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BANKNIFTY WEEKLY MARKET FORECASTThe price perfectly fulfills my last idea. The price perfectly fulfills my last idea. Sharp upward momentum seen in last week and price closes 2.50% up comparing to last week closing & #Banknifty made high of 42196 and hit the mentioned targets of 41666 & 41888. As mentioned #Banknifty given move upside as expected and now the level of #43000 is next hurdle for the Banknifty which act as resistance level for the price. we already moved +2900 points from the support level so profit booking can also seen in the price & if price holds it self at upper levels than next targets are 42444/42888 for the upside momentum the upside momentum. Positional traders can trail there SL @41888 level with the view for the upside momentum. The level of 41666 & 41888 now acts as important support for the price. Price can also Retest the mentioned support levels.
NSE:BANKNIFTYLong
by Jha_Nidhi
MACD Indicator | How Does It Work? | Definition & Examples MACD is a technical indicator designed to help investors identify price trends, measure trend momentum, and identify acceleration points to fine-tune market entry timing (whether you’re buying or selling). How does MACD work? The MACD indicator has many moving parts and functions, but it’s made up of three general components: the MACD line, which is the difference between two moving averages; a signal line, which is a moving average of the MACD line; and a histogram. MACD takes the moving average concept a step further. It’s one thing to compare a fast and a slow moving average, but for MACD, that’s only the beginning. First, the MACD line is calculated by subtracting the 26-day exponential moving average (EMA) from the 12-day EMA (i.e., fast minus slow). Why? The calculation is designed to show the relationship between the two averages, and it does so in a way that places emphasis on more recent price data. The signal line is a 9-day (or 9-period) EMA of the MACD line. In other words, it’s a moving average of the difference between two moving averages, or a “slower” version of the difference between a fast and a slow moving average. Why use a moving average of two other moving averages? The signal line calculation “smooths out” the MACD line, creating an even slower moving average that serves as the faster MACD line’s counterpart. How do you read the MACD? Pay attention to the moving averages—the MACD and the signal line—and their relation to the histogram. Note that when the MACD line (the faster moving average) is above the signal line, the bars in the histogram are above the zero line, which is a bullish signal. When the MACD line is below the signal line, the histogram bars are below the zero line, which is generally bearish. What do you want to learn in the next post?
TVC:GOLDEducation
by UnitedSignals
4
BANKNIFTY WEEKLY MARKET FORECAST The price perfectly fulfills my last idea. Good up move seen in last week in the price which leads to moment in the price towards upside and price made high of 41041 and hit the targets of 41000/41222. As mentioned before that #Banknifty trading in the Descending Parallel Channel and now near the upper side of the channel which previously acted as strong resistance for the price but this resistance now getting weak as price tested it 4 to 5 times. So if price breaks the upper channel of level of 41222 and sustain above it than price can sharply move upside and upper targets will be 41666/41888 and above this if price Sustain than we can also reach till the 42888. And if price not able to breaks the upper channel and drop towards the downside and closes below the 40811 than we can see the targets of 40444/40122 towards the downside. 41122 can act as strong support level for the price.
NSE:BANKNIFTYLong
by Jha_Nidhi
TATACHEM near TRENDLINE BREAKOUTWe saw 30% Correction from the All Time High price & The price facing Downward trendline resistance and now very near to breakout level of trendline. If price breaks the level 990 and closes than price will head towards the target of 1015/1040+ & If price closes above the 1055 than we can see targets of 1100/1200+. The Support zone between the 940--920. Price Breakdown below the 920 and closes than target will be 900/870+ Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad.
NSE:TATACHEMLong
by Jha_Nidhi
1
#NIFTY WEEKLY MARKET FORECASTThe price perfectly fulfills my last idea. Strong reversal seen in the price which tends to lead the price towards upside and #Nifty made high of 17638 and hit the target of 17555/17600. As mentioned before that #NIFTY Trading in the Descending Parallel Channel and now near the upper side of the Channel which can act as Resistance for the price and if price breaks this channel and sustain above it than price can move towards upside and targets will be 17888/18055/18200 can be seen in next coming Trading sessions. And If price not able to breaks the upper channel and drop towards downside than we can see down move. Below 17400--17350 only weakness seen in the price.17200--17200 level can act as the support for the price as they previously acted as resistance and if market will drop down than this level can perform as the strong support zone for the price.
