Breakout
AVGO LOOKING BULLISH DEC 12 2024AVGO is looking very good to go long at cmp. If you do understand the risk then you can go ahead and trade. If you don't understand the risk of a breakout then you should stay out of it.
Do not trade options at all
I am long here at current price and expectation is a green candle.
AUCTION ANALYSIS📊 #AUCTION 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: $18.85
🚀 Target Price: $29.90
⚡️What to do ?
👀Keep an eye on #AUCTION price action and volume. We can trade according to the chart and make some profits⚡️⚡️
#AUCTION #Cryptocurrency #TechnicalAnalysis #DYOR
Amd - Retest, Reversal And A +100% Rally!Amd ( NASDAQ:AMD ) will soon retest massive previous support:
Click chart above to see the detailed analysis👆🏻
After Amd perfectly retested the upper channel resistance about half a year ago, we saw a beautiful rejection and already a retest of the crucial horizontal support. Now, Amd is once again coming back to retest this support and another bullish reversal is extremely likely.
Levels to watch: $130, $260
Keep your long term vision,
Philip (BasicTrading)
Dogecoin - This Is Still Just The Beginning!Dogecoin ( CRYPTO:DOGEUSD ) is still in its early stages:
Click chart above to see the detailed analysis👆🏻
Although Dogecoin already rallied more than +350% after breaking out of the triangle pattern, this still just seems to be the beginning of the next major bullrun. A conservative approach would indicate a +9.000% rally, but the first primary target is still the previous all time high.
Levels to watch: $0.7, $5.0
Keep your long term vision,
Philip (BasicTrading)
OM/USDT: BULL FLAG BREAKOUT! 200% PUMP INCOMING!!🌟 Hey Traders! 👋
If you're ready to capitalize on premium trade setups, hit that 👍 and follow us for more high-value insights that deliver results! 💹🚀
🔍 Technical Overview
🔥 OM is looking exceptionally bullish! It has broken out of a bull flag pattern on the 8-hour time frame and is currently retesting the flag—a prime accumulation zone. This setup hints at explosive upside potential.
Here’s the play:
📈 Entry Zone: $4.00–$4.20
🎯 Target: 150–200% gains
🛡️ Stop-Loss: $3.62
🌐 Fundamental Analysis:
What is OM?
OM is the native token of the MANTRA DAO ecosystem, a decentralized finance (DeFi) platform focused on staking, lending, and governance. It empowers users to actively participate in the project while earning rewards.
Key Growth Drivers
DeFi Adoption: OM is positioned as a key player in the growing DeFi space, with increasing traction.
Utility Expansion: The token is used for governance, staking, and liquidity mining, creating constant demand.
Strong Community Support: Backed by a loyal community, OM continues to innovate and grow its ecosystem.
🚀 The Opportunity
OM is not just a technical setup—it’s a fundamentally sound project with strong growth potential. This is your chance to accumulate before the market catches on.
💬 Your Take?
Do you see the same upside potential? Drop your analysis and strategies in the comments below—let’s collaborate and ride this wave together! 🌊🔥
👉 Follow us for more market-winning trade setups and real-time updates!
Bitcoin - Preparing For Another +200% Rally!Bitcoin ( BITSTAMP:BTCUSD ) is just starting a major bullrun:
Click chart above to see the detailed analysis👆🏻
Bitcoin rallied more than +40% in November and despite the recent bullrun and the all time high breakout, Bitcoin is just starting its next major bullish cycle. Looking at previous price and trend behaviour, it is quite likely that Bitcoin will eventually retest the top of the channel.
Levels to watch: $100.000, $300.000
Keep your long term vision,
Philip (BasicTrading)
SWING IDEA - VEDANTAVedanta Limited , a leading natural resources company in India, is presenting a strong swing trade setup, supported by key technical signals.
Reasons are listed below :
500 Level Breakout Attempt : After multiple tests, the price is attempting to break out from a crucial level following a tight consolidation near its all-time high.
14+ Year Consolidation Break : The stock is on the verge of breaking a consolidation zone that has persisted for over 14 years, signaling a significant long-term trend change.
Bullish Marubozu Candle : A strong bullish marubozu candle on the weekly timeframe underscores robust buying interest.
EMA Support : Price action is trading decisively above the 50 and 200 EMA, indicating sustained bullish momentum.
All-Time High Breakout : The stock is poised to surpass its all-time high made in 2010, signaling potential for further upside.
Target - 580 // 675
Stoploss - weekly close below 425
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@visionary.growth.insights
TradeCityPro | NZDCAD : Approaching Key Support Levels👋 Welcome to TradeCityPro!
In this analysis, I will review the NZDCAD forex pair for you. The analysis will be conducted on the daily timeframe.
📅 In this timeframe, a gradually sloping upward channel can be observed, with the price currently positioned near the bottom of the channel. The nearest support level to the current price is at 0.81376.
🧩 If the RSI manages to stabilize above 56.22, upward momentum could enter the market, allowing the price to potentially move towards the 0.83869 level.
📈 If 0.83869 is broken, the next resistance level will be at 0.86836, which approximately overlaps with the upper boundary of the ascending channel.
🔽 In the bearish scenario, as mentioned earlier, the first support level is 0.81376, and if this area is broken, the next support level will be 0.79789, which is one of the strongest support zones on the chart.
