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Technicalindicators

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
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.
NLong
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?
TEducation
by UnitedSignals
4
GBPNZD Long 30m TFDouble bottom on the 30m tf and the 1H tf. Two possible entries: 1) 30M TF: Price retests support before pushing to the upside. Indicator: RSI to test the MA then push to the upside. 2) 1H TF: Double bottom on the 30 min tf & 1 hr tf. Let's see if price will break resistance to the upside and turn it to support. I'd expect a bullish run if that happens. Indicators: RSI: RSI tested MA and might push to the upside. MACD: EMA crossover to the upside.
Long
by PipWisperer
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.
NLong
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.
NLong
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.
NLong
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