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Breakoutsignal

BTC 26800 to Pullback to 22600 after Recent Bullish Momentum?Bitcoin has experienced a sudden bullish reaction, breaking through the 26k level, which is a positive sign for buyers who gain more confidence in the current market. However, although the price managed to surpass the important resistance at 26,400, it failed to close above this level. The day closed at a range of 24,680, indicating that buyers are likely to experience a short-term sideways movement at this resistance range. During this period, the bulls may still reach the 26,800 price range, but this could also result in a pullback to 22,600, which will be a decision point for the current bullish momentum. If the momentum continues, Bitcoin could reach the 28k to 32k resistance area. The current week started on a bullish note, and the closing of the current weekly candle will determine if this is a sustainable trend or a trap. There is a possible technical analysis (TA) of 28k next if the 26,800 resistance is conquered. Shorting the current price reaction to 26,400 may fail, as the current hanging man on that resistance is not enough assurance that the price will get rejected immediately. However, if the buyers fail on the second rejection, this could lead to a deeper pullback with a TA of 22,600 and 20,800.
by MachiavelliTrader
2
MSFT - Falling Trend [MIDTERM]- MSFT has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate. - MSFT has broken up through resistance at 257. - This predicts a further rise. - Positive volume balance indicates that buyers are aggressive while sellers are passive, and strengthens the stock. - MSFT is overall assessed as technically positive for the medium long term. *EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut loss, TF: Time Frame, RST: Resistance, LT TP: Long term target price
NASDAQ:MSFTLong
by wavepoint99
OGNUSDT needs the breakout!OGNUSDT is testing the descending channel below the static resistance level. A descending channel is a technical analysis pattern that consists of two downward sloping trendlines. The upper trendline represents resistance, while the lower trendline represents support. In this case, the price of OGNUSDT is testing the lower trendline of the descending channel, which indicates a bearish trend. Additionally, the static resistance level indicates an area where sellers are likely to take control of the price, making it difficult for buyers to push the price higher. If the price of OGNUSDT breaks above this level, it could signify a shift in momentum and the potential for a bullish trend. To confirm a bullish trend, traders would need to wait for a breakout from the descending channel that satisfies Plancton's rules. Plancton's rules are a set of technical analysis guidelines that aim to identify high-probability trading opportunities. These rules include looking for strong trends, clear price patterns, and confirmation. In summary, the current situation for OGNUSDT suggests a bearish trend within a descending channel below the static resistance level. Traders should watch for a breakout from the descending channel that satisfies Plancton's rules before entering a long position. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
8
FCPO PALM CRUDE OIL INDEX BURSA MALAYSIABottom reversal pattern has been form on week 03-Oct-2022 Currently FCPO price in sideway range between 3730 (support)- 4500 (resistant) Trade Strategy: (BUY / CALL) Once FCPO price break out & goes beyond price 4500 with increasing volume. TP1: 4990 TP2: 6230 CL: 3730 Risk Ratio Reward - 1 : 2 Fact supporting indicator: Smart Money Pro bullish Profit-Chip (red bar) continuous increases for 3weeks and crossed over Profit-Chip Moving Average line. #bursasaham #malaysiastockmarket #fcpo #palmcrude #bursamalaysia #malaysia #bursa #trendline #trendanalysis #technicalanalysis #chartpattern #trendpattern #uptrend #bullbear #supportresistance #technicalindicator #indicator #waveanalysis #bottomcatch #reversalsignal Disclaimer: This published Idea is solely for the purpose of education and opinion sharing, and should not be construed as investment advice or recommendations to buy or sell any security. Get your trade advise from a legit broker, you are responsible on your own trade.
MYX:FCPO1!Long
by magicswings
2
DOTUSDT Time to breakout?DOTUSDT is currently in an accumulation phase, as the market is consolidating below the key level of $7 on a weekly basis. During this phase, the price has been printing Higher Highs and Higher Lows, which indicates that buyers have been gradually gaining strength over sellers. An accumulation phase is typically characterized by a period of sideways movement in the price, as buyers and sellers work to establish a new equilibrium. This can often take place after a prolonged downtrend, when investors are looking for a bottom in the market. In the case of DOTUSDT, the accumulation phase is occurring below the important $7 level, which is a critical area of support and resistance. This level has held as a strong barrier to upside movement in the past, and as such, any potential breakout above it could signal a significant shift in market sentiment. As we wait for a new breakout, it's important to keep an eye on Plancton's rules, which are a set of guidelines for identifying potential market movements. If and when a new breakout occurs, we can apply these rules to help guide our decision-making and potentially open a new long position. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
10