Consolidation-breakout
[EN] Short term consolidation for XRP as BTC CorrectsXRP is consolidating to break up past 60 cents and beyond. XRP will AGAIN shock people. I have been hearing the same sentiment that we saw in 2017. We will be creating a whole new group of haters who do not know how to invest or trade. XRP has ALWAYS lagged and XRP has NEVER missed a bull run, EVER!
USDJPY for recent highs 🦐USDJPY reached the weekly resistance structure.
The market retraced over a support and now after the test for the 2nd time of the structure the price is retracing inside a minor channel
According to Plancton's strategy, if the price will break above, we can set a nice long order.
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Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
King of Crypto Super Bullish, Starting Path to 70k this weekScenario 1: If the Bulls can hold the support at $56,500 for the next day then it will confirm Bitcoin continuing along the 25ema finally breaking the resistance around $61,000 and climbing the steep climb to $65k and then a try at $70k over the next week to two weeks.
Scenario 2: If the support doesn't hold at $56,500 the next support down is at $55,400 level which is an incredibly strong support. Holding there and then a small move to the upside around $57k falling back to the same support at $55,400 over the next few days which will confirm consolidation and the formation of a bullish flag eventually exploding upwards to drive past $65k to $70k then on to $75k. If the flag is a go I have a date set on next Friday, March 25th when $6.1 billion in Bitcoin Options is set to expire giving Bulls that extra gas and momentum to Elon Musk into outer space.
Be prepared for a nasty retrace when we get to the $75-$77k area back down to around $57k as I believe Bitcoin is beginning to take a steeper inclined route to the upside as most markets/tradeable assets do when they become more and more bullish and are getting closer and closer to their peaks. I saw a fractal image a twitter user has been following that has been 99% accurate this entire cycle thus far and if you line it up with BTC's movement it shows this nasty retrace.
Good Luck! Buy the dips. HODL 'til the wheels fall off!
Ricky Bobby - "If you ain't first you're last"
Note the Stoch RSI on the MACD 4hr Chart is about to cross within the next 24 hours and is starting to show a substantial decrease in bearish pressure!
REEF-USDT(Consolidation Breakout)Reef Finance- a project built on Polkadot, that aims to be a multi-chain smart yield engine and liquidity aggregator was a portfolio product of the Binance Launchpool.
On the Daily Time Frame, Reef has been taking support from the 20 and 50 DEMA, the trendline support is also present at the same levels suggesting the level of ~ $0.0373 to be a strong demand zone.
Key Levels to watch out:-
From the past 3 days, Reef has been forming an indecision candle on the 20-DEMA which is placed at $0.039 and at the time of writing, a strong bullish candle is in making.
The trade favours a good risk to reward ratio with the immediate support placed at ~$0.036 and is most likely to continue its up move to $0.049 followed by $0.055 .
GRT dying to bust outThe graph has been consolidating in this bullish flag for almost an entire month. Two possible scenarios could playout:
First: GRT could bounce off the top trendline of the flag at $1.91 descending back to $1.65 price range, which has shown very strong support, before breaking out and uptrending to $2.54 price
Second: It bust through the top trend line passing $1.91 then on to retest $2.20 before ending up at the $2.45 TP
CRSR: The Best Pure Play On Gaming and Streaming. Corsair is a maker of everything a gamer or streamer would need. The list of products is nearly never-ending; keyboards, mouses, capture cards, controllers, headsets, lighting, CPU cooler, CPU power supply, CPU case, SSD, Memory, stream deck. Corsair is a one-stop-shop for all a gamer/streamers needs. The stock has been consolidating beautifully since hitting a high of $52 last November. Since it has formed a beautiful, strong support level at $33 with resistance around $42. We believe with A+ management; Corsair is poised to continue to gain market share and win over investors.
On their latest earnings call, management announced that they would focus on launching multiple new products at a rapid pace along with increased spending towards marketing. Fundamentally, their numbers were fantastic as well. 55.2% YoY top-line growth for FY 2020($1.7B), highlighted by an 83% increase in gamer/creator peripherals. They made the jump to being a profitable company compared to the previous year ($103M FROM -$8.4M).
With macroeconomic tailwinds, wide economic moat, A+ management, A+ products, spectacular growth, profitable and risk reduced entry technically, we believe this is an incredible opportunity to get into an incredible company. We are targeting a $52 6-month PT.
XTZ-USDT: Consolidation Breakout(1 Hr TF)In the Daily TimeFrame, Tezos is trading in an Ascending Channel formation with an upper band and the lower band placed at $5.1 and $2 respectively.
In the Hourly Time Frame, Tezos has been in the accumulation phase and was trading in a range of $3.83 as the upper band and $3.22 as the lower band.
XTZUSDT has given a Range Breakout and is currently trading above the range.
Key Levels to Watch out:-
The resistance to the higher levels is placed at $4.4 followed by $5.1 respectively.
The supports to the lower side are placed at $3.5 and $3.2 respectively.
