LINKUSD Breakout Zone IdeaLINK has been sitting in this zone between $13 and $16 for a while now. Accumulation phase seems to be ending. Looking for some good expansion next. More utility than a lot of tokens with higher market caps tbh.
Rectangle
Dollar Index (DXY): Trading Plan Ahead of Payrolls 💵
Dollar Index is testing a support of a horizontal range on a daily now.
Ahead of the non-farm payrolls report, watch carefully the intraday price action.
The price is currently consolidating within a narrow range on an hourly time frame.
Its resistance breakout can give us a strong bullish confirmation.
Hourly candle close above 103.1 will confirm a violation,
a bullish continuation will be expected at least to 103.25
Remember that a bearish violation of a support of the range on a daily will invalidate the setup.
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DXY(US DOLLAR INDEX): Consolidation & Complete Indecision 💵 📊The DXY has been trading within a specific range since the end of last month. There are two possible outcomes depending on how the price reacts to the boundaries of this range.
📈In a bullish scenario, if the price breaks and closes above 103.80 (the upper boundary), I would expect it to continue rising to 104.27.
📉In a bearish scenario, if the price breaks below the support level of 102.93, we could anticipate a downward movement to 102.38.
It is recommended to wait for a breakout, as this will provide a strong confirmation of either a bullish or bearish trend...Trade safely 😉 👍 ✅️
Dollar Index (DXY): Consolidation Continues 💵
Dollar Index keeps consolidating within a horizontal trading range.
The price is testing the resistance of the range today.
I think that the market will retrace from that.
Goals: 103.47 / 103.25
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CRUDE OIL (WTI): Morning Scalping 🛢️
Crude Oil is taking off from a major horizontal daily support.
As a confirmation, I spotted a tiny horizontal range with a confirmed neckline violation on that.
We can expect a pullback before the OPEC meeting today.
Goal - 77.0
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AUDCAD RECTANGLE CHANNELHello Traders! Welcome! Today, we're examining AUDCAD and identifying a promising trading opportunity. The price has been moving within the boundaries of trendlines, with the upper trendline breakout at 0.89883 and the lower trendline breakout at 0.89382. Notably, the price has recently broken below the lower trendline breakout at 0.89382, suggesting a bearish scenario for the pair. Targets are set by measuring the height of the rectangle channel to 100%, resulting in a target of 0.88053. Stay tuned for updates and happy trading!
NVIDIA Weekly Technical AnalysisNVDA weekly - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Trend Lines, Confluence, Cluster, Channel, Pitchfork, Rectangle, Fibonacci Extension - Hope it Helps, Good Luck
DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for informational, educational and research purposes only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The author or persons involved in the conception, production and distribution of this material cannot be held responsible for transactions or any financial loss or damages resulting directly or indirectly from the use or application of any concepts or information contained in or derived from this material. Past performance is not indicative of future results. Any person who chooses to use this information as a basis for their trading assumes all the liability and risk for themselves.
Looking for a Breakout in Snowflake (SNOW)Company Info:
Snowflake is a cloud data warehouse that can store and analyze all your data records in one place. It can automatically scale up/down its compute resources to load, integrate, and analyze data.
As a result, you can run virtually any number of workloads across many users at the same time without worrying about resource contention. Workloads can include use cases such as batch data processing to interactive analytics to complex data pipelines.
Techincals:
It has been now consolidating inside the rectangle for almost 18 months and a breakout seems imminent. It used to one of the hottest stocks before the bear market.
Looking for price to rapidly cross 200-204.
Stops would then sit below 20 DMA (Daily Moving Average).
Target would be 280.
Applovin Corporation (APP) - Rectangle BreakoutCompany info:
AppLovin enables developers of all sizes to market, monetize, analyze and publish their apps through its mobile advertising, marketing, and analytics platforms MAX, AppDiscovery, and SparkLabs. AppLovin operates Lion Studios, which works with game developers to promote and publish their mobile games.
Technical:
There has been a breakout from months of consolidation
Position:
Yesterday, I bought before the close and my stop is at 41.58
Initial target is at 53.
IWM Channel BreakoutIWM is trying to break back out of the channel it's been in since April 2022. It broke out briefly in late December, but was rejected. This second breakout attempt looks promising, and usually leads to ATH after this much consolidation. Lots of earnings reports this week, but if the market holds up, small caps should have some room to run.
GTAI - This coin will 100x in 2024, buy nowGTAI is a new altcoin that was recently listed on major exchanges such as Bybit, Huobi, Kucoin, or GateIO. On coinmarketcap, this altcoin has a rank of #2296, which means it has a lot of room to go to the upside. 100x is not impossible with the current low market capitalization if you buy this coin now.
Technical analysis
It is really important to take a look at the technical analysis. This coin was listed on January 25th, which is 4 days ago, and today the price reached an all-time high. This is a very strong sign of interest from the bulls, and they are serious about pushing the price higher. The price is currently inside the bullish rectangular structure/accumulation phase. From the Elliott Wave perspective, we can see a strong impulse wave of 12345, which is another sign of strength from the bulls. In conclusion, there is nothing bearish or wrong with the price action, and the coin looks strong from my point of view.
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Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
EURCAD - Possible breakdown soonWe had more than a month of consolidation inside this range.
