Tesla's Electrifying Rally: Stock Zooms to New Peaks● After facing a notable setback at the $415 mark, the stock took a dramatic plunge, dropping around 75% before finding its footing close to the $100 threshold.
● Following this, the stock entered an extended period of consolidation, eventually created a Rounding Bottom pattern.
● Recently, the stock has surpassed its previous resistance and reached all-time high.
● This breakthrough has sparked significant excitement, with optimism soaring about the stock's future growth potential.
Breakout
CVC due for a bullish break out?I like the project, blockchain identify services, needed to regulatory compliance for things like DEX for example. But CVC seems to have always struggled to get the love from the market, even now it is lagging the broad Crypto market run. Here is what the charts have to say.
Structure and Price Action:
**Breakout Above Descending Resistance**:
The chart shows a breakout above the long-term **descending red trendline**, signaling a shift from bearish to bullish momentum. This is a significant move, as price is now retesting the breakout.
**Red Resistance Zone**:
Price has approached a strong **red resistance zone** around $0.22–$0.24. A decisive break above this level could open further upside.
**Higher Highs and Higher Lows**:
The price structure reflects a clear uptrend with consecutive **higher highs and higher lows**, which is a bullish signal.
**Retest of Breakout Area**:
The recent spike is now consolidating just below resistance, testing support at the prior descending red trendline.
Support and Resistance:
**Immediate Resistance**: $0.22–$0.24 (red resistance zone where sellers are active).
**Key Support Levels**:
$0.18: Support formed at the prior breakout area.
$0.16: Strong support at the **green order block zone**.
$0.12–$0.10: Key structural support aligned with prior lows.
Indicators:
Moving Averages (EMA 20/50/100/200):
Price is above the **EMA 20** ($0.17) and EMA 50 ($0.16), confirming short-term bullish momentum.
The **EMA 100/200** ($0.14 and $0.136) are now acting as strong support, aligning with previous demand zones.
Money Flow Index (MFI):
MFI is at **75.64**, which signals that price is approaching **overbought conditions**. This suggests potential short-term consolidation or a minor pullback.
Stochastic RSI:
The Stochastic RSI is currently near **overbought territory** (~63.85 and 59.58), indicating a slowdown in upward momentum.
However, it still has room to push higher if bulls maintain control.
Volume:
Recent volume has increased significantly during the breakout, validating the bullish move.
A volume decline during consolidation suggests profit-taking but no significant selling pressure yet.
Pattern Analysis:
The breakout above the **descending red trendline** signals a bullish reversal.
The price is now consolidating near the red resistance zone, forming a potential **bullish flag** or consolidation pattern.
Probabilistic Outlook:
Bullish Continuation (Primary Scenario):
If price breaks decisively above the $0.22–$0.24 resistance zone with volume, further upside is likely.
Key upside targets:
**First Target**: $0.26 (next resistance zone).
**Second Target**: $0.30–$0.32 (historical resistance from previous highs).
Bearish Pullback (Alternate Scenario):
If price fails to break resistance and falls below $0.18, a pullback toward key supports is likely.
Key downside targets:
**First Target**: $0.16 (green order block).
**Second Target**: $0.12–$0.10 (strong historical support and EMA 200).
Key Signals to Watch:
Breakout above $0.24 with strong volume = **Bullish continuation**.
Breakdown below $0.18 = **Bearish pullback confirmation**.
Monitor volume during consolidation to gauge buyer strength.
Conclusion:
The chart reflects a **bullish breakout** above descending resistance, with price now testing a key red resistance zone. A breakout above $0.24 could signal further upside toward $0.26 and $0.30. However, overbought indicators suggest caution, with potential for a pullback toward $0.18 or $0.16 before resuming the uptrend.
EUR/USD is bullish now after this breakoutDESCENDING WEDGE PATTERN BREAKOUT :
FX:EURUSD has broken out of a descending wedge pattern with strong confirmation indicating market will go upwards till the target equivalent to the max width of the pattern
STRONG SUPPORT ZONE TESTED :
market has recently tested a strong support zone which it had tested earlier two times and had gone upwards indicating strong upward momentum for the currency pair
PROFIT TARGET :
level is 1.05274
$NYSE:QBTS Consolidating between $4 and $5NYSE:QBTS appears to be consolidating between $4 and $5 a share. Lots of buzz right now in the quantum computing space. D-wave has been in the headlines quite a bit along with NASDAQ:NVDA and NASDAQ:RGTI These stocks are generating a staggering amount of daily volume. Which is great when attracting the FOMO crowd!