NSE:NIFTYLong
by Jha_Nidhi
Upward Trend with Potential Support and Resistance LevelsBitcoin's current price is $28040, and it has experienced a positive change of +0.87% in the past 24 hours. The RSI at 55 suggests that the asset is neither overbought nor oversold, indicating a neutral trend. The Fibonacci retracement levels are essential technical analysis tools used to identify potential support and resistance levels. In this case, the 1-hour timeframe suggests that the key Fibonacci retracement levels for Bitcoin are 27768 (0 level), 27974 (0.5 level), and 28181 (1 level). The current price is above the 0.5 Fibonacci retracement level, indicating that the bulls are in control of the market. The Bollinger bands represent volatility levels and are useful for identifying potential breakouts or trends. The 1-hour timeframe shows the upper Bollinger band at 28125, the lower Bollinger band at 27796, and the middle Bollinger band at 27961. The price is currently above the middle Bollinger band, which indicates that the market is experiencing an upward trend. The volume oscillator at -12.90% indicates a decrease in trading volume, which could potentially lead to price consolidation. However, the MACD at +31 suggests that the bulls are still in control of the market. The Stochastic oscillator at 67.40 is above the oversold level of 20, indicating that the market is experiencing a bullish momentum. Additionally, the EMA 50 at 27996 is acting as a potential support level for Bitcoin. The On-Balance Volume (OBV) at 1.195M suggests that there has been an influx of buyers in the market, which could potentially lead to a bullish trend. The 24h high at 28155 and the 24h low at 27790 indicate a potential price range, with the current price at the upper end of this range. Support Levels: 1-hour timeframe 0.5 Fibonacci: 27974 1-hour timeframe middle Bollinger band: 27961 EMA 50: 27996 24h Low: 27790 Resistance Levels: 1-hour timeframe upper Bollinger band: 28125 1-hour timeframe 1 Fibonacci: 28181 24h High: 28155 If the price of Bitcoin breaks above the 1-hour timeframe upper Bollinger band, it could signal a potential bullish scenario, and the next resistance level to watch would be the 1-hour timeframe 1 Fibonacci at 28181. If the price continues to climb beyond that level, the next significant resistance level would be the 24h high at 28155. On the other hand, if the price of Bitcoin falls below the 1-hour timeframe middle Bollinger band, it could signal a potentially bearish scenario, and the next support level to watch would be the EMA 50 at 27996. If the price continues to decline, the next significant support levels would be the 1-hour timeframe 0.5 Fibonacci at 27974 and the 24h low at 27790. In terms of bullish and bearish scenarios and targets, the bullish scenario would be confirmed if the price of Bitcoin breaks above the 1-hour timeframe upper Bollinger band and continues to climb towards the 1-hour timeframe 1 Fibonacci and 24h high. In this scenario, the potential targets could be 28300 and 28500. Alternatively, the bearish scenario would be confirmed if the price of Bitcoin falls below the 1-hour timeframe middle Bollinger band and continues to decline towards the EMA 50 and potentially the 1-hour timeframe 0.5 Fibonacci and 24h low. In this scenario, the potential targets could be 27700 and 27500.
