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Consolidation-breakout

BTCUSDT, Pump after ConsolidationCurrent Idea is based on a theory that the Asset after a long lasting consolidation is pumping at least to the range of that Consolidation. The range is between 1 to 0 Fibo levels, expecting area to reach is at -1 Fibo, now the price is below -0.5 Fibo level, retracement may happen. As weekly candle closed strong I would check the area around the Middle of 1W candle for potential reversal up. PS. That's my first shared Idea, wanna check how the mechanic works.
Long
by them8
OCEANUSDT wants the Next Weekly structure?OCEANUSDT recently went through an accumulation phase, which took place between the price levels of 0.2982 and 0.1163. After a period of consolidation, the price eventually broke out of this accumulation range and experienced a significant distribution phase. Currently, the price of OCEANUSDT is testing the weekly support level at around $0.41. This level is a key area of support and resistance and has the potential to signal a shift in market sentiment. It is important to keep a close eye on how the price reacts to this level, as a break below it could indicate further downside movement. Looking ahead, the market will need to create a new breakout above the $0.5 area for any long continuation to occur. If this happens, we can apply Plancton's Rules, a set of guidelines for identifying potential market movements, to help guide our decision-making and potentially open a new long position. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
O
by InkyGrip
8
Rangebound. But not for much longer!$BONK aka Bonk Inu has been moving within a tight range for a while - it was on the sidelines and dragged while Solana made it's price moves. Now that the market is feeling comfortable with it's recent bullish turn -- whether that is a long term bull trend reversal or simply a bear market rally is to be seen -- money will start to flow to coins that have few bagholders. Bonk was an airdrop and those who wanted to sell it have sold most likely, those that haven't are likely waiting for prices that we haven't seen yet. It's clear on the chart that somebody is buying up those airdrop for no less than ~$0.0000007777. The boring period does come to an end at some point, and when it does I'm betting the price will be marked up. Price has been in an accumulation / consolidation zone since January 11th when a large holder pulled their liquidity from Orca. Two resistance levels are shown on the chart - once Bonk blows past those, it's price discovery time. Do I hear "Bonk to $1!" in the distance?
Long
by secousa
10
CRWD ~ Inverse H&S built, ready to pop higherHere's a 30m chart to highlight detail of the inverse head and shoulders built on CRWD. Green line weekly support goes back to the lows of August 2020. Purple box is a large daily gap left from late last year up to $138 area. If looking from peak to trough of the head and shoulders, it's roughly $16 from neckline to low of the head, in a breakout of neckline it could be considered within an expected move to move a similar distance to the upside. That's around the 124.00 area. If looking at the daily chart, LBR momentum indicator is showing a slowing of downside momentum, further adding that a short term bottom may be put in here. Daily RSI is right around 50 as well so there is room to go higher without hitting "overbought" levels. Earnings are a bit away still. No position currently, but will be looking to open one soon depending on price action.
NASDAQ:CRWDLong
by Cheesy-Bean_and_Rice-Burrito
Beyond Meat - The Vegan Short SqueezeIf looking at last year's POC of BYND, you can notice we have been oscillating above and below that $15 range since September 2022. BYND has been in this slightly sloping downward/sideways channel with the most recent low being the bottom of the value range, building a nice base for a move higher. In recent days I've noticed some unusual options activity in a handful of highly shorted names and this is one of them. Paired with bullish bets on these names with some sizeable money, overall indices this week finished on a strong close going into next week. Above this $17.00 level on BYND is a volume gap where significantly less volume has traded as only 4 days moved it through this zone last year. These voids can sometimes fill rather quickly when price starts moving back through them. In conjunction with this, LBR MACD has a first cross which can be a long buying opportunity, with an RSI that has recently cooled off from overbought. Today I opened a long BYND position. This is in anticipation that we test the upper part of the channel again as well as that $17 area, possibly getting into the gap. Mix in the fact that this stock has a float nearly 40% short, with earnings a month away; there could be a short squeeze over the next few weeks in this one.
