indication of impulse of the swing. The target and SL is marked in the chart.
Risk: Reward ratio 1:2.73
APE BUY SETUPHi Everyone!
APE setup today
APE Analyze ( APEUSDT.P ), 15 Minute time frame ⏰
APE looking good to buy, if you want to BUY APE, you can BUY in RETEST AREA
but, Don't forget set up your trading plan, risk reward
Good luck Guys!
*Follow For More!
*DYOR
BALAMINES:RETESTNSE:BALAMINES is retesting after the breakout. Stop Loss and Targets for the same is given.
NATGASNATGAS was trading in descending parallel channel. The price was reacting well the support and resistance of descending channel.
Currently the price has given the breakout of channel and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 2.8.
What you guys think of this idea?
SWING IDEA - BALRAMPUR CHINIBALRAMPURCHINI seems to be in a very crucial buying zone.
The reasons are listed below :
Stock price tested 411 levels multiple times and finally broke it and it is retesting those levels
again.
Broke the ascending triangle pattern i.e a bullish sign.
200EMA support on daily timeframe.
Stock was in a consolidation phase from last 1.5 years.
Higher high are being formed.
Support formed at 411 levels which was a strong resistance previously.
Target - 462 // 520
SL - 406 on closing basis
