Trendanalyse
SOL/USDT 1D ChartI invite you to review the SOL chart in the USDT pair, on a one-day time frame. Let's start by identifying the main downward trend line from which the price came out on top.
Now, using the Fib Retracement tool, expanding the grid from the last price peak, we will determine resistance points and here we can see that the price has returned to the first significant resistance at $68, what's more, when we unfold the trend based fib extension grid, we will see that this level coincides with the level 2.618Fib which is also a very strong local resistance. Only after a positive test of the resistance will the path towards the $104 level open.
Looking the other way, it is also worth defining supports that should hold the price when the correction begins. And here we can see the support zone from $54 to $45, then we can mark the second zone from $38 to $31, and then we can see the price return to the area of very strong support at the price of $21.
Please look at the CHOP index, which indicates that there is a lot of energy for the move, the RSI indicator shows that very small price movements have returned the index to around the middle, which creates room for new increases, while the STOCH indicator is high, which may result in a small recovery.
#NIFTY Intraday Support and Resistance Levels -06/12/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 20870 level and then possible upside rally up to 20990 in today's session. in case nifty trades below 20840 level then the downside target can go up to the 20720 level.
BTC/USDT Short-TermHello everyone, let's take a look at the BTC to USDT chart on a 15 minute time frame. As you can see, the price moved higher from the local downtrend line.
When we unfold the Trend Based Fib Extension tool, we see support at the level of $41,683, while there is also a support zone from $41,250 to $41,022.
Looking the other way, we have visible resistance at $42,153, but when the price overcomes it, we can see an increase to the resistance zone from $42,548 to $42,755.
The RSI indicator has returned to the upper part of the range, which limits room for growth, while the STOCH indicator shows a rebound with room for the price to maintain its decline.
ETH/USDT 1DInterval ChartI invite you to review the ETH/USDT chart on a one-day interval. Here, using the blue lines, we will define the upward trend channel in which the price is fighting to go higher. It is worth remembering that such a positive breakout from the channel often results in a movement close to the height of the channel itself.
In such a situation, we will use the FIb Retracement tool to check potential resistance points, and we can immediately see that the price is currently fighting the first such resistance at $2,241, then we have resistance at $2,566, and interestingly, we can still see a move to the previously mentioned levels after leaving the channel upside, to a very strong resistance zone from $3,028 to $3,601.
However, when the exit level of the channel is rejected, we can see a rebound and for this purpose we will check the support areas in a similar way. Here we have a visible support zone from $1,941 to $1,742, and then we have a second zone from $1,575 to $1,410.
The CHOP indicator shows that there is still energy for a move, the RSI indicator is again approaching the upper limit with room for the price to go slightly higher, while the STOCH indicator shows a strong breach of the upper limit, which may lead to a price recovery.
BTC Long-Term 1DChartHello everyone, I invite you to review the situation of BTC in the USDT pair, taking into account the one-day interval. Let's start by defining the downtrend line that has been broken out with a white line, and then we can mark the uptrend line in the same way. Then, using the yellow line, we will determine the upward trend line, which is at a slightly higher level than the trend line itself.
Looking at the recent dynamic increases, it is worth checking where the price should resist further increases. And here, after deploying the Fib Retracement tool, we have a clearly visible strong resistance zone from $41,335 to $48,294, which is where the BTC price enters. Only when we manage to get out of this zone and positively test it, should the path towards the previous ATH be opened. at $68,488.
At this point, it is also worth checking where the most important support points are in a situation when the market starts to turn and we see a correction. Here you can see possible resistance around $36,000, but much more significant is the strong resistance zone from $37,737 to $28,638, if this zone is broken further we may see equally strong resistance around $25,540.
Let us also remember about the EMA Cross 50 and 200 indicator, which, when turned on, allows us to check the position of maintaining a strong upward trend. It is worth observing this indicator, because in a situation where we start a correction, it can help us determine where such a correction will end.
Please pay attention to the CHOP index, which indicates that the collected energy is used for growth and there is still some left for possible continuation, on the RSI indicator we are again approaching the upper limit, but when we look at the STOCH indicator, we will immediately see a clearly overheated indicator, which may lead to a price recovery.
BTC/USDT 4H - Will BTC start a bigger correction?Hello everyone, let's take a look at the BTC to USDT chart on a 4-hour time frame. As you can see, the price is moving above the local uptrend line.
