Bitcoin has formed a descending triangle pattern, with a false breakout occurring earlier at the lower support level. However, we are currently observing a bullish breakout along the trend line, as anticipated last week for BTC. If this breakout garners sufficient bullish sentiment and volume to establish robust momentum, it could signal a continuation of the...
MCD has formed a bearish flag pattern, suggesting a potential decline towards the daily support level. It's prudent to await confirmation of a bearish breakout from the flag pattern before considering any further action.
AXISBANK has broken out bullish from a bearish channel, suggesting a potential rally ahead. Additionally, there's a chance of an inverted head and shoulders pattern forming. However, confirmation of this pattern requires waiting for a bullish breakout at the key level.
The NIFTY50 has indeed followed the projection I made last week, confirming the breakout on the channel we identified. Now, I anticipate a continuation of the bearish trend towards the lower support level. This retracement should provide a significant pullback from the current bullish momentum observed on the hourly timeframe.
The US30 has formed a compelling harmonic pattern, displaying a distinct W pattern that spurred the recent rally. The resistance established at the peak is pivotal, as we anticipate a reversal when the price reaches that level. This is also where we anticipate the completion of the right wing of the harmonic pattern.
PYPL has formed a falling wedge pattern, suggesting a potential bullish breakout. We're currently awaiting confirmation from the price. As long as the price stays above the highlighted support, there's anticipation for a bullish reversal, considering previous price actions.
ICICIBANK has experienced a bullish breakout followed by a pullback within the confines of a bull flag pattern. The recent reversal, respecting the upper boundary, suggests a potential retracement within the current bullish trend. Should the breakout occur as anticipated on the chart, a price decline towards the highlighted key level is conceivable.
TATAMOTORS might establish a fresh peak provided there's ample volume to breach the highlighted resistance zone. Therefore, it's prudent to monitor this level closely for either a breakout or confirmation of a reversal, which will determine the stock's future trajectory. A decisive breach of the resistance could propel it to a new high, potentially surpassing...
The USDCAD is once more testing a significant key level identified on the daily timeframe, showing signs of a potential reversal based on price action. Repeated rejections around this zone indicate it being respected as a support. There's anticipation for the reversal to revisit the major resistance established on the daily timeframe. Additionally, analysis of the...
The USOIL has recently signaled a bearish breakout from its previously bullish channel. Additionally, there's notable evidence of selling pressure around a highlighted resistance level, suggesting a reversal in trend. As a result, we anticipate a continuation of the bearish trend towards a significant support level, which has previously shown considerable buying interest.
Last week, GOLD embarked on an impressive bullish surge, aligning with earlier forecasts under the daily timeframe. During this period, a notable bullish breakout occurred amidst consolidation, fostering a consistent uptrend in gold prices. Presently, there are indications of a potential minor retracement towards a key zone, followed by a reversal aiming towards a...
The GBPJPY is displaying robust movement within a bullish channel. Additionally, a bullish reversal occurred near the lower boundary of the channel, indicating significant support. Given the proximity of this bullish momentum to the upper boundary, which has historically acted as resistance, a reversal is anticipated, potentially leading to a bearish movement in...
SBIN has been on a robust bullish streak, indicating a possible retracement or correction phase in the near future following its recent rally. There's potential for the price to consolidate within a formed channel before potentially breaking out bearishly, supporting a bearish outlook.
Under the daily timeframe, BNB has formed a triangular pattern, which holds considerable significance for the coin's future. If the price indeed confirms a bullish breakout from this pattern, there's potential for an upward rally. However, it's crucial to validate the breakout on the upper boundary before considering any long positions.
Ethereum has recognized a significant support level where the current price is firmly holding, showing respect for this support. There's anticipation for a reversal that could lead to a bullish breakout along the trend line. If this breakout occurs, it's anticipated that the rally will persist towards the next swing high around the $3700 mark. The confirmation...
Bitcoin recently experienced a false breakout below a key support level within the daily timeframe. This event hinted at a potential reversal, marked by a robust recovery from the previous sell-off, rebounding to the $57k-56k range. Re-entering the demand zone signaled a bullish sentiment, and yet another rejection occurred at the major trend line. The...
ABNB has undergone a notable shift in its recent trajectory. A significant breakout accompanied by a gap suggests the possibility of a downward momentum, potentially returning towards the lower support levels. Furthermore, the failure of bullish momentum above the resistance confirms a significant sell zone. Anticipating a further decline of approximately 10% to...
ADAUSDT has once again stabilized at a significant key level on the weekly timeframe. Observing historical price movements to the left, there's potential for a reversal in the highlighted zone. Strong rejections and bullish reversals in this region historically support our bullish thesis. The current sell-off is viewed as a substantial retracement, correcting the...