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Bullishbreakout

SBIN Breakout Alert | Strong Volume + RSI Confirmation🔍 Chart Analysis Summary Pattern: Stock has broken out of a clear consolidation range (highlighted in blue), suggesting bullish momentum. Volume Spike: Notable surge in volume (blue arrow), confirming the breakout strength. RSI: RSI has broken above the 60–65 zone, indicating strong bullish momentum. Price Action: The breakout occurred above ₹775–₹780 resistance, now acting as support. 🟢 Recommendation: BUY Action Level (INR) Buy Above ₹785–₹790 (on minor dips or current price) Target 1 ₹835 Target 2 ₹875 Stoploss ₹755 (below the breakout support zone) for educational purposes only
NSE:SBINLong
by rmhetre15
JUSTDIAL LTD Falling Wedge (Bullish breakout)🔁 Chart Analysis Summary Weekly RSI is reversing from oversold levels and shows bullish divergence. Volume on breakout candle confirms strength. Clear breakout above falling wedge indicates a trend reversal. ✅ Buy Recommendation Buy above: ₹925 (Confirmation of breakout) Target 1: ₹1,050 Target 2: ₹1,250 Target 3: ₹1,400+ (Long-term potential based on pattern projection) ❌ Stop Loss SL: ₹840 (Below wedge support & recent low) for educational purposes only
NSE:JUSTDIALLong
by rmhetre15
Sanathan Textiles | Breakout After Rounded Bottom Setup Overview: The stock has formed a rounded bottom pattern, indicating accumulation and a potential breakout. Strong bullish weekly candle with a 10% gain and breakout above resistance box. RSI showing an upward breakout from oversold zone = bullish momentum building. Recommendation Buy Zone: ₹410–₹420 (current market price ₹417.60) Stoploss: ₹378 (below last higher low and box bottom) Target 1: ₹480 Target 2: ₹525 Target 3 (swing): ₹600+ ⏳ Ideal for swing to medium-term traders (1–8 weeks holding time). for educational purposes only
NSE:SANATHAN
by rmhetre15
JPY/USD Technical Analysis – Bullish Breakout from Falling WedgeIntroduction The JPY/USD chart showcases a classic falling wedge pattern, a strong bullish reversal signal. This pattern is characterized by converging downward-sloping trendlines, indicating a weakening bearish momentum. Eventually, buyers stepped in, leading to a breakout to the upside. This analysis breaks down key elements, including support and resistance zones, trendlines, trading strategy, and risk management. 1. Breakdown of the Chart Pattern A. The Falling Wedge Formation (Bullish Reversal Pattern) A falling wedge is a bullish technical pattern that forms when the price consolidates within two downward-sloping trendlines that converge over time. This signals that selling pressure is decreasing and a reversal may be near. Downtrend Structure: The price was previously in a consistent downtrend, making lower highs and lower lows, which formed the wedge. Breakout Confirmation: Once the price broke above the upper trendline, the pattern was confirmed, indicating the start of a bullish move. Retest Possibility: Often, after a breakout, the price retests the upper trendline before continuing higher. If it holds, it strengthens the bullish outlook. B. Key Levels Identified in the Chart 1. Support Zone (Buying Area) The price found strong support in the 0.006291 – 0.006500 region. Buyers stepped in, preventing the price from dropping further. This support level coincides with the bottom of the wedge, further validating its importance. 2. Resistance Zone (Profit Target) The 0.007100 – 0.007200 area is a major resistance level where sellers have previously dominated. If the price reaches this level and consolidates, traders will look for either a breakout or a rejection. A break above 0.007200 would indicate further bullish continuation. 3. Trendlines & Curve Formation A curved trendline in the chart suggests a gradual transition from bearish to bullish momentum. The dotted ascending trendline now acts as dynamic support, helping the price sustain its bullish move. 2. Trading Strategy & Risk Management A. Entry Strategies Traders have two primary ways to enter this trade: Aggressive Entry: Enter immediately after the breakout of the wedge. Higher risk but captures early momentum. Conservative Entry: Wait for a pullback to the trendline before entering. Lower risk as it confirms trend continuation. B. Take Profit Targets Primary Target: 0.007117 (Resistance level from previous highs). Extended Target: 0.007200 (Next significant resistance). C. Stop Loss Placement Below the recent swing low at 0.006291 to protect against false breakouts. Ensures a favorable risk-to-reward ratio. 3. Market Sentiment & Confirmation Signals ✅ Bullish Confirmation Breakout from the falling wedge Price holding above the trendline Higher highs and higher lows formation Increased buying volume ⚠️ Bearish Risks & Invalidations A break below the trendline would indicate weak momentum. If the price fails to hold support, it could reverse downward. Low volume on the breakout could signal a fake breakout. 4. Final Thoughts This setup provides a high-probability trading opportunity following the breakout from a falling wedge pattern. The risk-to-reward ratio is favorable, making it an ideal setup for trend-following traders. However, patience is key—waiting for a successful retest before entering can minimize risks. If the price maintains momentum, we could see a rally toward the 0.007100 – 0.007200 resistance zone in the coming weeks. 🚀
