GIC HOUSING FINANCE LTDHello and welcome to this analysis
It is on the verge of an Inverse Head & Shoulder breakout above 150 for 170/180/195.
From past data its been observed that an IHS which forms after a steep correction, in this case both in terms of price and time the reversals usually suggesting this could turn out to be a major trend reversal for the medium and long term.
Happy Investing
Breakoutsignal
Ripple Showing Rising Relative Strength Ripple (XRP) has outperformed the overall crypto market, showing relative strength in comparison to the Altcoin index. However, the XRP price is still trapped inside a 4-month consolidation pattern, with the upper resistance line close to $0.50.
Ripple Relative Strength
The relative strength metric can help us spot which cryptocurrencies are outperforming the general market. It's also a bullish sign when the XRP price makes a higher low when the Altcoin index, which tracks the performance of the overall altcoin market, is making a lower low.
This means that the XRP's price is rising while the other cryptos are falling.
Consolidation Pattern
The 4-month-old consolidation pattern led to a local bottom of $0.287 and resistance at $0.457. If the current XRP relative strength continues to progress, there is a high probability that the token will retest the top of the consolidation pattern.
The rally could even extend further to tag the 200-day simple moving average, which currently stands near the $0.50 mark.
Weekly Stochastic Indicator
Additionally, the stochastic indicator on the weekly chart is emerging from oversold readings (below the 20 level) for the first time since the current consolidation phase. This can further sustain the recent bounce.
Looking forward: Since we're still inside a consolidation pattern, there is a risk that we may end up with tighter price action until a real catalyst triggers a breakout.
2CRZ coiling up A possible new move could be near. 2CRZ bounces between support and resistance zones for time being. 200SMA on 1hr near the resistance zone. Break above this zone and 200sma have an excellent chance to trigger the next move up. Bellow our support zone we have one more significant level at 0.00282-0.00283 that has held strong 2 tests in the last week. I'm planning to enter at that level also if 2CRZ does another retest of it.
IDEX Breakout $we are testing our breakout zone above the 0.37$, if we open the the market above that level and hold above it , we going to test our 2 profit taking , if we opened below the 0.37$, we need to hold the support above the 0.34$ to confirm the strength of the bull and go up to break the 0.37$ and continue towards our profit taking .
$BAH is breaking out of a ~21 month long base! Can it go higher?Notes:
* Strong up trend on the higher time frames
* Great earnings track record
* Broke out of a ~21 month long base
* Higher than average weekly volume and coming off from its 10 week line
* Also breaking out of a smaller consolidation of ~12 weeks
* Gaped up a couple of days ago and is now coiling
* Broke historical resistance around the $97 area
Technicals:
Sector: Industrials - Consulting Services
Relative Strength vs. Sector: 3.15
Relative Strength vs. SP500: 2.07
U/D Ratio: 1.37
Base Depth: 7.78%
Distance from breakout buy point: 0.23%
Volume 55.27% above its 15 day avg.
Trade Idea:
* Now's a great time to buy since the price is just breaking out and is close to the break point
* If you're looking for a better entry you may look for one around the ~97.85 area as that should hold as support
Ichimoku cloud won't break!We have only touched the bottom of this cloud 4 times now in almost 12 years. Everytime we do, it means something huge for ole' BTC. First two times it indicated approx. 30x gainz. Second time, 20x. Third time 10x?
We shall see folks. Buckle up cuz' either way I smell something big!
Stew
💰BUY NZDUSD at the best price and place🧨🔰You can see the analysis of the New Zealand dollar to US dollar currency pair in a 15-minute time frame (NZDUSD_ 15min) 🔍🧨
💥If the price breaks the Down trend line🖤, if the price returns to the DEMAND zone, it can rise to the SUPPLY zone🚀🔺
Do you think this analysis can be profitable❓
I hope the analysis was useful for you🤍🌹
_______📈TRADER STREET📉______
KOK - small ascending triangleKOK printing small ascending triangle (bullish pattern). So we have a good chance to see a break above this resistance zone above. Don't be surprised to see a retest of the support zone below before pushing up, so don't buy this under the resistance zone as you might get stopped. Best entry at support retest or breakout with volume increased.
Good luck traders
Thanks for support
ROSEUSDT time to create the Breakout?The price had a big bullish impulse after Facebook's news, and now the price comes back into the demand zone. the price is creating a descending channel below the daily resistance
How to approach it?
IF the price is going to have a breakout and retest the resistance as new support, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ black structure -> <= 1h structure.
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Follow the Shrimp 🦐