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Breakout

Euro can little correct and then bounce up to resistance areaHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price rebounded from the resistance line, and fell to the support line, breaking the 1.1135 resistance level, which coincided with the seller zone. After this, the price bounced from the support line and started to grow to this level. When it reached it, EUR some time traded between the 1.1135 level and later finally broke it and reached the resistance line. But then the price turned around and fell to the 1.1135 level, after which tried to grow but failed and continued to decline inside the pennant. Euro first broke the 1.1135 level and dropped to the support line of the pennant, which coincided with the current resistance level and resistance area. Price some time traded inside this area and soon broke the 1.0950 level and fell to the support line of the pennant pattern. Also, the Euro tried to back up, but failed and at the moment it continues to decline near the resistance line of the pennant. In my opinion, the price can decline to the support line and then rebound up to the resistance area, thereby exiting from the pennant and breaking the resistance level. For this reason, my TP (1.0950) is located inside the resistance area. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
13
BTC DAILY BREAKING OUT??After 7.5 months of what what amounts to a HTF bullflag pattern, seemingly endless chop, bitcoin looks like it's finally breaking out above and continuing the Bullrun. This post doesn't need to be overly complicated, there are a few key factors on what is happening: - Bullish continuation, a bull flag pattern is just that, after a strong rally the corrective structure looks exactly like how the chart looks before continuing the next stage of the rally. Bitcoin has hit the red zone 9 times before the current breakout move, now that the daily structure has shown repetitive higher highs and higher lows for the first time it's signalled that Bitcoin is ready to continue the move higher. - US elections, every election year since 1928 traditional markets experience a rally, this year is no exception with the $S&P500, SKILLING:US100 & TVC:DJI all at ALL TIME HIGHS. As much as we crypto traders want crypto to be separate from Tradfi, reality is these markets matter and effect Bitcoin directly. '21 ATH has been major resistance all year for bitcoin, I could see that being the target for this breakout (should it be a successful breakout) before a retest of trend channel at $66,500 on the daily. All in all this is an exciting time in crypto, lots of volatility ahead come US election and beyond. Good luck everyone!
by ProR35
AMBER ENTERPRISES-Weekly Breakout with Strong MomentumBreakout Confirmation: Amber Enterprises has given a decisive breakout above the crucial Fibonacci 23.6% level (₹5,206), with a significant price surge. This breakout was accompanied by heavy volume , indicating strong bullish momentum and participation. Fibonacci Levels: The stock retraced from its highs at ₹6,256.7, respecting the Fibonacci levels: 38.2% retracement at ₹4,557.35. 50% retracement at ₹4,032.40. 61.8% retracement at ₹3,507.50, which acted as a strong support before the stock resumed its upward movement. The breakout above ₹5,206 now opens the path towards the previous highs around ₹6,256.7. Bullish Trendline Support: The stock has been respecting an ascending triangle pattern, marked by higher lows, which reflects accumulation and strengthening of the uptrend. The recent breakout from this triangle pattern gives further bullish confirmation. Targets Ahead: Near-term target : Based on the breakout and the height of the triangle, the immediate target is around ₹6,256, which aligns with the 0% Fibonacci level. Potential upside projection : Using the measured move from the breakout, the stock has a potential to reach ₹6,900-7,000 levels, reflecting a 30-40% upside from the breakout point. RSI Momentum : The RSI has broken above the 70-mark, entering the overbought zone, which confirms strong bullish momentum. However, the overbought condition may suggest some consolidation in the short term before the next leg up. Support Levels : On any pullback, strong support lies around the Fibonacci 38.2% level at ₹4,557.35, followed by ₹4,032.40 (50% level). As long as these supports hold, the overall trend remains bullish. Conclusion : Amber Enterprises is showing a powerful breakout with high volume, indicating a potential bullish rally in the coming weeks. Traders can look for opportunities on pullbacks or momentum continuation above ₹5,500, with a near-term target of ₹6,256 and a possible extension towards ₹6,900.