When we unfold the Fib Retracement grid, we will see a support zone from $38,625 to $37,822, while we still have strong support at $35,614.
However, before we start the above-mentioned correction, we can see that the price is above the last resistance and the next strong resistance is at $41,041.
Looking at the CHOP indicator, we see that most of the energy has been used, on the RSI indicator, similarly to the STOCH indicator, we are moving at the upper limit, which should translate into a stronger recovery in the coming days.
BNB/USDT 4H Interval ChartHello everyone, let's take a look at the BNB to USDT chart on a 4-hour time frame. As you can see, the price is struggling to return above the local uptrend line.
When we unfold the trend based fib extension grid, we can see that the decline was maintained through the support zone from $227 to $225, and further we can see a decline to the support area at $220.
Looking the other way, you can see that the price has been rejected by the resistance at $229.81, and then there is a resistance zone from $232 to $234.
Looking at the CHOP indicator, we see that there is a lot of energy for the upcoming move, on the RSI we are moving in a sideways trend, while the STOCH indicator indicates that the price may go up a little more.
ETC in a pro-growth formation?Hello everyone, I invite you to review the ETC chart in pair with USDT, also on a four-hour interval. Let's start by marking the formation we can see, currently we have one channel created, when a second smaller one is created, it may be the beginning of a pro-growth formation. Next, the white line will mark the local trend line over which we are moving, and the yellow line will mark a downward trend from which the price moved dynamically into a local upward trend.
Going further, we can move on to marking support areas when we start a correction. And here we will mark the support zone from $19.55 to $18.12, but if the price breaks out of it, we may see a return to the area of the second zone from $15.78 to $14.11.
Looking the other way, we see that the price is fighting in a strong resistance zone from $20.20 to $22, and then we have visible resistance at $24.31.
Please look at the CHOP index, which indicates that we have energy for the upcoming move, the RSI indicator shows an upward movement after recovery, which again gives a lot of room for a decline, while the STOCH indicator shows that the upper limit has been exceeded, which causes the growth to slow down and may translate into for the price recovery.
Will ETH break the resistance zone?Hello everyone, let's take a look at the ETH to USDT chart on a one hour time frame. As you can see, the price has moved higher from the local downtrend line.
In order to determine the resistance, we will unfold the Fib Retracement grid and we can see that the price has reached a very strong resistance zone from $2101 to $2133, which has temporarily rejected the increase.
Looking the other way, we have visible support at the level of $2,063, and then we have a strong support zone from $2,012 to $1,986.
The RSI indicator, similarly to the STOCH indicator, shows that the upper limit has been exceeded, which has slowed down the growth and may result in a price recovery.
[INTRADAY] #BANKNIFTY PE & CE Levels (01/12/2023) Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 44550 level then possible upside rally of 400-500 points upto 44950 Level.And this rally can extend for another 400 points if it gives breakout of 45050 level. Any Major downside only expected in case banknifty starts trading below 44450 level.
BTC/USDT Short-Term 1H Hello everyone, let's take a look at the BTC to USDT chart for one hour. As you can see, the price remains on the upward trend line, and locally moves in the downward trend channel.
When we unfold the Trend Based Fib Extension grid, we see that the price remained at support at $37,439, while we still have a strong support zone from $37,148 to $36,781.
Looking the other way, we have visible resistance at $38,125, and then we have a very strong resistance zone from $38,335 to $38,546.
The RSI indicator shows that we are in recovery with room for price declines, while the STOCH indicator shows that the energy for increases is quickly running out, which may drag the price lower.
BNB/USDT Review CHartI invite you to review the chart of BNB in pair with USDT, also on a one-hour time frame. First, we can use the blue lines to mark the downward trend channel in which the price has been moving since the last correction.
In order to check the current support areas, when the correction begins to deepen, we will unfold the Trend Based Fib Extension grid and we can determine the first support for the price at $225, and then it is worth defining an important support zone from $221 to $218.
Looking the other way, we can similarly mark places where the price should encounter resistance on the way up. And here you can see the resistance zone from $230 to $231, which effectively stopped the price increase, while if we manage to break out of it, we have a second zone from $234 to $237.
The CHOP indicator shows energy for the next move, the RSI indicator is recovering with room for a larger correction, while the STOCH indicator is moving at the lower border, which may result in a temporary sideways trend.
