Breakout
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!
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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!
ONDO/USDT Bullish Setup: Time to Buy for 100% Profit! Hey everyone!
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ONDO is looking strong right now! It just broke out of a falling wedge pattern on the daily time frame and is currently retesting the breakout level. This could be an ideal opportunity to buy and accumulate on dips, with potential for a 100% gain!
Entry Range: Current price and add more up to $0.70
Target: 100% - 120%
Stop-Loss: $0.60
What’s your take on ONDO's price action? I’m seeing a solid bullish setup here. Share your thoughts and analysis in the comments below!
DOGE ANALYSIS🌸#DOGE Analysis : Bullish Trend 🚀🚀
🚀As we can see that #DOGE was making higher highs and higher lows. But finally we can see a breakout of flag and pole pattern. It indicates a bullish trend. 💲💲
🔖 Current Price: $0.14420
⏳️ Target Price: $0.17390
⁉️ What to do?
- We can trade according to the #DOGE chart and make some profits. Keep your eyes on chart price action, observe trading volume. Always observe market sentiments and update yourself everyday.🔰🔰
#DOGE #Cryptocurrency #Breakout #TechnicalAnalysis #DYOR
SPY Loosing Momentum ! SPYLOVERS DONT PANIC ! Its OKAfter several weeks of analysis, the price reached its all-time highs twice, creating a new extreme. Att his moment is what i call in a no man's land zone. But what do I see in the overall structure?
If you can clearly identify the yellow upward channel, I want you to split it in half, and we will analyze the two parts.
In the first half, we have an active price movement, with clear fluctuations between support and resistance. The high volatility causes the price to move in waves, perfectly respecting support and resistance.
But if you can manage to identify the second half, up until the end of the channel, you'll see that the price shows signs of exhaustion.
Exhaustion, how?
When the price stops having that volatility everyone is looking for, and begins to slow down and starts moving like a worm along the edge of the channel’s support, showing small candles and, above all, losing momentum. (In the chart, I want you to identify the price exhaustion by marking it with a small symbol of a worm crawling along the channel's support.)
This type of behavior happens frequently when the price is losing momentum. In this type of scenario, I am more than certain that we will soon see a move where the price might break out of the yellow channel. Most likely, we will see the price make its natural retracement. After achieving two all-time highs, I believe it's time for the price to take a break, either to consolidate or make a quick decision.
Nevertheless, I am expecting the price to make its natural pullback in the coming week.
We’ll see if it happens.
Best regards, and thank you for supporting my analysis.
Xrp - This Is The Bullish Breakout!Xrp ( BITSTAMP:XRPUSD ) is preparing two major breakouts:
Click chart above to see the detailed analysis👆🏻
Xrp has been consolidating for almost 7 years and if a triangle breakout happens, it will certainly be followed by new all time highs. Price action and market structure are both pretty clear, and it seems almost impossible for Xrp to break the current support. Therefore longs!
Levels to watch: $0.5, $1.0
Keep your long term vision,
Philip (BasicTrading)
SILVER Bullish Breakout! Buy!
Hello,Traders!
SILVER is trading in an
Uptrend and we are now
Seeing a bullish breakout
Of the key horizontal
Level of 32.50$ which is
Now a support and as the
Breakout is confirmed we
Will be expecting a
Further move up
Buy!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
BRETT ANALYSIS🚀#BRETT Analysis : Pattern Formation
🔮As we can see in the chart of #BRETT that there is a formation of Inverse Head And Shoulder Pattern and it's a bullish pattern. Also we can see a breakout here. Around 20-40% bullish move is pending in #BRETT
🔰Current Price: $0.10990
🎯 Target Price: $0.1330
⚡️What to do ?
👀Keep an eye on #BRETT price action. We can trade according to the chart and make some profits⚡️⚡️
#BRETT #Cryptocurrency #TechnicalAnalysis #DYOR
ETH/USDT: Ready for Liftoff? $3,500 Target in Sight!Hey everyone!
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ETH is looking incredibly bullish right now. It just broke out of a symmetrical triangle on the 8-hour time frame, signaling potential for a strong upward move. I’m eyeing a push toward the $3,500 level.
