SOL-USDT(Horizontal Channel Breakout)Solana is a high-performance public blockchain optimized for scalability and has the capability to handle 50K transactions per second. Having processed 15.8 Bn transactions to date while charging negligible fees (~$0.000005), Solana has been zooming to new highs due to the rapid adoption of its network.
On 1 Hour Time Frame, SOLUSDT has been trading in a Horizontal Channel pattern and has given a breakout.
Key Points to Watch Out For-
The support to the lower side is present at $35 followed by $33 while the resistance to the higher side is present at $46 .
Resistancebreak
XVS-USDT(Cup and Handle Formation)Venus Protocol is an algorithm-based money market system designed to bring a complete decentralized finance-based lending and credit system onto the Binance Smart Chain.
XVS has been trading in a Cup and Handle formation with the level of ~$95 as the horizontal level wherein breakout from the level may trigger the price to new highs.
Key Levels to watch out for-
The price may move to the levels of ~$120 after the breakout while the support to the lower side is present at ~$75 .
DOT-USDT(Range Breakout)Polkadot facilitates cross-chain communication and interoperability among chains by connecting them into one unified network (Relay Chain).
In the month of April, DOT has given a Range Breakout , it is currently taking support from the upper band of the channel and is today forming a strong bullish candle.
Key Levels to watch out for-
The support to the lower side is present at ~$39.5 while may travel upside to the levels of ~$52 .
ZRX-USDT(Channel Resistance Breakout)0x is a liquidity aggregator that supports both fungible (ERC20) and non-fungible (ERC-723) tokens. Volume on the protocol stands at 176.91 Mn at the time of writing.
Key levels to watch out for:-
On Daily Time Frame, ZRX has been consolidating for the past 5 days after giving the breakout from the level of ~$1.9.
It seems eminent to continue its upward momentum to the level of ~$2.9 while the support to the lower side is present at ~$1.96.
CRV-USDT(Cup and Handle Formation)With the Total Value Locked in DEX at record highs (~19.2 Bn), Curve has reserved its second spot in the list with ~$4.8 Bn locked in its protocol.
On a 4 Hour Time Frame, Curve has been forming a Cup and Handle pattern .
Key levels to watch out:-
As depicted in the chart, the resistance is placed at ~$3.3 , Breakout from the pattern may trigger the rally to the level of $4 .
The support to the lower side is placed at $2.9 .
ZRX-USDT(Consolidation Breakout)0x is a liquidity aggregator that supports both fungible (ERC20) and non-fungible (ERC-723) tokens. Volume on the protocol stands at 173 Mn at the time of writing, up~49% in the past 24 hours.
Key levels to watch out:-
On Hourly Time Frame, ZRX has been consolidating between $2.32 and $2.2 .
It looks adamant to give the breakout from the range to reach the levels of $2.95 while the support to the lower side is present at $2.2 .
TRX-USDT( Ascending Triangle)TRON is a distributed blockchain that enables developers to create smart contracts and decentralised applications, freely publish them, own and store data and other contents.
On March 27, 2021, TRX has been trading in an Ascending Triangle . It is trading near the resistance, breakout from which may propel the bullish move to new highs .
Key Levels to watch out for:
If TRX manages to give closing above $0.0675 , it may ignite the rally to the levels of $0.077 followed by $0.087 .
The support to the lower side is present at $0.058 .
CRV-USDT(Trendline Breakout)With the Total Value Locked in DEX at record highs (~$17.5 Bn), Curve has reserved its second spot in the list with ~$4.5 Bn locked in its protocol.
After hitting its recent low of $1.625, CRV has been forming higher highs and higher lows, which depicts that next upswing rally is on the cards.
Key levels to watch out:-
On the 4Hr TF, CRV has retracted back to 0.618 Fibonacci level and has given a decent bounce back depicting the move to be a Correction.
It has given a breakout from its trendline resistance and is most likely to reach the level of $4.18 while the support is placed at $3 .
AVAX-USDT(Range Breakout)Avalanche aims to be the Internet of Finance. It is an open-source platform that allows it to deploy blockchains either public or private, launch smart contracts and create digital assets on its platform.
On March 9, 2021, AVAX gained ~34% and since then, it is trading in that range.
Currently, it has given a breakout from the range($24-$35) and is signaling strong strength to initiate a fresh bullish move to the upside.
Key levels to look out:-
The supports to the lower side are placed at ~$34.88 followed by ~$33.5 respectively.
The resistance to the higher side are placed at $42.5 and $47 respectively.
CRV-USDT(Ascending Triangle Breakout)Curve is a decentralized exchange that uses an automated market maker (AMM) to manage liquidity. With ~$4.18 Bn locked in its DEX, Curve Finance holds third rank among all the DEXs in terms of Total Value Locked.
CRV has been trading in the Ascending Triangle since Feb 23.
Key levels to watch out:-
It is now standing on the verge of Breakout . If Curve is able to give a decisive breakout above $2.6 , it can trigger the rally to the levels of $3.15 followed by $3.5 .
The supports to the lower side are present at $2.15 followed by $2.3 respectively.
RBS Key Level From Point #3 At H4 ChartWhat I see is AUDUSD is going for Uptrend, as Resistance Key level is break, and currently Key level is still fresh for pullback continuation. But, there is a possibility for current price to just go up without touching key level price. Just use good money management for any possibility for pullback to Resistance key level, potential RBS Resistance Became Support level.
VAH S/R FlipTaking a position here on a support and resistance flip. So we can see clear resistance confluent with the value area high of the ascending triangle. We got a breakout and a retest. The retest is confluent with the HPR1 and VAH.
Let's see how this one turns out.
This is a trade taken on the crusher account which was started 10 weeks ago at $500, and is currently at $1750.
As always, I never have expectations for any trade. I never know if it will work or not. What I do is always manage my risk. I risk 3% to make at least 9%.
Remember, you don't make money winning trades, you make money managing your risk.
Have a blessed day.
EUR/USD short ideaWhen we look at the chart we can see that the price is breaking out of the resistance zone. If we get a clear break out of the resistance zone we could consider to go short.
I would go with a small stop loss because it is breaks out of the resistance zone it could move higher so after an SL hit I could consider it so to long if the conditions are good.
Let me know in the comments what you think of the idea and feel free to share your idea also.
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Returned back to the trendline and broke out of the downtrendI would recommend to buy this break out and then buy some more when we will touch the trend line again (which is quite possible) thus forming a double bottom and continuing our movement upwards.
MPHASIS Break-Out and entered all time highFollowing the trend of technology stocks and healthcare stocks.
Mphasis (a technology company stock) has given breakout from it all time resistance and has entered uncharted territory.
Keep stop loss at 1153 and buy. Keep a view of 3 Months to 1 year and buy.
*** ideas are my own , please invest as per your own risk ***
BIDI4: Resistance Breakout/Rompimento de ResistenciaBIDI4 rompeu a resistência recente na linha pontilhada violeta, retestou e está seguindo para cima, confirmando o movimento altista. Devemos ver preços subindo nas semanas seguintes.
BIDI4 has broken out of a recent resistance on the violet dashed line, retested and is on its way higher, confirming the upward movement. We should see higher prices in the coming weeks.
GBP/USD broke through KEY-RESISTANCEHey tradomaniacs,
GBP/USD broke through a key-resistance-zone and has violated the downtrend.
If we find support at the support-zone we should see a continuation to the topside as I expect DXY to continue the drop with the current money-print-wave of the FED.
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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