Breakout or Rejection? What the Daily Opening Range Really TellsEvery single day, the market makes a choice:
Break out — or reject.
That’s why the opening range — defined by the high and low during the first part of the day — acts like a psychological boundary.
When price breaks out of that range, momentum often follows.
When it fails to break, we get fake moves, consolidations, and traps.
At CMA Technologies, our systems start by defining this key range.
Then, we wait. No prediction. Just price confirmation.
✅ True breakouts often initiate the largest directional moves.
❌ False ones usually fade back into noise.
We encourage every strategy builder to test one simple condition:
"What does the price do after crossing outside of its initial daily range?"
The results will surprise you — especially on high-volatility pairs.
📊 If you're curious, our “Daily Open Range Breakout Bot” is available on our profile now.
Gann
XAUUSD: Market Analysis and Strategy for May 19Gold technical analysis
Daily chart resistance 3284, support below 3167
Four-hour chart resistance 3284, support below 3192
One-hour chart resistance 3252, support below 3200
Gold news analysis: On Monday (May 19) in the Asian market, spot gold soared by more than $40, reaching a high of around 3250. Moody's suddenly removed the last AAA rating of the United States, Israel launched a large-scale ground war in Gaza, Russia-Ukraine negotiations broke down, Russia launched the largest air strike since 2022, Iran took a tough attitude towards negotiations, and the market's risk aversion was completely boiling. In addition, the risk of a global trade war has heated up again. This uncertainty will further weaken the credit of the US dollar, and gold will become the best alternative currency. There are fewer economic data this week, only a few important news data, and investors need to continue to pay attention to news related to the international trade situation and geopolitical situation.
Gold operation suggestions: From the current trend analysis, the support below focuses on the 3192 level support, the pressure above focuses on the one-hour level 3252 and the four-hour level 3284 level near the suppression, the short-term long and short strength watershed 3200 level, the overall support is to sell high and buy low in this range, and then follow the trend after the breakthrough.
BUY: 3200near SL: 3195
SELL: 3253near SL: 3158
SELL: 3284near SL: 3288
BTCUSDT - fractal from ATH I think this is a classic pattern now, and we are repeating the situation in the same price range that we had half a year ago when the ATX was forming. That is, we will not update the high or will do it a little bit, and after that we will go to the zone of 93 thousand plus minus and from there will be a significant reversal to 102 thousand, after that it is difficult to predict what will happen next. Either strongly down or strongly up, until then we can safely work on the fractal and after that I will give an update of the idea.
#BTC/USDT#BTC
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.
We are experiencing a rebound from the lower boundary of the descending channel, which is support at 103200.
We are experiencing a downtrend on the RSI indicator, which is about to break and retest, supporting the upward trend.
We are looking for stability above the 100 moving average.
Entry price: 103708
First target: 104152
Second target: 104900
Third target: 105900
#MYRIA/USDT#MYRIA
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.
We are seeing a bounce from the lower boundary of the descending channel, which is support at 0.0007800.
We have a downtrend on the RSI indicator that is about to be broken and retested, supporting the upward trend.
We are looking for stability above the 100 moving average.
Entry price: 0.0008195
First target: 0.0008228
Second target: 0.0009380
Third target: 0.0010148
#MYRIA/USDT#MYRIA
The price is moving within a descending channel on the 1-hour frame and is expected to break and continue upward.
We have a trend to stabilize above the 100 moving average once again.
We have a downtrend on the RSI indicator, which supports the upward move by breaking it upward.
We have a support area at the lower limit of the channel at 0.0007920, acting as strong support from which the price can rebound.
Entry price: 0.0008467
First target: 0.0009080
Second target: 0.0009642
Third target: 0.0010252
May 16 Bitcoin Bybit chart analysisHello
It's a Bitcoinguide.
If you have a "follower"
You can receive comment notifications on real-time travel routes and major sections.
If my analysis is helpful,
Please would like one booster button at the bottom.
This is the Nasdaq 30-minute chart.
