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Breakout

USD/JPY eyes break of 150 and 200-day MA retestThe recovery from 140 has been nothing short of impressive. The daily RSI is confirming the rising prices on the daily chart, and momentum suggests USD/JPY wants to head for the 200-day MA around the 151 handle. There are some concerns that that inflation could pick up due to the hot NFP report, so we may find that pre-emptive bets prompt a break of the August high to bring 150 into focus. Even if prices retrace lower first, dips are preferred and the bias is for an eventual move to 151.
Long
by CityIndex
BTC/USDT: Potential Breakout or Further Correction?"Based on the chart provided for BTC/USDT in combination with current market factors, here’s a comprehensive analysis of the price action and potential outlook for Bitcoin: Technical Analysis: Descending Channel: The chart illustrates a clear descending channel where Bitcoin has been rejected multiple times from the upper trendline (as shown by red arrows). The price is currently within the boundaries of this channel. The next possible move is a rejection from the current level, indicating another leg down to test the lower boundary around the $59,000 to $58,000 region. Support and Resistance: Resistance: The key level to watch is around $64,000, which has acted as a ceiling for Bitcoin in this descending trend. A successful breakout above this level, confirmed with a retest, could signal a reversal of the downtrend and the start of a new bullish cycle. Support: On the downside, the $58,000 level serves as strong support. If the price breaks below this, further downside is possible, but a bounce from this region could lead to another attempt to break the upper channel. EMA Indicators: The price is trading between two key exponential moving averages (EMAs), suggesting a neutral sentiment in the market. A breakout above the EMAs would likely push BTC towards the upper resistance, whereas a rejection could lead to lower prices. Fundamental Factors Influencing Bitcoin: Strength of the US Dollar: The USD has been strong recently, driven by expectations around Federal Reserve policies. A strong dollar often puts downward pressure on BTC prices as investors shift to safer, fiat-based assets. Regulatory Concerns: Bitcoin has faced increased scrutiny from regulators worldwide, particularly regarding its use in decentralized finance (DeFi) applications. Any unfavorable news on this front could exacerbate the bearish trend. Activity: While retail traders remain active, institutional interest in Bitcoin has fluctuated. Any significant inflows or outflows from institutional players could influence market sentiment, leading to sharp price movements. Conclusion: The chart suggests a cautious approach to Bitcoin in the near term. If the price fails to break the upper resistance, we could see a further correction down to the $58,000 support zone. However, if the price breaks out of the descending channel and moves above $64,000, it would signal a potential shift to a bullish trend, aiming towards higher levels. Keep an eye on news around the USD and regulatory updates, as
by Suyouu
1
SUN/USDT Breakout Alert: Ready for 200-300% Gain!!Hey everyone! If you're enjoying this analysis, please give it a thumbs up and follow! SUN is showing strong potential! It has broken out of a bull flag structure on the daily time frame and is holding above the flag, signaling a bullish move. Buy now and accumulate more on dips for maximum gains! Entry range: CMP and accumulate up to $0.0185 Target: 200-300% potential upside Stop Loss (SL): $0.0158 What do you think of SUN's current price action? Are you spotting a bullish setup? Share your thoughts and analysis in the comments below!
Long
by CoreCrypto1
1
MYRO Breakout Alert – Huge Potential Ahead!Hey everyone! If you're enjoying this analysis, please give it a thumbs up and follow! MYRO is looking incredibly promising right now! It’s breaking out of a symmetrical triangle on the daily time frame, signaling a major bullish move. This could be the perfect time to accumulate in spot and hold for huge profits! 💰 Entry range: $0.08 - $0.09 Short-Term Targets: $0.12 / $0.17 / $0.22 Long-Term Potential: 7x - 8x 🚀 Stop Loss (SL): $0.043 But let’s talk fundamentals too! MYRO isn’t just about the technicals—it’s a project focused on revolutionizing decentralized finance (DeFi) by offering advanced liquidity solutions and staking opportunities. With a robust roadmap, growing partnerships, and strong community support, MYRO is set to disrupt the DeFi space. As it gains adoption and expands its use cases, the token could experience explosive growth. What do you think of MYRO's current price action? Are you seeing the same bullish setup? Share your thoughts and analysis in the comments below!
Long
by CoreCrypto1
JD.com (JD): Massive 97% Rally—What's Next?We mentioned Chinese stocks a while ago, and finally, they're starting to pay off—big time. We bought shares of JD.com back in July, and after a small dip, the stock soared an impressive 97% in just 65 days. Shares of U.S.-listed Chinese companies are gaining momentum, fueled by continued stimulus efforts. September's PMI data beat expectations despite a decline in factory activity, which has further bolstered hopes for increased stimulus. Over the past week, JD.com's stock surged following the People’s Bank of China's aggressive monetary easing measures. The central bank reduced the reserve requirement ratio (RRR) by 50 basis points, bringing it down to 9.5%. This move will inject around 1 trillion yuan (approximately $140 billion) into the financial system. The increased liquidity gives banks more capital to lend, easing financial pressures on businesses like JD.com that rely heavily on consumer spending and economic confidence. JD.com, often considered a barometer for China’s domestic consumption, has benefited significantly from this shift in sentiment, with investors betting that further stimulus measures could lead to increased consumer spending on e-commerce platforms. From a technical perspective, there's not much left to say—we took some profits on JD.com, as this parabolic rise could either continue or see a pullback before another leg higher. All indications point towards further gains for JD.com, as it has smashed through all resistance and trend channels with remarkable strength. Our stop loss is set at break even, and we’re letting this trade continue to run.
