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.
Breakoutsetup
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.
ICXUSDT breakout setup still in play?Very weak breakout followed by a move back into consolidation range so this was a no go.
But fakeouts like these can sometimes follow through on the original breakout premise with a vengeance.
So yes, I think this is still in play. But I think it's better to wait for a strong signal before entering. Specifically, I'm waiting for the current candle to close near its high with decent volume. Market might leave me behind but that's okay. There will be other opportunities to buy this if a bull run materializes (e.g. look for a buy above 0.53... etc.)
ICXUSDT breaking out of consolidation? Price has been trading within a range that seems to be contracting these past few weeks/months but there are indications we may be seeing a potential change in theme.
Watching out this potential breakout in progress. I'd say wait for a weekly close but a daily close would be a bullish signal too.
LTCUSD near key resistance arouund 137-140A break above 137 opens up a likely run for the previous ATH. One of the higher probability trades out there. :)
GBPNZD key resistance 1.91 holding so far...Previously mentioned the 1.91 level as a breakout confirmation level (weekly closing basis) and seems to be holding so far despite repeated bullish reversal attempts.
This pair is a thick market (i.e. lotsa overlaps between candles/bars) and anyone trading this needs to be (mentally) prepared for it. That said, we will not want to see that 1.91 level tested again as that would indicate we may be in a trading range rather than a bear trend. If you were not shaken out by that pullback and held on to the breakout premise, you may see the price lower soon.
But we are not out of the woods yet and need that bearish follow through. First target for this is breakout is 1.83 but I do see at least one support level that we need to watch out for.
AUDUSD potential wedge top to break lower to target 0.7223?Currently still testing resistance at 0.7385. Pair may be looking at 0.7223 as a possible price magnet so watching out for a break lower (0.7325) as I indicated in a related post (see link below). This is a short-term setup as I am still bullish overall, especially if market breaks 0.7385-0.7400 on a daily closing level. Alternatively, waiting for a buy setup at 0.7325 is also reasonable rather than shorting.
GBPNZD bearish breakout confirmed. Where to next?The weekly close below 1.91 confirmed this breakout and now watching out for that follow through. This breakout is pretty significant as the trendline support has held since 2016.
Looking at the 1.83 levels as initial price targets.
GBPNZD broad channel uptrend since 2016 finally breaking?Weekly chart showing a breakdown. This took a few tries and required some patience but looks like price may be headed lower below this rising channel from the OCT-2016 LOW.
First target for a successful breakout is the 1.83 level.
Note that this is the WEEKLY CHART...
GBPUSD Ascending Triangle of 4 hourGBPUSD has been in a upward momentum over the past weeks. We've seen potential reversals that failed so the pair is most likely to break on the upside and continue the trend.
Disclaimer: Analysis is subject to market changes.
XTZUSDT: Waiting for a falling wedge breakout herePotential breakout setup for this coin.
We may be looking at a down day today but waiting for the close.
Altcoin market cap needs to stay above 155 billion for this setup to remain viably bullish. Otherwise, I will pass.
LTCUSDT rising wedge could indicate topping but...... as long as the price stays above 64, I'm staying near term bullish.
My opinion.
