Resistancebroken
Ascending Triangles to Break $25k ResistanceI believe these ascending triangles are pointing to a breakout here, converging right at $25k, and it could be the one to finally overcome this beast of a resistance. Been a tough battle here. The triangles are a little malformed, but clearly they're getting smaller, and culminating to a point. We are almost there... rejection wouldn't surprise me, but I'm leaning towards a breakout. If we get above $25200 cleanly we should consolidate somewhere above $25k, and then after that, could be a pretty clear path to 28k or so, given the large volume gap in the 25-28k range. This all seems obvious though, and crypto rarely does the most seemingly obvious thing.
APTUSDT is testing the dynamic resistanceAfter an amazing bull run, the current price of APTUSDT is testing a static daily support level, which is a price level that has historically acted as a strong support for the asset's price. Additionally, the price has bounced on the 0.786 Fibonacci level and is now testing a daily resistance level, which is a price level that has historically acted as a strong resistance for the asset's price.
If the price of APTUSDT is able to break out from the $15 area and satisfy Plancton's rules, it may be a signal for a new long position.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
KCSUSDT wants the resistance!KCSUSDT had a false breakout from the triangle exactly on the Weekly support in 6.3$ area. The market grabbed new liquidity for this movement and started with the uptrend printed HH and HL.
The market had a clear breakout and retest on the dynamic resistance, a very good opportunity to apply MTB and create the first profit.
The price had another breakout from the static resistance in 6.7$ area with a nice volume
what's next?
the price is testing the resistance at 6.9$ where the bearish movement started, so we need to see a clear breakout from here in order to retest the 7$ area, the key level.
Can $ESAB go higher from here?Notes:
* Moving up on the right side of its IPO base
* Good earnings
* Breaking out of an ascending triangle with higher than average volume
* Has a 50 day UD ratio of 2.26 and a 15 day UD ratio of 5.27; indicating that there's been a ton more buying short term
* Has a solid relative strength in the sector and against the SP500
* Showing an early entry relative to its 50 day line
* Printed a pocket pivot, indicating institutional demand
Technicals:
Sector: Industrials - Metal Fabrication
Relative Strength vs. Sector: 2.87
Relative Strength vs. SP500: 14.88
U/D Volume Ratio: 2.26
15 Day U/D Volume Ratio: 5.27
Base Depth: 77.73%
Distance from breakout buy point: -16.17%
Volume 21.39% above its 15 day avg.
Trade Idea:
* Now's a great time to jump in as it's close to its 50 day line, printed a pocket pivot and breaking out of its ascending triangle
* If you're looking for a better entry you may look around the 48.1 area as it may retest that level for support
Some resistances to keep in mind are $49.2 and $51.3. There may be sellers in these areas.
MANAUSD 'D' - Sitting on a Cliff Edge!MANAUSD is looking a little precarious right now, it's just broken below a recent (and historic) level of support with not much in the way of resistance until a healthy 20% drop has taken place. Not to worry, Crypto Tipster v2 is offering us a Short signal, profits to be made on market swings in either direction!
We'd set a reasonably tight Stop on this Short trade, with a take profit somewhere between the 15-25% mark depending on your attitude to risk/reward.
Is $CLFD ready to start coming up on the right side of its base?Notes:
* Strong up trend on all time frames
* Great earnings in the recent years
* Basing for about 9 weeks
* Starting o come up on the right side of its base with volume
* Created a launch pad with the 10,20 and 50 EMAs
Technicals:
Sector: Technology - Communication Equipment
Relative Strength vs. Sector: 4.11
Relative Strength vs. SP500: 6.57
U/D Ratio: 1.24
Base Depth: 43.31%
Distance from breakout buy point: -18.43%
Volume 0.44% above its 15 day avg.
Trade Idea:
* You can enter now as it's just coming off of the launch pad with volume
* It's also breaking above a clear resistance area of ~105.4
* If you're unsure at the moment you can wait for a retest of the the ~106 area as support before jumping in.
$BAH is breaking out of a ~21 month long base! Can it go higher?Notes:
* Strong up trend on the higher time frames
* Great earnings track record
* Broke out of a ~21 month long base
* Higher than average weekly volume and coming off from its 10 week line
* Also breaking out of a smaller consolidation of ~12 weeks
* Gaped up a couple of days ago and is now coiling
* Broke historical resistance around the $97 area
Technicals:
Sector: Industrials - Consulting Services
Relative Strength vs. Sector: 3.15
Relative Strength vs. SP500: 2.07
U/D Ratio: 1.37
Base Depth: 7.78%
Distance from breakout buy point: 0.23%
Volume 55.27% above its 15 day avg.
Trade Idea:
* Now's a great time to buy since the price is just breaking out and is close to the break point
* If you're looking for a better entry you may look for one around the ~97.85 area as that should hold as support