Netflix - We Know What Will Happen Next!Netflix ( NASDAQ:NFLX ) will retest the trendline next:
Click chart above to see the detailed analysis👆🏻
About six years ago, Netflix started the creating of a reverse triangle pattern, perfectly trading between the two trendlines. We already witnessed such a behaviour back in 2012 and following this previous bullish cycle, it is super likely that Netflix will head even higher.
Levels to watch: $1.200
Keep your long term vision,
Philip (BasicTrading)
Trianglebreak
XLMUSDT: Bearish Pressure Rising – Breakdown or Fakeout?
💥 BINANCE:XLMUSDT.P continues its downtrend, struggling under a descending trendline, currently trading around 0.42018 USDT . The price has failed to break above resistance, strengthening the bearish momentum. Will we see a breakdown or a reversal soon?
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🔑 Key Levels:
Support:
0.41998 USDT — immediate support currently being tested.
0.41651 USDT — a key level where buyers may step in.
0.40268 USDT — if price reaches here, bears are fully in control.
Resistance:
0.44319 USDT — critical level, a breakout here could break the downtrend.
0.44763 USDT — liquidity zone, potential upside target.
0.50000 USDT — longer-term target, requiring strong demand.
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🚩 Trading Strategy:
Entry Points:
- A short setup if price breaks below 0.41998 USDT with strong volume confirmation.
- A long setup only if price shows a clear reversal above 0.44319 USDT .
Stop-Loss:
- Shorts should have SL above 0.44319 USDT .
- Longs should place SL below 0.41651 USDT to avoid liquidity traps.
Take-Profit Targets:
0.41530 USDT — first target for shorts.
0.40268 USDT — potential bottom where buyers may appear.
0.44763 USDT — in case of a bullish breakout.
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📈 Technical Analysis:
The downtrend remains intact as long as price stays below the descending trendline.
Low trading volume suggests weak bullish momentum.
A breakdown could accelerate selling as long positions get liquidated.
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💡 Conclusion:
Price is at a critical zone – if support fails, bears could push it below 0.40 USDT. The big question is: will this be a liquidity grab with a sharp reversal, or will bears keep the pressure on? Let's discuss! 🐻📉
PEPE Deep dive before pumping? To what price?CRYPTOCAP:PEPE Script: A potential deep dive might be on the horizon before the next pump.
Right now, it’s forming a structure that looks a lot like the pattern we saw from March to May, which I’ve marked as points 1 to 7.
Both of these structures showed up after breaking out from the near-end of a symmetrical triangle.
Currently, we’re sitting at point 6.
Using Fibonacci retracement, we can estimate how deep the dip might go.
Last time, it reached Fib 1.618. If history repeats itself, PEPE could pull back to around 0.00009485.
This potential drawback would also break the uptrend line, which could shake market confidence and flush out weaker hands—perfect for accumulating liquidity to fuel a future price surge.
I’ve already set a buy order at this level, just in case this scenario plays out.
Of course, this is just one potential script among many. I’ll share more as they unfold.
Follow me for more insights and updates! 😊
Crypto TRUMP PUMP! - XRP BTC HBAR ADA - Have the stars aligned?Well the BIG DAY is FINALLY HERE!
Are you ready for TRUMP 2.0?
Regardless ready or not the world is about to get SPICY.
LOVE HIM OR HATE HIM One thing that 🟢SeekingPips🟢 is looking forward to is VOLATILIY. Well in the markets at least Currencies, Stocks, ETF's what ever tickles your fancy BUT I'M SOOOOOO looking forward to these CRYPTO MARKETS.
Oh YEAR & this HBAR TRIANGLE BREAKOUT still looks GREAT TO ME!
LET THE MAYHEM BEGIN.
Gold Long Term and Short TermGold Analysis and Trading Plan
Gold prices saw mixed movement yesterday, gaining 0.50% and trading around $2,648. Market dynamics were driven by solid US economic data, improved services sector activity, and President-elect Donald Trump’s remarks, which boosted the US Dollar and capped Gold's rise.
