Brakeout
AUDJPY: channel breakoutHello everyone
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AUDJPY :
the price braked a neat parallel channel and I expect further bearish movement.
please note how the price moved in the ascending channel that shows weakness of buyers.
Our first target is shown on the chart (support zone).
please remember any analysis can be failed. so, manage your risk and respect your stop loss.
John B. says 90% chance for a brake outI'm looking at TXMD again. Still bullish.
Only TA, no fundamentals this time:
The Bollinger band is an interesting tool that tells us now -as price is at the lower band (oversold) and in a situation when the band is very contracted (squeezed)- that likely a brake out will follow.
Add a positive divergence to it on the MACD and on the the RSI along lately (in relation to the price) and you get the idea: we are going UP.
But don't get too excited too soon when price moves, as last time (see my link below) traders sold off at about the 100% profit mark. And as supply/demand determines price...we fell back. Now the opportunity is even bigger. I'm expecting a 10x on this one long term. Speaking of time frames, the chart we are looking at is a 10 year period. We are now at all time lows (and as just mentioned above, at an all time narrow squeezed scenario), so the odds we are going to the moon are quite good.
Some fellow retards on Reddit talked about this before, that it's going to $24. I'm not sure why that number, but I can't say it's impossible.
BTW, I like the stock !
Pro analysts consensus is above $5 (for 12 months), my own mid term PT is still $7 (for the next 2-3 years) and right now the stock is worth about $4 IMO.
Triangle breakout PredictionWe can predict the direction of the breakout with a cumulative indicator such as the OBV.
Here you see the OBV increase from the first high to the breakout candle, this proves significantly accurate.
so OBV rising can be used as another step for verifying the congruency of your prediction.
gotta say that btc is moving madi dont wanna say that 100% sure btc go up but we have to see if btc hit triangle the way that we want or not
my best prediction is if we sew a conformation or brake out for and up trend we will wait for a pull back then we hop in a trade.
simple if it goes down we shorting it and if it goes up we longing it simple . but i hope for an sc legged up trend :)
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chack out my IG at @EricWentHome
TRXUSDT/1D (NEW UPDATE OF THE LAST CHART)I think we will see a good breakout (with bullish candle) from strong resistance and then good rising to last resistance (upper ones).
During this trip you can TAKE PROFITS twice in 0.0688227 & 0.0905986, if you want to trade for short term or saving your money on top of taking another position with your profit for next target.
Possible Breakout for BTC!!!BINANCE:BTCUSDT Hi friends , According to my analysis we may have a possible BREAKOUT from the ascending triangle that we have formed in the past few days in a couple of hours ,If we breakout and confirm it we will have the shocking target of 57,000$ .
If you find this helpful please consider following my account and sharing your trade with me , THANKS .
XRP Trend Line Retest After a BreakoutBITSTAMP:XRPUSD
Today we formed yet another higher high after recent shakeout that happened on 1st of Feb. One could argue that in this shakeout we successfully back tested a descending trend line, so that is clearly a bullish sign.
Let us not forget that we could still be reaching much lower to possibly test lower trend line in a short term but that is just little noise in a price chart compared to what is coming.
I am not a financial advisor so don't buy anything that a say, cause a could be wrong. It's always the best to use your own research when deciding how to trade.
Be well.
BNBUSDT > A Breakout Might Be in Play for This Setup!!Analysis of #BNBUSDT
Hello friends,
this is my favorite setup of today's crypto analysis on BTC, XRP, ETH, "links below this idea.
flag pattern came to fib 61.80 also structure level still have room to go up as I can see we have not come to test structure high near 34.0, so there is no reason why i cant take this setup if provided a valid reason to enter a buy trade
I hope this idea earns your likes and comments, that will really support me to keep providing you valuable analysis
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Check today analysis below⠀
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-DISCLAIMER: This Information Is Not a Recommendation to Buy or Sell. It Is to Be Used for Educational Purposes Only⠀
-⚠ Please Note This Is Just a Prediction and I Have No Reason to Act on It and Neither Should You