Long
by GoldMasterTrades
EUR/USD 1H Chart Analysis – Falling Wedge Breakout StrategyOverview of the Chart The EUR/USD 1-hour chart is forming a falling wedge pattern, which is a bullish reversal setup. This indicates that although the price has been trending downward, the selling pressure is weakening, and a breakout to the upside is becoming more likely. Currently, the price has broken above the wedge, signaling potential trend reversal. However, traders should watch for a retest of the breakout level to confirm whether the price holds above the resistance-turned-support area before further upward movement. Key Components of the Chart 1️⃣ Falling Wedge Pattern (Bullish Reversal Signal) A falling wedge consists of two downward-sloping trendlines that converge, showing a narrowing price range. This pattern is formed when: The price makes lower highs and lower lows, indicating a downtrend. The slope of the lower trendline is less steep than the upper one, meaning sellers are losing momentum. Eventually, the price breaks out above the upper trendline, confirming a bullish reversal. 2️⃣ Support & Resistance Levels ✅ Support Zone (Key Demand Area) The price recently tested a strong support level (highlighted in beige), where buyers aggressively entered the market. This level has held multiple times, indicating that buyers are stepping in whenever the price reaches this zone. The green upward arrow suggests that this is a key accumulation area, where demand is stronger than supply. 🚫 Resistance Zone (Profit Target) The resistance zone near 1.09450 is the first major target for bulls. Historically, price action has struggled to break through this level, making it a logical place to take profits. 3️⃣ Breakout Confirmation & Retest The price has successfully broken out above the falling wedge, which is a strong buy signal. However, a retest of the breakout level (marked by the yellow circle) might occur before further bullish continuation. If the price retests and holds above the previous resistance (now support), this will confirm the breakout and provide an additional buying opportunity. Trade Execution Strategy 📌 Entry Point: Enter a long trade after the breakout confirmation. For conservative traders, waiting for a successful retest before entering can reduce risk. 📌 Stop-Loss Placement: Place a stop loss just below the recent swing low at 1.07541 to limit downside risk. This ensures that if the breakout fails, the trade is exited with minimal loss. 📌 Profit Target: The first take-profit target is at 1.09450, the key resistance level. If bullish momentum continues, traders can look for higher targets based on price action. 📌 Risk-to-Reward Ratio: This setup provides a favorable risk-to-reward ratio, meaning that potential profits outweigh the risk taken on the trade. Technical Indicators Supporting the Trade 📈 Trend Reversal Signals The market has been in a downtrend, but the falling wedge signals a potential reversal. A higher low after the breakout would further confirm the uptrend. 📊 Volume Confirmation Ideally, a breakout should be accompanied by increased volume, showing strong buying pressure. If volume is low, a false breakout could occur, requiring careful trade management. 🔍 Retest & Price Action A retest of the breakout level should hold above the wedge to confirm bullish momentum. If the price fails to hold and falls back below, the breakout may have been a fakeout, meaning traders should exit or wait for re-entry. Risk Management & Trade Considerations Always use a stop-loss to manage risk. If the price fails to stay above the breakout level, consider exiting early. Watch for external market factors such as news events or economic data releases, which can impact EUR/USD volatility. Conclusion: Bullish Momentum is Building 🚀 This falling wedge breakout on the EUR/USD chart provides a high-probability long trade setup. As long as price holds above the breakout level, bullish continuation toward 1.09450 is expected. Traders should monitor price action carefully and adjust their positions accordingly to maximize gains while managing risks.
