Get started

Breakouts

Second huge breakout coming for Ripple (XRP) soon?BITTREX:XRPBTC Ripple is approaching near-pinpoint consolidation, just after its largest chart climb ever. This chart represents only the XRP/BTC value, but other pairings are showing a similar pattern. Chart comparisons with other XRP pairings could prove useful in demonstrating the same trend. Solid resistance is tested on a steady downward slope from the peak at 0.000195 BTC and confirmed just below 0.000180 and again at 0.000160. All signs seem to point to an even bigger breakout, maybe within just a few hours, with solid baseline support above the 0.000150 level. Alternatively, these indicators might just point to a longer period of sideways trending, meanwhile building stronger support along the way.
by Otomakan
4
ETH/USD Pair has Broken Out of Consolidation - target is 1000+ETH/USD has moved up strongly higher on 11/22 and 11/23. A traditional chart analysis based upon historical patterns reveals a triangle consolidation pattern that now appears to be breaking out. Using a log chart and measuring the depth of the consolidation pattern, ETH/USD now has a projected target in excess of 1000.00 USD. This is using a tried and true method for measuring targets that takes the depth of the consolidation area (in red) and uses the SAME length line to measure the target from the point of breakout. This could also be viewed as large channel, with the first leg taking ETH/USD from the mid teens to 400 - followed by the consolidation (a 'corrective wave') and now the next leg up begins. If this channel were to remain as such, the 1000+ target is nowhere near the upper line of resistance. This could get very interesting. Someone say hi to Jamie Dimon for me.
BITFINEX:ETHUSDLong
by EtherCharts
1
$NAK is ready for a move on the upside.$NAK is ready for a move on the upside. It touched key levels of support and bounced back up after hitting the trend line. Entry point: 1.48 Exit point: 1.97, if that key level of resistance is broken, hold until the next level of resistance is touched. Stop loss: If the price goes below 1.23, a trend reversal will be confirmed. Below that point, sell your position. Details to consider: - This stock is prone to manipulation and massive dumping, be ready to close your position in case the situation turns bearish. - It is wise to buy more shares once a breakout has been confirmed. - Do not average down on your position if you are at a loss. Cut your losses short and have a clear stop loss exit point. - The trend line has been consistent over the past months, so holding this stock for longer terms is possible. - Have well defined entry and exit points if you are going to day trade this stock. - It is a mining stock, meaning the exploration/drilling results will heavily influence future price action. Watch press releases very closely.
AMEX:NAKLong
by tradinground
AUDUSD Break-out performanceLooking back at the bigger picture of this break-out, there could be two additional targets for the price to go lower. Looking closely, the formation of another rising wedge ( ) over the last two weeks with Stochastic indicating an already overbought condition. Resistance should be around the 0.74950 mark although there is also an advanced pattern completion a bit higher than this, I would not be surprised if price gets to 0.75400-ish before it goes South. Intermediate and Max targets are set using the bigger structure patterns. The longterm trendline acts as resistance (blue dash line) while the pip count goes off the roof. I trust you this should be a longer term trade, quite possible but still to be closely monitored for changes. Let me know what you think about this.
Short
by Telson
1
USDJPY 60min Preparing for a BreakoutUSDJPY on the 60min in consolidating in the shape of a Descending Triangle. These patterns tend to cause large breakout moves in the markets. I'll be watching this pattern and will be waiting for a Break & Close out of the pattern to give me direction. As of right now I have no idea which direction it will break, so I will not involve myself until I get my signal. Also we are at a Major Support Level in the market. I love finding these patterns at higher time frame structure levels.
by PateSkpate
7
USDJPY Breakout USDJPY has been in a bearish channel since the start of 2016. Now finding itself with a tightening of the channel due to a strong level of support from the 100.000 price level. If the bearish momentum continues there could be a breakout under the 100.000 price level. If 100.000 continues to act as strong support, there could be a potential bullish breakout. The fundamental factors to look out for is the FOMC and BOJ meeting on Wednesday 21st September. These two events could cause a breakout to the upside or downside.
by ameetfx