There is no separate indicator announcement.
We proceeded with trend following.
After entering the 1st long position at the top,
If it does not break away from the purple support line, it goes up vertically.
*We proceeded along the red finger movement path in the next wave.
We expected the movement to be a strong rise.
From the bottom breakaway, it is open up to the 2nd section,
and we will omit the detailed explanation.
This is the Bitcoin 30-minute chart.
At the bottom left, with a purple finger,
I connected the long position entry section of 101,785.1 dollars that I had on the 15th.
The current position is the 30 + 1 section,
but since the 4 and 6-hour central lines were also touched at the same time,
the mid-term pattern is broken,
and the daily chart MACD dead cross is in progress.
The strategy is one-way, one-way,
I am explaining it only on one page of the 30-minute chart,
so it is limited, but I organized it as simply as possible.
*When the blue finger moves
Two-way neutral
Short->Long or long waiting strategy
1. 104,791.3 dollars short position entry section / stop loss price when orange resistance line is broken
2. 103,241.8 dollars long position switching / stop loss price when green support line is broken
After that, long position target price in the order of Good -> Great
-> Refer to pink finger simulation.
If it touches the top once or comes down right away from the current position,
it is the final long waiting strategy at the bottom section 2.
From the bottom section breakout,
it is open from 3 -> 99345.9 dollars.
Please use my analysis article so far only for reference and use
I hope you operate safely with principle trading and stop loss price.
Thank you for your hard work this week.
USDJPY Trade Plan – May 19Price approaching key demand zone — 3 setups locked in: 👇
🟢 1st Buy Entry
📍 Entry: 144.099
🎯 TP: 144.507
🛑 SL: 143.978
📈 R:R ≈ 3.38
🔹 Quick scalp from zone top -Look for bullish 15M reaction
🟢 2nd Buy Entry
📍 Entry: 143.755
🎯 TP: 144.531
🛑 SL: 143.602
📈 R:R ≈ 5.05
🔹 Stronger level — better risk-reward for continuation bounce( this will be HIT or MISS/SL)
🔴 Breakout Sell Plan
📍 Entry: 143.669
🎯 TP: 142.844
🛑 SL: 143.871
📈 R:R ≈ 4.09
⚠️ Only valid if price breaks zone with full-bodied follow-through candle
⏱️ Let market come to you. This can happen in next 1-2 days or Tonight.
ETHUSD-SELL strategy 6 hourly chart We have had minor corrections, and like a bullet train moving beyond the previous highs.
Its very overbought on all time frames, and we apply wave analysis (estimated) we may understand that a correction is overdue as well. The A corrective wave may be somehwre 2,350 area. Overall I still see $ 2,100 zone to be reached over time.
Strategy SELL current $ 2,650 - 2,700 and take profit first near $ 2,375 area.
GBPNZD-SELL strategy 6 hourly chart Line Brk (2)The pair is locked within a triangle formation and below CLOUD resistance 2.2678 area. We have minor negative indicators, and not solid enough, but based on the resistance and trading below cloud resistance, it is likely a move lower for test 2.2300 area support in the near term.
Strategy SELL @ 2.2560-2.2600 and take profit at @ 2.2307. On break below 2.2300 we will see 2.1950 tested, is my viewpoint.
BTCUSD Market Analysis & Trade Outlook (May 9th 2025) 📊 BTCUSD Market Analysis & Trade Outlook (Post $103,500 Target)
Instrument: BTCUSD
Strategy Type: Probabilistic Breakout with Elliott & Gann Confluence
Current Price: $102,600
Trade Horizon: 2–5 Days
Timeframes Observed: 4H / Daily
🔍 Market Overview
BTCUSD has successfully completed the prior trend continuation target of $103,500, respecting the bullish structure on 4H and Daily timeframes.
As of now, price is consolidating just below key resistance, printing a high of $103,800 and retracing slightly to $102,600. This signals a potential decision zone where BTC may either continue its advance or initiate a deeper pullback.
