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Bullishbreakout

$CHR/BTC 4h (Binance Spot) Falling wedge near breakoutChromia has formed a bullish pattern and looks ready to break-it, but we may see a last pull-back to 100EMA first. Current Price= 0.00000871 Buy Entry= 0.00000838 - 0.00000806 Take Profit= 0.00000926 | 0.00001012 | 0.00001132 Stop Loss= 0.00000739 Risk/Reward= 1:1.25 | 1:2.29 | 1:3.73 Expected Profit= +12.65% | +23.11% | +37.71% Possible Loss= -10.10% Fib. Retracement= 0.618 | 0.893 | 1.272 Margin Leverage= 1x | 2x Estimated Gain-time= 2 weeks
Long
by TradingOn
$AMB/BTC 1D (Binance Spot) Big falling wegde breakoutAmbrosus is ranging for quite some time and TL support is holding, seems to be almost ready for next impulse. Current Price= 0.00000080 Buy Entry= 0.00000080 - 0.00000072 Take Profit= 0.00000097 | 0.00000116 | 0.00000146 Stop Loss= 0.00000059 Risk/Reward= 1:1.24 | 1:2.35 | 1:4.12 Expected Profit= +27.63% | +52.63% | +92.11% Possible Loss= -22.37% Fib. Retracement= 0.236 | 0.382 | 0.618 Margin Leverage= 1x Estimated Gain-time= 3 months
ALong
by TradingOn
3
We may only just now be breaking above the falling wedge It appears now that the falling wedge I spoke about a couple ideas back may only just now be having priceaction breaking above it. If this is the case it means that the top trendline of the wedge was actually at a slightly less acute angle. Either way in the long run it wouldn't surprise me if we end up reaching the target of the wedge with the more acute top trendline as well as the price target of the wedge shown here with the new top trendline, if this correction is finally over. If this new top trendline is the more valid wedge then the breakout target is around 47k. Should we reach this target that will carry price action reasonably above both the 1 day 50ma and 200ma and could help cause the recent deathcross to end up being more of a bear trap fakeout than a deathcross. We are also inside a channel with the descending green trendline representing the top of the channel and the bottom purple trendline of the wedge also acting as the bottom trendline of the channel. We're we to confirm a breakout from the wedge right here and have a measured move target of 47k,. odds are good we would break out upward from the channel on our way to that 47k target. We can see already that the first candle above the new top trendline on the daily chart has already retested the trendline as support. That is a good sign for the bulls but we won't have confirmation of the breakout in my opinion until we see 3 consecutive 1 day candle closes above the trendline or a huge surge in bullish volume and a big green candle to go with it. whichever happens first. For now there is no confirmation of a breakout here on this new top trendline of the wedge but it is looking promising. Stoch rsi still has a good amount of room to move upward on the 1 day chart as well.
COINBASE:BTCUSD
by DrDovetail
2
$BTC/USDT 4h (Binance Futures) Falling broadening wedge breakoutBitcoin has broken out bullish locally then got rejected on 100EMA. Now it is pulling back and about to retest the wedge, let's catch next dip! Current Price= 32734.74 Buy Entry = 31964.00 - 31176.00 Take Profit= 34498.00 | 35988.00 | 38235.00 Stop Loss= 29472.00 Risk/Reward= 1:1.4 | 1:2.11 | 1:3.18 Expected Profit= +27.81% | +41.97% | +63.33% Possible Loss= -19.95% Fib. Retracement= 0.5 | 0.618 | 0.786 Margin Leverage= 3x Estimated Gain-time= 2 weeks
Long
by TradingOn
$TRX/BTC 4h (Binance Spot) Descending broadening wedge breakoutTron has broken out bullish locally and looks ready to continue upwards after that 100EMA retest! Current Price= 0.00000191 Buy Entry= 0.00000190 - 0.00000184 Take Profit= 0.00000205 | 0.00000219 | 0.00000237 Stop Loss= 0.00000172 Risk/Reward= 1:1.2 | 1:2.13 | 1:3.33 Expected Profit= +9.63% | +17.11% | +26.74% Possible Loss= -8.02% Fib. Retracement= 0.786 | 1 | 1.272 Margin Leverage= 1x Estimated Gain-time= 2 weeks
Long
by TradingOn
$NAV/BTC 1D (Binance Spot) Falling wedge breakout & retestNavcoin has broke out bullish few days ago, it is now pulling back and retesting the wedge, time to go for a swing! Current Price= 0.00000969 Buy Entry= 0.00000975 - 0.00000915 Take Profit= 0.00001247 | 0.00001598 | 0.00001853 Stop Loss= 0.00000743 Risk/Reward= 1:1.5 | 1:3.23 | 1:4.5 Expected Profit= +31.96% | +69.10% | +96.08% Possible Loss= -21.38% Fib. Retracement= 0.382 | 0.618 | 0.786 Margin Leverage= 1x Estimated Gain-time= 1.5 months
NLong
by TradingOn
KEY/USDT Bullish breakout for Selfkey 250% in playWe recently posted KEY/USDT when it still was within the symmetrical triangle. Now we got a bullish breakout and do see resistance that pulled us back to 0.012 twice already. However, looking ahead we don't expect to get rejected a third time. Volume is increasing which is a bullish sign. Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
KLong
by tumbler55
ethusd may be following maticusd's leadethusd is also in a bit of an inv h&s that it has also broken above...it isn't quite as high above the neckline as matic is though so it currently has somewhat less probability of validating the breakout as maticusd does. Eth's pattern probably also could qualify as an adam an eve double bottom. Should ethusd's pattern get validated it could reach a target of 3.7k which wouldn't create a new all time high unlike matic which will create a new all time high by reaching the measured move...as with any pattern that forms on as small of a time frame as the 1 hour chart however we must remember that patterns on this small of a time frame get invalidated all the time so even though price action is currently above the neckline its still fairly easy for it to dump back below before reaching the target since it is on such a small time frame. For that reason I will list this idea as neutral.
KRAKEN:ETHUSD
by DrDovetail