Breakouttrading
$NYSE:BBAI 72% Upside - Breaking double bottom resistanceLooks like NYSE:BBAI is finally breaching the double bottom resistance line.
Volume is respectable, relatively higher.
Squeeze is starting to expand
MACD and Williams %R are also flowing in the right direction.
Entry point - anything after the stock closes above $4.81
Initial Price target is ~$8
72% Upside
$NASDAQ:APPS Breaking Out on Massive Volume 73%++ upsideNASDAQ:APPS is breaking out, having closed above the double bottom pattern resistance (at $4.64).
Entry: Any point now. If you want to get it at a more affordable price point, this may retest $4.64.
Price Targets:
$8.06 to complete the Double Bottom pattern 73% upside
$9.91 to complete the Falling Wedge pattern 113% upside
#GNOUSDT remains weak after a strong drop📉 SHORT BYBIT:GNOUSDT.P from $181.40
🛡 Stop Loss: $186.50
⏱ 1H Timeframe
✅ Overview:
➡️ BYBIT:GNOUSDT.P experienced a sharp rally above $210, followed by an equally strong pullback.
➡️ The POC (Point of Control) at $187.27 indicates the highest liquidity area, which serves as a strong resistance level.
➡️ Price is consolidating below $183.12, signaling potential seller dominance.
➡️ If $178.55 breaks downward, further decline toward $175.30 is expected.
⚡ Plan:
➡️ Enter short upon a confirmed break below $181.50.
➡️ Stop-Loss placed at $186.50, above the resistance zone.
🎯 TP Targets:
💎 Take Profit1- 178.55
🔥 Take Profit2- 175.30
🚀 BYBIT:GNOUSDT.P remains weak after a strong drop—expect further downside.
Bitcoin - This Cycle Is Pretty Clear!Bitcoin ( CRYPTO:BTCUSD ) is still 100% bullish:
Click chart above to see the detailed analysis👆🏻
It is actually quite a surprise that we did not see new all time highs on Bitcoin for the past two months. However we had the same thing happening back in 2017 before Bitcoin actually finished the cycle with a parabolic blow off top. So we all know what is very likely to happen next.
Levels to watch: $70.000, $300.000
Keep your long term vision,
Philip (BasicTrading)
Bullish Outlook on 4H Chart: Key Fibonacci Levels in Focus
AUDCAD appears bullish on the 4-hour chart, with the first resistance level (Level 1) at 0.90550. A breakout above this level could drive the pair toward the next key resistance (Level 2) at 0.91257, aligning with Fibonacci retracement levels.
Nasdaq - Starting The Final Parabolic Year!Nasdaq ( TVC:NDQ ) is perfectly following the breakout:
Click chart above to see the detailed analysis👆🏻
Back in 2020 we already witnessed the channel break and retest, which was followed by a parabolic rally of another +50%. And in mid 2024, the Nasdaq again broke the channel trendline towards the upside, preparing the repetition of the parabolic rally which we saw four years ago.
Levels to watch: $30.000
Keep your long term vision,
Philip (BasicTrading)
SBICARD – Descending Triangle Breakout 920 to 1100+ TargetSBICARD has been trading within a descending triangle pattern for an extended period, with lower highs and a strong horizontal support. This pattern is typically bearish but can lead to bullish breakouts when resistance is breached, as seen in this case.
Breakout Confirmation & Key Levels
Resistance Breakout:
The stock has successfully broken above the descending trendline resistance, indicating a potential trend reversal.
Buying Zone:
Above ₹800 – A sustained move above this level confirms the breakout.
Stop-Loss Level:
Below ₹750 – Any close below this level could invalidate the bullish setup.
Target Levels:
Initial Target: ₹920+
Projected Target: ₹1100+ (based on pattern height projection)
$NASDAQ:RGTI Pennant Pattern with 72% upsideNASDAQ:RGTI I'm revising an earlier post to clarify that this is actually a Pennant pattern that has formed for RGTI.
Entry Point:
Conservative - wait until the stock closes above $13.98, which should indicate a breakout.
Riskier - Anything above $12.03
Price Target:
The upside is 72% - $24.00
BTC / USDT : Breaking out from Trendline resistance BTC/USDT: Breaking Out from Trendline Resistance – Is the Next Bullish Rally Here?
