Sarda energy approaching breakoutKeep and eye on SARDAEN,
Looks good setting up on resistance zone.
Wait for clean breakout.
Personally entered at 1345, will add more if breakout happens.
Z-CASH
🔥 Bitcoin Cash Fighting For The Uptrend: Patience For Break!BCH saw a huge move over the last few days. This could be the definitive trend reversal, but too early to say for now. Personally, I'm going to wait for the price to close above the local high around 229 before considering an entry.
With the diagonal resistance retested as support, it's looking quite bullish. I'm going to use the retest-lows as my stop, Summer high as the target.
Shankara BreakoutShankara has done strong breakout.
Best buy price will be around 770.
Add to watchlist.
Prakash pipe looks goodPPL Has given very strong breakout.
Now waiting for a retest entry.
Keep on watchlist.
ABB Getting ready for next legABB After previous trade again getting ready for next leg if it breakouts.
Keep on watchlist.
Airtel looks good on chartAirtel is looking good.
Has broken out but lacks confidence as per me.
Above 160 close is much needed to perform and sustain breakout.
🔥 BCH Bull-Flag Break Out TradeThis BCH trade is based on the idea that BCH's recent double bottom is going to be the bottom for the foreseeable future, and that BCH will continue it's bullish trend upwards.
Target at 290$, which is historically a very strong area of resistance. Stop below the recent lows.
For a safer trade, you can wait until the price has broken through the top resistance.
Rolex Rings Breakout retestRolex rings doing breakout retest attempt.
Will wait for a good candle to take confirmation and entry.
🔥 Bitcoin Cash Hedging Trade After Huge Bullish MoveBCH has been making crazy gains over the last two weeks. This happened mostly during a period of sideways price action of Bitcoin.
Although the market is very bullish over the long-term, I think it's wise to protect against a sudden dump.
I chose BCH because it has been severely outperforming the market recently, even hitting a daily RSI of 89 at some point. The argument is that BCH has to do some mean-reversion at some point. In addition, once the market starts dumping it can give back all its gains very quickly.
My overall view on the market is still bullish, but building in some protection is never a bad idea.
Bharat bijlee strongWill be taking long position in bharat bijlee.
Deploying 40% of trading allocation amount.
SL 2740
Sundarmfin looks good with small targetsSundarmfin looks good.
Range bound since 8 months.
Wait for clean breakout.
Immediate resistance might be there at 2500 and 2600 levels.
Bitcoin 34min. short Daily Signal is long
BTC Bears Target Sub-$26,000 on SEC v Binance and Ripple Battles
BTC was flat this morning, with regulatory uncertainty stemming from the SEC lawsuits against Ripple, Binance, and Coinbase testing buyer appetite.
The market structure and momentum of Bitcoin was bearish, but its bounce back above $26k gave bears some food for thought.
Bitcoin’s correlation with the S&P 500 turned negative over May. This meant that the index has an overall bullish outlook, but Bitcoin has trended in the opposite direction in recent weeks. The increasing hostility from regulatory bodies in the United States has played a part in BTC’s misfortunes on the price chart.
There was an argument to be made that Bitcoin showed some signs of recovery. Yet, an analysis of the price action showed that the bias remained in favor of the sellers. On the other hand, if Bitcoin climbs to $28k, it could signal an uptrend.
Can the bulls drive Bitcoin past $27.4k next?
The market structure of Bitcoin on the daily timeframe was bearish. The structure shifted on 21 April when BTC dipped below a recent higher low. Since then, the price has trended lower on the chart.
Moreover, the trading volume has been extremely low from April onward, compared to the volume seen in February and March. This was reflected on the OBV as well, which only went slightly lower in May in contrast to the rapid gains it posted in mid-March.
The Fibonacci levels based on the recent leg down show that Bitcoin was likely headed toward $24.8k. The 61.8% extension level at $23.3k was also a target it presented. The price action showed that the $24.2k-$24.4k region could serve as strong support. Beneath that, the $22.4k and $21.5k levels were important.
To signal a bullish shift in the structure, Bitcoin prices must rise back above the recent lower high at $27.4k. Yet, an uptrend would not be established there, as BTC would need to form a higher low and continue higher. Cautious investors can wait for this turn of events before looking to buy.
On Saturday, BTC extended the winning streak to three sessions, gaining 0.67% to end the day at $26,535.
SEC v Binance news delivered a breakout morning session before profit-taking left BTC with modest gains.
The technical indicators turned bullish, signaling a return to $27,000.
On Saturday, bitcoin (BTC) gained 0.67%. Following a 2.92% rally on Friday, BTC ended the day at $26,535. Significantly, BTC enjoyed its first three-day winning streak since May.
A mixed start to the day saw BTC fall to an early afternoon low of $26,202. Steering clear of the First Major Support Level (S1) at $25,523, BTC rose to a late morning high of $26,857. However, falling short of the First Major Resistance Level (R1) at $26,882, BTC eased back to sub-$26,500 and a range-bound afternoon session.
SEC v Binance News Delivered Brief Relief
On Saturday, news of Binance striking a deal to address the SEC’s motion to freeze Binance US assets supported a breakout morning.
Binance, Binance US, and the SEC agreed on a deal restricting access to customer funds to Binance US employees. The agreement prevents Binance Holdings staff from having access to private keys for US wallets.
