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Breakout

Bitcoin can grow to 63K points exiting a pennant patternHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price some days ago started to grow inside the upward channel, where it in a short time rose to a resistance level, which coincided with the seller zone. Soon, BTC broke this level and rose to the resistance line of the channel, thereby later exiting from it and then turning around and starting to decline inside the pennant. In this pattern, BTC at once fell to the 61000 level, broke it again, and later continued to decline next to the support level, which coincided with the buyer zone. Later, the price broke this level and fell to the support line of the pennant pattern, after which at once started to move up and soon broke the 56100 level one more time. Next, the price continued to grow and reached the resistance line of the pennant, but recently it rolled down a little below and now trades near this line. So, in my opinion, BTC can correct to support line of pennant and then start to grow to a resistance level, thereby leaving this pattern. When the price reaches the 61000 level, it can break it and then continue to move up. For this case, I set my TP at 63000 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
6
TAO ANALYSIS🔮 #TAO Analysis  🚀🚀 💲💲 #TAO was trading in a Descending Broadening Wedge Pattern, and trying to breakout the pattern. Also there is an instant resistance zone and after the breakout of resistance zone and pattern we will see a bullish move. 📈📈 💸Current Price -- $327 📈Target Price   --  $640 ⁉️ What to do? - We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸 #TAO  #Cryptocurrency #Breakout #DYOR
Long
by ZEUS_Market_Alerts
HBAR BREAKOUT APPEARS IMMINENT! A major breakout appears to be imminent for HBAR! If you’ve seen the most recent HBAR chart I posted, you'll notice that HBAR is now at the very bottom of the handle in a 31-month Cup & Handle formation on the weekly and daily charts. Additionally, HBAR has formed and broken out of a very promising inverted head and shoulders pattern on the 1-hour, 2-hour, 3-hour, and 4-hour charts, and is currently retesting the neckline as I write this article. It is also near the bottom of the wedge pattern and very close to the previously established low range on the chart. I believe we are about to see a significant breakout in the next few days, which could lead to a period of notable price appreciation in the short term. With the Cup & Handle pattern I’ve identified, this trend could continue over the next year as well. Good luck, and always use a stop loss!
COINBASE:HBARUSDLong
by MetaShackle
ETH - Next resistance at 2550 with target at 2750BINANCE:ETHUSDT (4H CHART) Technical Analysis Update ETH price has hit bottom and strongly bounced back from the support zone (from price range of 2300 ). Price already seen a clear bounce back from the support and currently trading at 2400. next resistance at 2550 and if the price breaks that resistance then we can expect price to reach 2700. Entry level: $ 2450 Stop Loss Level: $ 2250 TakeProfit 1: $ 2520 TakeProfit 2: $ 2600 TakeProfit 3: $ 2680 TakeProfit 4: $ 2750 Max Leverage: 2x Position Size: 1% of capital Remember to set your stop loss. Follow our TradingView account for more technical analysis updates. | Like, share, and comment your thoughts. Cheers GreenCrypto
Long
by GreenCryptoTrades
Breakout Candle Confirms Uptrend: Higher Levels in Sight for BTChello guys. let's dive into the monthly time frame of btc analysis. Breakout Confirmation: The candle highlighted in yellow, initially suspected to be a "hunting candle," has not confirmed its status as such. With 6 subsequent candles failing to validate a hunting pattern, it is more likely a breakout candle indicating a continuation of the bullish trend. Scenario Probability: The more probable scenario suggests a continued upward movement, targeting the next significant resistance level above $72,000. The scenario where the price touches the lower level (around $42,000) is less likely, given the strong bullish momentum and support levels seen in the recent price action. ___________________________ ✓✓✓ Always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
Long
by melikatrader94
12
PIXEL ANALYSIS (POTENTIAL BULLISH MOVE)🚀#PIXEL Analysis : 🔮As we can see in the chart of #PIXEL that there is a formation symmetrical triangle pattern. Also there is a little breakout. But there is an instant major resistance level and after the breakout of major resistance level we would see a good bullish movement📈📈 🔰Current Price:  $0.1360 🎯 Target Price:   $0.1710 ⚡️What to do ? 👀Keep an eye on #PIXEL price action. We can trade according to the chart and make some profits⚡️⚡️ #PIXEL  #Cryptocurrency #BREAKOUT #TechnicalAnalysis  #DYOR
Long
by ZEUS_Market_Alerts
what is happening to BTC right now ?! 🐺 "Hello, KIUCOIN family . I hope you're doing well. 🐺 In this analysis, I've decided to explain what's likely to happen to the BTC price in the immediate short term and the long term. Be sure to stay tuned with me until the end, as it's going to be mind-blowing." 🤯 "First of all, let's examine the monthly chart. In my opinion, this is one of the best timeframes, especially for this analysis, because it reveals extraordinary price targets. Let's dive into it : As you can see on the monthly chart , BTC is between two uptrend curves that have acted as support and resistance since 2015 . These curves are fairly strong, justifying their classification as strong support and resistance lines on the monthly timeframe. As you may already know, the higher the timeframe we examine, the more accurate results we can achieve. Therefore, the patterns on the monthly timeframe are much more accurate than those formed on the daily or even the weekly timeframe. In this case, we have a clear and perfect bullish flag pattern . This is a bullish pattern, and its main target, which aligns with our resistance line, is around $165,000. 🔥🐺🚀 So let's reveals more details for you dear 🐺KIUCOIN🐺 family : In the chart above, on the weekly timeframe, we have a clear AB=CD pattern . This is a well-known pattern in harmonic trading and, in my opinion, is quite accurate. Seven out of ten times, these patterns reach their targets, making them a valuable tool for traders . So I think there is another secret reason for us to pay attention to it : BTC.D As you can see in the chart above, BTC.D is currently within a symmetrical triangle, which could also be considered an ascending triangle in this case. It appears to be on the verge of breaking out. In my opinion, if BTC.D breaks through this resistance level, it could be incredibly beneficial for the BTC price , potentially leading to a significant rally up to $165,000. However, this could also be challenging for altcoins and ETH . While they might also experience pumps alongside BTC, these pumps are likely to be less substantial. After such a BTC-led rally, we could expect a massive altcoin and ETH season. So, stay tuned with me until that time, as we could potentially make life-changing money together during this market cycle. Now finally it's time to take look at the lower time frame : As you can see on the daily timeframe , if BTC breaks through the orange resistance line , we could consider entering a long position with a target of the previous all-time high. You could also take some profits at a predetermined level and set your stop at the entry point to protect your initial investment. The remaining position could then potentially continue to generate profits, leading to a higher target of $165,000. I hope you enjoy this idea dear KIUCOIN family , also always remember : 🐺 Discipline is rarely enjoyable , But almost always profitable 🐺
INDEX:BTCUSDLong
by Kiu_Coin