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BTC: RETESTING AFTER THE BREAKOUT!!Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated! Welcome to this quick BTC update. Bitcoin (BTC) is currently testing the support level of the symmetrical triangle it recently attempted to break out of. Here's what we're watching: Retest of Triangle: If BTC holds the support level of the triangle, it could indicate another attempt at a breakout. $60k Resistance: A clean break and close above the GETTEX:59K -$60k resistance level would be a bullish signal, potentially leading to a price increase towards $62k. Impact of CPI Data (Today): The release of the Consumer Price Index (CPI) data today could influence market sentiment and potentially impact BTC's price. Possible Scenarios: A higher-than-expected CPI reading could indicate rising inflation and lead to a risk-off sentiment, potentially causing BTC's price to drop. A lower-than-expected CPI reading could be seen as positive news, potentially boosting risk appetite and leading to a rise in BTC's price. Looking Ahead: The outcome of the retest and the CPI data release might favor bulls, and we might see a good pump up to the $62k level. What are your thoughts on BTC's current price action? What are you watching from the CPI data? Share your analysis in the comments below!
Long
by CoreCrypto1
Meta Platforms - Flying under the radar...NASDAQ:META just rallied +500% without any correction and might create a top formation soon. Sometimes the trading gods are sending us gifts from heaven. We received such a gift back in 2022 when Meta Platforms - out of nowhere - corrected -70% and perfectly retested the lower support of the reverse triangle formation. After the +500% rally from there, it is quite likely that we will see a short term retracement. But the overall trend is still clearly towards the upside! Levels to watch: $530 Keep your long term vision, Philip - BasicTrading
NASDAQ:METALong
by basictradingtv
4
Alphabet - It is just a textbook company!NASDAQ:GOOGL has been one of the best performing stocks over the previous decade. The most profitable stocks are the ones which trade under the radar. And Alphabet (Google) is definitely one of these stocks which is simply trending higher, providing textbook trading opportunities and not a "hype" stock. Slow and steady wins the race, but you have to be careful that you don't miss your chances. After a retest of the breakout level, you can enter a long trade. Levels to watch: $150 Keep your long term vision, Philip - BasicTrading
NASDAQ:GOOGLLong
by basictradingtv
DOT ANALYSIS🔮 #DOT Analysis - Breakout 🚀🚀 💲💲 There is a breakout of Falling Wedge Pattern in #DOT and trying to retests the level. It's a 12hr time frame breakout and we will see more higher price in long-term. A successful retest of support could propel a rally 📈📈 💸Current Price -- $6.058 📈Target Price -- $9.051 ⁉️ What to do? - We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸 #DOT #Cryptocurrency #Breakout #DYOR
Long
by ZEUS_Market_Alerts
VANRY/USDT: Watching Retest After Breakout - Time to ENTER?Heads up, crypto traders! VANRY/USDT is making some interesting moves on the charts. Here's the situation: VANRY/USDT recently broke out of a falling wedge pattern, which can be a bullish technical indicator. Currently, the price is retesting the upper trendline of the wedge. We can expect a good upside move if the price holds this retest level. Entry zone:- $0.124-$0.134 Targets:- $0.154/$0.168/$0.185/$0.198 SL:- 4hr candle close below $0.124 What are your thoughts on VANRY/USDT? Share your analysis in the comments below!