NASDAQ:JDLong
by freeguy_by_wmc
3
NEIRO/USDT: 100% PROFIT POTENTIAL!!Hey everyone! If you're enjoying this analysis, please give it a thumbs up and follow! NEIRO is showing strong potential! It has just broken out of a falling wedge and is currently retesting the breakout level – a great entry point. Buy now and add more on dips for maximum gains! Entry range: $0.0025 - $0.0028 Target: 80-100% potential upside Stop Loss (SL): $0.00225 What do you think of NEIRO's current price action? Spotting a bullish setup? Share your thoughts and analysis in the comments below!
Long
by CoreCrypto1
5
SEI 1H Breakout??Potential breakout play on SEI, having broken above the diagonal trendline resistance. Now retesting this trendline as new support after making new higher low and higher high on the 1H timeframe. Price is currently in the middle of 2 draws to the downside and 2 to the upside. This does make the breakout less certain, the bullish OB that lays under current price would have better R:R without breaking the new bullish trend. Clear resistance is shown around the triple top pattern/ Daily resistance. As the general HTF structure is still a choppy one, these areas of resistance shouldn't be taken lightly as there is no real momentum to break those levels easily.
by ProR35
IREDA is ready for breakout?Overview: NSE:IREDA is a fundamentally strong stock that entered a downtrend after reaching its all-time high (ATH) of 310. This stock is a trendy stock, which follows a trendy price action. After breaking its previous ATH of around 215, it surged to 310, delivering a 42% return. Following this rally, it pulled back to the prior ATH of 215 and bounced back from that level. This bounce suggests a potential breakout, which could indicate the continuation of the uptrend. Trade Plan : The price has found strong support at 215, indicating bullish momentum. If the price breaks the vertical and horizontal resistance of 235 on the daily timeframe and sustains above it, consider opening a buy position with a stop loss placed below 215. In case the price doesn't break this resistance, consider waiting for a breakout. While the price consolidates between 215 and 225 accumulate buy position. During this period, it’s crucial to maintain a strict stop loss below 215, keeping your risk-reward ratio in mind and aligning with your risk management strategy. Targets: 1st TP: 265, 2nd TP: 305, 3rd TP: Trail until stoploss hit. If you found this analysis helpful, please hit the boost and follow for more updates. Note: All ideas shared here are solely my personal opinions for educational purposes and do not constitute financial advice. Always conduct your own analysis or consult with a certified financial advisor before making any investment or trading decisions. I am not responsible for any financial loss that may occur as a result of following this information.
NSE:IREDALong
by MrSharelock
EIGEN/USDT: Falling Wedge Retest – Ready for a Bullish move!!Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated! EIGEN looks promising here. It’s breaking out of a falling wedge and is currently retesting the wedge. Consider going long at the current market price (CMP) and adding more on dips. Entry range: $3.26 - $3.36 Targets: $3.60 / $3.79 / $3.94 / $4.32 Stop Loss (SL): $3.08 Leverage: 5x What are your thoughts on EIGEN's current price action? Do you see a bullish pattern developing? Share your analysis in the comments below!
Long
by CoreCrypto1
2
DOGE at a Critical Juncture: Breakout Signals Potential RallyMarket Overview: Dogecoin (DOGE/USD) has broken above a key diagonal trendline, suggesting a potential shift in its long-term trajectory. The recent price action also includes a higher-high, and if a higher-low forms during the current pullback, it would solidify a short-term bullish trend. Price Targets: If the breakout holds, Dogecoin could target previous swing highs in the $0.13-$0.14 range. Monitoring the volume profile is key, as strong buying volume will confirm the momentum of this breakout. #Dogecoin #DOGE #CryptoAnalysis #BullishTrend #Breakout
COINBASE:DOGEUSDLong
by Richtv_official
NOT/USDT BREAKOUT ALERT: READY FOR TAKEOFF!!Hey everyone! If you're enjoying this analysis, please give it a thumbs up and follow! NOT is showing potential here. It’s breaking out from a falling wedge-like structure on the daily time frame and is currently hovering near the wedge. This could be a good buying opportunity, with a chance to add more on dips. Entry range: Current Market Price (CMP) and accumulate up to $0.0068 Targets: $0.0104 / $0.0136 / $0.0172 / $0.0225 Stop Loss (SL): $0.0054 What are your thoughts on NOT's current price action? Do you see a bullish setup? Share your analysis in the comments below!
Long
by CoreCrypto1