ETHUSDT about to re-test resistance area. Key 1,930 in play.Textbook pattern in play and price about to test resistance trend line.
Personally, the price I am watching is 1,930.
Breakoutsetup
USDCAD bullish breakout scenario above 1.26Market's been trading in this descending channel since January and right now in a bull leg putting pressure against the resistance trend line.
If we are to see more USD strength (the dollar has been on a tear lately), then this could be a nice breakout setup.
Watching that 1.26 level like a hawk...
ICXUSDT peeking out of consolidation...Very simple chart to show a market premise...
Needs a daily close and some form of follow through. I'm wary of false breaks at this point due to BTC potential volatility into the weekend.
Be careful out there.
ETHUSDT may be about to show its hand... and it's bullish...ETH has been a test of patience lately and has been in this sideways price action since 08-MAR. We did see a test of key level (1,930) but nothing came out of it but more sideways. However, something tells me we may be about to see another test of 1,930 soon, especially if we see a break above current price levels.
Note that many traders are probably looking at current price structure as bearish (resembling a H&S pattern) and sellers could be jumping in, anticipating a move lower. If you're a bull like I am, you'll see these as potential trapped bears...
Place your bets, folks!
BNBUSDT ready to continue bull trend?Looking like this may have bottomed. Waiting for a breakout of consolidation to go long with 536.00 as target. That is a huge move so really watching this one.
Not trading advice. DYOR.
EURJPY breakout setup targeting 132 handle...Here's what's cooking in the forex front. Just waiting for a confirmed breakout here.
Measured move to 131 handle and a second target near the 132 handle which is a weekly resistance level.
Not trading advice.
DYOR. TAYOR!
VETUSDT testing key resistance level @ 0.055I think 0.055 is all that stands between VET and the new ATH.
Need a daily close above said level to confirm but with the current bullish momentum, I'd take a 4H close as a leading indicator of what's to come ---> new ATH!
If his materializes, a move to 0.073 would be an easy near term measured target.
BTCUSDT breaking below falling wedge right into support level.It's been a tough couple of weeks trying to push bullish scenarios but this is normal when markets go sideways. Sideways or trading ranges have momentum too so it will keep doing the same until it ceases to do the same.
Right now, we re at the bottom of a falling wedge and price is breaking below trend line support. A false break here could propel the price higher. This setup is one of my favorite setups as it usually gives good RR (if it works).
I do think we have a bunch of buyers waiting at around 42k which is the breakout level of the 08-FEB strong breakout. Market may need to to re-test that level soon, which will coincide with a potential false break setup...
Not trading advice.
Altcoin market cap bullish scenario at play? Level to watch...Still trapped in a trading range but seeing some upward pressure and we may be about to see noteworthy breakouts. I am personally watching that 560B level as a potential leading indicator of a bigger swing higher.
USDJPY bullish continuation probable above 106.00This pair has been trending up since early January and we may have an upcoming chance to ride a leg or 2 if we see a break above 106.
Looking for daily close confirmation and a bullish price action upon re-test of the level.
See below a view of the weekly chart and also why I'm bullish biased. We saw a breakout from a long term descending channel after which, it traded approx. 145 pips higher. Right now it's trading against 106.00 and a breakout looks imminent.
If a setup materializes, first target would be that 107 handle. DISCLAIMER: This is a personal view and not trading advice.
ETHUSDT: Break 1,840 and we're off to 2,000...We may be at the beginning of the bull leg that takes us to 2,000. Just needs to break that 1,840.
Watch how the market reacts to that price intra-day. Should give you clues on what it wants to do next (e.g. Breakout or pullback).
Measured moves from preceding price action gives us near-term target of a little above 2,000. Good way to start the next leg of our journey to 10k? 20k? 25k? :)
VETUSDT about to attempt to break out? The level I am watchingLooking at 0.052 level as key to this potential breakout happening in the near term. This level is the highest weekly closing price so far which is a level that I always watch closely in terms of price action.
I also used a big arrow so the market notices. :)
Have a nice weekend, all!
NZDUSD breaking out of consolidation? Needs confirmation.From neutral to bearish (see previous idea/post link below) especially if we see a daily close as confirmation.
Measured target for this move shown in the chart.
This is a reversal trade and is a contrarian position against the overall preceding trend. I tend to view these setups as lower probability so I'm managing my risk here as best I can. Let's see what the market gives us.
This is not trading advice. Trade at your own risk.
EURJPY attempting to break higher? Key level to watch.Watching that 127.00 as a potential support for a move higher to that 129.30 level.
Needs a confirmed breakout signal first.
IOTAUSDT inverted head & shoulders pattern almost complete...Almost at the measured objective. I'd say it's practically completed though.
I do think it's set to go higher. IMO.
Not trading advice.
More CADJPY breakout signals indicate pair about to go higher..Refer to a previous post for a higher time frame perspective on this breakout.
Ascending triangle breakout in the making.
Not trading advice.
IOTAUSDT at it again. Will it succeed this time?I've been harping about this setup for a while now and kept getting stalled. Patience is a virtue they say. :)
We really just need to take out that 0.49 level and there should be better probabilities we'll see that big move up.
RSRUSDT about to resume price discovery...Went into trading range for approximately 29 days and now things maybe looking up.
Looking for a measured move off of consolidation to about 0.066.
This bullish scenario likely happening soon if bulls manage to defend 0.0385 support level.
ZILUSDT breaking out of consolidation. Waiting for daily close.A nice textbook setup forming for this coin. Needs to be confirmed but looking good so far.
Market has been all sideways lately so watch out for more of that (e.g. false break). Assuming this breakout is strong, one may expect the current candle to close near its high and a nice follow through candle tomorrow. A re-test of the trend line support is also a valid price action in a bullish breakout scenario.
Not trading advice.
ADAUSDT about to get interesting again with potential breakout..Another textbook pattern and a potential breakout setup. Measured targets marked.
Not a trading advice. DYOR.
Theta Crypto Triangle Pattern BreakoutTheta looks to be breaking out of triangle pattern on daily chart. Setting up for a breakout also against Bitcoin.
EURGBP attempting to break key support level... going lower?We last saw the price below .8860 level in MAY-2020 so this should be significant once confirmed.
Could target the 0.8750 level upon confirmation. Waiting for the daily close for this.
CADJPY Weekly Chart Attempting a Major BreakoutBuying pressure seems to be building nicely and pointing to a possible breakout sooner rather than later.
A weekly close above 82.00 would be a bullish signal. A successful breakout could target the 84.30 area for starters.
The HR chart is showing an expanding triangle at resistance level. Looking mighty bullish IMO but still needs to break away from this consolidation pattern.
