More CADJPY breakout signals indicate pair about to go higher..Refer to a previous post for a higher time frame perspective on this breakout.
Ascending triangle breakout in the making.
Not trading advice.
Breakoutsetup
IOTAUSDT at it again. Will it succeed this time?I've been harping about this setup for a while now and kept getting stalled. Patience is a virtue they say. :)
We really just need to take out that 0.49 level and there should be better probabilities we'll see that big move up.
RSRUSDT about to resume price discovery...Went into trading range for approximately 29 days and now things maybe looking up.
Looking for a measured move off of consolidation to about 0.066.
This bullish scenario likely happening soon if bulls manage to defend 0.0385 support level.
ZILUSDT breaking out of consolidation. Waiting for daily close.A nice textbook setup forming for this coin. Needs to be confirmed but looking good so far.
Market has been all sideways lately so watch out for more of that (e.g. false break). Assuming this breakout is strong, one may expect the current candle to close near its high and a nice follow through candle tomorrow. A re-test of the trend line support is also a valid price action in a bullish breakout scenario.
Not trading advice.
ADAUSDT about to get interesting again with potential breakout..Another textbook pattern and a potential breakout setup. Measured targets marked.
Not a trading advice. DYOR.
Theta Crypto Triangle Pattern BreakoutTheta looks to be breaking out of triangle pattern on daily chart. Setting up for a breakout also against Bitcoin.
EURGBP attempting to break key support level... going lower?We last saw the price below .8860 level in MAY-2020 so this should be significant once confirmed.
Could target the 0.8750 level upon confirmation. Waiting for the daily close for this.
CADJPY Weekly Chart Attempting a Major BreakoutBuying pressure seems to be building nicely and pointing to a possible breakout sooner rather than later.
A weekly close above 82.00 would be a bullish signal. A successful breakout could target the 84.30 area for starters.
The HR chart is showing an expanding triangle at resistance level. Looking mighty bullish IMO but still needs to break away from this consolidation pattern.
IOTAUSDT seeing some follow through buying. Next Level to watchBeen watching this setup unfold for a bit now.
Seeing some follow through after breaking that tough 0.43 level on a daily closing basis (would love to see the weekly close too).
Flip 0.49 and odds increase of a run to a measured move from this huge inverted H&S pattern.
RSRUSDT potential breakout setup from this textbook pattern...Keeping it simple here as per usual. This as good as it gets if you're a breakout trader.
This coin is in price discovery mode so.... moon? :)
LTCUSD consolidating for a potential breakout move...Litecoin is acting funny IMO. Seems to have lost momentum and is currently showing bearish signals (maybe for a potential deeper correction or a re-test off that recent low at 111.00?). Looking for a breakout here but I'm thinking it can go in either direction with a 50-50 chance so not a good bet right now for me until we increase the odds a little for either direction. I've actually converted my LTC holding into another coin as LTC seems like it's going to be outpaced by other coins.
Of course I may be wrong and LTC could explode to the moon but I'm going with my price action analysis here and live with whatever the results may be... :)
ZILUSDT still consolidating below resistance... breakout soon?Posting about ZIL for 2 days in a row because I really like what's happening here.
Market is a bit confusing right now but wouldn't it be amazing if this pair broke out of consolidation off of this diamond pattern? :)
Not trading advice.
VETETH rallying to test trading range resistance level?Currently attempting to break that double-bottom neckline. If confirmed, opens up a run to range resistance for a possible bullish breakout scenario...
The bottom is probably in, folks! :)
Will VETUSDT close the week above key level again?Has been ranging for the past 2 weeks but last week closed above 0.0265 (barely) which I think is a key historical level (former highest weekly close for $VET). Market traded back below this level this week which indicated a possible false break but it seems the bulls may yet save the week for VeChain and, with just a couple of hours till weekly close, we may see the price close above 0.0265 again for the second consecutive week.
I do believe this is significant. And it's even better if we close this week above last week's closing price (0.0271).
Note, however, that the market is in a trading range right now so we are not out of the woods yet until we see that follow through buying to get us out of this 2-week price range. But closing the week above 0.0265 again definitely improves the odds toward that end.
The BTCUSDT level that I am watching while market goes sidewaysAdding a bit more confidence that current prices could attract more buyers soon. I think 33k is logical support and may be a good buyers zone.
Note also the downward volume trend as price consolidates further. Looking bullish to me honestly.
BUT...
This bigger pullback may be confusing traders right now and we may see more sideways before resuming up. An even bigger pullback is also possible of course.
Daily chart indicating that this pullback is now in its 2nd leg down. The 2nd leg doesn't have to go lower than the preceding low (Triangle?)... but we'll see.
Not trading advice.
ZILUSDT making another breakout attempt out of consolidationA bit of momentum on the bulls side might finally push the price higher and out of this descending broadening wedge.
A confirmed break opens up a run to new ATH and into price discovery mode.
VETETH bullish reversal scenario and the key near term levels...From a previous post, bullish scenario off of a trading range bottom is looking better IMO. Now we've had a re-test of the low forming what could be a possible double bottom reversal.
Just needs to break that neckline around 0.0000233
VETUSDT finally saying goodbye to 2-cents? Breaking that key 0.0265 level is pretty significant IMO. While we still need to wait for a HTF close (e.g. daily close) to confirm, something tells me the bulls have momentum on their side and we may see further breaks of resistances in the near term.
Current resistance is a trend line resistance drawn from the 06-JAN-2021 HIGH.
LINKUSDT breakouut to ATH imminent? Key level in play...LINK is killing it with its recent rally and looks to re-testing 18.80 key resistance level. Break that on a weekly close basis and higher chances for prices to run new ATHs.
EURNZD forging a bullish reversal (potential inverted H&S setup)Currently at support and forming a potential breakout setup off of an inverted HS. Let's see how it deals with that neckline if the buying pressure persists.
IOTUSDT making a break for it... Breakout setup back in play. Waiting for a weekly close here but not beyond me to entering small and early if LTF price action shows a strong possibility.
EURUSD currently at support levels. Will they flip?Wedge top breakout with follow through sell-off. Seeing support region at 1.1230-60 and bears will be looking to flip that to continue sell-off.
On the other hand, bulls camp will look to buy at these areas. We might see a broad trading range going forward.
Neutral for now but looking to buy until we see a clear break below support.
LAZR: WEDGE ABOUT TO BREAKLAZR :
Nice consolidation within a symmetrical triangle / wedge . Ready to break.
A break to the upside would give us a first potential target of 46.50 usd +
Wait for confirmation before entering as it could also break to the downside.
One concern: the 200 MA is quiet far.
But I'm leaning slightly bullish based on the Tenkan support (Blue line-Ichimoku).
Trade safe.