Key Developments:
Strong US jobs data and increased business activity in services reduced expectations for further Fed rate cuts.
China’s central bank increased Gold reserves for the second consecutive month, supporting bullish sentiment.
US Treasury yields remain elevated, bolstering the Greenback.
Upcoming Nonfarm Payrolls (NFP) will likely provide the next major catalyst for Gold's movement.
Technical Analysis:
Short-term:
Gold is forming a double top pattern around the $2,665 resistance level. A rejection here could indicate potential downside.
Long-term:
Gold is consolidating within a symmetrical triangle pattern, with a bullish breakout signaling a continuation of the uptrend.
Key Levels:
Resistance: $2,665 (double top), $2,675, $2,700
Support: $2,624 (near-term), $2,612 (lower range of the triangle), $2,580
Trading Plan:
Breakout Strategy:
If Gold breaks above $2,665, it may target $2,700 and higher levels.
On a downside breakout below $2,612, watch for a move toward $2,580.
NFP Impact:
The NFP report on Friday could drive significant volatility and provide clarity for the breakout direction. Use it to refine your entries.
Risk Management Disclaimer:
Trading involves significant risk. Use proper position sizing, place stop losses to manage risk, and ensure trades align with your overall strategy. Past performance is not indicative of future results.
Follow for more Market analysis or if you want to learn more about the markets!
AVAX/USDT Weekly Symmetrical Triangle FormationThe chart illustrates a classic symmetrical triangle pattern on the weekly timeframe, suggesting a period of consolidation before a potential breakout. The price is holding above the 50-week moving average (MA50), reinforcing the bullish outlook.
Key Observations
The symmetrical triangle indicates indecision in the market, with buyers and sellers converging.
Holding above the MA50 signals strong support and a likelihood of upward momentum.
A confirmed breakout above the upper trendline will validate the bullish scenario and trigger significant upward movement.
Targets Upon Breakout
$61 - $149
Strategic Implications
Patience is key. Monitor for a breakout with strong volume confirmation above the triangle's resistance. Failure to break out may result in continued consolidation within the pattern. This setup offers significant potential for medium to long-term gains if the breakout materializes.
BNB/USD - H1 - Triangle BreakoutThe BNB/USDT pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. BINANCE:BNBUSDT
Possible Long Trade:
Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle.
Target Levels:
1st Resistance – 730
2nd Resistance – 744
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
4020: LONG AFTER BREAKOUT OF SYMMETRICAL TRIANGLE PATTERN4020: Saudi Real Estate had a successful bullish breakout of a symmetrical triangle pattern. Target price can be set as SAR 30, around 17.5% from the point of breakout. Set SL according to your risk management plan. Enter a long position once price retraces and retests the triangle pattern's upper side.
Best of Luck!!
AUDUSD Clear cut triangle, extended move in the waitingThis beggining of the year it seems triangles are shaping up and extended moves following breakout are in the waiting. Following yesterday's idea, this one is similar but now on AUDUSD.
A clear cut triangle appeared in the 1H chart and the breakout should be happening in the next 24 hours. Better to wait for the breakout to be confirmed in the 4H or ideally in the daily.
Then, it is up to you how to play it. I have put a FIB retracement ranging between the main weekly support and resistance, starting from the 2020 low and the 2021 high. The FIB levels match very well the price action and offer good guidance.
Xrp - Another +100% Pump Is Starting!Xrp ( CRYPTO:XRPUSD ) is sill just getting started:
Click chart above to see the detailed analysis👆🏻
Xrp is so far perfectly following the repetition of cycles after we saw a beautiful breakout candle of November with an insane move of +280%. Looking at previous behaviour, it is now actually very likely that Xrp breaks the previous all time high and continues its strong rally.
Levels to watch: $3.0, $5.0
Keep your long term vision,
Philip (BasicTrading)
Disney - Don't Miss This Reversal Now!Disney ( NYSE:DIS ) is about to retest strong support:
Click chart above to see the detailed analysis👆🏻
Even though Disney has been consolidating for about 10 years now, it is still providing bullish trading setups. Especially the current horizontal support has been holding Disney above water and it is more than likely that Disney will create another bullish reversal away from this level.
