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Breakouttrade

Tesla - Indecision with the triangleNASDAQ:TSLA has been consolidating for almost 4 years and is definitely ready for a breakout! +3.300% was the previous rally on Tesla which started back in 2019. But at the moment Tesla is not looking bullish whatsoever, considering that Tesla is trading at the same level as it was about four years ago. However, there is a long term descending triangle formation forming and therefore it is quite likely that we will (soon) see a breakout, either towards the upside or towards the downside. Levels to watch: $210, $120 Keep your long term vision, Philip - BasicTrading
NASDAQ:TSLALong
by basictradingtv
11
Can Gold complete the breakout with a new leg high? Hi, and welcome to Tuesday's update. Today's focus is on Gold as price continues to trade with inside bars after last Friday's 3% jump. US employment data fueled the rally, and this data sent the USD packing. We're looking for Friday's breakout to complete, but we need to see buyers come back into the market with another firm move higher to show us that Friday's price action is set to continue. Last Friday's close has so far done what required breaking to levels of resistance after re-holding 1626 support. We don't want to see a new close back below 1650, as this could be a sign that buyer momentum was only short-term. We would like to see a new break above 1681.50 or a new higher low above 1665 to continue the idea buyers remain in control. We still feel the USD will play a key role in whether this move continues or not. Keep an eye on this week's US CPI data, which will be released Friday morning at 12:30 am AEDT. Have a great Tuesday and good trading.
EIGHTCAP:XAUUSDLong
by Eightcap
EURCAD I SHORT or LONG? Here's Your Plan!Welcome back! Here's an analysis of this pair! **EURCAD - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
by BKTradingAcademy
2
BTCUSDT is testing a key level In this analysis, we start from monthly timeframe and we can see how the price respected the Fibonacci retracement on 0.786 level, and we create new weekly and monthly structures. on the Daily timeframe the price created a strong area on 43-44k where the market is trying to have a breakout. On the 4h timeframe we can see how the price is testing the 0.886 Fibonacci level as new resistance. How to approach? We need to see a new breakout from the daily resistance with Volume and momentum, because that area is very strong and we could see a false breakout from it, for that reason we are following our rules. A breakout is not enough to open a new long position, the price needs to satisfy our rules. IF the price is going to satisfy all our checkpoints, we can open a new long position. the next valid resistance is on the monthly resistance on 46800 ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
Long
by InkyGrip
29
ETHUSDT is creating a descending channel The price is creating a descending channel on the daily resistance after a bounce on the 0.5 Fibonacci level on the Monthly chart. The price got rejections from the 3k resistance, it's a key level. On the 4h timeframe the price is testing the resistance on 2700$ and the market got rejections from that are. How to approach? For a bullish scenario, I'd like to see a clear breakout from the dynamic resistance and daily resistance on 3k. Otherwise, if the price is going to lose the weekly support and retest the support as new resistance we could see a new short impulse. Next valid support is 2k ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
by InkyGrip
4
IOSTBTC is creating a pennant 🦐IOSTBTC is creating a pennant below the weekly resistance. IF the price is going to have a breakout, According to Plancton's strategy (check our Academy ), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure.
ILong
by InkyGrip
22
BTCUSDT is creating a descending channel 🦐BTCUSDT is creating a descending channel inside the daily ascending channel. We need to monitor the 0.5 Fibonacci level on the W's neckline. According to Plancton's strategy (check our Academy ), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure.
by InkyGrip
20
SKLUSDT is testing the weekly resistance 🦐SKLUSDT is testing the weekly resistance. IF the price will have a breakout from the resistance and turn to new support, According to Plancton's strategy (check our Academy ), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure.
Long
by InkyGrip
4
YFIUSDT is testing the weekly support 🦐YFIUSDT is testing the weekly support and now is trying to have a breakout from the descending channel. IF the price will have a breakout, According to Plancton's strategy (check our Academy ), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure.
Long
by InkyGrip
10