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Trendanalyse

BKR: Energy stock has room to out-perform Oil related equities demonstrate impressive relative strength to the rest of the sectors, occupying 6 out of 10 best performing market groups. HAL - is one of the best stocks in the energy sector, with impressive consecutive earnings and sales growth 4 qrts in a row and double digits growth in eps estimates. Beside strong fundamentals, I always look for the price to establish reliable basing pattern with low risk entry point. Preferably I want this pattern to fit well into the larger elliott wave context, having upside potential within the price structure. Within the structure from 2020 lows, I can see at least one more move to the upside into 40-45-47 area of larger resistance. Trading plan: if price manages to break out above Friday's highs with volume rising above average, I will be planning to start building the position with 3-5% stop. Further follow-through above 36.2 and later 36.9 area would be a signal to add-on to position. Other technical signs to consider: - I was wowed by five (!) consecutive tight weekly closes. History of true market leaders (TML) through out each and every up-cycle teaches us that every TML had 2-3 weeks of tight closes during initial phases of price advance. - Though afterward breaking out from 5 weeks tight base, price faced 5 weeks of decline below this base, with some signs of distribution. Probable that was due to general market sell-off, but price is still below key 10w. MA, meaning it is still vulnerable to the downside; - I like the break-away gap in the beginning of October - sign of strength. The short-term potential of the analysis is valid until price stays above Oct. lows. Caution: Earnings are scheduled next week. Important notice: Elliot waves and fibonacci retracements are a very subjective form of analysis and I don't personally trade out of them. I use them only for the purpose of gauging structural potential of any assets, that allows me to put more confidence when low-risk trading set-up emerges. Analysis and opinion doesn't pay, only price pays.
NASDAQ:BKRLong
by artemfedorov
ETH/USDT 4HInterval Overview Chart Hello everyone, I invite you to review the chart of ETH in pair with USDT, also on a four-hour interval. Let's start by using the yellow line to determine the local downward trend from which the price broke at the top. Now let's move on to marking the support places. We will use the Trend Based Fib Extension tool to mark supports, and as you can see, first we have a support zone from $1,772 to $1,744, and then it is worth defining a second strong support zone from $1,674 to $1,621. Looking the other way, we can similarly mark places where the price should encounter resistance on the way up. And here you can see that the price has been rejected by the resistance zone from $1,844 to $1,894, only when we come out on top will we be able to see an upward movement to the second zone from $1,976 to $2,034. When we turn on EMA Cross 50 and 200, we can see that the yellow line cuts the blue EMA Cross 200 line from below, which confirms a strong upward trend. The CHOP index indicates that there is energy for another move, the RSI indicator shows a rebound with room for further movement, but the STOCH indicator shows that we are approaching the lower limit, which slows down the declines and may result in another increase.
by cryptodailyuk
BTC 4H Interval Review ChartHello everyone, I invite you to review the current situation of BTC in the USDT pair, taking into account the four-hour interval. First, we will use the yellow line to mark the local downward trend line from which the price came out at the top. It is worth mentioning that the place where the downtrend line was left is also the place where the yellow Ema Cross 50 line crossed the blue Ema Cross 200 line from below, thus confirming the return to a strong upward trend. Now we can move on to marking support areas in case the correction deepens. And here, using the trend based fib extension tool, we will mark a very strong support zone from $30,996 to $29,839, but if the support does not hold the price, we still have support at $28,332. Looking the other way, we can determine resistance areas in a similar way. However, here we will mark the resistance at $36,303, which is a very strong resistance that the price must face before we move towards $40,000. Please pay attention to the CHOP index, which indicates that a lot of energy has accumulated, on the RSI indicator, despite the recovery, there is room for a further decline, but at this point you should add the STOCH indicator, which shows that the energy in the downward movement is running out, which may result in the opposite direction and the price increases again.