NASDAQ:BYNDLong
by Cheesy-Bean_and_Rice-Burrito
5
✅ 4 Methods to Confirm EntriesYou should make sure that your reward is bigger than your risk. It is up to you what your optimal risk to reward should be – ideally you should have a risk to reward of 1:2 or 1:3. ✔️Trendline Reversal & Break The trader should constantly monitor both the support and resistance trendlines and redraw them as the old ones break and new ones form. When an intersection of the projections happens, one of the trendlines must be broken and the other will most likely continue to hold the price. We trade in the direction of the trendline that remained unbroken with potential entries at the trendline breaks. ✔️Support & Resistance Look at the price chart and observe the support and resistance levels that you have drawn on the charts. You will look to place sell orders at the resistance levels and buy orders at the support levels. Stop loss below the support level or above the resistance level depending the call you’re on. ✔️Fibonacci Retracement Fibonacci retracement levels connect any two points that the trader views as relevant, typically a high point and a low point. The percentage levels provided are areas where the price could stall or reverse. These levels should not be relied on exclusively, so it is dangerous to assume that the price will reverse after hitting a specific Fibonacci level. ✔️Consolidations A price consolidation is a period when the price is moving sideways without any significant advancement in the upward or downward direction. A price consolidation can take any form. It could be a rectangular pattern (often called a range), any of the different types of triangle patterns, a rising or falling wedge, a pennant, or a flag. Depending the pattern that takes place, you’re gonna look for entries and stop loss bellow pattern’s invalidation. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
1
IDXX - broke out of consolidationIDXX had a strong move last Friday on high volume that brought it to the top of it's 2 months consolidation range high of 447.80. The following Monday (9 Jan),it formed a little Doji Candle just slightly above this level , perhaps traders were still skeptical if this break was for real. The day after, on 10 Jan, it staged another decisive move higher, increasing the probability that this move could have momentum. Initial Stop Loss should be placed slightly under the last candle's low @ 438 (abt 7% downside from yesterday's close). The stock could face strong resistence if and when it manage to reach around 535 - 550. Earnings are expected out on 1st Feb, hence it might be prudent to reduce positions or take profits prior. Disclaimer: Just my 2 cents and not a trade advice. I may or may not have entered into this Trade. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NASDAQ:IDXXLong
by Juliac
4
EDELWEISS - Bullish Consolidation BreakoutNSE: EDELWEISS is closing with a bullish 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 consolidating 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 Disclaimer: This is for educational purposes only.
NSE:EDELWEISSLong
by BrahmaBull31
SAFARI - Bullish Reversal BreakoutNSE: SAFARI is closing with a bullish 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 consolidating 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 Disclaimer: This is for educational purposes only.
NSE:SAFARILong
by BrahmaBull31
GOLD SHORT TERM INTRADAY IDEAXAUUSD CHART Gold has made a clean run up over the last week due to fundamentals and technicals in play. However, we have approached a weekly resistance whereby we are seeing forms of exhaustion on the higher timeframe which is expected. There's a possible shift in structure as lower lows and lower highs are forming. I am favoring shorts as of now however as price is still very bullish, i will wait for more confirmations. Safer shorts will be below 1867 upon the breakout of the 4hr consolidation zone to retest 1860 again which will net us estimate 70 pips Safer buys will be above 1881 key level. Upon a break above 1881, i can see us heading to 1890 key level possibly to 1900 psychological level.
OANDA:XAUUSD
by CJ_GOLDPIPS
DXY neutralTVC:DXY English: Hey, trader! Here we have the DXY in the 4h time frame. The next days I think there will not be a nice trend trade. i think it will just consolidate until it breaks the trendline or it falls under the major level 104.000 . So be careful the next days finding the right entrys and the right exits. There is one important news in the afternoon tomorrow. So be careful! Theis news can change the direction of the chart very quickly! Deutsch: Hey,Trader! Hier haben wir den DXY im 4-Stunden-Zeitrahmen. In den nächsten Tagen denke ich, dass es keinen schönen Trendhandel geben wird. Ich denke, es wird sich einfach konsolidieren, bis es die Trendlinie durchbricht oder unter das Mainlevel von 104.000 fällt. Seien Sie also in den nächsten Tagen vorsichtig, die richtigen Ein- und Ausstiege rechtzeitig zu finden. Morgen Nachmittag gibt es eine wichtige Nachricht. Also sei vorsichtig! Diese Nachrichten können die Richtung des Charts sehr schnell ändern!
TVC:DXY
by NeptenFX
LICHSGFIN - Bullish Breakout with Strong VolumesNSE: LICHSGFIN is closing with a strong 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 consolidating 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 Disclaimer: This is for educational purposes only.
NSE:LICHSGFINLong
by BrahmaBull31
NAUKRI - Bullish Consolidation BreakoutNSE: NAUKRI is closing with a strong 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 consolidating 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 Disclaimer: This is for educational purposes only.
NSE:NAUKRILong
by BrahmaBull31
1