NSE:AMBERLong
by AngshumanSaikia
BCH ANALYSIS📊 #BCH Analysis ✅There is a formation of Falling Wedge Pattern on daily chart with a good breakout and currently retesting the major resistance zone🧐 Pattern signals potential bullish movement incoming after a breakout of major resistance zone 👀Current Price:  $356.8 🚀 Target Price:    $435 ⚡️What to do ? 👀Keep an eye on #BCH price action and volume. We can trade according to the chart and make some profits⚡️⚡️ #BCH  #Cryptocurrency  #TechnicalAnalysis  #DYOR
Long
by ZEUS_Market_Alerts
JASMY Long Position (Accumulation Breakout)Market Context: JASMY is showing bullish signs, moving out of its accumulation phase with a strong daily close above the EMA-21. The EMAs are aligning favorably, providing a solid entry for a long position. Trade Setup: Entry: Around $0.021 to $0.019. Take Profit: First target: $0.024 Second target: $0.028 Third target: $0.032 Stop Loss: Daily close below $0.018. This setup takes advantage of JASMY’s potential breakout from accumulation into an upward trend. #JASMY #Crypto #Breakout
Long
by Richtv_official
13% profit 30% in total, bitcoin might do a new higher high Recap: first off all congratulations to everyone who followed my signals, we are on our second trade the first one made more than 16% profit and the second since September 1st made more than 13% and still going strong Since September 1st I've guided my followers through entry and exit points and thanks to my perfect entry the last panic sale didn't put us in the red even thought I've pleaded every trader to buy Bitcoin and that it will at least go above 65858$ and I've been trolled for saying that now the joke's on you Bitcoin will continue it's uptred and might do a new higher high
Long
by thebitcoin_trader
BTC Breakout Watch: Big Move ($80K) Incoming? Hey everyone! If you're enjoying this analysis, don’t forget to give it a thumbs up and follow for more! Bitcoin (BTC) is looking strong here. It’s forming a cup and handle pattern on the 6-hour time frame and also appears to be breaking out of a symmetrical triangle. Right now, BTC is retesting this breakout level, and if it holds and bounces, we could see a powerful upward movement in the coming weeks. 📈 Target: $80K 🚀 Stop Loss (SL): $61.7K What do you think of BTC's current price action? Are you spotting this bullish setup too? Share your thoughts and analysis in the comments below! Let’s ride this wave together!
Long
by CoreCrypto1
BONK ANALYSIS📊 #BONK Analysis ✅There is a formation of Descending triangle pattern on daily chart with a good breakout and retest.🧐 Pattern signals potential bullish movement incoming after a breakout of major resistance zone 👀Current Price:  $0.00002265 🚀 Target Price:    $0.00003260 ⚡️What to do ? 👀Keep an eye on #BONK price action and volume. We can trade according to the chart and make some profits⚡️⚡️ #BONK  #Cryptocurrency  #TechnicalAnalysis  #DYOR
Long
by ZEUS_Market_Alerts
SOFI LONG: SYMMETRICAL TRAINGLE BREAKOUT! 80% MOVE INBOUND! NASDAQ:SOFI LONG: SYMMETRICAL TRAINGLE BREAKOUT! 80% MOVE INBOUND! Everything is FINALLY looking on track for NASDAQ:SOFI stock! See analysis below and my Symmetrical Triangle Breakout trade details at the bottom of the post! Not Financial Advice. STOCHASTIC UPTREND MACD UPTREND & BREAKOUT OVER ZERO LINE RSI UPTREND STOCK PRICE UPTREND SYMMETRICAL TRIANGLE BREAKOUT - MEASURED TRIANGLE: 727 BARS - BREAKOUT MOVE 727 BARS HIGHER (86.87%) $15.63 - TAKE PROFITS: TOP OF THE TRIANGLE (39.78%) $11.70 - STOP-LOSS BELOW MA's AND VOLUME SHELF 2.5 RISK TO REWARD (15.89%) $7.04
NASDAQ:SOFILong
by RonnieV29
5
STORJ/USDT Breakout Alert: Ready for a Major Move!Hey everyone! If you're enjoying this analysis, don’t forget to give it a thumbs up and follow for more! STORJ is looking strong here! It has just broken out of a descending triangle on the 2-day time frame and is showing great potential for an ATH (All-Time High). This could be the perfect opportunity to buy and accumulate on dips for big gains. Entry range: CMP and accumulate up to $0.42 Targets: 150% - 200% upside 📈 Stop Loss (SL): $0.33 What do you think of STORJ's current price action? Are you seeing a bullish setup? Share your thoughts and analysis in the comments below!
Long
by CoreCrypto1
BSE Ltd Breakout: High Volume Surge and Buy Signals!🚀 BSE Ltd Breakout Alert! 🚀 📊 Current Market Price (CMP): ₹3,896 🔍 Breakout Levels: ✅ High volume breakout observed across Daily, Weekly, and Monthly charts. 📈 Oscillators showing a Buy Signal. 📉 MACD confirms a Buy Signal as well. 🔑 Stop Loss : ₹3,650 🎯 Target : ₹4,375 Disclaimer : This analysis is for educational purposes only. Please don't follow this study blindly. Do your own research or consult with a financial advisor before entering any trade. Always trade with caution and risk management! #BSE #StockMarket #TechnicalAnalysis #Breakout #Nifty #TradingTips #MarketStudy #StockTrading #RiskManagement
NSE:BSELong
by Amankuckreja
Bitcoin will exit from pennant and continue to fall to 59KHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price some days ago entered to wedge, where it at once rebounded from the resistance line and fell to the support line, breaking the support level. After this movement, BTC started to grow and soon reached 57600, which coincided with the support area, broke it, and made a retest. Then it a little, after which made a correction to the support level and then made an impulse up to the resistance line of the wedge, which coincided with the 64000 level with the seller zone. Bitcoin some time traded near this level and later broke it, after which even exited from the wedge, but then it started to decline inside the downward pennant. Later price broke the 64000 level and dropped to the support line of the wedge, turned around and in a short time rose to the resistance level, but a not long time ago it turned around and fell to the support line. Now, the price trades near this line and I think it can rise a little and then continue to decline, thereby exiting from the pennant. For this case, I set my TP at 59000 points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
31