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Breakoutsignal

$BAH is breaking out of a ~21 month long base! Can it go higher?Notes: * Strong up trend on the higher time frames * Great earnings track record * Broke out of a ~21 month long base * Higher than average weekly volume and coming off from its 10 week line * Also breaking out of a smaller consolidation of ~12 weeks * Gaped up a couple of days ago and is now coiling * Broke historical resistance around the $97 area Technicals: Sector: Industrials - Consulting Services Relative Strength vs. Sector: 3.15 Relative Strength vs. SP500: 2.07 U/D Ratio: 1.37 Base Depth: 7.78% Distance from breakout buy point: 0.23% Volume 55.27% above its 15 day avg. Trade Idea: * Now's a great time to buy since the price is just breaking out and is close to the break point * If you're looking for a better entry you may look for one around the ~97.85 area as that should hold as support
NYSE:BAHLong
by HaseebKhan_90
ROSEUSDT time to create the Breakout?The price had a big bullish impulse after Facebook's news, and now the price comes back into the demand zone. the price is creating a descending channel below the daily resistance How to approach it? IF the price is going to have a breakout and retest the resistance as new support, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ black structure -> <= 1h structure. ––––– Follow the Shrimp 🦐
by InkyGrip
4
Ripple Showing Rising Relative Strength Ripple (XRP) has outperformed the overall crypto market, showing relative strength in comparison to the Altcoin index. However, the XRP price is still trapped inside a 4-month consolidation pattern, with the upper resistance line close to $0.50. Ripple Relative Strength The relative strength metric can help us spot which cryptocurrencies are outperforming the general market. It's also a bullish sign when the XRP price makes a higher low when the Altcoin index, which tracks the performance of the overall altcoin market, is making a lower low. This means that the XRP's price is rising while the other cryptos are falling. Consolidation Pattern The 4-month-old consolidation pattern led to a local bottom of $0.287 and resistance at $0.457. If the current XRP relative strength continues to progress, there is a high probability that the token will retest the top of the consolidation pattern. The rally could even extend further to tag the 200-day simple moving average, which currently stands near the $0.50 mark. Weekly Stochastic Indicator Additionally, the stochastic indicator on the weekly chart is emerging from oversold readings (below the 20 level) for the first time since the current consolidation phase. This can further sustain the recent bounce. Looking forward: Since we're still inside a consolidation pattern, there is a risk that we may end up with tighter price action until a real catalyst triggers a breakout.
Long
by cryptohopper
1