GBPUSD GU is moving sideways, so I'm waiting for a break either to the upside or down. Overall trend is bullish.
Consolidation-breakout
Bitcoin correction OVER? 35k important!Hey there,
Thank you for supporting this post with your likes and follow me aswell!
Bitcoin current resistance at 33500!
Think nothing to big coming anymore.
If Bitcoin decides to drop, unlikely below support of 29-27k.
Think Bitcoin has a good chance of consolidating current gains and
breaking resistance or touching it around 35k.
Once 35k is cleared, Bitcoin will go up and we probably won't see Bitcoin
below 29k again.
Cheers,
Konrad
$RKT - May go long here...$RKT consolidating and sitting on volume shelf in both W and D timeframes.
Gold needs to break the channel Gold has been in a multi month consolidation pattern price is currently testing the upper resistance level and a successful break and hold could see the continuation of the long term bullish uptrend
BTC shortLet's see if we get a break of this triangle to the downside to around the 30,000 mark and possibly even breaking it, getting a bit more of a healthy reset on the weekly, maybe even dipping back down to test the 21ema
CHF/JPY - Ranging Price Awaiting Bearish BreakHere we can see price is trading in a flat channel highlighted with the black horizontal lines and our green highlighted rectangle. Price is contained in this area. We are waiting for price to breakout to the downside on this pair.
Please drop me a message. I'll be happy to help with any forex related queries!
FTI consolidation break-out!NYSE:FTI
- FTI has been trading sideways for months
- The stock is now approaching the upper end
- MACD sloping up
- RSI still room to go - not overbought
- Golden cross took place
GBPCAD - Range Stop and DieThis range has buy & sell side liquidity that needs to be tackled. Ideally, I want to see a strong push above the consolidation into the order block marked before a reversal to the downside, as illustrated.
DOT target 20.70$Always waiting first for a breakout of the yellow zone, than a RETEST.
Only then I may take position.
Happy Trading! XD
Long LINK/USD to $30 then $40LINK has just completed a clean breakout and close above ATH resistance on strong volume after a beautiful multi-month consolidation. This consolidation base appears in the context of a strong, multi-year uptrend and should provide LINK legs for a trending move to the 1st fib target at $30 and ultimately the 2.618 around $40. A little late to the update on this one, I'm in on a position trade from $15 but looking for at minimum a double and likely a triple over the next several weeks/months. May take some time to consolidate and fake-out above/below the breakout area, but once it gets moving above $20, LINK is headed much higher during this bull run.
Long BTC, Long ETH and Long DeFi is the motto for 2021. Happy trading!
PLTR Moonshot - DAILY CHARTSee related ideas 👀🚀🚀🚀
I’m only posting this so you can see my trend lines and analysis on the daily chart which makes the intraday trading within the pennant more clear 🚀
🚀P🚀L🚀T🚀R🚀 - Mission Still a Go 🌝I did not expect the red day on Friday. But my theory stands. I’m even more confident about this move. There was a gap up due to hype from Cathie Wood buying, but the bears in the pennant pushed it back. PLTR is still consolidating and building pressure within the pennant and I expect a breakout to the upside next week.
Side note: there is LOTS of open interest and volume in deep OTM calls for the end of January 👀
WSB note: The short squeeze is happening next week on GME. Margin calls on the shorts are coming in hot, and brokers are struggling left and right and some have even BLOCKED SHORTING on GME, while the SEC has implemented the Up-Tick rule.
Where do you think they are taking their profits to?
🚀🚀🚀🚀🚀🚀🚀PLTR🚀🚀🚀🚀🚀🚀🚀
ETH - 4H Wedge WatchWe recently saw ETH create a lower high coming off the peak of its recent move up. Seems to be consolidating with lower avg volume. Maybe sometime tonight/tomorrow this will either breakout to create a new high or drop to a recent support level, although I’m leaning on the bullish side as we all know what can happen to crypto on weekends!
BTC: Possible breakout to 37 500$Both -618 fib and uptrend length lead to 37 500$.
I will wait for a brakout then a retest of the zone before taking position.
Happy trading and all the best for this year!
Cheers! XD
GBPAUD Could Drop to 1.75000Price was consolidating in the purple structure above and price broke structure i'm waiting fr price to close under the 200 ema and also under the 50% on the Fibonacci retracement. Also price just closed and created a 3 pin formation on the 1hr timeframe. Price could retrace back to the box structure above before falling more but we will see!
Gold been settling in, consolidation to breakout Have a look at this , Gold has been consolidating and been cooling off the over bought pressure.
Its well cooled off now, have a look at that Weekly 50 on the RSI ( has bounced back and been basis for
bull support over the last few bounces off trendline)
1775 level key level for a strong bounce
I had been waiting for this to drop, but this is too strong ... We should be smashing 2000 soon and beyond !!
CURRENCYCOM:GOLD
LONGConsolidation breakout, next wave up. First target around 19-20 but looking for a further breakout from there ideally.
EURJPY LongYou can see that EURJPY has been in a state of Consolidation for two weeks now, the base currency EUR is very strong and the JPY and other real pairs are pulling down but the EURJPY is swinging steadily and the bear pressure has been suppressed by the bull! Now the consolidation limit is broken and you can definitely get a target profit of 85 pip with a very good long order
EURJPY shortThe EURJPY has been oscillating in a consolidation area for the past two weeks, and considering the cash flow index there is a sharp decrease in volume and on the other hand the pattern is below 200 ma and 50 MA, if the consolidation zone breaks down to 75 pip in a short oder. An easy profit can be made
You know the deal Consolidation is looking like it's over. Grab your boards and get ready to catch the next wave boyz.
