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Breakouts

NBIX Breakout TradeNBIX is in the biotech sector which I have been highlighting for several months as one of the strongest areas in the market. After emerging from a textbook breakout pattern in early August, shares have consolidated in a tight handle formation. If you look at the relative strength line at the top of the chart, you will notice three pink dots over the last several days. These show the RS line making new highs. Although the stock drifted sideways, the rest of the market has been in an ugly correction, so NBIX is actually holding up better than most other names. I'm looking for a breakout on volume above its down sloping trendline.
NASDAQ:NBIXLong
by rossgivens
NASDAQ - 1D - The 3 converging signals. This tutorial looks at the Daily chart main technology index in the World, NASDAQ. When evaluating its prices, NASDAQ has been down-trending in the past 8 months, in a steep decline. It started from its All-Time-High (ATH), when it held the 16700s level on the 21st of November 2021, sinking over 34% towards the 11300 level on the 16th of June 2022. However, since its recent low, the NASDAQ kept increasing in price. In the last trading week (8th - 12th of August 2022), prices formed an interesting technical pattern that could give way to a prolonged upward movement. Today, a new candlestick formed, sitting right on the 200 EMA line. I have highlighted 3 significant patterns which are converging. These patterns increase the probability of such upward movement, leading me to believe in a potential bullish movement: 1- Downtrend Breakout 2- Gap Up or Rising Window 3- 200 EMA (Exponential Moving Average) Breakout To understand the technical patterns I am discussing, it is necessary to identify two indicators within the chart. These indicators are the 200 EMA (Exponential Moving Average), which is the red line following the price, and the Downtrend Line, which is the purple line connected to the recent highs. I have drawn a red circle to point out where the signals converged.  1- The Downtrend was acting as resistance for over 7 months, from December 2021 until the 10th of August. From then, the Downtrend line will act as a support for the potential upcoming upward movement. 2- The Gap Up in price happened between the market close on the 9th of August to the market open on the10th of August. It brought the price up on a powerful movement, ignoring the downtrend resistance line and sitting on top of it, transforming it into a support line. 3- Major investors and hedge funds use the 200 EMA as a bullish/bearish indicator and a strong resistance/support level. The last candlestick (12th of August) closed above the 200EMA line, which did not happen for over 4 months. To conclude, the convergence of the 200 EMA plus the down-trend breakouts along with the rising window form an interesting signal that suggests the downtrend might run out of steam. Happy Investrading!
NASDAQ:NDX
by dmelchiades
BATUSDT is testing a key levelThe price is testing the dynamic daily resistance on the 4h timeframe. Nice volume is coming The price needs to create a new breakout from it and retest the current 4h resistance as new support. How to approach it? IF the price is going to create a clear breakout with volume and retest the current resistance as new support, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
14
Channel Breakout Example Really solid example of how channel breakouts often retest resistance AFTER resistance has already been broken. I like to think of it as testing the buyers and supply/demand zone to see if resistance can now act as support which would confirm another leg up as we see in Uber. Good rule to follow is to not enter trades as soon as they breakout from a channel as the trend reversal is not confirmed by anything yet. we can see multiple channel breakouts where price did not continue rising once the channel was broken. Volume confirmation (increaising volume with increasing price) is also important when identifying true breakouts, nice highs when lower than average volume is generally a sign of price disparity defined as divergence.
NYSE:UBER
by chartxzy
BTCUSDT: Aadil1000x Breakout strategyHello traders! Welcome back to another episode with Analyst Aadil1000x. A few days ago this same strategy worked out perfectly in Bitcoin and made us successful at the though time. Today the same types of breakouts are forming but this time it's in 30 mint timeframe. If you are not aware of this strategy then this is a breakout strategy. It can be used in the consolidation period and we count breakout so that we catch the drop at the perfect time. Every trendline will start from the top of the candle from where consolidation starts and it connects with the next Lower high/Higher High. This ends whenever there is a breakout. The next trendline will connect at the high of that breakout and we will keep doing this 7 times. After the 7th breakout market will drop hard. The 7th breakout is still pending, we will connect the 7th trendline to the point when there will be a candle that closed below the previous candle and didn't cross the high of the previous candle. There is a Strong 5-star True reversal point at 22128. I am expecting that this point will work with pinpoint accuracy. Risk management Tip. Stoploss is important in every trade and I put -4% stop loss. To count the percentage quickly there is a tool in the second option called info line. Don't forget to hit the like button and follow to stay connected.
Short
by Aadil1000x
6
ADAUSDT is testing the supportthe price followed my previous idea and we made more than 39%. Now the market is creating an ascending channel above the daily support. how to approach it? The price needs to have a breakout from the daily support, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
22
XLMUSDT needs more liquidityThe price had a nice breakout from the static resistance on 0.14$ and got a rejection from 0.155$ now the price is testing the 0.618 Fibonacci level as new support. How to approach it? We could see a new bearish impulse until the 0.886 Fibonacci level where the market could get new liquidity for a bullish impulse, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
24
DOTUSDT is creating a falling wedgeAfter an amazing profit, the price is testing the monthly support on 6.7$ on the 4h timeframe the market creates the falling wedge below the 4h resistance. How to approach it? IF the price is going to have a breakout from the falling wedge and daily resistance on 8$, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
30
KDAUSDT is testing an important support right nowThe price is testing the daily support on 1.4$. As you can see on the left the price got the liquidity for a new bullish impulse from here. How to approach it? IF the price is going to have a breakout from 4h resistance and retest as new support, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
6
BTCUSDT wants the breakout?The price bounced on the monthly support on 29300$, it's a key level for Bitcoin. Now the price is testing an important resistance on 4h timeframe on the 0.382 Fibonacci level. How to approach? IF the price is going to retest it as new support, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
8
IOSTUSDT needs to have a breakout from itThe price had a breakout from the dynamic resistance below the monthly resistance on 0.02$ How to approach? the rice needs to create a new bullish impulse above the 0.02$ area and retest the resistance as new support, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
12
KCSUSDT had a breakout! 18$ is coming!From my first idea, the price gained 37%. now the market is testing the 4h resistance after a breakout from the descending channel, and as I told you in my previous analysis, the price wants to retest the 18$, it's a key level. How to approach it? The price needs to create a clear breakout from the 17$ resistance, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
12