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Breakoutsignal

XRP gaining dominance after lawsuit victory!Welcome back to another analysis, where we dive into the latest market trends and chart the potential paths ahead! Today, I examined the XRP Dominance chart. The chart reveals that we've broken out of a falling wedge resistance and have since retraced to retest the former resistance line as support. Additionally, a double bottom pattern has formed, accompanied by a bullish engulfing candle on the weekly chart, right at the base support line and the previous falling wedge resistance. Notably, the volume data shows an interesting trend: XRP has seen more inflow volume than outflow, indicating potential accumulation by both retail investors and institutions. We are currently facing additional resistance, but if we manage to break through and establish a bullish trend on the XRP Dominance chart, key resistance levels to watch will be around 3%, 4%, and 6% dominance. Historically, XRP once held 30% market dominance, and I believe this project has the strength to reach that level in the long term. Turning to the BTC Dominance chart, it is also encountering significant resistance, suggesting a potential turning point where altcoins may outperform Bitcoin in the coming period. Thank you for reading, and be sure to follow for more in-depth analysis like this! For additional insights, I also share free weekly updates on X: @PuppyNakamoto. CRYPTO:XRPUSD COINBASE:XRPUSD BINANCE:XRPUSD BITSTAMP:XRPUSD BINANCE:XRPUSDT CRYPTOCAP:XRP.D
CRYPTOCAP:XRP.DLong
by WOLFofBlockStreet
6
GENUSPOWER- Bullish Breakout and Strong Volume Support Bullish Breakout Above Resistance: The stock has broken above a significant resistance level at ₹389.10, indicating a bullish trend. Range Trading Since July: The stock had been trading within a range from July, between ₹343.70 and ₹389.10, before the breakout. Strong Volume Support: The recent breakout is supported by good volume, adding strength to the bullish move. Positive RSI: The Relative Strength Index (RSI) is above 50, suggesting continued momentum in the upward direction.
NSE:GENUSPOWERLong
by GlobalMarketGuru
NQ Power Range Report with FIB Ext - 8/1/2024 SessionCME_MINI:NQU2024 - PR High: 19644.25 - PR Low: 19582.25 - NZ Spread: 139.0 Key scheduled economic events 08:30 | Initial Jobless Claims 09:45 | S&P Global US Manufacturing PMI 10:00 | ISM Manufacturing PMI - ISM Manufacturing Prices FOMC day saw strong breakout from prev end of week range - Continuing above prev session high Evening Stats (As of 10:15 PM 7/31) - Weekend Gap: N/A - Session Gap 7/24: -0.32% (open > 19946) - Gap 10/30/23 +0.47% (open < 14272) - Session Open ATR: 373.80 - Volume: 35K - Open Int: 245K - Trend Grade: Bull - From BA ATH: -6.2% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 20954 - Mid: 19814 - Short: 18675 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions. BA: Back Adjusted BuZ/BeZ: Bull Zone / Bear Zone NZ: Neutral Zone
CME_MINI:NQU2024Long
by mv3trader5