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Consolidation-breakout

ETC/USD breaking symmetrical triangle resistanceHello fellow traders, Context After being caught within a symmetrical triangle - visible on the 4H chart above - who's resistance has constrained ETC/USD's price action since ~May 30th, ETC appears to be primed for a breakout. Additionally, ETC is breaking out from a smaller time frame resistance label visible on 1H chart below (labeled STF resistance). Indicator Analysis The MACD on the 4H chart has been trending down ever since the start of the symmetrical triangle, and is forming a rounded bottom, now starting to trend up from below 0. The RSI appears to have bottomed out and recently broke above 50, on the verge of forming a higher high. Both these indicators signal room for growth. On the 1H chart, the MACD recently broke above 0 and is trending upwards after forming a lower low. The RSI has formed a higher high and a lower low, and is just above 60. Both these indicate room for growth as well. Why this projected rise height? This rise would match the height of the triangle, and would bring ETC/USD to a level where there likely exists horizontal resistance. This horizontal resistance would come from a previous support now likely to have turned resistance. Notice how this level acted as a pivot point prior to Black Thursday's crash in the chart below. ETC/BTC Action The ETC/BTC pair also appears to be breaking out of a triangle structure visible on the 4H chart below. The RSI here is clearly breakout of a descending wedge structure, strengthening the bullish case. The MACD also is beginning to trend upwards with room for growth. This pair's price action supports the bullish factors found on the ETC/USD pair. Let me know what you guys think; I'd love to hear your ideas! If you enjoyed my analysis, please follow me and drop a like; I'm trying to give as many insights as possible nowadays and would like to build a follower base to share and discuss my ideas with :)
COINBASE:ETCUSDLong
by usubzero
GBPUSD possible Bear Trap 🐻🚫As price has finally breaks down Support&Resistance stated on chart above, I'm watching if this idea will be valid or not for this week. Trading traps might be one of dangerous action to execute, as if its fail to be a bear trap, price might just go down as well and worst case scenario, price breaks lower to 1.14772. If bear traps was a success, we might see price breaks through resistance. So long(buy) trade can be place. As safe trade, better to trade with it's trend. have a safe trade. glhf!
by WinLoseTrade
S&P 500 is in an EXTREMELY CRITICAL STAGE!SPX has been consolidating between the 61.8% resistance level and the 50% support level. Many orders concentrate on these key Fibonacci Retracement levels pushing the price in the desired direction. In consequence, the price has been consolidating between the levels and the next breakout could be huge, determining the next direction of the overall trend. As I have stated in my two previous posts, I have a strong belief that the downward trend will continue after this consolidation and that we could see new bottoms soon. If you want to know why I believe so, take a look at my previous posts. In case you are interested in shorting the SPX, I have drawn a relatively safe entry point (1) to the graph. In case you short, I see it suitable to apply a stop-loss level (2), in case the upwards consolidation would still continue.
SP:SPXShort
by krisu619
3
EN is going to Infinity and BeyondEN has been in a consolidation box since 2011, (when i started high school) it broke out of that box at the beginning of March and is currently retesting it, we have seen a failed attempt to re-enter the box(4/28 17:00- 4/30 13:00 UTC -4) which acts as a spring based off our wycoff principles. The aforementioned fakeout to the downside acts as the beginning of a potential bullish channel. The fib is currently rejecting the 61.8% zone off of the last bullish impulse. At the very least I would expect in to retest the top of our H4 consolidation. SL may be a little tight and I won't be trading with one.
Long
by nietzschedarko
INTC, bullish and bearish scenario INTC is currently consolidating and is trading in a range on bigger time frames. We do not have clear direction of the trend, and i would not advise to take a trade until we cross the significant level. LONG : i would enter long at 62 level with 1/3 of my position, because we have to be prepared of a fake breakout. ( 80% of all breakouts fail, they usually retest and move higher later). I would wait to retest and bounce back. I would than add at 63, 2/3 and wait what will happen at 64, because there could be a resistance. If we successfuly break it i would add 3/3 of my position and ride it to the upside until i see CLEAR reversal. SHORT : i would short at 56. Volume does not to be big, because on the downside we do not necessarily need it big. i would enter with 1/3 of my position - same reason : fake breakouts. And i would add at every whole number and look closely what will happen at half dollars ( at half dollars we usually create psychological support and resistance levels too ). At 54 we could create strong support level. Watch closely for reversals ( candlesticks, volume ) If we cross it i would add to my position and ride it till i see a clear reversal signal. Stop loss should be always 50 cents if you are risk tolerant, if not you can have a 20 cent stop loss. INTC has a great fundamentals, wall street rates it as a very good tehnical and fundamental company and has a lot of potential in the future. So it is good for investment too. I DO NOT recommend taking any of my trades because of the risk. I AM NOT a financial advisor and i AM NOT a institutional trader. This analysis is purely for entertainment only and it represents an idea what could happen with the stocks future. If you like idea please like and follow. Any kind of support is appreciated.
NASDAQ:INTCLong
by UnknownUnicorn7025460
Trader/Investors must understand this process.......!Kindly comment with " Yes " for agree and "No" for disagree with this post: Before the break-out, I've informed that " Breakout will give truck of Money. ..!". Exactly, we seen this statement was TRUE, didn't it? (End of idea link is added about this idea) Let's talk step by step was happened here. The Width of congestion area was equal to height of the price surged. From my personal experience and the survey/observation I'm talking about this is almost the same area as price congestion in size of width and height after the price break. Let's try to explain in another words: Horizontal width of congestion size = Vertical price move after break-out. (Generally, i noted that price moved away so far after breakout whenever congestion area is much longer.) --> Let's talk little more deeper about CONGESTION area: In the congestion area, accumulation or distribution process process. We will talk about accumulation only because, this was happened here. Accumulation : smart money, money makers, huge fund-management, landlord of global investors whatever you called them they grab/connecting instrument(stocks, currency,etc) from retail investors in very slow motion because, they can smell insider upcoming news. After the completing this accumulation, news clear and price start to go away from the breakout area. later i will try to explain you more deeper about it practically. Yes, obviously we can smell the process accumulation/distribution.
BITSTAMP:BTCUSDEducation
by Jay_shree
159