by MonoCoinSignal
27
Ethereum's Short-term Neutrality Masks Medium-term BullishnessEthereum is currently trading at TSE:1870 level, near the middle Bollinger band of the 1-hour timeframe. Over the past 24 hours, it has seen a marginal increase of 1.19%, and the Fibonacci levels suggest support at 1841 and resistance at 1892 and 1943. The Bollinger bands indicate that the current price is close to the middle band, which suggests a neutral market sentiment in the short-term. The MACD line is currently at +2.08, indicating a bullish trend in the short-term. However, the stochastic oscillator is at 71.65, which is above the overbought zone. This suggests that there is a possibility of a price correction in the near future. The volume oscillator is at -11.78%, indicating a decrease in trading volume in the short-term, which may suggest a lack of momentum in the market. In the medium-term, the EMA 50 is currently at 1867, which is slightly above the current price. This may indicate a bullish bias. The OBV is currently at 3.951M, which indicates an increase in buying pressure. Based on the Fibonacci levels, the support levels for Ethereum are at 1841 and 1810, while the resistance levels are at 1892 and 1943. If Ethereum breaks above the Fibonacci resistance level of 1892 and sustains the upward momentum, it may reach the next resistance level at 1943. If it manages to break above this level, the next targets could be at 2000 and 2200. On the other hand, if Ethereum fails to hold the Fibonacci support level of 1841, it may see a bearish trend. In this case, the next support level could be at 1810, and if it breaks below this, the next target could be at 1700. Overall, while the short-term indicators suggest a mixed sentiment, the medium-term indicators suggest a bullish bias. It's important to keep an eye on both the support and resistance levels and monitor the market closely to make informed trading decisions.
by MonoCoinSignal
17
Potential Support and Resistance Levels Amidst Volatile MarketBitcoin's current price is $27,959, which represents a decrease of 2.26% in the past 24 hours. The Relative Strength Index (RSI) is at 44.5, indicating a neutral stance for the cryptocurrency's market momentum. The 4-hour timeframe shows three Fibonacci levels, with the current price below the 0.5 Fibonacci level at $27,984 and approaching the 1 Fibonacci level at $27,195. The upper Bollinger band is at $28,564, while the lower Bollinger band is at $27,706, and the middle Bollinger band is at $28,135. The volume oscillator is at -25%, while the Moving Average Convergence Divergence (MACD) indicator is at -35. Additionally, the stochastic oscillator is at 18. The Exponential Moving Average (EMA) 50 is at $28,064, which is a technical indicator that suggests a potential support level. The On-Balance Volume (OBV) is at 2.733M, indicating a possible bullish sentiment. The 24h high is at $28,750, while the 24h low is at $27,800. Based on the technical indicators, Bitcoin's price is below the 0.5 Fibonacci level, indicating a potential bearish sentiment. The MACD is negative, indicating possible selling pressure. However, the OBV is positive, indicating a possible buying pressure. The RSI is neutral, suggesting a lack of clear momentum. The EMA 50 is a potential support level, which could prevent the price from falling further. The stochastic oscillator is low, indicating a possible oversold condition. In conclusion, while the recent news suggests a potential bullish sentiment for Bitcoin in the long term, the current technical indicators suggest a possible bearish sentiment in the short term. However, as the cryptocurrency market is highly volatile, it is important to monitor the price action closely and consider multiple factors before making any investment decisions. Solid support: The EMA 50 at $28,064 could act as a solid support level for Bitcoin if the price falls further. This is because the EMA 50 is a widely used technical indicator that can attract buyers and prevent the price from falling below this level. Local support: The 4-hour timeframe 0.5 Fibonacci at $27,984 could act as a local support level for Bitcoin if the price continues to fall. This is because Fibonacci levels are widely used by traders to identify potential support and resistance levels. Local resistance: The 4-hour timeframe upper Bollinger band at $28,564 could act as a local resistance level for Bitcoin if the price rises. This is because the upper Bollinger Band is a technical indicator that can attract sellers and prevent the price from rising above this level. Solid resistance: The 24h high at $28,750 could act as a solid resistance level for Bitcoin if the price continues to rise. This is because the 24h high is a recent high that can attract sellers and prevent the price from rising above this level. Bullish Scenario: If the buying pressure increases, Bitcoin could break above the 4-hour timeframe 0.5 Fibonacci at $27,984, and potentially rise towards the 4-hour timeframe upper Bollinger band at $28,564. If the bullish momentum continues, Bitcoin could break above the 24h high at $28,750 and potentially rise towards the next resistance level at the 4-hour timeframe 0 Fibonacci at $28,774. A sustained move above this level could lead to further bullish momentum and potentially push Bitcoin towards the next resistance level at the 4-hour timeframe 1 Fibonacci at $27,195. Bearish Scenario: If the selling pressure increases, Bitcoin could break below the 4-hour timeframe 0.5 Fibonacci at $27,984 and potentially fall towards the 4-hour timeframe 1 Fibonacci at $27,195. If the bearish momentum continues, Bitcoin could break below the 4-hour timeframe 1 Fibonacci and potentially fall towards the 4-hour timeframe lower Bollinger band at $27,706. A sustained move below this level could lead to further bearish momentum and potentially push Bitcoin towards the next support level at the 4-hour timeframe 0 Fibonacci at $28,774. If Bitcoin fails to hold above this level, it could potentially fall toward the next support level at the EMA 50 at $28,064.
