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Breakout!

SBUX | What's Next?SBUX has been on a tear lately. The screenshot I am including explains all of this as well; however, SBUX has seen a decline in value since being bouncing between the tight Support and Resistance levels. With all confluences taking into consideration - news, patterns, price action, and whatever else you can think of to make a case for a breakout beyond resistance or a reversal would be great towards helping me learn more! Appreciate your time! NASDAQ:SBUX
NASDAQ:SBUXLong
by JoshuaMcDaniel
1
GU Ascends From Triangle - Breakout & Retest Set-UpFX:GBPUSD ended last week with a Bullish Price Breakout of the Ascending Triangle that it fell into after breaking down below Support-Turned-Resistance and finding Support at the October 2023 Lows last month. Overall indicators suggest we could be experiencing a Valid Breakout of this pattern due to: 1) Strong Breaker Bar with Close outside of Range 2) Based on the Range from High to Low of the Ascending Triangle, Price made a 26% move beyond the break 3) Bullish Volume following Break 4) RSI Above 50 The Confirmation of Valid Break will come if price is able to: 1) Close 3 - 5 Days outside of pattern 2) Price successfully is Supported by Previous Structure Broken 3) Bullish Volume Builds on Retest When the Breakout is Validated, Buying opportunities could be delivered in the ( 1.2525 - 1.2485 ) Range on the retest with an immediate Target Profit at the December 2024 Resistance laying overhead at the ( 1.28 - 1.29 ) Range Fundamentally, this month we saw BOE make a 25bps rate cut down to 4.50% with GBP having quite a positive increase in GDP (+.3%) which could be inflationary. USD showed a slight uptick in CPI (+.1% y/y) strengthening the stance on minimal Rate Cutes this year but a big miss in Retail Sales, Unemployment Claims and Non-Farm Employment! GBP: Tuesday - Claimont Count Change/ BOE Gov. Bailey Speaks Wednesday - CPI Thursday - Consumer Confidence Friday - Retail Sales/ Flash Manufacturing PMI/ Flash Services PMI USD: Monday - Presidents Day (Bank Holiday) Tuesday - Empire State Manufacturing Index Wednesday - FOMC Meeting Minutes Thursday - Unemployment Claims/ Philly Fed Manufacturing Index/ Crude Oil Inventories Friday - Flash Manufacturing PMI/ Flash Services PMI/ Existing Home Sales
Long
by Novi_Fibonacci
7
BTC/USDT AnalysisI attempted a breakout trade on the descending channel, but unfortunately, I got stopped out. The price initially showed signs of breaking above the channel, but the resistance held, leading to a pullback. Despite the stop-loss hit, I’m still watching for a potential bullish move. If the price reclaims the breakout level with strong momentum, I’ll consider re-entering for a long position. Confirmation with volume and a higher high would strengthen the bullish case." Let me know if you want any modifications! 🚀
by Tradeaione
SPX/USDT: 100%+ PROFIT POTENTIAL SETUP!!🚀 Hey Traders! Ready to Ride the SPX Breakout? 👋 If you’re hyped for this setup, smash that 👍 and hit Follow for elite trade ideas that actually deliver! 💹🔥 🔥 SPX is looking strong and bullish! It’s breaking out from a falling wedge on the 4H timeframe and is currently retesting the breakout level—setting up for a potential explosive move! 🚀 📊 Trade Setup: ✅ Entry Range: CMP, add more up to $0.75 🎯 Targets: Target 1: $1.02 Target 2: $1.26 Target 3: $1.50 Target 4: $1.78 🛑 Stop Loss: $0.68 ⚡ Leverage: Spot or low leverage (Max 5x) 💬 What’s Your Take? Are you bullish on SPX’s breakout potential? Share your analysis, predictions, or strategies in the comments! Let’s lock in those gains and ride this wave together! 💰🔥
Long
by CoreCrypto1
#AIXBTUSDT: Get Ready for a Breakout! Short Still the Priority?BYBIT:AIXBTUSDT.P is showing significant weakness after a prolonged downtrend, and now the market is at a critical level. Buyers failed to initiate even a minor rebound, indicating strong selling pressure. 🔎 Key Factors Right Now: ✔ Current Price: $0.23480 ✔ Daily Change: -10.76% ✔ Key Levels: 🔹 Resistance: $0.38080, $0.31670 🔹 Support: $0.22063 ━━━━━━━━━━━━━━━━━━━━━━ 💡 Main Signals Influencing the Market: 📌 No rebound after the drop – the lack of buying pressure increases the chances of further decline. 📌 Empty space ahead – below $0.2206, there are no strong support zones, meaning a sharp drop could follow. 📌 Closing near a critical level – price remains at risk, increasing the likelihood of a breakdown. 📌 Breakout from consolidation – the asset has left its range, signaling the potential formation of a new trend. ━━━━━━━━━━━━━━━━━━━━━━ 📉 Main Scenario: Continued Decline 🔻 If BYBIT:AIXBTUSDT.P breaks below $0.2206, the market may accelerate downward: ✅ Target 1: $0.2100 – the nearest technical support. ✅ Target 2: $0.1955 – a zone where a short-term bounce could occur. ✅ Target 3: $0.1780 – a major support level where stronger buyer resistance is expected. 📢 Short remains the priority as long as price stays below $0.2300. A breakdown of $0.2206 could trigger liquidations and accelerate the drop. Be cautious with long positions – there are no strong reversal signals yet. ━━━━━━━━━━━━━━━━━━━━━━ 🟢 Alternative Scenario: Bullish Reversal If BYBIT:AIXBTUSDT.P holds above $0.2300 and starts to recover, potential targets include: ✅ Target 1: $0.2700 – a local resistance zone. ✅ Target 2: $0.3167 – a level where a pullback is likely. ✅ Target 3: $0.3800 – a key resistance, breaking which could change the overall trend. 