by cryptodailyuk
4
BNB/USDT 1H Interval ReviewHello everyone, let's take a look at the BNB to USDT chart taking into account the one hour time frame. As you can see, the price is moving above the local downtrend line. After unfolding the Fib Retracement grid, we will mark a support zone from $224 to $221, while we still have support at $218. Looking the other way, you can see that the price has moved back through the resistance zone from $230 to $234, and then we have resistance at $238. Looking at the CHOP indicator, we can see that there is still some energy left for a move, on the RSI indicator, despite the recovery, there is still room for a decline, and on the STOCH indicator, we have room for the price to go lower.
by cryptodailyuk
ETH/USDT 4H Chart ReviewHello everyone, let's take a look at the ETH 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 trend based fib extension grid, we will see that the price has returned to the support zone from $1,774 to $1,745, but if the support does not maintain the price, we still have a second zone from $1,675 to $1,623. Looking the other way, we can see a fight with a strong resistance zone from $1,846 to $1,897, while we still have a second strong zone from $1,979 to $2,037. Looking at the CHOP indicator, we see that the energy has been restored, the RSI shows a visible recovery with room for further decline, but the STOCH indicator is approaching the lower limit, which may limit the declines and result in another price increase.
by cryptodailyuk
6
LTC/USDT 1D ReviewI invite you to review the LTC/USDT chart. Starting with the blue lines marking the upward trend channel from which the price broke down, but locally you can see a sideways exit from the yellow downward trend line. In order to determine support for the price, we will use the Fib Retracement tool and thanks to it we can see that the price is struggling to climb out of the strong support zone from $68.86 to $56.22. If the current zone did not support the price, we could see a decline to the area support at $40.26. Looking the other way, we can similarly determine the resistance areas that the price must face. And here we see that the first significant resistance is at $78.72, and then we have a strong resistance zone from $92.60 to $102.46. The CHOP index indicates that there is still some energy left for the move, the RSI indicator has a slight recovery and there is room for the price to go a little higher, when we look at the STOCH indicator we see that it has exceeded the upper limit, which influenced the recovery, but in combination with the RSI indicator it may be slight recovery and another increase in the LTC price.
by cryptodailyuk
ETH/USDT 1DInterval Review ChartHello everyone, I invite you to review the ETH pair to USDT chart, also on a one-day time frame. First, we can use the blue lines to mark the upward trend channel in which the price is currently moving. However, locally it is visible that the price has moved above the downward trend line. Now let's move on to marking the support places. We will use the Fib Retracement tool to mark supports, and as you can see, the first support zone is from $1,671 to $1,517, but if this support does not hold the price, we may see a drop to the area of the second zone from $1,363 to $1,156. Looking the other way, we can similarly mark places where the price should encounter resistance on the way up. And here we can immediately notice that the price is approaching a very strong resistance zone from $1,916 to $2,230, only when it breaks above it will it be able to move towards the resistance at $2,557. When we turn on EMA Cross 50 and 200, we can see that the price has returned above the blue line of the 200 moving average, but it is worth watching whether the yellow line of EMA Cross 50 will cross the blue line from below, which would confirm a strong upward trend. The CHOP Index indicates that most of the energy has been used. The RSI indicator is approaching the upper limit and it is clear that there is some room for growth, but the STOCH indicator exceeded the upper limit and this resulted in a slight price recovery.
by cryptodailyuk
BTC/USDT 1D Interwal 40000$ or 31000$Hello everyone, I invite you to review the current situation on the BTC to USDT chart, taking into account the one-day interval. We will start by marking a strong downward trend line from which the price moved sideways, and currently we can mark the upward trend channel in which we are moving with blue lines. Now we can move on to marking support areas in the event of a correction. And here, first of all, it is worth marking the support zone from $30,687 to $27,750, but when we fall below this zone, we may see a drop to the area of the second zone from $23,135 to $19,884. At this point it is worth looking at the EMA Cross 50 and 200 as we can see that the yellow ema cross 50 line has returned above the blue ema cross 200 line, confirming that the strong uptrend is continuing. Looking the other way, we can determine resistance locations in a similar way using the Fib Retracement tool. Here you can immediately see the fight against the strong resistance level at $35,931, which currently lacks the energy for a larger move, but when the price overcomes it, it will have an open path towards the strong resistance zone from $42,223 to $48,495. Please pay attention to the CHOP index, which indicates that the energy at this moment is mostly used, the RSI and STOCH indicators clearly exceed the upper limit of the range, which may negatively affect the BTC valuation and translate into a recovery after such a dynamic increase. In such a situation, we could see a rebound towards $31,000.
