Breakoutsetup
Break out and confirmationGBPUSD has reached top label of the H4 resistant label. I could be break the resistant label. Or it could reverse.
If it break the H4 resistant label you can buy in this zone (1.27833 -1.27499) and your
TP-1 would be 1.28966
TP-2 would be 1.29574
If it reverse from H4 resistant label you can open a sell trade from this zone ( 1.27430 - 1.27202) and your
TP -1 would be 1.26304
TP-2 would be 1.25783
Don't forget to move your SL
And you can close half your trade after reaching TP -1 and move stoploss to the entry label and wait for reaching TP -2
Thanks for watching my analysis.
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[BTC/USD] What's happening with BITCOIN!?Hello traders! Here we have BTC/USD. As you can see from TA we are fighting with the downtrend resistance line (dotted red line). (red dotted line) is showing a forming a descending wedge'ish pattern - I think, it's more likely, that we will follow this path down to around ~7,300USD levels (red dotted line) and then see a spike in price.
MACD & RSI indicators are starting to gain momentum.
RSI is near oversold mark.
MACD is below average.
IOTUSD Potential MoveI think IOTA was unique, its different, but make a move like others, go up. Good Luck
LTCUSD Join the Partylooks like all coin make same way to up, anyway, anything is possible, Good Luck
Radium acending triangle forming, Buy!I can see a good entry here, stop loss for the lower support collapse, which is possible, very possible. Smart looking low cap with lots of potential, top 30 market cap in future. good entry here for long, if upper line breaks we could stretch to expect 30usd in a few months following.
Accumulate more on second testing of lower support.
XRP- Time to Join the Bullish RaceHello guys,
Summer ended, but not the passion for cryptos. I am going to share my thoughts, based on chart analysis, about Ripple (XRP).
As you notice, I always tend to make clear and simple charts since I believe it is important to learn how to read the PRICE ACTION.
We can say the bearish trend has ended, and a bullish trend, with nice strenght, has begun. This is based on objective rules, a higher high (red arrow) and a higher low (blue) are formed. This was followed by a nice breakout of the past 2- months consolidation (july-aug, orange area). It seems the price is starting to react. Now, we just have to follow the wave.
If you take a step back, you could see a nice Triangle Patter. The breakout occured with a significant green candle. The target is based on the widht (high-low) of the triangle. Then, this distance is projected from the breakout price creating the target. We might have, of course possible reactions, but if we can go through all the obstacles (breaking highs and resistances), we will reach our target.
Thanks fellows, feel free to share your thoughts in the comments below.
Cheers,
Sebastiano
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.
AUDUSD Bullish Flag formation 4HRAs price has bounced from the trend line order set at the 382 level to go long.
Target is the 1.618 inversion/1.27 extension
BBVA - Possible breakout Interesting chart here. Almost looks like basing out as a cup & handle or an awkward bull flag. Regardless wouldn't call it a textbook pattern by any means, but I've had past success with similar patterns. Big key here is the stock price is still above the 20-55day EMA's and is consolidating rather nicely right here. I'd like to see a strong volume push to $7.00 then we can start testing overhead resistances at $7.18, $7.24 & $7.32 from there we would have blue skies until $7.82 for our next test.
EURAUD LongLong from 1.4775
Fib confluence to the PIP with 618 retracement and fib inversion 1.27.
The trend is up and we are also at previous structure
NZDJPY SELL AND BREAKOUT SETUPSell or Trade the breakout from Red lines in the bottom of blue arrows...
EURGBP 4 Hr Possible Breakout TradeI have a Long view on this pair up to the D point of the possible cypher.
Looking at how we may get there, as you can see the previous candle came all the way down to previous support and rejected this are and moved up. This current candle is in or around another are of previous support.
If we see the candle close above the trend line I feel we will see a move to the upside