Long
by GoldMasterTrades
EUR/GBP Chart Analysis – Inverse Head & Shoulders Bullish SetupThis EUR/GBP 1-hour chart showcases a classic Inverse Head & Shoulders (H&S) pattern, signaling a potential trend reversal from bearish to bullish. This pattern is considered one of the most reliable technical formations for spotting upcoming upward momentum, particularly after a prolonged downtrend. 🔎 Market Overview Currency Pair: EUR/GBP Timeframe: 1-Hour (H1) Current Price: 0.83720 Trend: Transitioning from a downtrend to a potential bullish breakout Key Pattern: Inverse Head & Shoulders Trading Bias: Bullish (Pending breakout confirmation) 📊 Chart Breakdown & Technical Analysis 1️⃣ Market Structure & Trend Analysis Before the formation of the Inverse Head & Shoulders, the market was in a strong downtrend, making lower highs and lower lows. However, buyers started stepping in near the 0.8350 level, preventing further decline. This rejection at key support has set the stage for a potential trend reversal. Left Shoulder: Price formed a minor low around 0.8370, followed by a small bounce. Head: Price made a deeper low around 0.8351, confirming strong support and buyer interest. Right Shoulder: Price attempted another dip but failed to break below the previous low, forming a higher low near 0.8370, signaling increasing bullish pressure. Neckline Resistance: 0.8385 - 0.8390 zone – a crucial level that price needs to break for confirmation of an uptrend. 2️⃣ Key Support & Resistance Levels Support Level: 0.83513 (Major demand zone) Resistance Levels: Neckline: 0.8385 - 0.8390 (Breakout confirmation zone) Major Resistance: 0.84308 (Target level) Curve Zone: A dynamic resistance trendline that has been containing price action. A breakout above this curve signals a potential shift in trend. 📈 Trading Strategy – Bullish Breakout Plan ✅ Entry Strategy: A long trade should be considered only after a confirmed breakout above the neckline (0.8385 - 0.8390). The confirmation comes when: A strong bullish candle closes above the neckline. Increased trading volume supports the breakout. A possible retest of the neckline as new support (0.8385) before continuation. 🎯 Target Price & Stop Loss: Take Profit (TP): 0.84308 (Projected move based on pattern size). Stop Loss (SL): Below 0.83513 (Right Shoulder low). Risk-to-Reward Ratio (RRR): 1:2 or higher, making this a high-probability trade setup. 🛑 Risk Management & Trade Confirmation: Volume Confirmation: A breakout should be accompanied by a volume spike, confirming strong buyer interest. Fakeout Warning: If price briefly breaks above the neckline but then falls back below, it could be a false breakout. In this case, waiting for a retest would be a safer approach. Trailing Stop: Once price moves toward 0.8410, a trailing stop can help secure profits in case of market reversals. 🧐 Summary – Key Takeaways ✅ Inverse Head & Shoulders Identified – A reliable bullish reversal pattern. ✅ Breakout Zone: 0.8385 - 0.8390 (Watch for confirmation). ✅ Target Price: 0.84308 (Potential profit zone). ✅ Stop Loss: Below 0.83513 (Protect against downside risk). ✅ Risk-to-Reward Ratio: Favorable (1:2 or better). ✅ Trading Plan: Buy above the neckline, aim for 0.8430, and manage risk properly. 📌 Final Thought: If the neckline is broken with strong momentum, expect a bullish move toward 0.8430+. However, traders should remain cautious of potential fakeouts and manage risk accordingly. 📢 Share your thoughts in the comments! Are you bullish on EUR/GBP? 🚀📊 #EURGBP #ForexTrading #TechnicalAnalysis #TradingSetup #InverseHeadAndShoulders
Long
by GoldMasterTrades
Bitcoin (BTCUSD) Falling Wedge Breakout – Bullish Setup! 📌 Overview of the Chart Setup This daily Bitcoin (BTC/USD) chart presents a technical breakout from a falling wedge pattern, a well-known bullish reversal signal. The price has been forming lower highs and lower lows over the past months, consolidating within a tightening structure. However, the current price action suggests an early breakout attempt, which could lead to significant upside movement in the coming weeks. Let’s break down the key levels, technical insights, and trading opportunities visible in this chart. 📉 Chart Pattern: Falling Wedge (Bullish Reversal) 🔹 What is a Falling Wedge? A falling wedge is a bullish continuation or reversal pattern characterized by converging downward-sloping trendlines. It typically signals a loss of bearish momentum, leading to a breakout to the upside. 