Bullish Flag pattern breakout in PVRINOXPVR INOX LTD
Key highlights: 💡⚡
✅On 1Week Time Frame Stock Showing Breakout of Bullish Flag Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 2200+.
✅Can Go Long in this stock by placing a stop loss below 1522-.
Head & Shoulder pattern breakout in M&MMAHINDRA & MAHINDRA
Key highlights: 💡⚡
✅On 1Day Time Frame Stock Showing Breakout of Head & Shoulder Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1715+.
✅Can Go Long in this stock by placing a stop loss below 1545-.
#NIFTY Intraday Support and Resistance Levels - 29/11/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 19920 level and then possible upside rally up to 20050 in today's session. in case nifty trades below 19890 level then the downside target can go up to the 19770 level.
BTC/USDT Short-Term 15MHello everyone, let's take a look at the BTC to USDT chart on a 15-minute time frame. As you can see, the price dynamically moved up from the local downward trend line.
When we unfold the trend based fib extension grid, we will see that we have approached the important resistance level of $38,258, and when the price positively tests it, we can see an attempt to increase towards the resistance level of $39,213.
Looking to the other side, there is a resistance zone from $37,795 to $37,548, and then we have a strong zone from $36,861 to $36,506.
Looking at the CHOP indicator, we see that energy is running out in the short term, on RSI we have exceeded the upper limit, which has slowed down the growth and may result in a rebound, also the STOCH indicator is beyond the upper limit, which may have a similar effect as on RSI.
BTC/USDT Short-Term 1HInterval ChartHello everyone, I would like to invite you to review the current situation of BTC in the USDT pair, taking into account the one-hour interval. First, we will use blue lines to mark the local channel of the upward trend in which the BTC price rebounded from the upper limit, giving rise to a local downward trend.
Now we can move on to marking support areas in case the current correction deepens. And here, first of all, it is worth marking the support zone from $36,763 to $36,305, but when we fall below this zone, we may see a drop to the support level of $34,977.
At this point, it is worth looking at EMA Cross 10 and 30, where we can see a place of confirmation, a return to the local downtrend, where the red line EMA Cross 10 crosses the green EMA Cross 30 from above.
Looking the other way, we can determine resistance locations in a similar way using the trend based fib extension tool. First, we will mark a significant resistance level at $37,797, and then we need to define a strong resistance zone from $38,131 to $38,464
Please pay attention to the CHOP index, which indicates that there is still energy to make the next move, the RSI indicator shows that we have returned to the level where the price bounced several times, changing the upward trend, but in this situation it is clear that a small price movement gave a strong rebound on the STOCH index, which may negatively affect the price.
BNB/USDT 4H ChartHello everyone, let's take a look at the BNB to USDT chart on a 4-hour time frame. As you can see, the price has fallen below the local uptrend line.
Let's start by determining the support line and after unfolding the Fib Retracement grid, you can see a strong support zone from $229 to $217, and then there should be support at $202.
Looking the other way, there is resistance at $253, and then there is a resistance zone from $262 to $272.
Looking at the CHOP indicator, we see that there is a lot of energy for the move, the RSI indicator shows a slight upward movement with room for price declines again, while the STOCH indicator rose to the upper part of the range despite a slight price movement.
BTC/USDT 4HInterval Chart Hello everyone, let's take a look at the BTC to USDT chart on a 4-hour time frame. As you can see, the price is moving below the local uptrend line.
When we unfold the trend based fib extension tool, we will see support at the level of $36,285, and it is worth defining the support zone from $35,716 to $35,465.
Looking the other way, you can see that the price is bouncing off the resistance at $36,751 and then has a resistance zone from $37,391 to $37,873.
Looking at the CHOP indicator, we see that there is energy for further movement, on the RSI indicator we have returned to the middle, which makes it difficult to determine the direction, while the STOCH indicator indicates a trend reversal, which may result in a further price increase.
ETH/USDT Short-Term 4H ChartHello everyone, let's take a look at the ETH to USDT chart on a 4-hour time frame. As you can see, the price broke below the local upward trend line.
When we unfold the trend based fib extension grid, we see support at the level of $1,952, while we still have a very strong support zone from $1,921 to $1,881.
Looking the other way, the price again has resistance at $2012, and then we have a resistance zone from $2051 to $2078.
Looking at the CHOP indicator, we see that the energy is gaining strength, the RSI indicator, despite the recovery, still has room for a decline, and the STOCH indicator shows a downward movement with room for a larger correction.