Get started

Consolidation-breakout

RidingTheTrainAgainAfter an area of consolidation of USDJPY for the last weeks, price is at a position where it may break the uptrend where it usted to come , and confirm the shift in momentum that may give of the new ride for the bears. On the other hand, the second option is that price actually respects the trendline going up, the level of support and we continue a little bit longer in the area of consolidation, expecting to break the highest ceiling and give room for the bulls to come.
by Rief96
EURUSD Bullish with cautionMy overall view on the EURUSD is bullish. However, once price hit 1.20193 the pair has really just been in consolidation. I have 1.18766 plotted as an area of concern because of the support and resistance that has occurred at that level. IF price breaks and closes below 1.1660 we will be in what I would call a trend rotation. (going from bullish to bearish) IF we get the rotation in trend we could see a test of 1.1473. Meanwhile, I will be trading the EURUSD on the lower time frame IF price puts in impulsive moves and then looking for my entry reason to be met. No IF price does end up closing above 1.20193 before it breaks lower then my bullish bias will remain intact. I would then be looking for a test of the 1.2200 even handle which is also the 127 ext of the last move up before the consolidation started. This is obviously just my thought process on the overall picture on the pair. Trading involves risk.
by rozela99
Signs point to a Bullish BTC trend. Signs point to a Bullish BTC trend. With the primary correction and consolidation complete, a strong bull flag, RSI breaking 50k on the daily, a completion of wave 4 with a movement to wave 5, and additionally, the squeeze momentum completing its cycle, we are now running with the bulls. Expect to experience resistance and stall out for a bit between 4085 and 4200. After that 4360 is another resistance level and then 4632, where I anticipate a strong consolidation and long squeeze before BTC tests the 5000 mark. Could all this be wrong?.... Sure, do your own analysis and trade off of that. Cheers ~Ji This is not advice. I don't need to be right or wrong. I don't care if the market goes up or down. Make your Own analysis and trade off of that. If you have positive, constructive criticism and wish to share Please do. Agreeing or Disagreeing is not personal and is welcomed in a positive way. This is not a therapy outlet for venting negativity. Go join a boxing club. I like boxing. Happy trading everyone!!
COINBASE:BTCUSDLong
by JohnnyJi
ETHUSD Price AnalysisBITFINEX:ETHUSD The overall market sentiment over the past few weeks has been volatile and despite major swings throughout the cryto market, Ether seems to have began displaying an authentic consolidation pattern: As noted before in previous consolidation articles, a couple of the signals for potential consolidation would be a decrease in price volatility, which Ether has shown in strength & decreasing volume over the course of the trend before a breakout. These two signals are rather evident in our chart. Ether's price range has remained well within the $240 & $320 price range. As noted in our charts, consolidation can take numerous patterns but in this case, a convergent pattern developed where we witnessed higher lows and lower highs. The last significant consolidation that Ether experienced was within the $40 range that resulted in a bull run that more than doubled the ETH market value. Our last peak in volume (ab) was the highest since the last major consolidation period & based on the macro-trend, our consolidation settles nicely within the 0.618 & 0.786 retracement levels. The high volume during consolidation signals that the market has found its bottom and bull v. bear ratio confidence before a breakout is building. We'll be watching this as it unfolds. In the event that consolidation breaks down due to increased uncertainty we could witness a break down toward the last support price level of $200 before an upward trend develops. For the long run however(in this case I'm speaking months), my recommendation would be to remain long as the last major consolidation period saw a more than double increase in ETH market value.
BITFINEX:ETHUSDLong
by doomnometron
Time to break down from consolidation?EURAUD exchange rate for a week is moving in more than 150-pips consolidation, which was formed after setting the maxima at 1.5073. The wider trend remains bullish, but signs of weakening are showing, even in the form of the discussed consolidation. Currently the rate is at the lower limit of this consolidation, which is located at 1.4930. Successful breakdown of this support may involve further price declines. The nearest target for falls in this scenario will be around 1.4800.The alternative in this case is consecutive reflection from support, which will result in continuation of sideways movement.
by Comparic
USDJPY Daily OutlookUSDJPY is consolidating between the 112.00 support zone and 115.00 resistance zone. The box consolidation is clear and have been formed since 2017 first days. We're now close to a breakout and down to 110.00 area? Or we're about to bounce back to the top of consolidation? The next days will clear things out, the way I plan and execute my trades is more on breakout moments. So I'll watch closely today and tomorrow price reaction to this support zone and if it presents me as a break, I'll be there. If price starts to feel strong support and come back at higher leves, I'll be watching aside.
by doctrader
EURJPY: Where Previous Support Turns to Potential ResistanceAfter breaking down from a 2 month consolidation. The EURJPY is now returning to the level that at one point proved to be a significant level of support. After the violation we are now looking for this previous level of structure to potentially flip and act as resistance, offering a bearish trading opportunity with a very positive risk reward. On the right of the chart are the 3 potential levels of profit taking that we discussed ranging from the conservative to the more aggressive. My apologies for being absent, but between a rough start to the trading year and the launch of a new course, sharing on Trading View was a very low priority. Hopefully as things start to slow down towards the spring & summer, I can return to positing more consistently. Either way i appreciate your continued support as we have a GREAT community of traders on this site!
Short
by Akil_Stokes
15