🔹 Key Observations in the Chart The price has been moving inside the falling wedge structure, with clear lower highs and lower lows. The support level around $75,000-$80,000 has been repeatedly tested, forming a strong demand zone. A trendline breakout has occurred, suggesting that bulls are regaining control over the price action. Volume is expected to increase upon a confirmed breakout, reinforcing the bullish momentum. 📊 Important Technical Levels 1️⃣ Support & Resistance Zones 📌 Support Level: The $75,000-$80,000 zone has acted as a strong base, preventing further downside. Buyers have stepped in multiple times here. 📌 Resistance Level: The $95,000-$100,000 range represents a historical resistance where price has struggled to break through. 2️⃣ Trendline Breakout The chart clearly shows a breakout above the falling wedge’s upper boundary, indicating a potential trend reversal from bearish to bullish. If this breakout holds, Bitcoin could see strong buying pressure pushing it toward its next major resistance level. 📈 Trading Strategy & Setup 🔹 Entry Confirmation To enter a long position, traders should wait for: ✅ A daily close above the wedge resistance (confirmed breakout). ✅ A successful retest of the breakout zone, which strengthens the bullish case. A breakout retest is ideal because it provides a lower-risk entry point, ensuring the breakout is legitimate rather than a false move. 🔹 Target Price Projection Using the height of the falling wedge as a projection, the potential price target is set at $118,000. This level aligns with a 35%+ upside from the breakout zone. Bitcoin must clear the $95,000-$100,000 resistance before reaching the final target. 🔹 Stop Loss Placement A stop loss is positioned at $59,896, slightly below the previous major support zone. This ensures that if the breakout fails, losses are minimized while still allowing price fluctuations within expected volatility. 🔹 Risk-to-Reward Ratio Entry around breakout level (~$87,000) Target: $118,000 (35% upside) Stop Loss: $59,896 (~30% downside) Risk-to-reward ratio: ~1:3, making this an attractive trade setup. 📢 Market Psychology & Sentiment Why This Pattern Matters? A falling wedge represents seller exhaustion. Over time, the bearish pressure weakens, leading to a bullish breakout. If Bitcoin can maintain this breakout, momentum traders and institutional investors may step in, accelerating the rally. Breaking above the resistance at $95K-$100K would confirm bullish dominance, potentially leading to new all-time highs. Potential Risks ❌ Fake Breakout: If Bitcoin fails to hold above the wedge resistance, we may see a pullback to support before another breakout attempt. ❌ Macro Factors: External factors like regulatory news, interest rate decisions, and market-wide sentiment could impact price action. ❌ Bitcoin Dominance: If altcoins start rallying, some capital may rotate out of Bitcoin, slowing the upside move. 🚀 Final Thoughts: A High-Probability Bullish Setup ✅ The falling wedge breakout suggests a strong bullish shift, with a 35%+ potential upside. ✅ A confirmed breakout above $95K-$100K will act as a final confirmation before the next leg up. ✅ Risk is managed with a stop loss at $59,896, ensuring downside protection. 🔹 Best trading approach? Wait for confirmation, manage risk, and let the trend develop. Would you like additional insights on entry techniques, volume confirmation, or potential invalidation points? 😊
BITSTAMP:BTCUSDLong
by GoldMasterTrades
JPY/USD – Bullish Breakout After Falling Wedge!Let's take a deep dive into the JPY/USD price action and technical setup on the daily chart. The market has presented us with a falling wedge breakout, a strong bullish reversal signal. This pattern indicates a potential shift from the previous downtrend into an uptrend. 1️⃣ Falling Wedge Pattern – Bullish Reversal Signal The falling wedge is a classic bullish reversal pattern. It forms when price action makes lower highs and lower lows within two converging trendlines. The key characteristic of this pattern is the decreasing selling pressure, leading to a breakout to the upside. We observed a clear breakout from the wedge, indicating bullish momentum. Buyers have stepped in strongly, pushing prices above the resistance zone. This signals a potential trend reversal from bearish to bullish. 