J_K Bank LONGmulti year breakout beckons.. can go really high.... we will take it step by step. TP 1 first then we will reassess
Bullishbreakout
algo appears to be possibly breaking up from purple channelWe can see here how algo’s current daily candle is confidentially above the purple channel’s top trendline and currently seeing a bullish impulse. If it validates the breakout at this spot the target is around 39 cents. *not financial advice*
ICP can head to $11.11 by maintaining support above pink channelWe can see its noticeably above the pink channel here. If it can maintain solidified support on the top trendline of the pink channel it should validate the breakout and it’s target will be $11.11 …currently we can see the other channel seen here is brown is still resistance at the moment but on the way to the target from the pink channel breakout we will need to also break above the brown channel and flip it to solid support too. Once we do, its breakout target is a little bit higher than the pink ones target so as we head to hit the pink channel breakout target, will likely also hit the slightly higher target of the brown channel breakout as well. *not financial advice*
Descending channel from the 1 month chart timeframeI just posted a version of this channel on the 3 month chart timeframe, however looking at the month time frame I also found some bullish confluence to confirm this potential channel. A deeper correction now that we have retested the top trendline of this potential channel would not surprise me from here. I arbitrarily put the measured move lines for when we could break up from this channel around May 2024, simply because the halvening occurs in mid to late april so it seemed like a reasonable area to expect us to finally overcome this channel. We’re we to break up from the channel in that exact spot, the measured move for the channel breakout on its own looks like it would take us to 80k. If it was more than just a channel and also a valid bull flag the measured move I get for the bul flag appears to be slightly under 100k. On the 3 month chart the bull flag was slightly over 100k but that may also be because I placed the measured move line arbitrarily earlier than may as I have done for this 1 month chart representation. Will be interesting to see how this plays out. The silver lining here is that if this channel is valid and price is about to flip back to the down trend for a few it is simply another opportunity to accumulate for the upcoming liftoff which is likely to occur post halvening. *not financial advice*
Cup and handle to watch on the Bluzelle weekly chart. We currently have 1 weekly candle close above the rimline of the cup. I want to see at least 2consecutive weekly candle closes above the rim and a 3rd candle maintaining support before I’m ready to say probability favors a breakout validation. If it does breakout here the measured move will be around 63 cents. *not financial advice*
Will Doge trigger the channel breakout?We can see Doge’s price action has just recently breached the top trendline of this channel its been in for so long. Should it validate the breakout the target from here would be a measured move to 13 cents. Of course there’s always a decent chance that this candle could go back under the trendline before it closes, s as always patience must be exercised here. Of course the closer we get to confirming phase 2 of the bull season the less the priceaction of most chart patterns is going to dip back below the the trendline before the official breakout confirmations so its possible this could validate a breakout on this initial first brea above the trendline as well. I’m personally going to wait and see where this candle closes..I anticipate if it can close 3 consecutive daily candles above or maybe 1-2 weekly candles above the trendline then it is likely to validate. *not financial advice*
Avax confirming the log channel breakout.You can see on this log chart that Avax has confirmed a breakout above the yellow channel. On its way to the breakout target it has los broken above an inv h&s neckline. This is a very asymmetrical inverse head and shoulders pattern as we can see the right shoulder is extremely tiny and the head appears to be Siamese. All the same if this inverse head and shoulders pattern also validate the breakout target for it is around $56. *not financial advice*
If Solana hits full target it will gain 358% from recent bottomMany cryptos are testing the breakout up from a bear flag right now (gala, mana, qnt to name a few). Many of these bear flags flag is also a descending channel. Their flags seem most valid on a weekly chart…I just took a look today at solana and sure enough it also formed a bear flag with a descending channel for a flag, but it is already way further along in its breakout than many of the others. If it reaches the full measured move target which is the length of the flag pole than it will have made 358% gains from the bottom. Also the fact that it has clearly broken upward from its bear flag should increase the likelihood of the other alts currently in the same pattern breaking upward from theirs as well…of course this is not always the case….there has been plenty of times in the past when the entire market was forming cup and handles and only 4-5 of the cup and handles broke up and reached their targets before the rest failed…failures like that usually only occur after we have been in an uptrend for awhile, so since this would be a reversal breakout from the current downtrend it increases the likelihood that most of the patterns should trigger since the bullish momentum is only just now getting started. A good early indicator will be if solana hits the full 100% target. *not financial advice*
