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Breakoutsignal

BTC/USDT Current StatusBitcoin remains in breakout and has strong support above 51,000. Right now we are seeing a slight pull back that will (in hopes) likely bounce from its trending supports and moving averages. Listed are two possible scenarios, a dip in RSI and a bouncing from the up tending support line, or a short period of sideways choppy action bouncing in between the local channel until a breakout. We are anticipating a breakout because of the current market sentiment of BTC. A breakdown would be a violation of the trending support line which could lead to a dump further to the breakout support trend around 50-51k. I will update this chart and many more as more candles are produced. Make sure to give a follow and feedback. Thanks for viewing.
by UnknownUnicorn28488832
1
FTM new channelMade a nice profit from the last FTM idea, pls check the link below. Since breakout, two weeks ago, FTM respecting this ascending channel and now looks like it could create a new one above it... Respected new parallel, but it was also horizontal resistance level so it still waiting for confirmation. Now I have some ideas about new entry points... Interesting is that the lower channel resistance level (now should be support) is near fib 0,382 so it could be the first level to watch on for possible bounce... Breaking that high we got rejected is also a good entry. Entry points are on the chart. Good luck traders
by PhilosophersStone
ETHUSD - BREAKOUT NOT CONFIRMED YET !Despite a second consecutive daily closing above the clouds (around 3'500),(high @ 3632), the ETHUSD is still showing some uncertainty about further development as you can see the recent and current price action on this daily chart. Indeed, as I already mentioned yesterday, we still need to see, a "real" breakout confirmation, which, for the time being, it is not the case yet !!! Therefore, once again, today's closing might perhaps gives more clues about further direction and if the breakout confirmation does not occur soon, the bears will regain power to reverse the ongoing upside price action. Last but not least, the validation of the clouds breakout will be given by the Lagging span price action too !!! CONCLUSION : Monitor closely intraday shorter time frames as a failure to hold above 3'500 should be seen as a warning signal for a reversal !!! Ironman8848
by Ironman8848
5
BTC/USDT BREAKOUT Bitcoin to USDT is now in a breakout in the 1D time frame. We need the daily candle to close above the resistance line (Pink Trendline) to be able to confirm this breakout. If confirmed we can see further push into the Bull Territory marked zone and on its way to 53k soon and possibly 55-60K within this month(October). There can still be a retest of the newly formed support(Pink Trendline) but so long as we remain above the resistance line (Pink Trendline), we are considered bullish as long as confirmed. This will allow the rest of the market to follow and push very heavily. Next upcoming chart will be BTC Dominance.
Long
by UnknownUnicorn28488832
HCI Breakout SetupHCI is setting up in a textbook breakout pattern. Big sales growth last few quarters and the stock is up accordingly. Relative strength is in the 95th percentile, and the stock has held up well even with the recent selloff. Shares are consolidating, and contractions have shrank from 15% down to 5%. At the same time, volume is contracting - a sign that sellers are sparse, even under the pressure of a mild market selloff. I have a buy stop set at 115.45. If triggered my stop will be at 109.65 for a risk of 5.0% on the trade.
NYSE:HCILong
by rossgivens