Get started

Breakout!

Bitcoin can make correction and then continue to growHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price a few days ago entered to wedge, where it at once rebounded from the resistance line and dropped to the support line of this pattern. Also, the price broke the 59000 level, which coincided with the buyer zone, but later BTC turned around from the support line and in a short time rose to this level and broke it. Then it made little correction to the buyer zone, after which continued to move up to the 65300 current support level, and even entered to support area, but soon turned around and fell below, making a fake breakout. Price tried to grow, but failed and dropped to the support line of the wedge, which coincided with the 59000 level, and then made a strong impulse up to the resistance line of the wedge pattern. Also, BTC broke the 65300 level, after which made a retest inside the support area, and now the price trades near the resistance line of the wedge. So, in my opinion, the price can make correction to the support area at first and then it will rebound up, exiting from the wedge. Next, I think, it can continue to grow, therefore I set my TP at 71K points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
5
Dogecoin - This Leads To Two Digits!Dogecoin ( CRYPTO:DOGEUSD ) will hit two digits soon: Click chart above to see the detailed analysis👆🏻 It is the third time that Dogecoin is creating the same pattern. A couple of months ago Dogecoin broke out of a symmetrical triangle pattern and is now retesting previous horizontal structure. After we see bullish confirmation on the smaller timeframes, the next parabolic rally will start. Levels to watch: $0,12 Keep your long term vision, Philip (BasicTrading)
CRYPTO:DOGEUSDLong
by basictradingtv
19
BCH Long Position (Trend Breakout Retest)Market Context: BCH has broken out of the daily descending trend and is now retesting the breakout, creating an excellent opportunity for a long spot position. Trade Setup: Entry: Ladder into a long spot position between $350 - $365. Take Profit: First target: $430 - $460 Second target: $500 - $530 Stop Loss: Just below $330. This setup leverages the retest of the breakout for a favorable risk-to-reward opportunity. #BCH #Crypto #Breakout
Long
by Richtv_official
Euro can little correct and then bounce up to resistance areaHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price rebounded from the resistance line, and fell to the support line, breaking the 1.1135 resistance level, which coincided with the seller zone. After this, the price bounced from the support line and started to grow to this level. When it reached it, EUR some time traded between the 1.1135 level and later finally broke it and reached the resistance line. But then the price turned around and fell to the 1.1135 level, after which tried to grow but failed and continued to decline inside the pennant. Euro first broke the 1.1135 level and dropped to the support line of the pennant, which coincided with the current resistance level and resistance area. Price some time traded inside this area and soon broke the 1.0950 level and fell to the support line of the pennant pattern. Also, the Euro tried to back up, but failed and at the moment it continues to decline near the resistance line of the pennant. In my opinion, the price can decline to the support line and then rebound up to the resistance area, thereby exiting from the pennant and breaking the resistance level. For this reason, my TP (1.0950) is located inside the resistance area. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
13
BTC DAILY BREAKING OUT??After 7.5 months of what what amounts to a HTF bullflag pattern, seemingly endless chop, bitcoin looks like it's finally breaking out above and continuing the Bullrun. This post doesn't need to be overly complicated, there are a few key factors on what is happening: - Bullish continuation, a bull flag pattern is just that, after a strong rally the corrective structure looks exactly like how the chart looks before continuing the next stage of the rally. Bitcoin has hit the red zone 9 times before the current breakout move, now that the daily structure has shown repetitive higher highs and higher lows for the first time it's signalled that Bitcoin is ready to continue the move higher. - US elections, every election year since 1928 traditional markets experience a rally, this year is no exception with the $S&P500, SKILLING:US100 & TVC:DJI all at ALL TIME HIGHS. As much as we crypto traders want crypto to be separate from Tradfi, reality is these markets matter and effect Bitcoin directly. '21 ATH has been major resistance all year for bitcoin, I could see that being the target for this breakout (should it be a successful breakout) before a retest of trend channel at $66,500 on the daily. All in all this is an exciting time in crypto, lots of volatility ahead come US election and beyond. Good luck everyone!
by ProR35
AMBER ENTERPRISES-Weekly Breakout with Strong MomentumBreakout Confirmation: Amber Enterprises has given a decisive breakout above the crucial Fibonacci 23.6% level (₹5,206), with a significant price surge. This breakout was accompanied by heavy volume , indicating strong bullish momentum and participation. Fibonacci Levels: The stock retraced from its highs at ₹6,256.7, respecting the Fibonacci levels: 38.2% retracement at ₹4,557.35. 50% retracement at ₹4,032.40. 61.8% retracement at ₹3,507.50, which acted as a strong support before the stock resumed its upward movement. The breakout above ₹5,206 now opens the path towards the previous highs around ₹6,256.7. Bullish Trendline Support: The stock has been respecting an ascending triangle pattern, marked by higher lows, which reflects accumulation and strengthening of the uptrend. The recent breakout from this triangle pattern gives further bullish confirmation. Targets Ahead: Near-term target : Based on the breakout and the height of the triangle, the immediate target is around ₹6,256, which aligns with the 0% Fibonacci level. Potential upside projection : Using the measured move from the breakout, the stock has a potential to reach ₹6,900-7,000 levels, reflecting a 30-40% upside from the breakout point. RSI Momentum : The RSI has broken above the 70-mark, entering the overbought zone, which confirms strong bullish momentum. However, the overbought condition may suggest some consolidation in the short term before the next leg up. Support Levels : On any pullback, strong support lies around the Fibonacci 38.2% level at ₹4,557.35, followed by ₹4,032.40 (50% level). As long as these supports hold, the overall trend remains bullish. Conclusion : Amber Enterprises is showing a powerful breakout with high volume, indicating a potential bullish rally in the coming weeks. Traders can look for opportunities on pullbacks or momentum continuation above ₹5,500, with a near-term target of ₹6,256 and a possible extension towards ₹6,900.
NSE:AMBERLong
by AngshumanSaikia
BCH ANALYSIS📊 #BCH Analysis ✅There is a formation of Falling Wedge Pattern on daily chart with a good breakout and currently retesting the major resistance zone🧐 Pattern signals potential bullish movement incoming after a breakout of major resistance zone 👀Current Price:  $356.8 🚀 Target Price:    $435 ⚡️What to do ? 👀Keep an eye on #BCH price action and volume. We can trade according to the chart and make some profits⚡️⚡️ #BCH  #Cryptocurrency  #TechnicalAnalysis  #DYOR
Long
by ZEUS_Market_Alerts