IMO, breakout soon and to the downside.
Two supporting points for this idea.
1. A large bearish engulfing bar on 15 Dec 2023 provides the top.
2. Bearish order flow on H4 chart over the past week.
CADJPY Pair : CADJPY ( Canadian Dollar / Japanese Yen )
Description :
Rising Wedge as an Corrective Pattern in Short Time Frame and Rejection from Daily Resistance Level. Double Top Pattern as Correction in Short Time Frame and Long Time Frame and Rejection from its Second Top. Strong Divergence in RSI
BTC.D - technical analysis on the weekly chartThe BTC.D chart is very important to watch on the crypto market. It can predict an alt season or bitcoin season. Right now, I am expecting a bearish pullback to the rectangular formation and, after that, a bounce. If the price falls inside the rectangle, I become very bearish on the BTC.D chart. The price is currently below the main trendline, which is of course a bearish sign, but we need more confirmation.
Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
GBPUSD: Preparing For Rate Decision Next Week 🇬🇧🇺🇸
We are expecting a lot of important fundamental news next week.
Here is your trading plan for GBPUSD.
The market is currently trading within a wide horizontal range on a daily.
Depending on the reaction of the price to its boundaries, I see 2 potential scenarios.
If the price breaks and closes above the resistance of the range,
we can anticipate a bullish movement to 1.294 resistance.
A bearish violation of the support of the range and a daily candle close below that will most likely trigger a bearish movement to 1.254
Wait for a breakout, that will be your strong technical confirmation.
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Dollar Index (DXY): Trading Plan Ahead of the FED 💵
Dollar Index keeps consolidating.
The market is stuck within a narrow range on a daily.
It feels like the market participants are waiting for the FED interest rate decision next week.
Pay attention to the boundaries of the range.
Its bullish breakout will be a strong bullish confirmation.
A bullish continuation will be anticipated at least to 104.15 level then.
If the price violates the support of the range and closes below that on a daily,
a bearish continuation will be anticipated to 102.22 support.
Patiently wait for a breakout, it will give you a strong confirmation.
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Crude Oil Impulse Done ?Pair : US Oil
Description :
Bullish Channel as an Corrective Pattern in Short Time Frame and Rejection from Upper Trend Line. Completed " ABC " Corrective Waves and " 12 " Impulsive Waves and making its " 3rd " Impulsive Wave. Break of Structure and Completed the Retracement
AUDNZD: Bullish Move From Key Level 🇦🇺🇳🇿
I really like how AUDNZD reacted to a key horizontal support on a 4H time frame.
After its test, the pair started to consolidate and formed a horizontal range.
Breakout of the resistance of the range was a strong bullish signal.
We see a positive bullish reaction now and can anticipate a further growth.
Goals: 1.0814 / 1.0828
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US2000 Horizontal Range PlayPrice has been trading inside of a horizontal range for some time now. On the previous run up to resistance there was a range breakout that quickly fell back inside the range, more than likely trapping those who bought the breakout. The 2000 price level is now potentially serving as an important barrier just under range resistance. If this area continues to hold, then I expect an eventual move towards and possibly down to 1640, which is range support.
GOLD (XAUUSD): Intraday Bearish Setup 🥇
We got 2 peculiar breakouts on Gold.
As you know, the market was consolidating for roughly 1 week.
Consolidating, the price formed a triangle and a horizontal range.
We see a breakout of both the support of a triangle and the range.
It confirms the local strength of the sellers.
The price may drop to 2006 support.
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BTC Short every POP until 31500As per see on the chart BTC has been over bought on the weekly timeframe it needs to come back and the test the lower support level to continue after halving lets see if we can see 31500 in coming months ......... next 3 to 4 months is the downtrend. NFA
Bank Nifty: Rectangle Breakout signals potential UPSIDEOver the past few days, NSE:BANKNIFTY has experienced a downtrend, presenting an opportunity for traders to analyze a potential reversal through the formation of a rectangle pattern. The rectangle pattern is a horizontal consolidation pattern characterized by parallel support and resistance levels. It indicates a period of market indecision, where buyers and sellers are in a relative balance. The breakout has occurred above the neckline or resistance zone, suggesting a shift in market sentiment.
Breakout Confirmation: Traders should patiently wait for a clear breakout above the neckline or resistance zone. The breakout should be confirmed by the closing of a candle above this level, indicating a shift in market sentiment towards the bullish side.
Entry Point: Execute the trade on the day of the breakout, preferably after the closing price has convincingly breached the neckline. This ensures that the breakout is genuine and not a false signal.
Target Calculation: The target for the trade can be determined by measuring the distance between the low of the rectangle pattern and the neckline. This distance is then added to the breakout point, providing an estimate of the potential upward movement.
Retest Possibility: Be prepared for the possibility of a retest of the neckline after the initial breakout. This is a common occurrence, and traders should not be alarmed by a temporary pullback.
Risk Management:
Stop-Loss Placement : Mitigate potential losses by setting a stop-loss order below the neckline or the breakout point. The level of the stop-loss should be determined based on individual risk tolerance and the volatility of the asset.
Risk-Reward Ratio
: Evaluate the risk-reward ratio before entering the trade. Ensuring that potential profits outweigh potential losses is crucial for effective risk management.
