XRP Price Analysis: Potential 20% Drop Amid Key Support LevelsXRP is currently trading within a box pattern, with a lower high suggesting a higher probability of a downside breakout. If the crucial support level of $0.5213 is lost, there is a 20% potential drop in price, targeting $0.4164. If you are holding XRP, you might consider selling, or alternatively, you could take a short position upon a clear break of the $0.5213 level. Given the importance of this support, a sharp decline is expected if it breaks. Keep an eye on this critical zone for any significant moves.
Breakout
Nasdaq - This Is Just The Beginning!Nasdaq ( TVC:NDQ ) is starting the next parabolic rally:
Click chart above to see the detailed analysis👆🏻
Although the Nasdaq is about to create a new all time high, this is just the beginning of the next major higher timeframe bullrun. The Nasdaq just broke above the channel resistance and is now heading for a +30% move. It feels absolutely counterintuitive - welcome to the stock market.
Levels to watch: $20.000, $26.000, $16.000
Keep your long term vision,
Philip (BasicTrading)
BTC ANALYSIS (update)🔮 #BTC Analysis - Update 🚀🚀
💲 As we said earlier #BTC performed the same. Now we can see that there is a breakout of the pattern in #BTC. But there is an instant resistance zone. After breakout above the resistance zone, we would see a new higher price in #BTC
💸Current Price -- $67,700
📈Target Price -- $73,500
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#BTC #Cryptocurrency #Breakout #DYOR
BTC, can confirm we confim the breakout?Please check the previous idea to get the bigger picture - You find it in my profile
Hello everyone,
Bitcoin reached the top line of the flag pattern, that was built from the 74k top. We got a strong move up, but the breakout didn't even reached 70k.
Bearish Case
Currently we are in a correction of about 3000 Dollar and the correction could expand, if the current support from the 1H 200 EMA will be lost. The next support would come in between 64k and 65k.
Bullish Case
If the price can stay above 66500 and breaks the pattern to the upside, it will face resistance at 68k and needs to get over 68400 to continue the path to the upside. If that's the case, 73k should be the next target
EUR JPY Trade Setup 4 Hour TimeframeOn the 4-hour timeframe, EUR JPY is pulling back for a retest of the broken resistance level, which has now turned into a new support level.
The pair continues to move in an uptrend, forming higher highs and higher lows while bouncing off a support trendline.
We will be looking for buy opportunities as the price tests this key support level.
Bitcoin can rebound up from pennant to 71K pointsHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price rose to the current support level, which coincided with the support zone. After it reached this level, it some time traded near and even entered the support area, but then dropped to the buyer zone. Also, the price started to trades inside the pennant, where later, BTC rebounded from the buyer zone and started to grow. Soon, the price turned around and made a correction movement to support line of the pennant. After this, BTC turned around and made impulse up, making a fake breakout of the 60800 level. In a short time later, the price reached the current support level, broke it, and made a retest. Then it continued to grow until reached the resistance line of the pennant, after which, a not long time ago, it rolled down. So, at the moment, I think that the price can decline to support line and then rebound up, exiting from the pennant pattern. After this, I think BTC can continue to grow, for this case, I set my TP at 71000 points. Please share this idea with your friends and click Boost 🚀
ATOM ANALYSIS📊 #ATOM Analysis
✅There is a formation of Descending Channel Pattern in daily chart with a breakout of Descending Channel. But there is an instant resistance zone.🧐
Pattern signals potential bullish movement incoming after the confirmation of breakout of the pattern
👀Current Price: $4.800
🚀 Target Price: $6.580
⚡️What to do ?
👀Keep an eye on #ATOM price action and volume. We can trade according to the chart and make some profits⚡️⚡️
#ATOM #Cryptocurrency #Breakout #TechnicalAnalysis #DYOR
'THE XRP BREAKOUT CHART' - May predict the month of the breakoutTHE XRP BREAKOUT CHART is a chart I created to show a very interesting trend that I discovered within XRP's monthly chart. Four times in XRP's previous price action history, prior to periods of significant price appreciation, XRP formed a FVG (fair value gap), as shown in the white boxes, which consisted of three candles. Then, while within that FVG, price broke out on the 8th candle four consecutive times. Three of these four FVG breakouts were preceded by, or included, a single liquidation candle breaking below the lower trend line. Regarding current price action, we just saw the pattern liquidation candle this past July. So, it appears that this trend will continue for the next breakout of the current wedge pattern.
However, the key takeaway is that the pattern FVG has not formed, which means, as of this month (October), if the pattern is to repeat for a fifth time, then we are at a minimum of eight months away from the breakout we have all been waiting for.
The herd—retail investors and YouTube influencers—believe, in sync, that the breakout will begin in mid-December, continue through January, and peak around late February to early March. According to this chart, they’re all wrong.
I believe that incredible price appreciation is coming in the future, but I think this pattern will repeat. That means the breakout of the current wedge pattern, at the earliest, will be sometime around mid/late summer to early fall of 2025, most likely on the 8th monthly candle within the next FVG formation. But when will the first three candles form?
Good luck, and always use a stop loss!
GBPUSD: Counter-Trend BreakoutThis is actually a counter-trend trade that I've been eyeing on the GBPUSD pair. Price rallied from August to October before breaching the trendline.
Earlier this month, I plotted two support levels and now price is breaking and accelerating from the second support level.
ADR: 63.5
SL: 60
TP: 140
'We're Pretty Cheap At The Moment' CYBIN $100+Poised to disrupt mental health treatment Cybin is on the verge of a revolution unlike any treatment the world has ever seen in depression. Phase 3 trails/data will bring many catalysts for the future, into the unknown where no one has gone legally before..
USD, yields surge on Fed pushback, Trump rebound After just one day of retracing on Friday, the USD bull regained momentum on Monday thanks to Fed members continuing to push back on aggressive easing. Markets are also pricing in a Trump win with some polls suggesting he is ahead in three key states and some bookies even touting for him to win. In the current climate, USD/JPY could be at 152 before we know it.
MS
GBP-USD Will Go Down! Sell!
Hello,Traders!
GBP-USD broke the key
Horizontal level of 1.3067
Which is now a resistance
Then made a retest and a
Pullback and is going
Down again now so we
Are bearish biased and
We will be expecting a
Further move down
Sell!
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From Dips to Highs: Unveiling a Bullish TurnaroundKROSS LTD newly listed company that had a rough start, now shifting from an initial downward trend to a positive trajectory. Investors are loving the positive shift, and the stock's looking solid again. It's a good sign for the future, showing they've got what it takes to bounce back. 🌟📈
Setting up for a potential 1:2 RR trade.
Disclaimer: All ideas are my personal views and not financial advise. I do not have any Telegram channel nor do I sell any courses.
MRPL - 45% down from its topOne of the follower has requested for the analyses of MRPL, hence publishing it, may be it would benefit remaining followers.
All details are given on chart. If you like the analyses please do share it with your friends, like and follow me for more such interesting charts.
Disc - Am not a SEBI registered analyst. Please do your own analyses before taking position. Details provided on chart is only for educational purposes and not a trading recommendation
Italy 40: Trend Breakout34,820~ was a major level for the Italy 40 index. This level held since June 2024 and I saw price breach above it just near the end of last week.
As I look for the trading session ahead, further upside potential is expected provided that price is able to remain supported above this level.
ADR: 40
SL: 40
TP: 80
Abbott Labs Shakes Off Downtrend, Sets Sights on $142 milestoneIn December 2021, the stock price hit an all-time high near the 142 mark, after which it experienced a significant drop.
Following this decline, the price found support around the 90 level and began to recover.
Last week, the stock managed to break through the upper boundary of the descending parallel channel, setting the stage for additional upward momentum.
An immediate resistance level is noted at the 122 level, and a substantial movement is expected if this level is surpassed.
ZK/USDT Breakout Alert: Bullish Setup with 100%+ Gain Potential!Hey everyone!
If you’re finding value in this analysis, don’t forget to hit that 👍 and follow for more updates!
ZK is showing strong momentum right now! It recently broke out of a descending triangle and is currently in a retest phase. This could be a perfect opportunity to buy and accumulate on dips, with the potential for 100-130% gains ahead!
Entry Range: Current price and add more up to $0.132
Target: 100-130%
Stop-Loss: $0.111
What are your thoughts on ZK’s price action? I’m seeing a solid bullish setup here! Share your analysis and insights in the comments below!