Bitcoin (BTC/USDT) is making a strong move 📈 as it successfully breaks above a key trendline resistance zone 📊. After a period of consolidation, BTC is now showing signs of strength, potentially setting the stage for a major bullish rally 💥. If the breakout holds, we could witness a strong upside move in the coming days 🚀. Keep an eye on this breakout and wait for confirmation before making any decisions.
Key Insights:
1️⃣ Trendline Breakout: Bitcoin has finally cleared a critical trendline that has acted as strong resistance in previous attempts. Holding above this level could trigger significant bullish momentum.
2️⃣ Volume Confirmation: A surge in trading volume alongside the breakout will be a key confirmation of strong buying interest 🔥.
3️⃣ Bullish Momentum: Indicators like RSI and MACD are turning positive ⚡, signaling increasing bullish strength.
How to Confirm the Breakout:
✔ Candle Close: Look for a clear 4H or daily candle closing above the trendline 📍.
✔ Volume Surge: A noticeable increase in volume adds confidence to the breakout 📊.
✔ Retest as Support: If BTC successfully retests the broken resistance as a new support zone, it strengthens the breakout ✅.
✔ Beware of Fakeouts: Sharp reversals or long wicks above the trendline could indicate a false breakout ⚠️.
Risk Management Strategies:
🔒 Set stop-loss orders to manage downside risk.
🎯 Adjust position sizing to fit your overall trading strategy.
This analysis is for educational purposes only and not financial advice. Always do your own research (DYOR) before making investment decisions 🔍.
#ATOMUSDT further bullish movement📈 LONG BYBIT:ATOMUSDT.P from $4.842
🛡 Stop Loss: $4.800
⏱ 1H Timeframe
✅ Overview:
➡️ BYBIT:ATOMUSDT.P is bouncing off key support at $4.800, confirming buying interest.
➡️ The price has broken through $4.842, which could trigger further bullish momentum.
➡️ POC is positioned lower, suggesting strong volume accumulation below, reinforcing the bullish trend.
➡️ Primary upside target: $4.905, followed by $4.960 if momentum continues.
⚡ Plan:
➡️ Enter LONG from $4.842 if price holds above this level.
➡️ Manage risk with Stop-Loss at $4.800 to protect against sudden reversals.
➡️ Main upside targets:
🎯 TP Targets:
💎 TP1: $4.905 — first resistance, potential profit-taking level.
🔥 TP2: $4.960 — next strong level for possible exit.
📢 If the price holds above $4.842, further upside toward $4.905 and $4.960 is likely.
📢 However, if it drops below $4.800, the bullish setup may be invalidated.
🚀 BYBIT:ATOMUSDT.P Expecting further bullish movement!
Breakout! The start of a major downside breakout? CADNOK has been consolidating since mid-2023. Price action has formed a clear symmetrical triangle on the weekly chart. The breakout is imminent.
With the CAD's future looking gloomy, the price may finally have the momentum it needs to break the consolidation. From a technical perspective, the price is coming off daily and 4-hourly moving averages.
#BNXUSDT - Expecting price decline📉 SHORT BYBIT:BNXUSDT.P from $0.4377
🛡 Stop Loss: $0.4502
⏱ 1H Timeframe
✅ Overview:
➡️ BYBIT:BNXUSDT.P experienced a sharp pump, but after reaching $0.4735, signs of buyer exhaustion appeared.
➡️ The $0.4377 level now acts as a key resistance area. If the price fails to hold above it, a downward move is expected.
➡️ POC at $0.3045 confirms a high-liquidity zone, which could serve as a deeper retracement target.
➡️ High volume on recent candles suggests profit-taking by buyers, increasing the probability of a decline.
⚡ Plan:
➡️ Enter SHORT from $0.4377 if the price confirms rejection at resistance.
➡️ Risk management through Stop-Loss at $0.4502, above key selling pressure.
🎯 TP Targets:
💎 TP1: $0.3941 — first profit-taking level.
🔥 TP2: $0.3600 — next major support zone.
🚀 BYBIT:BNXUSDT.P Expecting a reversal and price decline!
📢 After a sharp price surge, BYBIT:BNXUSDT.P is showing weakness around $0.4377. It’s crucial to monitor this level for potential rejection.
📢 If the price breaks below $0.3941, further downside movement is likely, targeting $0.3600. However, if the price climbs above $0.4502, the short scenario could be invalidated.