Looking for a breakout after this closes above the recent highs of $5.38 (with relatively higher volume). If it misses the breakout then I suspect we're in for another cycle of down/up oscillation.
Primary support is at ~$4.15 with the secondary major support at ~$2.77
secondary.
If this bounces down prior to a breakout, there will probably be opportunities to buy on a dip probably in the $4.20 - $4.60 range.
As with anything with a lot of volatility, hang on to your seats!
USD-CAD Bullish Breakout! Buy!
Hello,Traders!
USD-CAD is trading in a
Strong uptrend and the
pair made a breakout of
The key horizontal level
Of 1.4180 and the breakout
Is confirmed so we are
Bullish biased and we will
Be expecting a further
Bullish move up
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
AVGO LOOKING BULLISH DEC 12 2024AVGO is looking very good to go long at cmp. If you do understand the risk then you can go ahead and trade. If you don't understand the risk of a breakout then you should stay out of it.
Do not trade options at all
I am long here at current price and expectation is a green candle.
AUCTION ANALYSIS📊 #AUCTION Analysis
✅There is a formation of Falling Wedge Pattern on daily chart with a good breakout and currently retesting the major resistance zone🧐
Pattern signals potential bullish movement incoming after a breakout of major resistance zone
👀Current Price: $18.85
🚀 Target Price: $29.90
⚡️What to do ?
👀Keep an eye on #AUCTION price action and volume. We can trade according to the chart and make some profits⚡️⚡️
#AUCTION #Cryptocurrency #TechnicalAnalysis #DYOR
Amd - Retest, Reversal And A +100% Rally!Amd ( NASDAQ:AMD ) will soon retest massive previous support:
Click chart above to see the detailed analysis👆🏻
After Amd perfectly retested the upper channel resistance about half a year ago, we saw a beautiful rejection and already a retest of the crucial horizontal support. Now, Amd is once again coming back to retest this support and another bullish reversal is extremely likely.
Levels to watch: $130, $260
Keep your long term vision,
Philip (BasicTrading)
Dogecoin - This Is Still Just The Beginning!Dogecoin ( CRYPTO:DOGEUSD ) is still in its early stages:
Click chart above to see the detailed analysis👆🏻
Although Dogecoin already rallied more than +350% after breaking out of the triangle pattern, this still just seems to be the beginning of the next major bullrun. A conservative approach would indicate a +9.000% rally, but the first primary target is still the previous all time high.
Levels to watch: $0.7, $5.0
Keep your long term vision,
Philip (BasicTrading)
OM/USDT: BULL FLAG BREAKOUT! 200% PUMP INCOMING!!🌟 Hey Traders! 👋
If you're ready to capitalize on premium trade setups, hit that 👍 and follow us for more high-value insights that deliver results! 💹🚀
🔍 Technical Overview
🔥 OM is looking exceptionally bullish! It has broken out of a bull flag pattern on the 8-hour time frame and is currently retesting the flag—a prime accumulation zone. This setup hints at explosive upside potential.
Here’s the play:
📈 Entry Zone: $4.00–$4.20
🎯 Target: 150–200% gains
🛡️ Stop-Loss: $3.62
🌐 Fundamental Analysis:
What is OM?
OM is the native token of the MANTRA DAO ecosystem, a decentralized finance (DeFi) platform focused on staking, lending, and governance. It empowers users to actively participate in the project while earning rewards.
Key Growth Drivers
DeFi Adoption: OM is positioned as a key player in the growing DeFi space, with increasing traction.
Utility Expansion: The token is used for governance, staking, and liquidity mining, creating constant demand.
Strong Community Support: Backed by a loyal community, OM continues to innovate and grow its ecosystem.
🚀 The Opportunity
OM is not just a technical setup—it’s a fundamentally sound project with strong growth potential. This is your chance to accumulate before the market catches on.
💬 Your Take?
Do you see the same upside potential? Drop your analysis and strategies in the comments below—let’s collaborate and ride this wave together! 🌊🔥
👉 Follow us for more market-winning trade setups and real-time updates!
Bitcoin - Preparing For Another +200% Rally!Bitcoin ( BITSTAMP:BTCUSD ) is just starting a major bullrun:
Click chart above to see the detailed analysis👆🏻
Bitcoin rallied more than +40% in November and despite the recent bullrun and the all time high breakout, Bitcoin is just starting its next major bullish cycle. Looking at previous price and trend behaviour, it is quite likely that Bitcoin will eventually retest the top of the channel.