by MonoCoinSignal
16
NIFTY strong REVERSAL candle on WEEKLY TF#NIFTY Strong reversal candle this week & long leg Doji on Monthly Chart after 3 Consecutive months sell-off! If one had read the chart without any bias, the trend on weekly charts was up & not down. Only a break below 16740-50 levels would mean a change in trend to downtrend. The Price perfectly fulfills my last idea and moved towards the upside and also closes above the 17222+ On weekly chart. From the support zone of 16850 price moved towards the upside till the 17380+ with a bullish candle and price closes on positive note on weekly chart in the Friday session. After 3 consecutive red candle on weekly chart we closes in big green candle in the last week. Now the price can head towards the 17555--17600 level to touch the upper downward parallel channel and if price go sideways for 1 or 2 days near the upper hand of parallel channel and than breaks the upper parallel channel and level of 17600 and sustain above it than we can see tremendous move towards upside and targets will 18000/18222+ In coming trading sessions. If price unable to breaks the upper parallel channel and again respects it and face Resistance than we can again move towards the downside till the support level.
NSE:NIFTYLong
by Jha_Nidhi
Bitcoin Technical Analysis, Bullish Momentum vs. Bearish WarningBitcoin's current price is $28240, with a -0.01% change in the past 24 hours. The Relative Strength Index (RSI) is at 59.5, indicating a neutral market. The Volume Oscillator is at +3.90%, which suggests that buying pressure is currently present. The MACD is at +54, indicating a bullish trend. The Stochastic Oscillator is at 76, which is in the overbought region, suggesting a possible reversal. The On-Balance Volume (OBV) is at 1.214M, indicating that buying pressure has been consistent over time. Looking at the Fibonacci levels, we see that the 1-hour timeframe 0 Fibonacci level is at 27199, which is a strong support level. The 1-hour timeframe 0.5 Fibonacci level is at 27850, which is also a support level. The 1-hour timeframe 1 Fibonacci level is at 28501, which is a resistance level. The upper Bollinger band is at 28356, which is a strong resistance level. The lower Bollinger band is at 27570, which is a support level. The middle Bollinger band is at 27963, which is also a support level. Local support: 1-hour timeframe 0 Fibonacci at 27199, 24-hour low at 27200, 1-hour timeframe lower Bollinger band at 27570 Solid support: 1-hour timeframe 0.5 Fibonacci at 27850 Solid resistance: 1-hour timeframe 1 Fibonacci at 28501, 24-hour high at 28444, 1-hour timeframe upper Bollinger band at 28356 Bullish Scenario: If Bitcoin's price can break above the upper Bollinger band at 28356 and stay above it, this could indicate a bullish trend, potentially leading to a breakout above the 1-hour timeframe 1 Fibonacci level at 28501. Additionally, if the MACD continues to stay positive and the buying pressure continues to increase, this could further support a bullish scenario. Bearish Scenario: If Bitcoin's price fails to break above the upper Bollinger band at 28356 and falls below the 1-hour timeframe 0.5 Fibonacci level at 27850, this could indicate a bearish trend. If the Stochastic Oscillator continues to stay in the overbought region, this could suggest a possible reversal. Additionally, if the selling pressure increases and the buying pressure decreases, this could further support a bearish scenario.