XRPUSD SETUP - SHORT TO 0.47 OR LONG TO 0.495Right here is a new analysis showing us two possible scenarios.
First, to short to 0.47000 or long to 0.49510.
What do you think?
Share your opinion in the comment section✍️
Please support this idea with a LIKE👍 if you find it useful🥳
Also, kindly cheer me with coins if you like my work.
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Happy Trading💰🥳🤗
Trading Involves High Risk⚠️
Not Financial Advice💸
Use Proper Risk Management💹
Thank you for your support!💓
NB: If you have any question for me or you would like to learn forex trading, improve on your technical analysis skills, DM me.
DOGEUSD - PRICE FINALLY BROKE OUT OF CONSOLIDATIONRight here is dogecoin chart setup. Price has been in consolidation since 25th February, 2021.
The consolidation breakout with it's take profit at 0.607633 is a confirmation that the inverse head and shoulder pattern on the 4hr timeframe is possible.
Take a look at my previous analysis down below to see the inverse head and shoulder pattern on the 4hr timeframe confirming the buy setup.
What do you think?
Share your opinion in the comment section✍️
Please support this idea with a LIKE👍 if you find it useful🥳
Also, kindly cheer me with coins if you like my work.
Follow me to receive more updates on this pair🤙
Happy Trading💰🥳🤗
Trading Involves High Risk⚠️
Not Financial Advice💸
Use Proper Risk Management💹
Thank you for your support!💓
NB: If you have any question for me or you would like to learn forex trading, improve on your technical analysis skills, DM me.
CRV / TetherUS Positional and Swing trade chanceHi
we are observing this crypto Token since last 100 days and we can see a long consolidation in the pair.
if we observe the same pump in BTC soon we can see that the market dominance will distribute the funds to other sector too and Curve DAO token is also will get a good effect so we shall be having an eye on this token too
please comment your ideas
Short then Long WTI Crude Oil Possible Trade IdeaSince November 20 and the Oil market has been in an uptrend entering consolidation phases then breaking above. The recent consolidation shows a bounce back from the maximum resistance of the consolidation. The daily candle hasn't closed yet. If it breaks above the consolidation I am longing oil in the long run till 68-70. As for now I will scalp and take advantage of the drop. Quick ins and outs on shorting, then long oil and hold if it breaks above consolidation. If the price breaks lower than the consolidation then I am possibly shorting oil till 55-57 and will disregard the bullish scenario. This is my personal trading strategy for the current WTI oil market. This is not a financial advice.
NZD/CADHello guys, today is a special day! I was thinking about backtesting a bit...
So i am going to take you throught some trades!
1st trade as you can see was pretty nice 1:5RR ratio
Simple consolidation breakout and retest, after 2,5 profit i closed halft profit
and putted sl to break even...TP got smashed and my face was full with smile
2nd trade was almost the same. Consolidation and breakout with retest and open candle right above previous candle :)
Here is 1:3 RR ratio... my favorite...IF you want to know, i always take half profit when i am 1:2 and i put sl to break even and i let it run
3rd trade was unfortunately sl.. I thought i had good support as you can see previously it was support/resistance only 12 pip stop loss...
Lesson learned and loss took like normal thing
Next you can see i draw a circle of (support) it would be good support for someone, and it would be 30 pip gain, but i just dont like,
When i dont have previous support shown.. as you can see i had only consolidation before so i didnt took this trade
4th trade was based right on the previous sl trade which was acting as support :)
Again simple 1:2 RR trade with TP smashed... now that invalid support acted as support for me and it was real support now :)
5th trade is kinda hard to understand, but i take you through it ;)(my pleasure)
As you can see, we had a little consolidation and the trade was coming, because i was expecting breakout....
I didnt took the trade on the start of that huge red candle.. i just rather wait for red/green(in this position red) closing candle
right below or above the previous candle as you can see :) Candles reacted to the marked support of the huge red candle now as resistance
I took the trade with 1:2 RR ratio and TP was smashed :)
I hope this was helpfull! it took me ages to write this essay, i hope you learned something new ;)
ADA/USDT Bullish update. Cardano is consolidating. Get ready!Cardana is consolodating as it did several times before the next upwards move.
We are now through the Mary hardfork and now officialy a plattform where you can build dapps.
Possible upcoming news:
- Coinbase listing
- Africal deal
- Grayscale
- 100% decentralised
- ADA Ecosystem
Enjoy the ride and don't be too greedy.
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Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
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.
Purple lines are trendlines we take a look at.
Yellow lines are for visual help only.
XPEV: The forgotten Chinese EV PlayI am wary of Chinese ADRs, but I think this technical set up in XPEV is too good to ignore. I love the consolidation since it's peak in November, and I also think it has developed a solid support level the past few weeks at $45.
XPEV is another EV maker, so it has the upside of catching momentum on any news associated with the industry. I am targeting $60/65 as my upside target, while using a $36 stop to minimize my downside