I define short-term key boundaries between:
Upside: $106,200 – $108,400
Downside: $96,850 – $95,700
📐 Technical Structure & Key Zones
Support Zone: $ 97870 , $96,850–$95,700 (Previous consolidation + high volume node)
Resistance Zone: $106,200–$108,400 (Measured move & fib cluster area)
Structure Bias: Bullish above $99,000; bearish pressure increases below $96,850
🔄 Elliott Wave Count (Short-Term, 4H)
BTC appears to be in a Wave (3) of a higher-degree Wave 3, following a Wave (2) retracement toward $94,500.
Current price movement is within a sub-wave 3 of (3), with the recent high at $103,800 potentially marking a sub-wave 3 top.
A brief corrective Wave 4 could develop toward $100,500–$99,000, before a final Wave 5 drives price into the $106,200–$108,400 zone.
If price fails to hold above $96,850, the structure may morph into a larger corrective Wave (4), targeting the lower boundary.
📊 Gann Analysis
The Gann 1/1 angle from the March swing low is currently intersecting near $102,500–$103,000, offering resistance.
Next key Gann levels:
Above: $106,200 (120°) and $108,400 (135°) resistance arcs
Below: $96,850 and $95,700 align with 45° and 60° support angles
Timewise, entering a minor Gann cycle window on May 10–11, often associated with inflection points. Watch for breakout or reversal signals near this period.
🎯 Trade Scenario Outlook
🟢 Bullish Scenario (Breakout)
Trigger: 4H close above $104,000
Target Zones:
TP1: $106,200
TP2: $108,400
Invalidation: 4H close below $99,000 (consider tightening SL)
🔴 Bearish Scenario (Pullback)
Trigger: Break below $99,000, especially on strong volume
Target Zones:
TP1: $97870 or $96,850
TP2: $95,700
Invalidation: Close above $104,000 invalidates pullback thesis
⚙️ Strategic Trade Notes
Scalping & Swinging Options:
Consider range scalps within $102,000–$99,000, but prepare for trend breakout.
Swing traders may build positions on retracement (Wave 4) with invalidation below $97870, $96,850.
Risk Management:
Use volatility-adjusted stop losses under key Gann levels or 50EMA on 4H.
Consider tightening stops or taking partials near $106,200 to protect gains if price extends.
📌 Conclusion
BTCUSD remains in a bullish macro structure but approaches a key inflection zone. A break and hold above $104,000 could launch the next impulsive leg toward $108,400. Conversely, failure to hold above $99,000 opens the door for a deeper retracement to $ 97870, $96,850–$95,700. Traders should remain flexible, aligning with the prevailing momentum while respecting structural boundaries.
The chart for FIL/USDT on the 4-day timeframe shows a promising
📊 Technical Analysis Summary – FIL/USDT
🔸 Pattern Observed:
Double Accumulation Range: Two clear consolidation phases are boxed out in the chart, showing accumulation at relatively equal support zones.
Descending Support Line: The lower black trendline connects the major lows, creating a descending support structure, indicating compression and possible breakout setup.
🔸 Price Action:
Current Price: $2.787
Pullback Expected: A minor dip within the current range is possible before a breakout.
Projected Move: If this consolidation resolves bullishly, the projected target appears to be in the $8–$9 range, aligning with the black arrow on the chart.
📈 Bullish Scenario (Likely Path)
Retest support near $2.5–$2.6
Breakout trigger on move above ~$3.2–$3.4
Target zone = $8–$9 (from measured move potential)
⚠️ Key Levels to Watch
Support: $2.50 (critical zone for accumulation)
Resistance to break: ~$3.30–$3.50
Macro Target: $8.50+
✅ Conclusion:
This chart shows a potential reversal from a prolonged downtrend, where the price is forming a classic reversal structure. Patience is key—a breakout above $3.5 would confirm the bullish move.
DOGE/USDT Technical Analysis – Weekly Chart
🔄 Falling Wedge Breakout + Rounded Bottom
The chart shows a confirmed breakout from a classic falling wedge pattern, combined with a rounded bottom formation, signaling a strong potential for trend reversal to the upside in the mid-to-long term.