#ONDOUSDT expecting further upside📉 LONG BYBIT:ONDOUSDT.P from $1.4891
🛡 Stop Loss: $1.4667
✅ Overview:
➡️ BYBIT:ONDOUSDT.P is trading in a consolidation range, forming a local support level around $1.3705.
➡️ POC (Point of Control) is at $1.3631 , indicating the area with the highest trading volume.
➡️ The price has broken a resistance zone and is now testing it as support, which could be a long entry signal.
➡️ If the asset holds above $1.4048, an upward move towards the next resistance levels is likely.
⚡ Plan:
➡️ Entering a long position at $1.4891 after confirming a hold above the key level of $1.4048.
➡️ Stop-loss is set at $1.4667 , below the recent support zone.
➡️ Expecting a bullish push with a target of $1.5699.
🎯 TP Targets:
💎 TP 1: $1.5699 – the first target level where partial profit-taking is recommended.
💎 TP 2: $1.6000
📢 BYBIT:ONDOUSDT.P shows signs of potential growth, but it’s crucial to monitor the $1.4048 level – a breakdown below could lead to further decline.
📢 Volume remains at an average level, indicating possible position accumulation before a move.
📢 To confirm a strong uptrend, price must hold above $1.4891 and successfully test the $1.5699 resistance level.
🚀 BYBIT:ONDOUSDT.P is shaping a bullish scenario — expecting a breakout and further upside!
Ethereum - We Will See This Breakout!Ethereum ( CRYPTO:ETHUSD ) is ready to catch up:
Click chart above to see the detailed analysis👆🏻
For the past couple of months, Ethereum has been retesting the previous all time high resistance and was actually not able to break it. However, following the rising channel pattern, the bullish break and retest and price action, the breakout is about to happen.
Levels to watch: $4.000
Keep your long term vision,
Philip (BasicTrading)
$NASDAQ:RGTI 57% Upside: Consolidation Breakout WatchNASDAQ:RGTI has been in a consolidation pattern for the past ~11 trading days. Creating a nice volume shelf of support. It continues to bump up to the line of resistance, but hasn't broken through.
Here's the trade:
Conditions:
The stock price closes above the line of resistance ($13.98)
Volume is relatively higher than recent bars (a spike)
Squeeze is firing indicating a positive release (light blue bars)
MACD has signaled a buy
Williams %R continues to ascend, preferably into the upper 20%
Entry: Anything above the 13.98 close.
Price Target:
$22.00 - 57% above the resistance line.
Note: There may be some resistance and pullback when trying to cross $17 and $20
Caution!
Quantum computing stocks have been volatile, so pay attention!
Gold Struggles at Trendline Resistance: What’s Next?Gold Weekly Analysis
Trendline Resistance:
Gold's price has repeatedly struggled to break above the rising trendline, signaling strong resistance in this area.
Support Zone Strength:
The previous resistance zone has flipped into a solid support level, providing a safety net for any pullbacks.
Next Move:
A breakout above the trendline could trigger a strong bullish continuation.
A rejection here may lead to a pullback, with support near $2,387 acting as the critical level to monitor.
Gold (XAU/USD) Surges Past 50% FIB – Is $2,000 Next?
📌 Key Breakthrough in Gold!
Gold (XAU/USD) has just blasted through the 50% Fibonacci retracement level, a critical discount zone where buyers historically step in. This breakout has triggered a wave of bullish momentum, pushing price towards key resistance levels.
🔎 Technical Breakdown:
✅ 50% FIB Breakout: Price has cleared this key retracement level, signaling strong buyer demand.
✅ Key Resistance Ahead: The $2,765 zone remains the next major hurdle—a breakout here could accelerate price toward $2,825.
✅ Support Zone: The $2,745 level serves as immediate support, acting as a potential pullback area.
✅ RSI Overbought? The RSI is approaching overbought conditions, meaning a short-term consolidation could occur.
✅ MACD Crossover Incoming? A bullish MACD crossover is forming, reinforcing the upward momentum.
⚡ What’s Next?
If gold holds above the 50% FIB level and breaks $2,765. with strong volume, a push toward $2,825+ could be in play. However, failure to hold this breakout could trigger a pullback to $2.700 or lower.
📊 Will gold continue its bullish run, or is a pullback incoming? Drop your thoughts below! 👇
🚨 This is not financial advice. Always do your own research before making trading decisions.