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Trendline-breakout

BITCOIN - Price can bounce down from wedge to $59000 pointsHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Recently price declined to support line and at once bounced up to $60900 level and soon broke it. Then, price made retest and continued to move up to resistance line, after which it turned around and declined to support line. Next, price rose to resistance line, but soon started to decline inside wedge, breaking $64300 level at once. After this, price fell to support line of wedge and then bounced up to resistance line, after which started to fall. In a short time, BTC fell to support line of wedge, but recently it rose higher than $60900 level, breaking it. Now, I think that price can rise slightly and then bounce to $59000, breaking support level and exiting from wedge. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
7
NZDCAD - Daily Swing against 4Hour Trendline The daily swing high successfully broke market structure to the downside in September. After which the bears lost power to the bulls. The bulls successfully took power in October, creating series of higher highs and higher lows (4hour trendline ). With market approaching swing high, a power toggle between the bulls and bears is inevitable. Which side are you rooting for and why? A short from the swing high is an opportunity not to miss a partake in. Aggressive entry from the swing order block or conservative entry after trendline break. Take profit at half or full swing or both.
Short
by Obodo_Charles
$XRP Primed For A Big Run$XRP is on the verge of breaking out of upward resistance from April of 2021. After two rejections from this resistance, the price has finally broken through. There was a breakout on the daily yesterday as well as a successful retest. If the price can close above the resistance on the weekly, we are primed for a big run. As you can see, there is a lot of room to run on the weekly RSI as well. A 2X run up to $0.91 is minimum in this spot. The next two targets are $1.35 (3X) and $1.97 (4.5X). I will be keeping a close eye on this one over the coming days.
Long
by ParCrypto
3
Soaring OIL Prices Could Make CADJPY HIT 100.000!Soaring OIL prices has caused the LOONIE to strengthen considerably! On the other hand the JPY has lost ground against all the major currencies. The depreciation in the YEN is driven by the inflation fear in world's major economies caused by the conflict in eastern Europe and soaring OIL prices is not lending a helping hand to the JPY. With OIL prices predicted to keep soaring further this year, we can expect this pair to keep climbing steadily. Now coming to the technical analysis part, we have a clear long term uptrend trend supported by the two weekly trendlines. For this trend to continue, we require a technical confirmation, in this case the monthly candle needs to close above 95.000 psychological resistance. After this we have to wait for the price to retrace to 95.000 psychological support before executing a LONG trade. Patience is everything in this trade, as the retrace would help us attain 1:1 RISK TO REWARD RATIO. A stop loss can be place just beneath the rising trendline just below 90.000 level. Take profit set at 100.000 psychological resistance. Both the technical and fundamentals favor CAD appreciation In A Long run. So lets see what happens. Cheers, I hope you find this insight helpful. Please LIKE & FOLLOW for more insights into Major & Minor currency pairs.
Long
by FX618Analysis
USDCAD Likely To HIT 1.25000 As Oil Prices Support The LOONIE!The long term ascending trendline has been violated which is evident to a smaller extent on the main daily chart. Have a look at the image below which show the weekly timeframe perspective of trendline violation: These two perspective strongly favor that indeed the trendline has been violated and now the price looks set to head lower and test 1.25000 psychological support. This is all based on summarized technical terms, on fundamental basis the only supporting hand that could be aided to the Lonnie appreciation against the greenback is the rising commodity prices including OIL. The current market environment seems to be in support for most commodity currencies. So based on this we can expect the CAD to strengthen in the short term. All the entry, target and exit point prices are shown clearly on the main chart. The entry is set at such level so that a 1:1 risk to reward ratio can be achieved! So its best to wait for the price to retrace to ideal entry point so as to even the risk out. Cheers, I hope you find this insight helpful. Please LIKE & FOLLOW for more insights into other major currency pairs.
Short
by FX618Analysis