🔑 Overall, considering the more bearish momentum and the gentle slope of the ascending channel, I believe the likelihood of the channel breaking downward is quite high.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
ONDO/USDT: Breakout Alert: 60%+ Upside Potential in Play!🚀 Hey Traders! 👋
If this analysis resonates with you, smash that 👍 and hit Follow for premium setups that actually deliver results! 💹🔥
ONDO is showing bullish momentum, breaking out of a bullish flag on the 4-hour time frame. This breakout signals potential for a significant upward move. Let’s break it down:
🔍 Technical Highlights
Breakout Confirmation: ONDO has broken out of the bull flag after consolidating above the EMA 50, showcasing strength.
Retest and Hold: Price is retesting the breakout zone successfully, signaling readiness for continuation.
🎯 Key Levels
Entry Zone: $1.58 - $1.64
Target: $2.63 (Potential 60%+ upside)
Stop-Loss: $1.43 (to protect downside risk)
Lev: Use low lev (Max 5x)
💡 Trade Insights
The confluence of the breakout and EMA 50 support adds strength to this setup. If the momentum continues, ONDO could deliver substantial returns.
📈 Are you in this trade? Share your thoughts and strategy below!
👉 Follow for more premium trade setups and updates. 🚀
Solana - Finally Initiating The Bullish Breakout!Solana ($CRYTO:SOLUSD) is finally breaking above the highs:
Click chart above to see the detailed analysis👆🏻
In the end of 2023, Solana create a so called reversal triangle breakout and rallied more than +1.000% over the past couple of months. However looking at the current all time high breakout rally, this might still just be the beginning of the next massive Solana bullrun.
Levels to watch: $200, $500
Keep your long term vision,
Philip (BasicTrading)
S&P500 - The Most Important Channel Breakout!S&P500 ( TVC:SPX ) is retesting a crucial breakout area:
Click chart above to see the detailed analysis👆🏻
During 2024, the S&P500 rallied more than 25% after we already saw a very bullish year of 2023. However, momentum is always more likely to continue and since the S&P500 is currently retesting a major breakout level, this bullish momentum could lead to a final breakout.
Levels to watch: $6.000
Keep your long term vision,
Philip (BasicTrading)
Catching Dips any Coin with Spiderline !The Spiderline is a concept in cryptocurrency that refers to a specific strategy or indicator used in technical analysis to identify key support and resistance levels on the price charts of crypto assets, particularly Bitcoin.
This concept is based on retracement levels or structures calculated from historical market data. Here are the key points to understand the Spiderline:
Origin:
It is often used by experienced traders to visualize critical zones where the price has historically reacted (bounced or been rejected). These zones are derived from specific lines on the charts based on previous Bitcoin price movements.
Usefulness:
- Identify support levels: where the price could stop during a decline.
- Determine resistance zones: where the price might struggle to move higher.
- It also helps plan entry and exit points based on the likelihood of market reactions.
Differences from traditional indicators:
Unlike tools like moving averages or the Relative Strength Index (RSI), the Spiderline is more specific to Bitcoin's historical behavior and is often used over longer timeframes.
Associated strategy:
Traders use it to refine their buying or selling decisions, avoid trading against strong trends, and manage their risk effectively.
Credit Inspired by #Cryptoface
ANGEL ONE - AN INVESTMENT PICKHello TRADERS and INVESTORS,
here i am coming with a new opportunity for investment
SO talking about ANGEL ONE, it is now looking beautiful TECHNICALLY and also FUNDAMENTALLY
Technical Analysis Using Elliott Wave Principles on ANGEL ONE (Daily Time Frame)
Through ELLIOT WAVE one can understands the psychology of price movements.
There is a Principle of 5 WAVES called IMPULSE WAVES which shows up-move of the price.
CURRENT WAVE SCENARIO
The main impulse waves are decorated in black color on the given chart as 1-2-3-4-5
the stock has completed its 4th wave as correction, now it is moving to its final wave i.e. WAVE 5th which can give you the targets of all time high.
Technical View
* The stock has given breakout of a wedge chart pattern with good intensity of volume.
* ANGEL ONE is Challenging BOLLINGER BANDS along with breakout
* All the indicators such as RSI, MACD, Directional Movement Index as turning to bullish.
Fundamentally also the company is looking strong having PROFIT GROWTH of around 69% compounding in last 5 years, RETURN ON EQUITY is around 45% in last 3 years.
Trade Plan
* One can enter at Current Market Price
* Stoploss 1934
* Targets 3000-3200-3450-3800🚀
CONCLUSION -
ANGEL ONE has given a breakout and now this stock might be the buy on dip stock so keep on radar you might get an opportunity on every dip now but always keep SL in mind for any poor circumstances.
Thank you
* KARANN DINGRA💰
XRP Christmas Rally Imminent! New All time high incoming!!BITSTAMP:XRPUSD Your last opportunity to get XRP at a discount before it goes parabolic is presenting itself. $1.52 -$ .1.50 is the target bottom....
If it doesn't get back down to $1.96, then that means $1.96 was the bottom, and we would backtest that level and break straight out of this bull flag pattern! 🚀
reversal of this downtrend, an ABC correction, could possibly be complete by the 11h of Dec.