📢 A long entry is only valid if price holds above $0.2400. Reversal confirmation requires an increase in volume and stability above $0.2500. 📢 As long as the price is below $0.2300 – long positions remain risky. Conclusion : Critical Moment! Be Ready for a Sharp Move! 📌 BYBIT:AIXBTUSDT.P is at a make-or-break level – any move could lead to an explosive price shift. 📌 Sellers remain in control, but if $0.2300 holds, an unexpected rebound could happen. 📌 Short remains the main scenario, unless price successfully stabilizes above $0.2400. 🚀 Get ready for a major move! Watch $0.2206 closely – this level will determine BYBIT:AIXBTUSDT.P is next direction! 🔥
Short
by MoriartyTrading
ETH : The Suffering Ends Now !I’m back in an ETH position and honestly hoping this sideways grind ends soon. Yesterday’s Ethereum ETF announcement opened up a perfect opportunity to play the retest and the Fair Value Gap – and that’s exactly what I did. Looking at on-chain data, we’re seeing continuous buying from whales. They clearly know something. And let’s not forget Trump and his team, along with his close circle, are stacking Ethereum like crazy. I’m sticking to my belief that Trump will do whatever it takes to pump his bags higher. But if we lose this level, see you at $2,400.
Long
by stromm
2
GBPCHF: Range BreakoutThis range breakout follows the same pattern as my other idea on CADCHF. In a very similar fashion, price has been in a range since September 2024. The upper range boundary has shown signs of weakening or breaching a couple of times over the past few months. However, price recently closed above this range level over the past two days, which indicates a higher probability of sustained breakout. The daily ATR is currently 64.3 pips. This sets my trading parameters at TP 32 and SL 64. Note that I'm only targeting 0.5x ATR because I scale into positions, but I also want to ensure I'm able to secure a profit with minimal holding costs.
Long
by FinancialGamblR
CADCHF: Range BreakoutCADHCF has been in a range since August 2024. This range is quite wide at approximately 160~ pips. Another observable detail is that the upper range boundary breached twice - once in November 2024 and then again last month, in January 2025. Right now, in early-February, price is showing signs of breaching the upper range boundary again. Unlike the previous breakouts, this one seems more sustained. Right now, the daily ATR is 41.4 pips. This sets my trading parameters at TP 20 and SL 41.
Long
by FinancialGamblR
Bitcoin: Promising Patterns and Potential BreakoutBitcoin's recent price action has been nothing short of captivating for traders and analysts alike. On the daily chart, we've observed the formation of an Inverse Head & Shoulders and a Cup & Handle pattern, both of which have now transitioned into a Bull Flag. These bullish signals suggest a strong potential for upward movement. Zooming into the 4-hour and 1-hour charts, we can see prominent Ascending Triangles taking shape. These patterns are often harbingers of significant breakouts, and it appears that Bitcoin is winding up for a substantial move. Moreover, when utilizing a Trend-based Fibonacci Extension on the daily timeframe, the golden pocket points to a target of $126k, with the next pocket at $185k. This aligns with historical data and technical indicators, suggesting that Bitcoin might be poised to rewrite history once again. Stay tuned as we monitor these developments and anticipate what could be a historic breakout for Bitcoin!
Long
by impossiblebull
Bitcoin’s Price Squeeze—What’s Next?Bitcoin (BTC) is currently consolidating within a marked accumulation zone after facing resistance near its all-time high (ATH). The price is fluctuating within a broad range of approximately $17,800, indicating a phase of indecision between buyers and sellers. The key observation is that a previous resistance trendline has now flipped into support, showing a potential shift in market sentiment. Additionally, the 100-day EMA around $93,458 is providing dynamic support, reinforcing this bullish structure. The key support zone (highlighted in green) remains critical; as long as BTC holds above this area, the bias leans bullish. A breakout above the accumulation range could trigger a strong upward move, potentially retesting the ATH. Conversely, if BTC loses the support of both the trendline and the 100 EMA, it may lead to a deeper correction toward lower support levels.
Long
by unichartz
GBPJPY Inverse Head & Shoulders Set-UpOANDA:GBPJPY has formed the Bullish Reversal Pattern, Inverse Head & Shoulders! Price has broken up above the Down-sloping Neckline to confirm the pattern. Once the Break is Validated by retesting the Neckline and is Supported, the pattern could deliver a good buying opportunity around the 188.5 area to take up to the February Resistance Level and potentially further! Fundamentally, GBP has GDP on Thursday **Beware of False Break creating a Bearish Trap. Watch for adequate Bullish Volume to Follow the Break and the Retest suggesting Bulls are interested!
Long
by Novi_Fibonacci