by cryptodailyuk
6
Reversal Bearish Flag pattern in GNFCGujarat Narmada Valley Fertilizers & Chemicals Limited Key highlights: 💡⚡ 📈 On 1week Time Frame Stock Showing Reversal of Bearish Flag Pattern. 📈 It can give movement upto the Reversal Final target of Below 562-. 📈 There have chances of breakdown of Resistance level too. 📈 After breakdown of Resistance level this stock can gives strong downside rally upto below 142-. 📈 Can Go short in this stock by placing a stop loss Above 738+.
NSE:GNFC
by TradZoo
BTC on its way to $40,000 or $31,000?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. After unfolding the trend based fib extension grid, we can see that the important support is the zone from $31,060 to $29,888, to which we can probably see a price reversal in the event of a correction, and then we have support at $28,406. Looking the other way, we can see that the price is fighting a very strong resistance zone from $33,267 to $35,698, only when it comes out on top and tests positively will we be able to see a path towards $40,000. Please look at the STOCH indicator, which shows that the energy is moving above the upper limit, which may also result in a price recovery.
by cryptodailyuk
2
MKR/USDT 4HInterval ReviewHello everyone, let's take a look at the MKR 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 can see that the price is above the support zone from $1,487 to $1,456, and then we mark the second strong zone from $1,406 to $1,371. Looking the other way, we see that the price is fighting in a strong resistance zone from $1,497 to $1,542, when we break out of this zone higher, the next resistance is at $1,601. It is worth paying attention to the STOCH indicator, which shows that the energy exceeds the upper limits of the range, which may translate into a rebound in the coming hours.
by cryptodailyuk
1
BTC/USDT 4HInterval Review ChartHello 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. After laying out the FIb Retracement grids, we can see that first we have a support zone from $29,097 to $28,289, and then there is a second strong zone from $26,993 to $26,065. Looking the other way, we will similarly check the current resistance levels, but here we can clearly see a strong resistance zone from $30,358 to $31,845, only after it is overcome the price will be able to go up further. When we look at the STOCH indicator, we can see that we are in the process of recovery and there is room for the price to go slightly lower.
by cryptodailyuk
BNB 4HInterval Review 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 moving above the local uptrend line. After unfolding the Fib Retracement grid, you can see that the price is moving above the support zone from $212.5 to $210.5, then there is support at $208.5, and then a strong support zone from $205.6 to $201.9. Looking the other way, you can see that the price is trying to attack the strong resistance zone from $214 to $217.4, when it manages to overcome it, we still have resistance at $221.6. Looking at the CHOP indicator, we can see that the energy is slowly starting to grow, on the RSI we are moving in the upper part of the range, but looking at the STOCH indicator, we can see that the rebound took place to the middle of the range and resulted in another rebound, which slightly limited the space for a new price increase.
by cryptodailyuk
1
BNB/USDT 4HInterval Review ChartHello everyone, I invite you to review the chart of BNB in pair with USDT, on a four-hour interval. First of all, we can use the blue lines to mark the upward trend channel in which the price is currently trying to go above it for the second time. Now let's move on to marking the support places. We will use the Fib Retracement tool to mark supports, and here we can see a strong support zone from $208.5 to $205.7, but when we fall lower, the next support is at $202. Looking the other way, we can similarly mark places where the price should encounter resistance on the way up. And here the price was rejected by the resistance zone from $214.6 to $218.5, and then we have a second strong zone from $222 to $228. The CHOP Index indicates that most of the energy has been used. The RSI indicator shows that we approached the upper limit, which resulted in a price recovery, similarly the STOCH indicator began to reverse after approaching the upper limit and it is clear that there is room for the price to go lower.
