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Pricebreakout

Bitcoin’s Critical Retest: Poised for a Major Breakout:Do you remember this trading setup? Bitcoin has bounced off a very strong resistance level for the fifth time and is now retesting it. This pattern, marked by the points labeled 1, 2, 3, and 4, shows Bitcoin's repeated attempts to break through, each time facing rejection but setting higher lows. Currently, Bitcoin is consolidating just below the resistance, suggesting weakening selling pressure. Key Insights: Technical Indicators: RSI is approaching overbought territory, and Bitcoin is trading above key moving averages, indicating bullish momentum. Volume Analysis: Watch for a surge in trading volume during the retest phase to confirm strong buying interest and a potential breakout. Fundamental Factors: Growing institutional adoption and macroeconomic factors like inflation concerns are driving more investors towards Bitcoin. Strategy: Prepare for a potential breakout by setting prudent position sizes, defining stop-loss and take-profit levels, and looking for confirmation of the breakout with strong volume. Stay informed and adjust your strategy as needed. Bitcoin is poised to potentially break its first major record on the way to $100,000.
Long
by JoeSignals
Technical Analysis Reveals Explosive Gain PotentialWatch out, crypto-enthusiasts! Our latest technical analysis reveals that KAVA could be on the verge of a meteoric rise. The study of the graph demonstrates a remarkable compression zone, often precursor to increased volatility and imminent directional movement. The recent consolidation in the support area, combined with a decline in volumes, suggests a discreet accumulation by informed actors. Such a price squeeze is a classic prelude to a powerful boost. The key indicator here is the underlying resistance. A breakthrough beyond this border could catalyze an impressive rally, with a target projection indicating a potential increase of 145.74%, as denoted by the sky blue rectangle. This setup is not only a signal for traders, but a call to anyone looking to capitalize on the dynamic opportunities offered by cryptos like KAVA. For sophisticated technical analysis, insightful forecasts and real-time trading advice, be sure to follow me. Together, let’s discover the gems of the crypto market
Long
by ATheDay
Double Your Winnings: Capture the Perfect Bounce with the DoubleA technical approach that could change your trading game. The Double Bottom, a classic chart pattern, comes in the form of a "W" and signals a potential uptrend after a period of decline. This configuration is characterized by two hollows formed at the same level, indicating a solid support. A high accompanying volume validates the signal and often triggers a significant price rise. Savvy traders measure the amplitude of the "W" to predict the potential upward trajectory. Understanding and acting on the basis of the Double Bottom can open the doors to calculated trading opportunities. It is the integration of technical analysis and risk management that will make you a savvy crypto trader, capable of capturing the wave before it takes off. Ready to turn analysis into action?
QLong
by ATheDay
AUD/USD Inverted and Ascending ScallopsIn the chart above AUD/USD has formed two Inverted and Ascending Scallops. These chart patterns look like the right side of an umbrella. The price quickly rises, before levelling off near the top in an inverted cup formation. The beauty of these patterns is they perform very well in both bull and bear markets. Breakeven Failure rate: 9% Average Rise: 45% Throwback Rate: 66% Percentage Meeting Price: 64% Usually, we would be looking for an upward trend leading to the pattern or at least a bullish turning point of a downward trend. In this case, the 8 days before the formation were downward. But since the end of February 2022, the price trend has been upward. So this may not be exactly ideal. The currency pair is AUD (Australian Dollar) / USD (US Dollar). This represents how many US Dollars one Australian Dollar will buy. So, for example, the GBP/USD is the British pound to the US Dollar. Currently, it's at 1.32. So if you got one British pound and converted it to US Dollars, you would get 1.32 in return. The main thing to understand here is, the currency pair will be affected by both Australian and US politics. So, even though this trade is on the one hour chart, you will have to watch out for any news coming out of the US and Australia. In my estimate, it may be at least one month before you see any good returns - that is if the pattern breaks out upwards. One month in the currency trading world is a long time. So if you are making this trade, watch out for any news and make sure you have a well-timed stop loss. Using the Measure rule, we can form an estimate of where the price will go. In this estimate, I will separate both scallops and then combine them to get three estimates. Scallop One (The largest and first one on the chart): From the lowest Valley in the scallop to the highest peak in the pattern, the difference is 0.02404. The percentage meeting price (64%) X 0.02404 is 0.0153856. 0.0153856 + the price of the highest peak in the pattern is 0.7576156. This represents a 2.07% rise. Scallop Two: From the lowest Valley in the scallop to the highest peak in the pattern, the difference is 0.01589. The percentage meeting price (64%) X 0.01589 is 0.0101696. 0.0101696 + the price of the highest peak in the pattern is 0.7640196. This represents a 1.35% rise. Combining both Scallops: From the lowest Valley in the scallops to the highest peak in the patterns, the difference is 0.03574. The percentage meeting price (64%) X 0.03574 is 0.0228736. 0.0228736 + the price of the highest peak in the patterns is 0.7768036. This represents a 3.03% rise. To conclude, above are the three price targets you can use for an estimate. The breakout is when the price closes above the highest peak in the pattern. In this case, the first scallop has already broken out upwards successfully. So we will look at the second scallop for a breakout. Also, as the first scallop has broken out already, I would personally only use the second scallop estimate for a price target. Another thing to look out for is heavy breakout volume - as this suggests better performance. For the first scallop, there wasn't heavy breakout volume during the breakout. But, the pattern still performed well. So the heavy breakout volume isn't that important.
