RSRUSDT potential breakout setup from this textbook pattern...Keeping it simple here as per usual. This as good as it gets if you're a breakout trader.
This coin is in price discovery mode so.... moon? :)
Breakoutsetup
LTCUSD consolidating for a potential breakout move...Litecoin is acting funny IMO. Seems to have lost momentum and is currently showing bearish signals (maybe for a potential deeper correction or a re-test off that recent low at 111.00?). Looking for a breakout here but I'm thinking it can go in either direction with a 50-50 chance so not a good bet right now for me until we increase the odds a little for either direction. I've actually converted my LTC holding into another coin as LTC seems like it's going to be outpaced by other coins.
Of course I may be wrong and LTC could explode to the moon but I'm going with my price action analysis here and live with whatever the results may be... :)
ZILUSDT still consolidating below resistance... breakout soon?Posting about ZIL for 2 days in a row because I really like what's happening here.
Market is a bit confusing right now but wouldn't it be amazing if this pair broke out of consolidation off of this diamond pattern? :)
Not trading advice.
VETETH rallying to test trading range resistance level?Currently attempting to break that double-bottom neckline. If confirmed, opens up a run to range resistance for a possible bullish breakout scenario...
The bottom is probably in, folks! :)
Will VETUSDT close the week above key level again?Has been ranging for the past 2 weeks but last week closed above 0.0265 (barely) which I think is a key historical level (former highest weekly close for $VET). Market traded back below this level this week which indicated a possible false break but it seems the bulls may yet save the week for VeChain and, with just a couple of hours till weekly close, we may see the price close above 0.0265 again for the second consecutive week.
I do believe this is significant. And it's even better if we close this week above last week's closing price (0.0271).
Note, however, that the market is in a trading range right now so we are not out of the woods yet until we see that follow through buying to get us out of this 2-week price range. But closing the week above 0.0265 again definitely improves the odds toward that end.
The BTCUSDT level that I am watching while market goes sidewaysAdding a bit more confidence that current prices could attract more buyers soon. I think 33k is logical support and may be a good buyers zone.
Note also the downward volume trend as price consolidates further. Looking bullish to me honestly.
BUT...
This bigger pullback may be confusing traders right now and we may see more sideways before resuming up. An even bigger pullback is also possible of course.
Daily chart indicating that this pullback is now in its 2nd leg down. The 2nd leg doesn't have to go lower than the preceding low (Triangle?)... but we'll see.
Not trading advice.
ZILUSDT making another breakout attempt out of consolidationA bit of momentum on the bulls side might finally push the price higher and out of this descending broadening wedge.
A confirmed break opens up a run to new ATH and into price discovery mode.
VETETH bullish reversal scenario and the key near term levels...From a previous post, bullish scenario off of a trading range bottom is looking better IMO. Now we've had a re-test of the low forming what could be a possible double bottom reversal.
Just needs to break that neckline around 0.0000233
VETUSDT finally saying goodbye to 2-cents? Breaking that key 0.0265 level is pretty significant IMO. While we still need to wait for a HTF close (e.g. daily close) to confirm, something tells me the bulls have momentum on their side and we may see further breaks of resistances in the near term.
Current resistance is a trend line resistance drawn from the 06-JAN-2021 HIGH.
LINKUSDT breakouut to ATH imminent? Key level in play...LINK is killing it with its recent rally and looks to re-testing 18.80 key resistance level. Break that on a weekly close basis and higher chances for prices to run new ATHs.
EURNZD forging a bullish reversal (potential inverted H&S setup)Currently at support and forming a potential breakout setup off of an inverted HS. Let's see how it deals with that neckline if the buying pressure persists.
IOTUSDT making a break for it... Breakout setup back in play. Waiting for a weekly close here but not beyond me to entering small and early if LTF price action shows a strong possibility.
EURUSD currently at support levels. Will they flip?Wedge top breakout with follow through sell-off. Seeing support region at 1.1230-60 and bears will be looking to flip that to continue sell-off.
On the other hand, bulls camp will look to buy at these areas. We might see a broad trading range going forward.
Neutral for now but looking to buy until we see a clear break below support.
LAZR: WEDGE ABOUT TO BREAKLAZR :
Nice consolidation within a symmetrical triangle / wedge . Ready to break.
A break to the upside would give us a first potential target of 46.50 usd +
Wait for confirmation before entering as it could also break to the downside.
One concern: the 200 MA is quiet far.
But I'm leaning slightly bullish based on the Tenkan support (Blue line-Ichimoku).
Trade safe.
BTC Dominance Lower High Forming for a potential H&S ReversalSeeing the bearish case suggested in previous posts getting stronger.
Let's see if it re-tests that neckline from here.
LINKUSDT about to make a run for ATH? Levels to watch.It can be argued that we are seeing a breakout and re-test setup for this pair. If we work under that premise, it's reasonable to to expect a subsequent test of the 19.00 levels for a new ATH attempt. But only if 15.80 holds. Otherwise, more sideways to down are likely.
Looking for a strong bullish close in today's candle.
ZILUSDT forging a continuation pattern...Another one I am watching for a potential breakout setup.
Will let the chart speak for itself on this one.
IOTAUSDT attempting break out. Inverted H&S in HTF in play? See related idea for a bit more info on this setup. If breakout is confirmed, reasonable target to would be 0.90 area representing a measured move from the inverted head and shoulders setup (see weekly chart in related idea).
ETHUSDT just bounced off that 1,125 key level... Now to ATH?Yes, please. ;)
We may still see more trading range price action (note the lackluster volume) but as long as 1,125 holds on a daily closing basis, short-term buyers should be on the right side of the market.
USDCAD negotiating a potential bottom. Levels I'm watching.Support level at 1.26 and price action seeing increasing buying pressure, so at the least a possible short-term opportunity for the bulls.
IOTAUSDT potential breakout setup could materialize soon...HTF showing a major reversal pattern here. May provide a nice breakout setup above 0.42.
A cool 110% measured target so keeping this in my radar especially with lotsa altcoin breakouts happening...
ETHUSDT stalling below very key level. What's the significance?1,125 (based on Binance data) is the highest monthly close since JAN-2018. This should be a very significant price to break and would become a strong support level if price does go higher, which IMO is quite probable in the near term.
ADAUSDT breakout and re-test setup shaping up nicely..Simple but effective (especially when it works :))
Now we wait for a follow through. Still needs to close today on a bullish note (else we may see more sideways movement in the near-term).
If this continues higher, my target is that 0.36 area but watching out how market reacts to 0.23 level.
