OK_Rane

OK_Rane

BTC momentum has been shifting, have seen bearish flag reversal but to make buying move support at 6358 level is necessary, It is 38.20 entrancement level. Chart analysis to be observed, 1. BTC is above weekly central pivot 2.Volume spiked 3.Bearish flag reversal 4. Fibonacci entrancement

OK_Rane Updated 

When Vix index is above 62 level its difficult to analyse, its purely sentimental. But I feel, we can rely on historical pivot level to asses the support. we can see Fibonacci retrenchment level of 78.60% at 8000 level, which is 5 years back level, that same level represent historical support. so, it critical point. Best way to avoid further mess, SEBI should...

OK_Rane

Time frame: 5 min to 1 Hr short term reliability closed of the position at 271.40rs confirmations are daily pivot 1st resistance break out, channel breakout, neck line break out and volume surge first target was 280

OK_Rane

Today, we have seen the Doji formation and stock retrieve from its weekly support, so stock is likely to remain its channel. First target should be 1340 to 1345 level. also go through previous formation at this support level, you could see doji, bullish engulfing and hammer formation. Safest buy call will be at 1300 Rs, this price will make sure the stock is at 55EMA.

OK_Rane

purchase should be made if candle closes above 436-437 level. Yesterday, It closes below 55 ema and revert back from 1st resistance that is 450 level. keep target at 450 and stop loss at 433

OK_Rane

Pros: 1.It has been retraced more than 40% from last high and now treading above it Cons: 1.It is Just below 200EMA and crossover of 9 and 200EMA has been occurred. 2.Historical Resistance at 3.66 3.Low Volume 4.Below central pivot Safest position is at 4.10

OK_Rane

If you see the ETH/USDT pair on daily time frame, you will observe the support at 55EMA and 23.60% retrenchment from last high. Same support level has been observed on 9th Feb 2020. Its a reversal sign but you need to observe this on smaller time frame like 1hr, You will find the channel which has resistance at 231 to 233 level.