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Breakouttrade

BTCUSDT is testing a key level In this analysis, we start from monthly timeframe and we can see how the price respected the Fibonacci retracement on 0.786 level, and we create new weekly and monthly structures. on the Daily timeframe the price created a strong area on 43-44k where the market is trying to have a breakout. On the 4h timeframe we can see how the price is testing the 0.886 Fibonacci level as new resistance. How to approach? We need to see a new breakout from the daily resistance with Volume and momentum, because that area is very strong and we could see a false breakout from it, for that reason we are following our rules. A breakout is not enough to open a new long position, the price needs to satisfy our rules. IF the price is going to satisfy all our checkpoints, we can open a new long position. the next valid resistance is on the monthly resistance on 46800 ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
Long
by InkyGrip
29
SAND DAILY CHART ANALYSIS! POINTS TO WATCH AT!Hey everyone Today i show you my SAND Daily Chart Analysis SAND did breakout of the big downtrend we had since the all time high. Currently its retesting the breakout as support and if this confirms to hold i expect a big pump within next months! How much will SAND go up? - My targets are 3.45$ / 4.40$ / 4.90$ / 5.60$ / 7.00$ How to enter and exit the trade? - DCA. Enter in parts and exit the trade in parts. I hope you guys like this idea
Long
by MM_TRADEZ
ETHUSDT is creating a descending channel The price is creating a descending channel on the daily resistance after a bounce on the 0.5 Fibonacci level on the Monthly chart. The price got rejections from the 3k resistance, it's a key level. On the 4h timeframe the price is testing the resistance on 2700$ and the market got rejections from that are. How to approach? For a bullish scenario, I'd like to see a clear breakout from the dynamic resistance and daily resistance on 3k. Otherwise, if the price is going to lose the weekly support and retest the support as new resistance we could see a new short impulse. Next valid support is 2k ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
by InkyGrip
4
MATICUSDT had a breakout from the weekly supportThe price is creating a descending channel on the daily timeframe after a false breakout on 2.6$ area. The price retested the previous support as new resistance and the market started with a descending channel. The price got a bounce on the dynamic weely support and now it's testing the breakout of it. On the 4h timeframe the price had a breakout of the weekly support and retested as new resistance. How to approach? We are monitoring the price action, we could see a retest of the weekly confluence where the price could get new liquidity for a new bearish impulse. According to Plancton's strategy , we can set a nice order The setup is invalidated if the price is going to have a breakout with a retest of the weekly structures around 1.6$ ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
MShort
by InkyGrip
Ethereum Classic breaks out of falling wedge that started in NovEthereum Classic broke up bullishly from a falling wedge that started back in November and and a general downtrend since hitting it’s all time high last May at $185. Besides the falling wedge, with a target ironically at $55 (one of the points of most resistance this past year), there is a cup and handle forming that is close to breaking out with a shorter term target right near the 2017 and original 2021 ATH of $44.... Either way this is not a coin to count out once it gets bullish unless BTC dumps. This post is focused on Tecnical Analysis of ETC, I will soon post a detailed fundamental analysis pointing out why the sudden bullish break, exceeding most other altcoin gains and those of BTC+ ETH over the past week. To sum up the fundamentals though, there is a lot of 3rd party development happening that includes ERC-21 standard NFT’s minted on ETC (for super cheap gas fees), a new DEX (HebeSwap) that brought the community from Hebe token to ETC, HebeSwap has an iOS and Android app featuring a multichain wallet, play to earn game, bridges to every major blockchain, Defi/ yield farming for ETC and other coins, and much more. It’s an all in one tool that will grow in useage exponentially once translations are finished for the daily news and the play to earn games. The rest of the app is in English already, and is available in Apple’s App Store right now. Daily transactions have been outpacing Dogecoin, Bitcoin Cash and at peaks Litecoin as well over the past 3-6 months, and it’s still growing. Hash rate is near all time highs showing the network is more secure and faster than ever, and there is a record number of active ETC wallets. Basically the idea that ETC is a dead project or unused network is verifiably false, as now it is one of the fastest growing chains for new development, and the chain itself has a major upgrade coming soon. #Bullish #Long
COINBASE:ETCUSDLong
by BrianVS
1
SOBHA - Clear swing trade entry🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout) After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
NSE:SOBHALong
by PrakWorld_Traders
Bata India - Good Breakout 🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout) After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
NSE:BATAINDIALong
by PrakWorld_Traders
NZDUSD Sell Breakout Bollinger Band Bounce With a set of Bollinger Bands with the Settings of Period: 10 Deviation: 1.500 Shift: 0 Apply to: Close EMA: 8 Shift: 0 Method: Exponential Apply to: Close Color: Red EMA: 21 Period: 8 Shift: 0 Method: Exponential Apply to: Close Color: Green When on the 1hour and 4hour time frame a candle stick touches the upper or bottom Bollinger band bounce and touch the middle Bollinger bang you have a good chance price will return and break through for longer shorts or buy at the market. use proper risk management and place stop loss at the session high!
Short
by s6xfigureforextrader
RBL Bank - Bullish Breakout🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout) After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
NSE:RBLBANKLong
by PrakWorld_Traders