Levels to watch: $100.000, $300.000
Keep your long term vision,
Philip (BasicTrading)
SWING IDEA - VEDANTAVedanta Limited , a leading natural resources company in India, is presenting a strong swing trade setup, supported by key technical signals.
Reasons are listed below :
500 Level Breakout Attempt : After multiple tests, the price is attempting to break out from a crucial level following a tight consolidation near its all-time high.
14+ Year Consolidation Break : The stock is on the verge of breaking a consolidation zone that has persisted for over 14 years, signaling a significant long-term trend change.
Bullish Marubozu Candle : A strong bullish marubozu candle on the weekly timeframe underscores robust buying interest.
EMA Support : Price action is trading decisively above the 50 and 200 EMA, indicating sustained bullish momentum.
All-Time High Breakout : The stock is poised to surpass its all-time high made in 2010, signaling potential for further upside.
Target - 580 // 675
Stoploss - weekly close below 425
DISCLAIMER -
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@visionary.growth.insights
TradeCityPro | NZDCAD : Approaching Key Support Levels👋 Welcome to TradeCityPro!
In this analysis, I will review the NZDCAD forex pair for you. The analysis will be conducted on the daily timeframe.
📅 In this timeframe, a gradually sloping upward channel can be observed, with the price currently positioned near the bottom of the channel. The nearest support level to the current price is at 0.81376.
🧩 If the RSI manages to stabilize above 56.22, upward momentum could enter the market, allowing the price to potentially move towards the 0.83869 level.
📈 If 0.83869 is broken, the next resistance level will be at 0.86836, which approximately overlaps with the upper boundary of the ascending channel.
🔽 In the bearish scenario, as mentioned earlier, the first support level is 0.81376, and if this area is broken, the next support level will be 0.79789, which is one of the strongest support zones on the chart.
🔑 Overall, considering the more bearish momentum and the gentle slope of the ascending channel, I believe the likelihood of the channel breaking downward is quite high.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
USOIL BULL Triangle The oil chart is showcasing a large triangle pattern within a smaller triangle, and the breakout of the smaller triangle to the upside strongly suggests that the larger triangle will also be broken. This breakout signals the potential to target significantly higher levels.
Additionally, the bottom has been tested approximately four times, with the last test clearing out all liquidity. Now, the chart appears to be gearing up for a major upward move after a prolonged accumulation phase.
As for my perspective, I’m betting on oil’s rise rather than its decline, even though the current triangle formation is typically a bearish (descending) triangle.
The second entry opportunity will present itself after the larger triangle is broken and confirmed through a retest.
Note: I don't care about the count if it right or not don't comment on that please
ONDO/USDT: Breakout Alert: 60%+ Upside Potential in Play!🚀 Hey Traders! 👋
If this analysis resonates with you, smash that 👍 and hit Follow for premium setups that actually deliver results! 💹🔥
ONDO is showing bullish momentum, breaking out of a bullish flag on the 4-hour time frame. This breakout signals potential for a significant upward move. Let’s break it down:
🔍 Technical Highlights
Breakout Confirmation: ONDO has broken out of the bull flag after consolidating above the EMA 50, showcasing strength.
Retest and Hold: Price is retesting the breakout zone successfully, signaling readiness for continuation.
🎯 Key Levels
Entry Zone: $1.58 - $1.64
Target: $2.63 (Potential 60%+ upside)
Stop-Loss: $1.43 (to protect downside risk)
Lev: Use low lev (Max 5x)
💡 Trade Insights
The confluence of the breakout and EMA 50 support adds strength to this setup. If the momentum continues, ONDO could deliver substantial returns.
📈 Are you in this trade? Share your thoughts and strategy below!
👉 Follow for more premium trade setups and updates. 🚀
Solana - Finally Initiating The Bullish Breakout!Solana ($CRYTO:SOLUSD) is finally breaking above the highs:
Click chart above to see the detailed analysis👆🏻
In the end of 2023, Solana create a so called reversal triangle breakout and rallied more than +1.000% over the past couple of months. However looking at the current all time high breakout rally, this might still just be the beginning of the next massive Solana bullrun.
Levels to watch: $200, $500
Keep your long term vision,
Philip (BasicTrading)