2️⃣ Breakout Confirmation & Key Levels Once the price broke above the wedge, it faced a crucial resistance zone (marked in blue on the chart). After breaking this level, it has now turned into support—a strong technical confirmation. Resistance Turned Support: The previous resistance is now acting as support, giving further confidence in the bullish move. Retest Expected: After breakouts, the price often comes back to retest support before continuing higher. If it holds, it’s a good entry opportunity. 3️⃣ Entry, Stop Loss & Take Profit Targets Based on the technical setup, here’s how we can approach this trade: 🔹 Entry: Ideal entry is around the current support zone after a successful retest. 🔹 Stop Loss: Placed below the support level at 0.006574 to minimize risk. 🔹 Take Profit (TP): The target price is set at 0.007126, aligning with the previous swing high. 4️⃣ Trade Outlook & Expected Movement If the price holds above support, we expect a bullish continuation towards the target. A minor pullback is possible before the next move higher. If the price breaks below the support zone, it may invalidate the bullish setup. 📌 Final Thoughts This setup is a high-probability bullish trade, backed by the falling wedge breakout and retest of a key level. However, always manage risk properly and wait for confirmation before entering the trade. What do you think? Do you see further upside, or is this a false breakout? Drop your thoughts below! 👇 #JPYUSD #ForexTrading #TechnicalAnalysis #TradingView #BullishBreakout #ChartPatterns
Long
by GoldMasterTrades
#ZECUSDT #1D (Binance Futures) Descending channel breakoutZcash broke-out printing a morning star, looks good for recovery towards 100EMA resistance. ⚡️⚡️ #ZEC/USDT ⚡️⚡️ Exchanges: Binance Futures Signal Type: Regular (Long) Leverage: Isolated (2.0X) Amount: 5.9% Current Price: 36.12 Entry Zone: 36.05 - 33.55 Take-Profit Targets: 1) 41.83 1) 47.12 1) 52.42 Stop Targets: 1) 28.92 Published By: @Zblaba SEED_DONKEYDAN_MARKET_CAP:ZEC BINANCE:ZECUSDT.P #1D #Zcash #Privacy z.cash Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0 Expected Profit= +40.4% | +70.8% | +101.3% Possible Loss= -33.8% Estimated Gaintime= 1-2 months
Long
by TradingOn
2
ENA Breaks Downtrend – Is a Rally Incoming?$ENA/USDT 12H chart shows a breakout above the resistance trendline and the 50 EMA, indicating a potential trend reversal. However, the price is currently facing resistance near the previous support-turned-resistance zone. A retest of the trendline breakout is possible before further upside. If the price holds above the trendline and reclaims support, it could confirm a bullish continuation. However, failure to hold may result in a fakeout and further downside. DYOR, NFA
Long
by unichartz
1
PEPE/USD Bullish Breakout: Demand Zone Holds, Reversal in Sight?PEPE/USD has been gaining attention as it trades near a critical juncture. With the daily demand zone holding strong and signs of a downside channel reversal, the pair could be on the brink of a bullish breakout. In this analysis, we’ll break down the technical indicators and patterns that suggest PEPE/USD might be ready to reverse its downtrend. Daily Demand Zone Holding Firm One of the most significant factors supporting a potential bullish move is the respected daily demand zone. This area has provided strong support, acting as a floor for buyers to step in. A failure to break below this zone increases the probability of an upward momentum shift. Key Support Levels: Highlight exact price levels in the demand zone. Volume Analysis: Look for increased buying volume around these levels, which could signal accumulation by bullish traders. What to Watch For Before Confirmation While the technical signs are promising, traders should remain cautious. Key events to watch include: Breakout Above Resistance: Identify the breakout level for confirmation Retest of the Channel Top: Look for a retest and bounce as confirmation of strength. Market Sentiment and Volume: Monitor trading volume and broader market sentiment. Conclusion: A Bullish Opportunity? The combination of a respected daily demand zone and a downside channel reversal pattern makes PEPE/USD a pair to watch. A confirmed breakout could set the stage for a bullish run, providing traders with an exciting opportunity. As always, use risk management and stay updated with the latest price action.