Long
by BlackbearTrader
3/5 Looking for Strong Possible SellSeveral confirmations pointing in that direction But there ultimately waiting on price action whether it happens on the support or ceiling. Marked as a neutral signal due to confirmations in both directions. Honestly, Id rather reacts to the market than to try to predict it. I have directions for you for either way the market goes. Waiting for the break of support or Resistance on 1 hr The retest of Support/Resistance on the 1-hour candle or Higher Time frame 2 consecutive 15 min candles in initial breaks direction 2/5 Projected Entry for Buy EP 1.88798 SL 1.88298 TP1 1.89453 TP2 1.90070 TP3 1.92625 TP4 1.95088 3/5 Projected Entry for Sell EP 1.87582 SL 1.88083 TP1 1.87102 TP2 1.86625 TP3 1.86089 TP4 1.85523 TP5 1.81553 (woahhhhh) I have confirmations for both directions. So this is a Neutral call I will be moving in either direction after price action. Also to add... it's not uncommon to hit TP1 in one direction and TP4 in another. This is not an either or signal. I will take priceaction in either direction. How to read my chart TP's are marked in Green The zone is marked Orange hover over note pins for price action Entries
by Current32sa
Coinbase + FOMO = Continuing UpwardPRACTICE TA - NOT Financial Advice Established Trend Line Support @ 1200 sats Correction of 50% Previous Run Alt Coins Gaining Traction With the recent Alt Coin runs, I'm expecting 0x to take advantage of being ONE of two coins listed on Coinbase under $1 ! I may have fudged the TA to fit my theory, but I believe that between the gradual (consistently increasing) volume spikes, the support found at 1/2 the previous ZRX run (thanks to coinbase listing), and the fact that it can be purchased directly with fiat.. I have decided that it would be a great time to load up on ZRX and did just that.
Long
by chris_haze
AUDUSD : Prepare for POSSIBLE SHORT-1500+ plus PIPS Movement lWe make analyse from Price Action / Price Pattern , S/R lines & Trend Lines EXPECTING a BIG PRICE Movement Down..IF analyse is on target !! >1. For AUDUSD approaching Trendline S/R formed since 2002 . Remember TRADING is never 100% accurate.. >2. With analytics , we however FAVOUR a Break downwards of 1500+ PIPS to the low of 2012 zone . ENTRY will be via H4 / H1 – viz Pull BAR OR PRICE ACTION Confirmation ( Bear BAR etc!) >3. OBSERVE PRICE ACTION !!. Do a Counter Trend IF Market shows otherwise !! A: SUMMARY – We will be preparing for a SHORT position ONCE PRICE breaks ZONE of 0.7160 to 0.70170. TARGET TP is a Possible 1500+ PIPS Move @ 0.5510 MONTHLY Chart : Down TREND / WEDGE . Price Heading towards 2002 S/R Line > See CHART : WEEKLY Chart : Price BREAKING Congestion that was in place for last 8 weeks. Now PRICE is also at/near Weekly S/R !! > See CHART : B: This Coming/Next WEEK Analysis: - GET ready, position for a SHORT whenPRICE breaks ZONE of 0.7160 to 0.70170. RIDE the SHORT Position for a BIG GAIN approx. 1,500+ POSSIBLE PIPS PRICE ACTION to TP target can take 4-7 months. SO RIDE OUT !! 1- ENTRY via PRICE ACTION watch. Viz H4 entry pull back to Support/TREND line. 2- OR Strong Price ACTION Signal , Big Bear Candle etc.. BE Nimble, as it might not reverse to Support-Trend line Before Trending down !! LETS have a GOOD SHORT AUDUSD . TARGET Profit 1,5000+ PIPS RUN !! 3-2nd POSSIBLE TP TARGET IF TREND HOLDS is at @ 0.5510 CHEERS .. Stay Nimble-TRADE SAFE !! Let the Market Do, WHAT’S It suppose to do !! Act & Trigger as and when Market Dictate, ie your SHORT ENTRY !!
by jeffreyysl