Long
by CoreCrypto1
USDCHF: Recent Trendline Breakout, Temporarily BullishPrice has recently broken out of the (D) descending channel. It then pushed up to meet the (D) 50% Fib retracement level and proceeded to the downside to retest support. The price has now broken out of the (4H) downtrend line. I anticipate the price will retest and reject this level of support, and temporarily continue to the upside. **Rationale:** L1: ~ Break of channel (D) L2: ~ Retest of support (D) ~ Impulse wave completion L3: ~ Break of trendline (4H) ~ Retest of support **Disclaimer:** My trading ideas are market predictions and therefore should be viewed as such. As an intraday trader (scalper), I use my observations to identify potential trade opportunities on the higher time frames. I then aim to pinpoint key entry points on the lower time frames. Entries should always be verified by additional confirmations. ** Annotations:** Categories: 1. Naming: (N1) 2. Labeling: (L1) 3. Forecasting: (F1) Sub-categories: 1. Naming: (N1.1) 2. Labeling: (L1.1) 3. Forecasting: (F1.1) --- #scalping #intraday
Long
by Forexity
3
Happiest Minds: Happy days are here again? 🤩Hello There, Welcome back! 👋 Here is all you need to know about Happiest Minds: • The stock price has been range-bound in a downward Wedge pattern for over 14 months. • An attempt to break the pattern resulted in a long upper-wick candle, suggesting sellers' presence. • A subsequent inside candle gave a weak breakout, after which the price has been consolidating/retesting. • The psychological level of 1000 has acted as a strong resistance. • Despite crossing the 1000 level weekly for the past 3 weeks, the price has failed to close above it. • A close and sustenance over the 1030 level would be absolutely necessary for it to continue its upward momentum • The next immediate resistance seems to be around 1175. • Another important thing to note is that it recently raised 500 Crs via QIP @ 924/Share. That is what triggered the 6% fall a day ago. • Help us reach many like-minded investors like You! Would you give us a Boost for motivation? • Investors included Troo Capital, Société Générale, BNP Paribas Arbitrage ODI, BofA Securities Europe SA -ODI and Morgan Stanley Asia (Singapore). Given that these are funds and not corporates, The sole motto seems to be capital appreciation which is a positive. • The Indian IT sector too is approaching its critical resistance for the third time. Which company should we analyze next? 👇 Thoughts or Questions? Let us know in the comments below.👇 ⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
NSE:HAPPSTMNDS
by TheChartereds
6
EURCHF → A safe CHF could lead to a fall in the pairing OANDA:EURCHF is actively declining towards 0.9677 and is not ready to go up yet. Based on the general fundamental background, the currency pair may continue to fall towards 0.96 or 0.95 After a false breakdown of the range support, there is no strong reaction and the price returns to the level (retest). Fundamentally, CHF is stronger than EUR. The reason for the strong fall of the currency pair is the strong Swiss franc, which is getting stronger on the background of growing risks of recession in Europe, because in this case the Swiss franc plays the role of a hedge asset. The situation is such that determines the medium-term potential. The currency pair may continue to decline after the breakout and consolidation of the price below 0.9677. In addition, the decrease in the ECB interest rate is also a favorable background Resistance levels: 0.9738 Support levels: 0.9677 I expect that a retest of the support may lead to a breakout of the level, which will provoke a strong sell-off in the market. Regards R. Linda!
Short
by RLinda
1
GBPUSD Retest before continuing to the downsideI anticipate price will retest (to at least) the recent ascending channel lower band breakout, before continuing to the downside. --- At Forexity: my trading ideas are market predictions and therefore should be viewed as such. As an intraday trader (scalper), I use my observations to identify potential trade opportunities on the higher time frames. I then aim to pinpoint key entry points on the lower time frames. Entries should always be verified by additional confirmations. --- #scalping #intraday #daytrading
by Forexity
AU D Buy Idea 5/8/24Daily bearish trendline has broken and is now being retesting, so I am now looking at buys. There's been a bullish impulse with a bearish correction (pullback) happening now. If price follows suit there should be a bullish continuation happening soon pushing price bullish. This will have EMCers looking for entries Thursday or Friday to take price up to around .66722 for a -.27 TP. **This is for educational purposes only and this is not financial advice because I am not a financial advisor.**
Long
by cecedidit
2
If bonk validates the channel breakout here target = .00003736The previous daily candle closed with he top trendline of the channel as support and now the current candle is seeing a bullish impulse suggesting the tp trendline has been flipped to solidified support and that it could already potentially be validating the breakout. I’ve seen bigger fakeouts than this before so I’m not ready to say the breakout is confirmed jsut yet but so far probability is favoring it. *not financial advice*
COINBASE:BONKUSD
by DrDovetail
1
BNB: Potential Bull Pennant Breakout!Hey everyone! If you enjoy this content, please consider giving it a thumbs up and following for more analysis. BNB recently completed a formation resembling a bull pennant pattern on the daily timeframe. The price has broken out of this pattern and is currently retesting the breakout zone. If it holds this retest level, it could signal further bullish momentum for BNB. Buy some now and add more in the dip. Entry range:- $560-$600 Targets:- $712/$834/$986/$1194 SL:- Daily close below $530 Let's Discuss! What are your thoughts on BNB's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Long
by CoreCrypto1
WIF: Potential Bull Flag BreakoutHey everyone! If you enjoy this content, please consider giving it a thumbs up and following for more analysis. WIF recently broke out of a bull flag-like pattern and is currently retesting the breakout zone. This could be a sign of continued bullish momentum. Accumulate here. Possible Entry & Targets: Entry: $2.76-$2.86 Potential Targets: $3.22, $3.58, $3.84, $4.20 Stop-Loss: $2.58 Lev: 5x Let's Discuss! What are your thoughts on WIF's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Long
by CoreCrypto1
2