Long
by theunscriptedacademy
TOSHI/USD Bearish Phase is Over! Is a Bullish Breakout Coming?After a prolonged bearish correction, TOSHI/USD is flashing signals of a potential breakout. If you're still stuck in a bearish mindset, you might be missing the next big move! 🔥 Key Bullish Signals: ✅ Higher Lows Forming – Buyers stepping in at stronger levels. ✅ Volume Surge 💡 Trading Idea: 🎯 Long Entry: Look for confirmation above with strong volume. 📢 Final Takeaway: If TOSHI/USD holds key support and breaks resistance, we could see a strong rally. Stay alert and trade smart! 💬 What’s your outlook on TOSHI? Drop your thoughts below! 👇 #TOSHIUSD #CryptoTrading #BullishBreakout #TradingIdeas #TrendReversal #Altcoins #CryptoMarket
COINBASE:TOSHIUSDLong
by theunscriptedacademy
28
Gold’s Bullish Surge Eyeing the $2,700 Breakout! The chart displays a bullish recovery following a significant downtrend, transitioning into an uptrend within a defined ascending channel. A symmetrical triangle breakout during the bearish phase marked the beginning of this upward movement. Key support is identified around $2,600, while resistance levels are at $2,697, aligned with the 100% Fibonacci projection, and $2,728, which corresponds to the 138.2% Fibonacci extension and acts as a potential exhaustion point. The psychological level of $2,700 plays a critical role as a resistance zone. The price is currently near the upper boundary of the ascending channel, suggesting possible resistance and a chance for consolidation or retracement. If the price breaks above $2,700, it could target $2,728 or higher, while a rejection might lead to a pullback toward the midline or lower boundary of the channel. The bullish momentum remains intact, and traders could consider entering on a breakout above $2,700 or on a retracement near the channel’s lower boundary. Targets lie at $2,728 or higher, with stops placed below the last swing low or channel support. This chart signals a strong bullish trend with critical action expected around the $2,700 level.