📍 The circled zone highlights the breakout point where bullish momentum accelerated.
🧠 Key Technical Points:
Previous buy zone: Around $0.17–$0.20
Current price: ~$0.225
Trend outlook: Bullish (after breakout confirmation)
Pattern: Falling Wedge + Rounded Bottom – both bullish indicators
🎯 Potential Price Targets:
Target 1: $0.3757 – Initial resistance and likely short-term target
Target 2: $0.4884 – Previous high and probable profit-taking level
Target 3: $0.6160 – Full measured move from wedge breakout
⚠️ Risk Zone / Invalidations:
A strong drop back below $0.20 could invalidate the breakout.
Re-tests of support before continuation are possible.
✅ Summary:
Dogecoin (DOGE) has broken out of a falling wedge with a clear rounded bottom, indicating bullish strength. Holding above $0.22 could lead to a rally toward $0.37, $0.48, and possibly $0.61 in the coming weeks.
ENA/USDT – Weekly Chart Analysis
✅ Rounded Bottom Pattern Formation
ENA appears to be forming a rounded bottom, a classic accumulation and reversal pattern. Price has bounced from a strong demand zone near $0.25, where historically bulls have shown aggressive entry.
🔍 Technical Breakdown:
Accumulation Zone (Support): $0.2515 – acting as the long-term base.
Current Price: ~$0.3788
Pattern Type: Rounded Bottom with higher low structure.
Bias: Bullish continuation if weekly candle closes above current consolidation.
🎯 Target Projections:
Target 1: $0.8050 – Psychological & technical resistance
Target 2: $1.0849 – Mid-range supply
Target 3: $1.3595 – Measured move completion of the pattern
📈 Bullish Confirmation:
Breakout from the right shoulder above $0.40–$0.45 zone would confirm upward momentum.
Watch for volume confirmation and strong closes above weekly highs.
⚠️ Invalidation Level:
Drop below $0.2515 would invalidate the pattern and signal continuation of the downtrend.
📝 Summary:
ENA is showing a technically clean bottoming structure. If buyers step in with volume, the chart supports a potential +200% upside from current levels. Ideal zone for long positioning was highlighted at the base, with a healthy risk-to-reward structure.
NOT/USDT – Weekly Chart Analysis
✅ Bullish Falling Wedge Breakout
The chart shows a clean breakout from a falling wedge pattern, a bullish reversal structure. This marks the end of the long-term downtrend and potentially the start of a new uptrend.
🔍 Key Technical Insights:
Breakout Level: $0.0027–$0.0029 range
Support: $0.00166 (base of wedge & critical invalidation zone)
Pattern Type: Falling wedge with narrowing volatility and bullish breakout
🎯 Price Targets:
Target 1: $0.005699 (first major resistance zone)
Target 2: $0.009607 (measured move of the wedge and previous horizontal resistance)
📈 Technical Outlook:
Breakout is supported by higher lows post-pattern.
Weekly structure now shifts to bullish bias.
Pullbacks toward the breakout area may offer buying opportunities.
⚠️ Invalidation Level:
Drop below $0.00166 would invalidate the bullish setup and reintroduce downside risk.
🔎 Summary:
The setup suggests early-stage bullish momentum. If volume increases and market sentiment supports altcoins, NOT/USDT could aim for over +200% upside from current levels.
Bitcoin Might Fall Hard — But the Next Bull Run Will Be HistoricBitcoin Update: Potential Reversal Ahead
We believe Bitcoin is approaching a major resistance level around $106,000. This could lead to a reversal with Bitcoin potentially dropping to the following levels:
• $93,000
• $84,000
• $72,000
We see these levels as strong support areas and good buying opportunities. Our primary target is $72,000, but we’re also watching the higher levels for potential reversals.
We expect Bitcoin to eventually reach new all-time highs between $130,000 and $150,000 by July-August 2025.