Tata Chemicals daily report shows triangle pattern breakout.Tata Chemicals on Daily Chart:
Triangle Pattern Breakout: The stock has seen a triangle pattern breakout on the daily time frame, which may indicate a potential price move in either direction.
Mean (EMA) Diversion on Hourly time frame: The mean (EMA) has diverged on the hourly time frame, which may indicate a change in the trend of the stock price.
Resistance/Target: The stock may face resistance at levels of 1060, 1108, and 1176. These levels may act as a barrier to the stock price's upward movement.
Support: The stock may find support at levels of 948 and 912. These levels may act as a floor for the stock price and may provide some stability during times of market volatility.
In conclusion, the daily report suggests that the stock may experience some price volatility in the near term, with potential for both upward and downward price moves. As always, it is recommended to monitor the stock closely and consider risk management strategies when investing.
Trianglebreak
USDJPY > Breakout is imminent, but Which Way It Will Go?Analysis of #USDJPY
Hi traders, today we will have a look at #USDJPY
Following up on my previous idea, as you can see the consolidation range is getting tighter and we can expect the market to break out soon.
Check the previous Idea link for more details
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TRXUSD - Potential Long after Squeeze. 50% ProfitWe received a strong Buy signal through Crypto Tipster v2 recently, after drawing a few trend lines and support/resistance horizontal rays it looks like this triangular squeeze is coming to an end, a large breakout is iminent.
As we are already sat on a strong area of support, our thinking is that breakout will be in an upward direction, with the next level of resistance bringing around 50% profit, or more!
STORJETH - After a Huge Short, you ready for a Huge Long Trade?We've just closed a truly epic downward move with Storj, netting 65% on this short trade through Crypto Tipster v2 - and we've jumped straight into a Long trade as the price appears to be bouncing off strong levels of support; there's not going to be much resistance (if any) for a good 50% gains on the flip-side!
Keep your eyes on this space!
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A bearish pennant on the continuation of the fall. Updating lowsThe coin after the impulse decline formed a pattern triangle, or bearish pennant - a figure of continuation of the trend. The volumes inside the figure are reduced. I expect the price to approach the lower boundary of the triangle and the impulse breakout in the downward direction with the support of volumes in the seller's order book. The goal is the height of the base of the triangle.
MATIC : Looking for a 2X Profits Probability?!I dont have much to say about Polygon. It surely is and must be considered as one of the highly rated potential projects.
Fundamental wise it surely did show its strength through out the bear market specially by having a well articulated mainstream media coverage while it collaborate with heavy names in different sectors around the world mostly from the developed nations.
How about the Technical Aspect?
Well, this question surely is dependent on the overall crypto market sentiment. Specially if it is going to be the starting of an alt season #MATIC will be one of the best performers in the market. But what if Bitcoin fails to achieve and continue its strength and go in search of a new lower low. Then it will be a good accumulation opportunity to grab more to our pockets.
For now lets try to hear the chart's heart beat looking a little bit closer. In this post I will just raise three main reasons for saying #Matic is showing a bullish alert at least for the long term.
1/ PATTERN FORMATION : The formation of a major triangle consisting of minor neutral triangles is formed. And it just broke out by the past week and trying to continue the momentum in the North direction. Last week's candle also close above a major resistance area at around $0.93 breaking out from the traingle strongly passing the EMA levels.
2/ Guppy Moving Average: This indicator is showing that a bullish sentiment in the market is already here on the 1D chart and the shorter period EMA's are trying to pass past the longer period EMA's which will be considered bullish as far as they are moving below the current price.
3/ RSI: RSI line is looking in a bullish setup and is in a healthy movement in addition to the fact that it crosses the RSI based MA which is a bullish sign by itself.
This analysis is mainly consider to view from a Mid to Long Term investment opportunity and more or less for hodling for some time.
Accumulation Area : $0.9 - $1.1
Target Area : $2.9+
Mean while, I will give updates on the shorter term sentiments about #Matic.
If you agree with this analysis drop a like and share it to someone whom you think will benefit from it. Otherwise please do consider to drop your comments if you have any disagreement on the idea and lets flow the knowledge and benefit mutually.
Stay safe blessed. Stay Tuned too.
ETHBTC - Broken Above Symetrical Triangle!We've got a significant break upward with ETHBTC at the moment - breaking out of this symetrical triangle it's been trading within for the last few months. With a Long signal from Crypto Tipster v2 last night we're already seeing gains of a few % in just a few hours!
Get your SL in at just under the most recent tradinf range, around 0.071 and watch this rise up to meet the most recent swing high, grabbing around 8 or 9% profit.
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