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Trendlinesuport

XRPUSDTHello Dear friends We are still below the downtrend line, our $0.235 support area is still intact. We have a positive RSI divergence on the daily time frame. But we must keep in mind that the momentum of the downward trend is strong. On the lower time frames, if the range of $0.3733 is consumed, the possibility of forming a downward trend is strengthened up to the range of $0.3416. But for further correction, I think yellow range orders ($0.5281) are needed. We would be happy to hear your comments
Short
by FiboTech
HCL Technologies Ltd - Trendline Support + Just a View📊 Script: HCLTECH (HCL TECHNOLOGIES LIMITED) 📊 Nifty50 Stock: YES 📊 Sectoral Index: NIFTY IT / NIFTY 500 📊 Sector: Information Technology 📊 Industry: Computers - Software & Consulting Key highlights: 💡⚡ 📈 Script is trading near at its support level which is around 897. 📈 RSI is nearby to its Oversold zone. 📈 script may bounce back from its support level keep an eye on it. 📈 Fundamentals are also strong, one can buy on dips for long term. 📈 if it start moving upward first target will be 990 , Always maintain your Risk & Reward Ratio. ⏱️ C.M.P 📑💰- 895 🟢 Target 🎯🏆 - 990 ⚠️ Important: Always maintain your Risk & Reward Ratio. ⚠️ Purely technical based pick. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat🔁 Happy learning with trading. Cheers!🥂 Happy Navaratri 🕉️ 💃🏻🕺🏻
NSE:HCLTECHLong
by radha_23
4
What to buy and how to ride the commodity bull?Discussion: 1. Example on Natural Gas - breaking away from its range 2. Beginning stage of a “Growth” stage 3. Identifying and trading in its uptrend with multiple timeframes Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
NYMEX:NG1!Long
by konhow
RSI & Fib analysis on LunaLast time the daily RSI was this low was late May 2021 when we retraced to 0.786 of the prior run, finding support here until going on an epic 2000% run over 10 months. Following yesterday's red candle we've bounced off the 0.786 fib of the retracement from said run, which coincides with a trend line I've had drawn in since this time last year. Reversing the first fib shows we reached just above the 5.272 at it's peak. Doing the same on the latest fib gives us a target of $614! Short term I expect a bounce to around $50. Will be keeping a close eye to see if we hold .786 and form bullish divergence
Long
by SlumberJack92
GBPCHF | Perspective for the new week | Follow-up detailsA follow-up detail on the GBPCHF was published last week (see link below for reference purposes) where we closed with around 60pips profit when the price hit our stop-loss. Now, the structure is tending to reveal to us another opportunity to give a buy situation another chance as the bullish trendline identified on the 1H time frame shall serve as our yardstick for a trend continuation. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
2
BTC struggles with resistance at $ 46.629.Hello everyone, let's take a look at the BTC to USDT chart over the 4 hour timeframe. As you can see, price is moving above the local uptrend line. Let's start with the designation of the support line and as you can see the first support in the near future is $ 44,587, if the support breaks down, the next one is $ 42,318 and $ 40,503. Now let's move on from the resistance line, as you can see, the first resistance is $ 46,629 which is currently struggling with price, if you can break it, the next resistance will be $ 50,940 and $ 55,175. Looking at the CHOP indicator, we can see that in the 4-hour interval the energy has been used up and is only just starting to slowly bounce back.
by cryptodailyuk
Will XTZ recover ?XTZ is trading in an ascending channel (Log Chart) since February 2020. Both trendlines was tested several times in the past. There are many multiple factors that affect all markets last days or weeks, like events on Canada, Biden’s crypto executive order or Russia – Ukraine conflict, etc. At the time of writing this report, XTZ is trading at $3.17, a further drop to $3.00 – 2.54 is possible, but not certain. A trendline breakdown, at its own, is not the proof of reversal. A break and close below the in the 1W TF may result in a deeper breakdown to $2.10. In the long run, with the current situations there is no worrying signs for a bearish reversal in the market. For long positions: Take profit targets are: $13.21, $15.73, $19.81 Stop loss or alerts below previous week or month low depending on your time horizon. In any case R/R ranges from 8.39 to 21.77. Consequently, it is a worthwhile trade/investment. Resistance zones in a new update. If I help you with your trading plan, like, follow me for more ideas & in my social media for more updates in the crypto market.
KRAKEN:XTZUSDLong
by Rhaonnor
SURYA ROSHNI TRENDLINE + 30 WEEK EMA SUPPORTNSE:SURYAROSNI is standing on its 1 year old trendline from which it has taken support 7 times. It has now taken its 8th support and looks like a good buy from here. The trendline was broken once but the bears wear trapped and the stock quickly climbed back. More buying can take place if stock gives breakout from the marked rectangle region, at price of 690-710 levels. From there it can test it's all time high of 860-870 levels. If stock sustains above all time high, it can be a good buy and hold.
NSE:SURYAROSNILong
by PriceActionSpotter