Levels to watch: $85
Keep your long term vision,
Philip (BasicTrading)
Xrp - The First Of Two Massive Breakouts!Xrp ( BITSTAMP:XRPUSD ) is still creating bullish structure:
Click chart above to see the detailed analysis👆🏻
Despite the overall crypto market weakness Xrp is still holding and even rejecting the lower support trendline of the symmetrical triangle pattern. Xrp also created another short term triangle within the long term triangle, so two major breakouts might happen pretty soon.
Levels to watch: $0.6, $1.0
Keep your long term vision,
Philip (BasicTrading)
Microstrategy - Might Break Lower Chart Pattern - Lower Crypto?Micro-strategy is currently hovering around the lower breakout point of the current Pennant or Triangle chart pattern. If this is not a fake out, it could signal lower prices to come for crypto's across the board.
If it holds, I expect it to move to the upper area of the pennant or triangle and if it breaks, we will see newer ATH for BTC and other Alt Coins.
BTC and the other major Alt Coins are all holding just above chart patterns that signal lower prices to come, so I expect lower prices, but with this lower volume during the holidays, manipulation is very possible from smart money and the market makers.
Trade carefully.
Cardano bullish triangle - Alt season is hereHey Traders!
Cardano (ADA/USDT) is showing an exciting setup as it forms a symmetrical triangle, signaling that the market is consolidating and preparing for a potential breakout. Based on the current price action, there is a clear bullish bias, but we can’t ignore the possibility of a bearish breakdown.
The price has been respecting the rising support line, currently holding at $1.0489, while resistance stands firm at $1.3269. If the price breaks above this resistance level with strong volume, it could trigger a bullish rally toward the Fibonacci target at $1.7080, offering a promising opportunity for buyers.
However, there’s always risk in these setups. If the price loses momentum and breaks below $1.0489, the bullish scenario would be invalidated, and ADA might drop toward the lower support at $0.9408, marking a bearish turn.
This pattern is a classic decision point. A breakout above resistance signals strength, while a breakdown below support could lead to a deeper retracement. Watch the volume closely for confirmation as we approach the apex of the triangle.
What do you think, traders? Will ADA break out to the upside or slide lower? Let me know your thoughts in the comments below!
XRP triangle - possible bullish outbreak!Hey Traders!
The XRP/USDT chart is forming a symmetrical triangle , signaling a period of consolidation before a potential breakout. Based on the current price action, the setup leans bullish , but there’s still a risk of a bearish breakdown that traders should keep an eye on.
The bullish case is supported by the fact that the triangle follows a strong upward trend, often a sign of continuation to the upside. Additionally, the price has been respecting higher lows, with solid support levels at $2.2500 and $2.2023 , suggesting consistent buying pressure. If the price manages to break above the key resistance at $2.8743 , it could pave the way for a move toward the all-time high at $2.9075 .
However, there’s a bearish risk to consider. If the price breaks below the lower support at $2.2023 , it could trigger a downward move targeting the next support zone around $1.9629 , as indicated by the shaded region on the chart. A breakdown with high volume would confirm a bearish shift in momentum.
For now, the market is at a crossroads. Traders should watch for a breakout above resistance or a breakdown below support before taking action. Managing risk is key—placing stop-losses below $2.2023 can help protect against downside moves, while an entry on a confirmed breakout above resistance could capture the next leg up.
What’s your take on this setup? Are you leaning bullish or bearish? Let me know your thoughts! 🚀
XrpUsd - The beginning of the end?BITSTAMP:XRPUSD is actually attempting to invalidate my long term bullish case scenario.
Trading cryptocurrencies in general is not easy. You always experience two digit moves in single days and drops of -10% are never easy to digest. Looking at the higher timeframes is key though, also on XrpUsd. XrpUsd is still trading in the triangle formation and retesting the last bullish inflection point. My general optimism tells me that we will see a bullish rejection here.
Levels to watch: $0.42
Keep your long term vision,
Philip - BasicTrading