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Breakoutsignal

Will SILVER Finally Break The Support Level?Hi Traders! There is a potential breakout on SILVER as it tries again to break the long-term support level.   Here are the details: Looking at the price action, it looks bearish; the market swings are lower with lower highs and lower lows. The market has broken and closed under the 20 EMA, and this is the third time around the 21.885 support level. The plan is to wait and see how the market reacts at 21.885. If the market holds above this level, then it will likely target the resistance trendline. However, if there is a break and close below 21.885, there is a good chance of targeting the long term support level at 20.696. Preferred Direction: Sell Technical Indicators: 20 EMA Resistance 1: 22.639 Support 1: 21.885 Support 2: 20.696 Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
TVC:SILVERShort
by BluetonaFX
1
Cup and Handle Pattern Breakout Arbitrum (ARB), observed on the 1-day timeframe, has constructed a substantial Cup and Handle pattern, signaling a potential bullish sentiment in its price movement. The recent breakout above this pattern confirms the bullish bias. The analysis suggests an expectation of a retest around the support zone, with an ideal entry point identified at $1.44. 🔄 Cup and Handle Pattern Formation: ARB has successfully formed a significant Cup and Handle pattern on the daily chart, a technical formation often associated with bullish reversals. The breakout above this pattern indicates a potential continuation of the upward trend. 🚀 Bullish Momentum Confirmation: The breakout above the Cup and Handle pattern serves as a confirmation of bullish momentum in ARB. This pattern suggests a shift from a consolidation phase to a potential uptrend, and traders are likely to monitor for opportunities aligned with this shift. 📉 Anticipated Retest and Entry Point: The analysis anticipates a retest of the support zone following the Cup and Handle breakout. The ideal entry point for traders could be around $1.44, coinciding with the potential retest zone. This level provides an opportunity for traders to enter bullish positions. 💡 Trading Strategy: Traders considering ARB may strategize for a potential entry around $1.44, contingent on the anticipated retest of the support zone. Confirmation of support at this level could serve as a signal for bullish positions. Implementing risk management strategies, such as setting stop-loss orders, is crucial. 🔮 Future Outlook: The technical analysis suggests a bullish outlook for ARB following the Cup and Handle pattern breakout. Traders should closely monitor the anticipated retest around $1.44 for potential entry opportunities. As with any trading decision, adaptability and risk management remain essential in navigating the cryptocurrency market's dynamic nature.
by AlexWhale
$VIX Possible Breakout? $VIX Tightest Base since 2018Weekly Chart from COVID Highs Weekly Chart has yet to break out the trend line (green bar) from COVID Highs The bottom appears to be getting tight and has consolidated sideways for weeks June - September 2023 the chart was basing which rallied 10 points in the end of September The base in June - Sept was not as tight as the chart is showing now This is even with AMEX:SPY continuing to increase but VIX holding it's range (KEY) Weekly chart showing a rounding bottom Zoomed-In Weekly Chart First we would like to see the weekly break the short term white trend line To break to the upside into the green downtrend line from COVID Highs we would need VIX weekly to break through and close above $15.75 High chance if it breaks $15.75 we will hit the top line of the downtrend which the price will depend on when this break will happen We could see highs of TVC:VIX to $17-$18 if breaks $15.75
TVC:VIXLong
by Tillbob
Revised Bitcoin Path to $155k - $210k and $100k By the HalvingHere's my Revised Bitcoin Path to $155k - $210k and $100k By the Halving study. Note: If you're using a Fib based on a Log scale these levels will change, but the $155k level is still the likely target based on a 1.618 vs a 3.618 projection. In this video I've outlined the 10 factors including the ETF money flows already coming in. Each of these factors could help ignite the other 9, and contributing to a near term mega rally. The chart bars pattern in Blue is a copy of the previous cycle where this happened, so we we know this is possible. A near term pullback from $50k is likely however, and healthy. I anticipate this would be the best / safest entry point and best scenario for a much larger push higher as noted above. I've also outlined 5 potentially negative factors which could slow growth, but are less likely. Would love to hear your comments below!
COINBASE:BTCUSDLong
by BrettFogle
1
More Pressure on GBPUSDHi Traders! GBPUSD has a bearish outlook on the 4H chart, and we could have a breakout soon as further pressure is quickly mounting on the pound. Here are the details: Looking at the price action, it looks bearish due to the market swings; the market has tested the support trendline multiple times and has had a recent price rejection at 1.26548. Additionally, the market has broken below the 20 EMA. We also have BoE Governor Bailey speaking later, and the traders will be very nervous about the worse-than-expected results from the MPC vote earlier this month. As long as the market is still below the 20 EMA, our view will remain bearish. The confirmation signal will be either a break and close below the support trendline or an opening candle below the support trendline. Preferred Direction: Sell Technical Indicators: 20 EMA Resistance: 1.26548 Support: 1.26000 Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
Zee Super Low Marketcap with Loads of PotentialWe can see that it just pinged a buy on the MACD the same time it broke a Resistance Line on the ADX This is very Promising We also had a second bounce of the .318 fib showing this is one of the final times for us to turn around an continue the uptrend from before. Volume is starting to rise, seeing more bullish volume than bearish volume. Keep an Eye out for this with such a high volume/marketcap level consistantly and previous all time high of almost $20 this thing could 1000x ! below is why zee came to our attention 📈 *Name*: ZeroSwap 🔖 *Symbol*: ZEE 💲 *Price*: $0.02238045564531504 📉 *24h Change*: -1.59% 📊 *7d Change*: 3.00% 💰 *Market Cap*: $1419572.20 🔄 *24h Volume*: $823542.18 🏷️ *Tags*: defi, launchpad, exnetwork-capital-portfolio, polygon-ecosystem, bnb-chain
Long
by Tracking_Technicals
EURUSD Breakout OpportunityHi Traders! EURUSD is in a descending triangle, and there is a possibility of a break below the trendline support. Here are the details: The market is trending down with swings of lower highs and lower lows following the break and close below the 20 EMA. Our idea is to sell rallies, looking for a break below the support trendline at 1.07237. Preferred Direction: Sell Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX