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Studyanalysis

BTCUSD DROPPED BELOW LOCAL SUPPORTBTCUSD DROPPED BELOW LOCAL SUPPORT📉 Today bitcoin dropped below the level of 116,000.00 on high volume. However, the price didn't go somewhere far downwards and consolidates slightly below this level. Presumably, descending channel may be formed. What is a descending channel? A descending channel is a bearish chart pattern formed by two downward-sloping parallel trendlines connecting lower highs and lower lows in a pair’s price, indicating a consistent downtrend. It shows sellers are in control, with prices declining within a defined range. Here I presume the price to rebound from lower border of the descending channel with possible movement towards upper border slightly below the 120,000.00 level.
COINBASE:BTCUSDShort
by ProfessorSingapore
EURUSD HOLDS BULLISH MOMENTUMEURUSD HOLDS BULLISH MOMENTUM📈 24 July I wrote about bearish divergence in EURUSD. Now we see that this resulted into decline towards sma200 on 30-m chart. Currently the price is rebounding from this moving average. What is the sma200? The sma200 is a technical indicator that calculates the average closing price of a forex pair or crypto over the past 200 trading periods. It’s used to identify long-term trends, smooth out short-term price fluctuations, and determine potential support or resistance levels. There is high possibility that the price will continue its way towards local resistance of 1.18300.
by ProfessorSingapore
ETHUSD, XRPUSD - BEARISH DIVERGENCE SUCCESSFULLY WORKED OUT ETHUSD, XRPUSD - BEARISH DIVERGENCE SUCCESSFULLY WORKED OUT On these 2 graphs you may observe ethereum and ripple declining after strong bearish divergence showed up on both of these instruments. Here, the bearish divergence proved to be a success. In both cases the price has almost reached first targets: 3,500.00 for ETHUSD and 3.00000 for XRPUSD. What will be next? It looks like downwards correction still persists and we may observe some deeper than now decline with possible targets of 3,000.00 for the ETHUSD and 2.60000 for the XRPUSD.
COINBASE:ETHUSD
by ProfessorSingapore
EURUSD IS ON ITS WAY TO LOCAL HIGHSEURUSD IS ON ITS WAY TO LOCAL HIGHS EURUSD successfully rebounded from local support of 1.16000 and since then continues to rise towards local resistance of 1.18300. Recently the price has started to show the bearish divergence on RSI and Macd indicators. MACD went into the red zone. What is the bearish divergence? Bearish divergence is a technical analysis pattern where the price makes higher highs in an uptrend, but a momentum indicator (e.g., RSI, MACD) forms lower highs, signaling weakening bullish momentum and a potential downward reversal. To trade, identify the divergence in a clear uptrend with the indicator showing lower highs (e.g., RSI above 70). Sell or short when the price confirms a reversal (e.g., breaks below a support level or trendline) with increased volume. Set a stop-loss above the recent high. Target the next support level. Generally speaking, it doesn't necessarily mean that EURUSD will drop immediately, the price may even grow a bit. However, it highlights some short opportunities.
by ProfessorSingapore
BTCUSD LOST SHORT-TERM BULLISH POTENTIALBTCUSD LOST SHORT-TERM BULLISH POTENTIAL Bitcoin has been trading sideways since July 15th within a range of 116,000.00-120,000.00. Indicators show no signs of a new bullish/bearish trend. How to trade sideways movements or range? It is better to wait for a price to come close to one of the levels (support or resistance), then open buy/sell order. Or just pace a limit order and wait. Take-profit may be above/below the support/resistance levels with a stop-loss behind these levels (below for the support and above for the resistance). So, the price decline towards 116,000.00 is expected, where potentially the price may rebound once again.
COINBASE:BTCUSD
by ProfessorSingapore
Nifty today pre market views dated 27april2021Hi!, this is my personal study and analysis on nifty market( NSE ), Disclaimer : Consult your financial advisor before investing ... These analysis expressed here is only for observation only... As of now nifty is volatile but expected to see nifty at 14000 levels this week .... as data show ... my plan is to look for 14000 levels from higher zone as pattern shows down trend in near future . thanks for reading ... its pre-market analysis time 9:10 AM
NSE:NIFTYShort
by SachinSrivastava