by cryptodailyuk
1
ETH/USDT Short-Term 15MIntervalHello everyone, let's take a look at the ETH to USDT chart on a 15 minute time frame. As you can see, the price is moving above the local uptrend line. After unfolding the Fib Retracement grid, we can see that we have a strong support zone from $1,596 to $1,586, and further we can mark a second zone from $1,560 to $1,541. Looking the other way, the price was again fighting against a strong resistance zone from $1,618 to $1,639, which is currently preventing the price from moving further. Looking at the CHOP index, it seems that the current recovery is gaining energy, the RSI indicator shows a recovery, but adding the STOCH indicator to it, it is clear that there is still room for the price to go lower.
by cryptodailyuk
2
LINK/USDT 1DInterval Review ChartHello everyone, I invite you to review the LINK chart in pair with USDT, on a one-day time frame. First, we will use blue lines to mark the downward trend channel in which the price is moving upwards, while locally there is an upward trend line visible, along which the price is climbing. As we can see, it also managed to return to a strong upward trend after emerging higher from EMA Cross 200, which is important for the price to maintain this level now. Going further, we can move on to marking support areas when the price returns to correction, and here we can see the support zone from $7.05 to $6.61, which also contains the previously mentioned 200 moving average, then we have the second zone from 6.17 $ to $5.53, followed by strong support at $4.74. Looking the other way, we see that the price has bounced off the important resistance zone from $7.78 to $8.58, which it has no strength to break yet, there is still a strong resistance at $9.65, which the price must overcome and test positive before moving further upwards. Please look at the CHOP index, which indicates that we have a lot of energy for the upcoming move, the RSI shows a return to the middle of the range, which creates room for a new upward move, while the STOCH indicator has rebounded to the lower limit and we have a visible upward movement with energy for it. I wish the price would go up a little higher.
by cryptodailyuk
1
BTC Chart Review 1DIntervalHello everyone, I invite you to review the situation of BTC in pair with USDT, taking into account the one-day time frame. First, we will use the yellow line to mark the downward trend lines from which the price has gone up, while locally using the blue lines we can determine the upward trend channel in which the BTC price is currently located. Moreover, it is worth mentioning that the price has recently moved above the moving average of 200, returning to the strong upward trend, and it is important that it maintains this trend now. Now we can move on to marking support areas in the event of a correction. And here, first of all, it is worth marking the support zone from $28,072 to $27,460, but when we fall below this zone, we may see a drop to the area of the second zone from $26,849 to $25,987, and then we have strong support at $24,861. Looking the other way, we can determine resistance locations in a similar way using the Fib Retracement tool. And as we can see, the price is struggling to stay at the resistance level of $28,377, we still have a strong resistance zone from $29,211 to $30,365, which rejected a strong upward movement, only when we get out of this zone and it is positively tested will the path towards a strong resistance at $31,866. Please pay attention to the CHOP index, which indicates that most of the energy has been used, on the RSI indicator we are moving in the upper part of the range, but there is room for the price to go slightly higher after this recovery, also the STOCH indicator shows that there is still some room left for the continuation of the movement.
COINBASE:BTCUSD
by cryptodailyuk
2
ETH/USDT 1H Chart ReviewHello everyone, let's take a look at the ETH to USDT chart on a one hour time frame. As you can see, the price is moving above the local downtrend line. After unfolding the Trend Based Fib Extension grid, we see that the price has retreated to the support zone from $1,582 to $1,547, and then there is a second zone from $1,518 to $1,489. Looking the other way, first we have a resistance zone from $1,596 to $1,620, and then the price will again try to break the zone from $1,677 to $1,720. Looking at the CHOP indicator, we see that the energy is running out, the RSI indicator shows a strong rebound, which creates room for a new increase, similarly on the STOCH indicator, we have exceeded the lower limit and we can see a new upward movement.
by cryptodailyuk
2