15 consecutive daily candles above totals descending channelWe can see price action came back down to retest the top trendline of this descending brown channel with exact precision and held above it now for 14 consecutive 1day candle closes. It is very likely to close a 15th consecutive candle here soon. We can see one wick back below the top trendline of the channel that was ultimately supported by the 1 day 5ma(in orange). That 50ma is now getting closes to rising above the channel itself for added springboard support. We can also see that the daily stoch rsi is reet as well with plenty of room to head upward. Everything is looking very good for the breakout of this channel to be validated in the ear future. *not financial advice*
Greyscale appears to be breaking out from cup & handle patternFresh off the heels of their victory against the SEC, it seems as though it is now very likely this breakout will be confirmed on this cup and handle pattern on the 1 day chart on the GBTC greyscale chart. We can see priceaction has already retested the rimline as solid support before the current big green impulse candle. Also a very nice bullish impulse on the volume candle as well for bullish confluence. *not financial advice*
Solana nearing the precipice of a breakout?We can see that solusd’s price action is now retesting the top trendline of this purple symmetrical triangle it has been in since around august of 2023. Obviously it only matters once we break above this trendline and flip that trendline to solidified support. Until that time one must remain levelheaded and not chase any breakout that is unconfirmed. If it were to trigger a breakout sometime within the next few days the target would be around $50 or slightly higher. The top trendline of this triangle also qualifies as an inverse head and shoulders neckline. We can also see that the measured move target for the breakout from the descending tan channel is above this neckline which increases the probability we will trigger the breakout of the purple triangle on the way up to hit the measured move target of the tan descending channel breakout. *not financial advice*
XRPUSD working on a horizontal channel breakout. Not a sure thing that the breakout will confirm here, always a chance it could correct back inside the channel once or possibly even twice before triggering the real breakout, though of course the current move could easiy be the breakout. Either way sooner rather than alter the breakout should be official and once that happens the target will be around 63-64 cents. For now the current bullish impulse looks very convincing. If it can maintain solid support on the top trendline of the channel then we will almost certainly see the recent deathcross be uncrossed and confirmed a fakeout. *not financial advice*
Total descending channel finally having a real breakoutThis descending channel we’ve been watching now for quite sometime once again has price action rising above it…perhaps this time will finally trigger the actual breakout? If so the breakout target is around 1.2 trillion *not financial advice*
Btcusd finally hits 100% target of inv h&s patternTook a long time for this one to finally reach its target but as we can see it just did with pinpoint accuracy. Been watching this one for a long time now. *not financial advice*
A confirmed breakout of linkusd’s daily falling wedge = $8.58If it confirms the target is around $8.58. Confirming this breakout would likely ensure the recent golden cross is sustained as well. *not financial advice*
HCLTECH - Bullish Consolidation Breakout with VolumesNSE: HCLTECH is closing with a bullish consolidation breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 13% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
KNRCON - Bullish Consolidation BreakoutNSE: KNRCON is closing with a bullish consolidation breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 13% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
BOROLTD - Bullish Consolidation Breakout with VolumesNSE: BOROLTD is closing with a bullish consolidation breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 13% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
ACC - Bullish Consolidation Breakout with VolumesNSE: ACC is closing with a bullish consolidation breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 11% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
DCAL - Bullish Consolidation BreakoutNSE: DCAL is closing with a bullish consolidation breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 13% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Downtrendline BreakoutThe stock has broken a two year downtrendline with good volumes. Buy at 90.60, accumulate till 72 for a long term target of 311.
1st of 3 ltc targets hit!The $90 target from the smallest inv h&s (with the cyan neckline) has just been hit! We now have 2 more left to hit. And in hitting the tallest one it will take us up above the magenta trendline which will put into play an even higher possible target…until that happens we will not include that 4th potential target on the chart but probability is starting to favor that 4th target. As always when one target gets hit a retrace is very possible..we can already see a bit of a wick has formed..hard to say how much of a retrace will occur before it continues towards the second target though *not financial advice*
LUXIND - Bullish Consolidation BreakoutNSE: LUXIND is closing with a bullish consolidation breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