The SEC filed a motion to freeze the assets of Binance US shortly after filing charges against Binance, Binance US, and Binance CEO CZ.
On Saturday, the US Court signed off on the deal, which allows Binance to repatriate all US customer funds and private keys onshore to nullify the motion to freeze.
While the news was positive, Binance US and Binance face charges that could drag on and further impact the US digital asset space.
Uncertainty toward the SEC v Ripple case remains another headwind, with optimism of a Ripple win fading after the release of the Hinman speech-related docs.
The Day Ahead
It is a quiet Sunday session, with no US economic indicators to provide direction. The lack of external market forces will leave BTC in the hands of the crypto market news wires.
SEC activity remains the focal point, with SEC v Ripple, Binance, and Coinbase (COIN)-related news likely to move the dial.
We also expect market sensitivity to lawmaker chatter. US lawmakers have remained silent on the William Hinman speech-related documents and the SEC charges against Binance and Coinbase.
Bitcoin (BTC) Price Action
This morning, BTC was down 0.05% to $26,523. A mixed start to the day saw BTC rise to an early high of $26,551 before falling to a low of $26,410.
BTC Technical Indicators
Looking at the EMAs and the 4-hourly candlestick chart (below), the EMAs sent bullish signals. BTC sat above the 100-day EMA ($26,269). The 50-day EMA closed in on the 100-day EMA, with the 100-day EMA narrowing to the 200-day EMA, sending bullish signals.
A move through the 200-day EMA ($26,654) would support a breakout from R1 ($26,861) to target R2 ($27,186). However, a fall through the 100-day EMA ($26,269) and S1 ($26,206) would bring the 50-day EMA ($26,059) into view. A fall through the 50-day EMA would send a bearish signal.
Resistance & Support Levels
R1 – $ 26,861 S1 – $ 26,206
R2 – $ 27,186 S2 – $ 25,876
R3 – $ 27,841 S3 – $ 25,221
BTC needs to move through the $26,531 pivot to target the First Major Resistance Level (R1) at $26,861 and $27,500. A move through the Saturday high of $26,857 would signal an extended bullish session. The crypto news wires should be crypto-friendly to support an extended rally.
In the event of an extended rally, BTC would likely test the Second Major Resistance Level (R2) at $27,186 and resistance at $27,500. The Third Major Resistance Level (R3) sits at $27,841.
Failure to move through the pivot would leave the First Major Support Level (S1) at $26,206 in play. However, barring a risk-off-fueled sell-off, BTC should avoid sub-$26,000 and the Second Major Support Level (S2) at $25,876. The Third Major Support Level (S3) sits at $25,221.
AUDUSD SELL | CPI, RBA Gov Lowe speaks | 31st May 2023Fundamental Backdrop
RBA Gov Lowe spoke today
He mentioned "Very Much in Data-Dependent Mode on Interest Rates", "
"Monetary Policy in Restrictive Territory"
This means that the RBA is closely monitoring economic data and could potentially continue increasing interest rates
CPI y/y also increased from 6.3% to 6.8%, this shows inflation is still on a strong rise which can lead to the increase in interest rates.
Technical Confluences
Near-term resistance level at 0.65100
Near-term support level at 0.64150
Idea
Today's speech by RBA Gov Lowe indicates towards raising more interest rates in the future.
Based on previous data whenever the RBA raises interest rates, the AUD rises a few days before it drops.
We could see the AUD head towards the next support level at 0.64150 if interest rates are raised on 6th June.
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Cotton Cash Contract - Rectangle PatternCommodity: Cotton Cash Contract
Introduction:
Hello everyone! Today, we'll be analyzing the Cotton Cash Contract on the daily scale traded on Pepperstone. After a clear downward trend, the contract seems to have entered a consolidation phase, possibly forming a rectangle pattern.
Analysis:
The rectangle pattern we're observing has been forming for around 196 days. The upper boundary of this pattern is approximately at $90, which has been tested three times so far. Meanwhile, the lower boundary is at around $77.50, with two touch points to date.
Currently, the price hasn't managed to cross above the 200 EMA. However, if we observe a breakout above the upper boundary, it would place the price above the 200 EMA, potentially paving the way for a long entry.
Upon a valid breakout, our projected price target would be $100.660, translating into a potential price rise of approximately 13%.
Conclusion:
The Cotton Cash Contract's technical analysis suggests a consolidation phase marked by a potential rectangle pattern. A breakout above the upper boundary might signal a shift to a bullish trend and could provide an opportunity for a long position.
As always, be sure to conduct your own research and risk management before investing.
Thank you for tuning into this analysis. Please like, share, and follow for more insights into the market. Happy trading!
Best regards,
Karim Subhieh
Bitcoin Cash 💶 Analysis #12/50Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
BCH has been stuck inside a big range between the 100.0 support and 150.0 resistance.
Now BCH is approaching the lower bound / support zone so we will be looking for buy setups on lower timeframes
Moreover, the red trendline is acting as a non-horizontal support.
🏹 So the highlighted blue arrow is a strong area to look for buy setups as it is the intersection of the blue 100 support and red trendline.
As per my trading style:
As BCH approaches the lower blue arrow, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
