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Consolidation-breakout

BNL broke out of consolidationBNL had a pull back mid June and has since recovered to make new all time highs. Since breaking out it has been consolidating right above resistance hence making it a new support level. * New company * Steady up trend * Pays generous dividends * Broke above pull back with relatively higher volume (7.28%) * Creating new support level from the broken resistance * Price is at a great point! Trade Idea: * Entry at previous close $27.63 * Stop at $26.20 (~5%) * Target at $33.17 (~20% ROI)
NYSE:BNLLong
by HaseebKhan_90
ADAUSD Forming Cup And HandleI have to make this post fairly quick because I have a long day ahead of me. The gist of it is, ADA has formed a cup (albeit an ugly one but still valid) and has started to form a handle. I am guessing this will be the catalyst for the push past the 3.00 mark into new high territory. If the pattern completes, we have a target of 3.37. If the pattern breaks, it will further consolidate in one of the support zones I have mentioned in my last post. It is very clear that ADA will make a run to test the all time high soon. Only time will tell. Remember, if a push happens and it fails, expect a strong pullback to a support zone. Mark the support zones I have created in my earlier chart with alerts and also set an alert for the all time high. This way, even if you are busy, you will have time to react to the price change. I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it. Now lets talk about why ADA has so much strength. Cardano is about to release smart contract September 12 with the Alonzo release. This addition makes it a viable competitor to ETH as an open source platform. Right now, it is just a glorified ledger. As a person who plans to be a Cadano Developer once Alonzo is released, it makes me wonder how far ADA can go. I have heard people say it cannot go to 100 dollars because it will need around a 3T market cap. But considering in the past 2 weeks ADA has added 31B to its market cap, it's definitely not out of the realm of possibility. Also, considering Grayscale Investments has picked it up, I think it has a LOT more room to grow. Tell me what you think? This is not financial advice. DYODD.
KRAKEN:ADAUSDLong
by mysticalwalrus
10
USDCAD Sideways Trading PlanUSDCAD price is going sideways after it was rejected from the resistance level. ( check Daily timeframe ) But the price is now consolidating in the support area. We are looking for a breakout. Either up or down. 2 trading plans are in motion, waiting for confirmation. Manage your risk. Disclaimer: This content is intended to be used and must be used for information and education purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. Accordingly, the writer will not be liable in respect of any damage, expense, or other loss you may suffer arising out of such information or any reliance you may place upon such information.
by Phoenix-Rise-Trade
ADAUSD Bull Flag ConsolidationADA has pulled back and went into a consolidation pattern as expected. It has formed yet another bull flag prior to another attempt at a breakout. My overall target for ADA is 3.25, and this is based on the last cup and handle pattern. Now lets talk about why ADA has so much strength. Cardano is about to release smart contract September 12 with the Alonzo release. This addition makes it a viable competitor to ETH as an open source platform. Right now, it is just a glorified ledger. As a person who plans to be a Cadano Developer once Alonzo is released, it makes me wonder how far ADA can go. I have heard people say it cannot go to 100 dollars because it will need around a 3T market cap. But considering in the past 2 weeks ADA has added 31B to its market cap, it's definitely not out of the realm of possibility. Also, considering Grayscale Investments has picked it up, I think it has a LOT more room to grow. Tell me what you think? This is not financial advice. DYODD. Feel free to like this chart and follow me. All the support is welcomed. Thanks again! GLHF.
KRAKEN:ADAUSDLong
by mysticalwalrus
ADAUSD bull flag consolidation continued Now that there was an initial push upward through the channel, you should expect a pullback and further consolidation which I have mentioned on the chart. I expect it to pullback and consolidate before the announcement of when the smart contracts go live. The announcement should be on Friday 8/20. I expect the price to push up further after the announcement and confirm the upward trend. You can see that the price has already pushed past the lower highs (the green lines). Friday should confirm or deny the upward trend for ADA. This is not financial advice.
KRAKEN:ADAUSDLong
by mysticalwalrus