OANDA:XAUUSD
by wolfchemist
1
EURJPY Potential Longs - Short & Long Term (Technical Analysis)Technical Outlook: Looking at previous price movement, we see it's been trending up since August 2024, with the last reaccumulation phase ending in early 2024. We recently saw a demand chain, but the last push couldn't quite hit new highs. Supply then took over, driving the price back down to a daily demand level. At this point, we've seen some strong bullish reactions on the lower timeframes, which is interesting and here's why - Potential Scenarios & Probabilities: Scenario 1 (High Probability) – Demand should regain control, leading to a bullish breakout. Scenario 2 (Medium Probability) - Price could range within the ascending channel for a while. Scenario 3 (Low Probability) – The bulls might disengage, resulting in a bearish break and continuation thereafter. Trading Considerations: Price is currently in a discounted zone within the ascending channel (158.000 – 168.000) . We can look for trading opportunities within this range, focusing on strong supply and demand areas, anticipating the eventual bullish breakout. A long position closer to the bottom of the range could turn into a swing trade. If you're trading inside the range on lower time frames, it's smart to keep an eye on volume, overbought/oversold levels, and relative currency strength. Final Notes: With the price moving sideways for a good six months, range trading is definitely a possibility. But the real goal is to catch that bullish breakout when it happens, and it looks like it's getting close. As always, manage your risk carefully, and don't hesitate to take the trade when the setup is right – assuming you've got a solid plan and a clear target in mind. OANDA:EURJPY
Long
by Apexfx_Alpha
BTC/USD Bullish Setup | Order Flow Breakout Targeting $118,000+📈 Bitcoin (BTC/USD) is showing strong bullish momentum after breaking key resistance levels. After a period of accumulation and sideways movement, BTC has shown clear signs of fresh buying pressure, supported by a clean Order Flow setup . We are targeting a move towards $118,000 as we see continuation in the current bullish trend. Key Levels: ATH Resistance at $109,350$ (All-Time High). Order Flow Confirmation near $105,000 - $106,000. Entry Zone: The green demand zones are marked as strong areas to enter long positions. Price Target: We are aiming for a continuation towards $118,000 , which aligns with both the market structure and order flow. 🔍 Analysis: Multiple Order Flow setups have formed around the $105,000-$106,000 region, confirming that buyers are in control. The price is breaking above key resistance zones, and the current consolidation suggests a strong potential for price continuation. Support Areas: The green zones on the chart represent potential areas where price could dip to before continuing upward. Entry Strategy: Look for price action confirmation in these demand zones, with a focus on bullish candlestick formations and strong volume. 💬 Drop your thoughts and analysis in the comments below! Let's discuss where Bitcoin is headed next! 🔔 Follow for more insights on Bitcoin & Altcoin setups."
CRYPTO:BTCUSDLong
by MasterTrendFx
4
Updated XRPUSD chart to more precisely show the breakout pointI decided to post an updated version of my current xrpusd daily chart to more accurately display the measured move line at the spot of the exact breakout so we can see it work its magnetism on price action and so far you can see here we had a perfect wick support bounce up from the dotted measured over line like clockwork. Let’s see if it climbs up the lne like it often does with other pattern breakouts. Target for this specific breakout is $4.86. II will post a link to the previous version of this chart below. I tired that one something along the lines of the 50ma is about to push price action out of the nest and force it to fly and as you can see that’s more or less exactly what it did. *not financial advice*
BITSTAMP:XRPUSD
by DrDovetail
LTC Breaking above tan invh&s neckline, right on goldencrossI have the weekly chart timeframe selected here simply because I needed to expand the timeframe on the chart to be able to fit both inverse head and shoulders patterns and their respective breakout targets in the frame. Wanted to put the timeframe on the daily chart so. Could show once again how these recent crypto pumps have all being launching on the exact day that the Daly golden cross occurs. I will post. Daily chart version of this as well that zooms in on the golden cross and subsequent priceaction and link it below. Anyways it looks like on this 2nd breach above the tan neckline that Litecoin is likely to finally trigger a breakout ths go around. If so the highest measured move target is in the $170s here, and reaching it will obviously also allow us to hit the white inverse head and shoulders breakout target too on the way there. In order to ensure that price acton doesn’t dip back below the tan neckline for a second time, it will need to flip the weekly 200ma(blue line) to solidified support once that happens I think it will definitely confirm the breakout at that point. Alt season has officially began! *not financial advice*
COINBASE:LTCUSD
by DrDovetail
2
XRP’s 1day 50ma about to push XRP price out of the nestWe can see the orange 1day 50ma has now rise up to the bullflag xrp has been consolidating in since its big pump and is ready to shove xrp’s priceaction u out of the nest so it can learn to fly to the next target. I’m gonna go out on a limb here(no pun intended) and make an educated guess that XRP will achieve a new all time high before February. That’s not financial advice obviously but that’s how confident I am in the current market conditions I’m seeing. Let’s see if my guesstimate comes true.
BITSTAMP:XRPUSDLong
by DrDovetail
6