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Breakouttrading

DOGE: Breakout Potential/ Long-Term Investment Considerations Accumulation Range Breakout: BINANCE:DOGEUSDT has successfully broken out of its previous accumulation range over the past few weeks. 🐃This breakout confirms a bullish trend reversal and indicates potential for further price appreciation.🐃 🍣Key Resistance Level and Consolidation: The price has reached a significant resistance level, leading to price consolidation and RSI reset. A successful breakout above this resistance level could propel the price towards the next weekly resistance at 0.3. 📊Volume and RSI Considerations: Adequate market volume is crucial to facilitate a breakout above the current resistance level. RSI approaching the overbought zone would indicate strong momentum and support the bullish case. 📈MID-Term Investment Potential: Based on higher targets, DOG could be a viable investment option if the overall market trend remains favorable. However, investors should exercise caution due to the inherent risks associated with cryptocurrency investments. 🔍📉Reversal and Ranging Scenarios: Rejection at the current resistance level and a breakdown of the RSI trendline could result in a price correction or extended consolidation. 🚫Investors should monitor these factors and adjust their strategies accordingly. 🚫This analysis is for educational purposes only and should not be construed as financial advice. Always conduct your own research and employ sound risk management practices before investing.🚫
Long
by solinash1
INFOSYS (INFY) Big Bullish Move is coming soonFundamentals of Company 1. Consistent Growth of Company & Increasing Profits Year on Year 2. Great to Fair Valuation 3. Strong Big Players Holding 4.Robust management 5.IT Sector is Outperforming & Flourishing Technical Factors for Buying 1. Completion of Accumulation & Formation of HH + HLs on Daily & Weekly TF 2. Retest of major breakout completed 3. Bullish pattern Formation on Daily TF on 7 Mar 24. 4. Wick & Strong rejection on Weekly TF 5. All Momentum & Price based Indicators are also in buying direction
NSE:INFYLong
by Wealthy_Vikish
1
SHIB Analysis: Breakout Confirmation and Potential UpsurgeThis analysis examines the recent breakout of Shiba Inu (SHIB) and assesses its potential for further upward movement. Previous Analysis Validation:🫶🏻💪🏻 The previous analysis successfully predicted the price reaching the anticipated weekly resistance level. Breakout Confirmation:📊📈 The recent breakout above the weekly resistance level confirms the bullish trend reversal. Breakout Confirmation: The recent breakout above the weekly resistance level confirms the bullish trend reversal. 4-Hour Trendline and Triangle Pattern:✅ A breakout above the current 4-hour trendline is expected to further validate the uptrend. A successful breakout from the triangle pattern also indicates a continuation of the upward momentum. RSI and Risk Considerations:⛔ The RSI indicator is not yet in the overbought zone, suggesting that there is room for further growth. However, the lack of strong momentum warrants a cautious approach to entering new positions. Conclusion: The successful breakout of Shiba Inu BINANCE:SHIBUSDT and the bullish technical indicators suggest a potential for further upward movement. However, traders should exercise caution due to the absence of strong momentum. This analysis is for educational purposes only and should not be construed as financial advice. Always conduct your own research and employ sound risk management practices before trading.
Long
by solinash1
XAUUSD Retracement 04.03.2024Gold experienced quite unusual high volatility and movement to the upside. The question is, will the resistance 2088 USD/oz hold this week, causing the price to drop? The retracement as depicted is a possibility. Even more if the 2080 USD/oz level is breached. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com/economic-calenda... Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350).
FXOPEN:XAUUSDShort
by Stuart_Cowell
1
Shiba Inu Technical Analysis: Consolidation or Breakout?Current Situation: Shiba Inu has entered an accumulation zone, indicating a period of consolidation where buyers and sellers are reaching an equilibrium. Despite facing resistance just above this zone, Shiba has managed to regain some of its strength. The price is currently hovering around its 10-day moving average, a key technical indicator. Potential Moves: Breaking above the Trendline (TT Line): This could lead to a downward channel breakout, potentially lowering the price range. ⬇️ Breaking above the MACD Signal Line (Green Line): This could signal a bullish breakout, leading to a potential price increase. ⬆️ Breaking below the RSI Support Line (Blue Line): This could indicate a loss of momentum, potentially leading to a price decline. ⬇️ Additional Observations: Rising Trading Volume: The recent increase in trading volume suggests heightened volatility in the near future. Potential for Uptrend: Based on the rising volume, there's a chance for Shiba to climb toward the next weekly resistance level if it moves. Overall: From a technical analysis standpoint, Shiba Inu is currently in a consolidation phase. The direction of the price will depend on whether it breaks above or below key technical levels like the TT Line, MACD Signal Line, and RSI Support Line. The increased trading volume suggests a potential for significant price movement in the coming days. This analysis is for informational purposes only and should not be considered investment advice. Please conduct your own due diligence before making any investment decisions
Long
by solinash1
2
META - Lots of room to move! Don't miss your chance againMETA is showing some extremely bullish signs and at the very least you can see that from all the bullish volume stepping in yesterday at the bottom of our orange range. That is confirmation for me that if we activate orange strong buying (which we did), we can expect a retest and soon breakout of this orange very tapered buying channel. Lots of profits to be made here - look for an opportunity with a retest and some structure to grab all the left shoulder liquidity we've built for this move up. See you at market open! Happy Trading :)
NASDAQ:METALong
by ReigningTrades
1
META - How I caught the entirety of today's 8 point move!We discussed this to look out for in last night's video analysis on META (please watch that video linked below if you haven't so you can start to see what I'm seeing!!). So much profit was to be made today on this stock from the initial rejection of green (knowing we needed to build more liquidity) down to the retest of teal and support from orange tapered buying (the bottom of our recent range). Stay tuned for more analysis so that you can learn this skill! It's incredible what we can do in the market once we start to see these algorithms at work! Hope you all had a great day as well and looking forward to another profitable trading day tomorrow! Happy Trading :)
NASDAQ:METALong
by ReigningTrades