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Resistanceturnedsupportbreakout

XLM Next target 0.45!I have predicted before that XLM will reach 0.4 and it well did. The price action has been respecting an upward channel for the last months. Next potential target now is 0.45$. The price action broke through the median channel and through a strong resistance zone which can act as a support if the candle closes above it. After that we can expect a pullback to 50% level of Fibonacci (a previous resistance 0.35-0.36$) before going bullish towards 0.45$. The 21 EMA has been acting as a good dynamic support since 21 January and moving averages in general are well spread and going long.
KRAKEN:XLMUSDLong
by rodrader
ONEUSDT is trying to have a breakout 🦐ONEUSDT is trying to have a breakout from daily resistance. IF the price will have a breakout and turn the current daily resistance into new daily support, According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
6
VIDTBTC is testing daily resistance 🦐VIDTBTC is testing daily resistance. If the price will have a breakout upwards, and flip the current resistance into new support, According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
XMRBTC is creating a bullflag below weekly resistance 🦐XMRBTC is creating a bullflag below weekly resistance, after a nice recover. IF the price will break the weekly resistance According to Plancton's strategy, we can set a nice order Weekly ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
XLong
by InkyGrip
21
MASTEK - Multiyear BreakoutThis is a MONTHLY CHART - so patience is the key. Don't get disappointed in daily pullbacks. From the year 2000, there has been a resistance around 540. In 2018 there was an attempt to breakout but the RSI was already overbought and there was a bearish divergence due to which the stock didn't get the required steam to fly. However from April 2020, we have seen a one way strong rally with a successful breakout. So a monthly corrective candle is expected. Keep a close watch. Multiyear breakouts tend to be explosive once they start their rally.
NSE:MASTEKLong
by CannySunny
Add $FTM to your watchlist!Add BINANCE:FTMBTC to your watchlist! Fatom is showing some strength here by setting higher lows and higher highs into a resistance which has held since september 20th. A break and close above this level with good volume , would make for a very interesting long set-up. Im watching and waiting for a close above 0.00000158 before entering, afterwards, i'm targeting 0.00000169 (7.30%). Watch how price reacts to that level, if it closes above , target 0.00000183 for a total of 15.88% profit. If you want to play it on the safe side, i would pre-set a sell for 30% of your position at 0.00000169 to lock in some profit. You can always re-enter on a retest or clear close above 0.00000169. Mind you i'm posting this as a way to share an idea i have. I am by no means a financial adviser or an experienced trader for that matter.
by Buta-yarou
2
Best trading strategy for beginner!Basic charting skills for novice traders Understanding Support and Resistance levels are a fundamental part of learning how to chart and trade. It's the most basis concept but plays a tremendous role in technical analysis. When one has a good understanding of support and resistance levels, he/she can start trading S/R flips. Which is a relatively easy trading strategy. A S/R flip is when a Support level turns into a Resistance level and vice versa. The first step is to learn how to identify key support and resitance levels. You'll get a hang of this fairly quick by practicing on Daily, 4H and hourly charts. I would advice to stay away from lower timeframes in the beginning, due to the fact that it can be a little more tricky to identify clear levels there. Once you get a hang of identifying support and resistance levels, try practicing with the trading strategy of trading S/R flips. Select a chart, identify the relevant support and resistances that are close to the current price level and mark them with horizontal rays. (I have done this with the LTC/EUR chart for this idea). For a select period (depending on which timeframe you selected; 1D, 4H, 1H), try monitoring the way the price reacts to the levels which you have drawn. You might notice a certain patterns of the price breaking levels, and then re-testing them. This is called an S/R flip. It shows that the previous resistance (which has been keeping the price from going up), has now turned into support (keeping the price from going down). The same may apply for support levels turning into resistances. How does one trade S/R flips? In a bull market, traders can wait for price action to break through a previous resistance level. If the price manages to break through the resistance and close above it, that indicates that the resistance has been broken and now functions as support. Traders can enter a trade from the moment the candle closes above the resistance level, OR play it more safely and wait to enter on the retest of the broken resistance. The trade is invalidated when there is a failed retest attempt where the price falls through the level. However, do note that prices can always "wick" through a level, without actually closing below it (which is a clear sign to get out). In a bear market, traders basically trade the same way only in a different direction. Traders will wait for the price to fall through a support level and open a short when the candle closes below the support lvel OR wait for the price to retest the broken support level. Off course, the information provided here is a bit short-sighted. It is definitely as "black and white" as i have described it here. There are other things to consider, like volume in-or decreases. Or larger chart patterns which are directing the price action. However, the tutorial provided here should help you get well on your way! Please note i am doing this for educational pruposes and am still learning myself! I am not a professional trader or financial adviser.
Education
by Buta-yarou
IOST High Probability SetupI don't think the alt run is over yet, though I am wary of any big moves on BTC that could shake things up. So as always in this bear market, I'm keeping a tight stop-loss and booking profits quickly. As you can see from the chart, we're in a support region with a lot of confluence on the 12H: - 786 fib line - Strong resistance-turned Support around 209 sats - 55EMA on 12H High probability and solid R/R. Entering on a higher low on the 1H. Will update on how this trade plays out. Entry: 206-210 sats TP: 230 sats (11%) S/L: 201 sats R/R: 3.8
Long
by eudotong1