by MonoCoinSignal
24
Bitcoin's Key Prices and Possible Scenarios: Bulls vs BearsBitcoin's price is currently sitting at $28400, with a positive change of 1.16% over the past 24 hours. This is a relatively stable position for Bitcoin, but there are a few things we need to take into consideration. Firstly, the Relative Strength Index (RSI) is hovering around 49.88, which means that Bitcoin is neither oversold nor overbought. This indicates that there's not much market enthusiasm for buying or selling Bitcoin at the moment. When we look at the Fibonacci retracement levels for the 4-hour timeframe, we can see that the 0 Fibonacci level is at 28819, the 0.5 Fibonacci level is at 28164, and the 1 Fibonacci level is at 27510. These levels can act as potential support or resistance for Bitcoin's price, but we'll have to see how the market behaves to know for sure. The Bollinger Bands for the 4-hour timeframe show that the upper band is at 28629, the lower band is at 28315, and the middle band is at 28472. These bands help us identify potential breakouts or reversals in price movements. The volume oscillator is currently at -23%, which indicates that there's been a decrease in trading volume for Bitcoin recently. However, the On-Balance-Volume (OBV) is at 1.204M, which shows that there's still more buying pressure than selling pressure for Bitcoin at the moment. Moving on to some technical indicators, the Moving Average Convergence Divergence (MACD) is at 34, which is a positive sign for traders who use this indicator to identify trend changes. The Stochastic oscillator is currently at 13, which is considered to be in oversold territory. This could indicate a potential reversal in the price of Bitcoin. Finally, we have the Hourly Exponential Moving Average (EMA) 50, which is currently at 28321. This can act as another potential support or resistance level for Bitcoin's price. All in all, Bitcoin seems to be in a relatively stable position right now, but there are some signs that things could be shifting. It's important to keep an eye on all of these indicators and consider them together before making any trading decisions. Local Support: The 4-hour timeframe 0.5 Fibonacci level at 28164 could act as a local support level for Bitcoin's price. This level has been tested a few times in the past, and if Bitcoin's price were to drop below this level, it could indicate a shift toward a more bearish trend. Solid Support: The 4-hour timeframe 1 Fibonacci level at 27510 is a solid support level for Bitcoin's price. If Bitcoin were to drop below this level, it could indicate a significant shift towards a more bearish trend and potentially signal a longer-term downtrend. Local Resistance: The 4-hour timeframe upper Bollinger band at 28629 could act as a local resistance level for Bitcoin's price. This level has been tested a few times in the past, and if Bitcoin's price were to break above this level, it could indicate a shift toward a more bullish trend. Solid Resistance: The 4-hour timeframe 0 Fibonacci level at 28819 is a solid resistance level for Bitcoin's price. If Bitcoin were to break above this level, it could indicate a significant shift towards a more bullish trend and potentially signal a longer-term uptrend. Bearish scenario: If Bitcoin's price were to break below the 4-hour timeframe 0.5 Fibonacci level at 28164, it could indicate a bearish trend. If this level doesn't hold as support, Bitcoin could continue to drop towards the 4-hour timeframe 1 Fibonacci level at 27510. If Bitcoin were to break below this level, it could signal a more significant shift towards a bearish trend, potentially leading to a longer-term downtrend. In this scenario, traders may look to short Bitcoin and set stop-loss orders above the 4-hour timeframe 0.5 Fibonacci level. Bullish scenario: If Bitcoin's price were to break above the 4-hour timeframe upper Bollinger band at 28629, it could indicate a bullish trend. If this level holds as support, Bitcoin could continue to rise towards the 4-hour timeframe 0 Fibonacci level at 28819, which is a solid resistance level. If Bitcoin were to break above this level, it could signal a significant shift towards a bullish trend, potentially leading to a longer-term uptrend. In this scenario, traders may look to buy Bitcoin and set stop-loss orders below the 4-hour timeframe upper Bollinger band.
by MonoCoinSignal
38