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Breakouts

EURUSD - Heavily bearish hidden with all the positive dataThis is my "personal views" please do not take my view as trading advice unless you are willing to lose it all. I usually consider myself finding contrarian trends right before they settle in. I am sensing EURUSD is testing the resistance line after the breakout back in October. Earlier this was tested in November but failed to go above. If we can stay below 1.2350 - 1.24 for the rest of this and next month then I can see a strong pullback first near 1.15 then a retracement to sub 1.19-1.20 area before giving up to all the way 1.07-1.05 where the weekly gap is still open. This trend may complete by year end but I think this year is of USD Bulls and a bad start is to shake the confidence of the retail traders only. 3-4 Interest rate rise is given this year and Tax change shall take the $DXY, USDJPY nearly 5-10% from current levels and EURUSD should correct 10-15% and give up entire gains of 2017
Short
by UnknownUnicorn1616991
Second huge breakout coming for Ripple (XRP) soon?BITTREX:XRPBTC Ripple is approaching near-pinpoint consolidation, just after its largest chart climb ever. This chart represents only the XRP/BTC value, but other pairings are showing a similar pattern. Chart comparisons with other XRP pairings could prove useful in demonstrating the same trend. Solid resistance is tested on a steady downward slope from the peak at 0.000195 BTC and confirmed just below 0.000180 and again at 0.000160. All signs seem to point to an even bigger breakout, maybe within just a few hours, with solid baseline support above the 0.000150 level. Alternatively, these indicators might just point to a longer period of sideways trending, meanwhile building stronger support along the way.
by Otomakan
4
ETH/USD Pair has Broken Out of Consolidation - target is 1000+ETH/USD has moved up strongly higher on 11/22 and 11/23. A traditional chart analysis based upon historical patterns reveals a triangle consolidation pattern that now appears to be breaking out. Using a log chart and measuring the depth of the consolidation pattern, ETH/USD now has a projected target in excess of 1000.00 USD. This is using a tried and true method for measuring targets that takes the depth of the consolidation area (in red) and uses the SAME length line to measure the target from the point of breakout. This could also be viewed as large channel, with the first leg taking ETH/USD from the mid teens to 400 - followed by the consolidation (a 'corrective wave') and now the next leg up begins. If this channel were to remain as such, the 1000+ target is nowhere near the upper line of resistance. This could get very interesting. Someone say hi to Jamie Dimon for me.
BITFINEX:ETHUSDLong
by EtherCharts
1
$NAK is ready for a move on the upside.$NAK is ready for a move on the upside. It touched key levels of support and bounced back up after hitting the trend line. Entry point: 1.48 Exit point: 1.97, if that key level of resistance is broken, hold until the next level of resistance is touched. Stop loss: If the price goes below 1.23, a trend reversal will be confirmed. Below that point, sell your position. Details to consider: - This stock is prone to manipulation and massive dumping, be ready to close your position in case the situation turns bearish. - It is wise to buy more shares once a breakout has been confirmed. - Do not average down on your position if you are at a loss. Cut your losses short and have a clear stop loss exit point. - The trend line has been consistent over the past months, so holding this stock for longer terms is possible. - Have well defined entry and exit points if you are going to day trade this stock. - It is a mining stock, meaning the exploration/drilling results will heavily influence future price action. Watch press releases very closely.
AMEX:NAKLong
by tradinground