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
Consolidation-breakout
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.
SGMS - breakoutWatching SGMS (gambling industry). It looks very good both on daily and weekly charts.
Consolidation since october at 35-40 range
Higher lows, testing 40. Good volume
I'd look for a breakout over 40 with 60 target.
Break at GBPUSD (TP - 100p)In the last 2 weeks GBPUSD has been moving in the range of 100 pips - from 1.3290 to 1.3390. Yesterday we saw a break in the upper limit. This means that at the moment the buyers have beaten the sellers and they will determine the direction.
The next resistance levels are 1.3465 and 1.3515.
A test of the zone is possible, but going back into it and falling below the previous bottom will spoil this scenario.
If you have questions about how to trade this or another situation, contact us!
To support us, like and comment!
BTC UPDATE : Back long unless $16,1 is brokenThis thing is holding up quite well.. As I mentioned yesterday, there was a bearish divergence forming and was expecting a drop. Both of my support zones showed good bounce, which is a good sign of continuation in the near future. I wouldn’t be surprised if we consolidated a bit before the next leg up over $20K (see chart). Good luck y’all!!!
We expect a break at AUDJPYFollowing the uptrend in November, AUDJPY entered the H1 range.
The break will allow you to enter a trade. The previous upward trend suggests that we are more likely to see a break in resistance, but pre-entries will be risky.
Wait for the price to close outside the range and then look for an entry in this trade!
Resistances:
77.35
77.52
77.86
Support
76.13
75.56
If you have questions about how to trade this or another situation, contact us!
To support us, like and comment!
Netflix looks great for long if it breaks over $495NASDAQ:NFLX
Reasons to buy:
1. Breakthrough moving average 50 exponential.
2. Breaking up of a descending local triangle.
3. Breakout from a 14-day trading consolidation.
4. The stock is near the up trend line.
5. A strong giant company that is 14% below its all-time high.
6. RSI14 around 50. Not in a state of overbought.
Good luck!
Tomorrow moment of truth for XRPSo tomorrow we will find out if XRP will consolidate before breaking 0.45. If it goes lower I expect seeing numbers like 0.3 or even lower in the next week. If it consolidates we can even expect 0.80 in the next week.
Good luck guys!
btc flip this diag R/S. a flight is ready to ATH.when everyoune is berish btc is a big puller. break this 1 hr consolidation with big V flip r/s then there is not many stops from ATH no majors. big drop from ATH imo was mainly due to okex withdrawal enabling after a long freeze. dont think other fuds had any impact. so btc has very little reasons not to resume climb. another possibility is a big bul trap. keep you eyes open and ride the trend up or down.
GBPJPY SHORTThe double top that I thought price was making has now been formed. Price has also closed below the lowest candle which can be classified as a breakout. I belive that price will continue down for around 75 pips. After price is halfway there, I will set the trade to BE , and close some profit but ultimately I belive that price will fall here.
