Get started

Trianglebreaout

$MSTR - The Rocket Takes OffHere is the daily chart for $MSTR. With its recent inclusion in NASDAQ:QQQ , the stock appears poised for further growth. From a technical perspective, the current triangle formation suggests potential downside movement toward $368, where the price may test the lower boundary of the pattern. Following this, I anticipate a bullish breakout to the upside. The resistance near the previous all-time high (ATH) is unlikely to hold for long, and I expect NASDAQ:MSTR to surpass this level in its upward trajectory.
NASDAQ:MSTRLong
by p4917
5
Gold - Trading the breakout!Hello Traders and Investors, today I will take a look at Amazon. -------- Explanation of my video analysis: Just three months ago Gold broke out of a very long term ascending triangle formation - similar to the triangle formation which we saw back in 2019. So far Gold is just creating the expected continuation higher and you can definitely close out partials at the current $2350 level. If you are not in a trade yet, it would be best to wait for a retest of the breakout level and bullish confirmation. -------- Keep your long term vision, Philip (BasicTrading)
OANDA:XAUUSD
by basictradingtv
10
Possible Triangle BreakoutWas asked to look at this one by request, otherwise not super familiar with this chart but am familiar with the token. A quick and simple take on QNT's weekly chart, showing the daily 50/200 EMAs: Long-term, Quant looks like it exited a triangle with a bullish breakout back in November. It has since re-tested and remained above. Some confluence for this is that it also shows a golden cross of its 50 / 200 day EMAs (MAs as well, not pictured), which it also tried to move back under but has since reclaimed and then bounced off of, moving up. Should this behavior continue, CRYPTO:QNTUSD should see a measured move to ~493 as TP 1 and then ~1076 as a possible TP 2. Halfway to TP 1 is 225, which could act as a stopping point along the way as it lies just within weekly resistance between the Oct 2022 high and the September 2021 high.
CRYPTO:QNTUSDLong
by dudebruhwhoa
2
Bitcoin - Target 1.1 Million DollarsHello Traders, welcome to today's analysis of Bitcoin. -------- Explanation of my video analysis: After the simple break and retest of Bitcoin in January of 2023 we saw a beautiful reversal and already a pump of more than +250% towards the upside. Bitcoin has also been creating a massive ascending triangle formation and if we measure the potential price target of the triangle, also mentioned in the analysis, Bitcoin can reach 1.1 Million Dollars. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
BITSTAMP:BTCUSD
by basictradingtv
9
IBM - The Forgotten StockHello Traders, welcome to today's analysis of International Business Machines. -------- Explanation of my video analysis: All the way back in 2012 IBM created a major top formation by breaking below strong support at $180 and we saw a significant decline in stock price from there. After we then saw a reversal and a breakout in 2022, IBM is certainly back to a bullish market. I am now waiting for a retest of the breakout level mentioned in the analysis to then look for long continuation setups. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
NYSE:IBM
by basictradingtv
1
Intel - Potential Trading SetupHello Traders, welcome to today's analysis of Intel. -------- Explanation of my video analysis: In 2017 we had a major triangle breakout on Intel which was followed by a +70% rally. Then in 2022 Intel broke major support towards the downside and reversed perfectly at a major previous structure. Since Intel is now back to a bullish market, I am just waiting for a retest of the level mentioned in the analysis and then I will be looking for long continuation setups. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
NASDAQ:INTC
by basictradingtv
4
XRP - 20.000% RallyHello Traders, welcome to today's analysis of XRP. -------- Explanation of my video analysis: After XRP has been trading in a triangle formation for over four years, we saw an expected breakout in 2017 followed by a rally of +25.000%. Exactly five years ago XRP then started forming a similar triangle (continuation) pattern and if we see a breakout towards the upside and a break above the resistance mentioned in the analysis, we could maybe see a similar rally. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
BITSTAMP:XRPUSD
by basictradingtv
8
Amazon - The New SetupHello Traders, welcome to today's analysis of Amazon. -------- Explanation of my video analysis: Starting in 2018 Amazon created a decent bullish triangle continuation pattern and after the breakout Amazon pumped more than +70% towards the upside. Then with the 2022 bear market we saw a quite harsh correction and a perfect retest of previous support. If Amazon now provides a retest of the support mentioned in the analysis, I am looking for more long setups. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
NASDAQ:AMZN
by basictradingtv
1
TSLA forming a reversed H&S or a triangleTesla is still into a complex correction but among all the possibilities coming forward, the 2 that stand apart right now: The 1st one is the potential reversed Head & Shoulders (where the current level around $190 would be a great entry point) with a target in the $500 area or the large triangle with a target in the $565 area. The 2nd one is the large triangle with the base starting since 2020, giving a support in the $150 area and a target of around $565. In both cases, a break above the line linking the highs (the top of the triangle) would validate that the bullish phase has started. It is the same idea as the one published last October.
NASDAQ:TSLALong
by waverity
AMD - Approaching All Time HighsHello Traders, welcome to today's analysis of AMD. -------- Explanation of my video analysis: After the massive breakout in 2016 we saw a rally of more than 4.500% on AMD. This rally was perfectly followed by a correction of 70% in 2022. As mentioned in my analysis, I am now waiting for a retracement back to the previous structure and if we have enough bullish confirmation, I will then look for potential trading opportunities. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
NASDAQ:AMD
by basictradingtv
24
Microsoft - Monthly Bullish BreakoutHello Traders, welcome to today's analysis of Microsoft. -------- Explanation of my chart analysis: Since August of 2019 Microsoft stock has been creating a bullish triangle continuation pattern. Recently we saw a breakout above the strong $350 resistance level after which I do expect a retest of the previous structure level and then more bullish continuation towards the upside. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
NASDAQ:MSFT
by basictradingtv
1