Target: $3,400 - $3,500
Stop-Loss: $2,500
What are your thoughts on ETH’s current price action? Are you spotting this bullish setup too? Drop your analysis in the comments below, and let’s ride this wave together! 🚀
Bitcoin's Last Stand: Can It Break Above $68.3k?MARKETSCOM:BITCOIN has finally reached the weekly block—the last level before ATHs.
Is this the moment we’ve been waiting for? I believe it is. For the first time, it’s printing a bullish weekly signal at this critical level. The last attempts, in June and July, were merely bounces without the momentum or reversal signals needed to push higher.
This time feels different. We have an expansion candle on the weekly, and hopefully, it will close above the $68.3k level. If we compare the timeline to the previous breakout before the $30k surge, this consolidation phase seems to be coming to an end.
I think the odds are now better for an upward move.
I’ll revisit this chart at the end of the week—we still need a solid close.
If everything aligns, November could be a strong month, potentially pushing toward $81k!
HelenP. I Euro can break trend line and then continue to fallHi folks today I'm prepared for you Euro analytics. In this chart, we can see how the price some days ago rebounded from the resistance zone, which coincided with resistance 1 and started to grow. In a short time, EUR rose to resistance 2, which coincided with one more resistance zone (1.1170 - 1.1140), and even rose a little higher, but soon turned around and declined below. Next, the price some time traded below resistance 2, after which it later turned around and rose back to the resistance zone (1.1170 - 1.1140). Price some time traded in this area, until it reached the trend line, after which price started to decline. In a short time, the EUR broke the resistance level (1.1140) and continued to decline near the trend line. Later price reached the resistance zone (1.0925 - 1.0900) and soon broke resistance 1, after which made a retest and then continued to move down. At the moment price trying to break the trend line, and I expect that EURUSD will break this line, reach the resistance level, and then continue to fall to the trend line. That's why I set my goal at 1.075 points. If you like my analytics you may support me with your like/comment ❤️
GBP/USD: The weight of evidence approachThere are always reasons not to take a trade.
You have to take a 'weight of evidence' approach - and you'll still often be wrong ;)
The idea: Trade GBP/USD short on a daily close below critical support. Looking for 2:1 RR
Reasons for:
Trend is lower (falling fractals / price below the 50 DMA)
Momentum is to the downside (MACD below zero)
If the break holds, then long term trend has turned to a downtrend, adding more force to the short term downtrend.
Reasons against:
Already had a big move lower
Longer term trend has been up - this maybe an exaggerated pullback.
The nice thing about trading, you don't have to stay wrong.
If this breakdown trade fails - it tells us the market has strength.
So then we can wait to trade a break above resistance or a fractal
Ethusdt trading strategyThis Ethereum (ETHUSDT) chart shows the price consolidating within a symmetrical triangle pattern. Currently, ETH is moving near the upper boundary of the triangle around $2,620, indicating potential breakout scenarios.
Bullish Scenario: If ETH breaks above the triangle's resistance, it could trigger a sharp upward movement, potentially reaching higher price levels around $2,800 or beyond.
Bearish Scenario: On the other hand, if the price fails to break out and moves lower, it may retest the support area near $2,500, which could provide another buying opportunity.
This consolidation pattern suggests that a significant move is coming soon. Traders should keep an eye on the triangle's boundaries for a clear breakout or rejection to define their next steps.
AUD/JPY looks on the verge of a breakoutAnother strong employment report for Australia helped the Aussie dollar gain traction on Thursday. And with Wall Street stocks remaining supported amid a weak-yen environment, AUD/JPY could be nearing a bullish breakout.
AUD/JPY found support at the 200-day SMA on Wednesday and formed a bullish engulfing candle on Thursday. The 2-year AU-JP yield differential also appears set for another leg higher, which could help AUD/JPY break out of a potential bull flag.
The 102 handle sits near the monthly R1 pivot, making it an interim target. A break above which brings the June low and 103 handle into focus.
- Bulls could seek dips to the 100 handle and target the 102 and 103 handles
- A downside risk for this pair is if we enter a period of risk off
- A break beneath Wednesday's low invalidates the bullish bias
MS
Tesla - False Bullish Breakout!Tesla ( NASDAQ:TSLA ) is almost back below resistance:
Click chart above to see the detailed analysis👆🏻
Last month, Tesla finally managed to close above the resistance trendline of the long term descending triangle continuation pattern. However over the past couple of days, Tesla stock then tumbled and is now trading below the trendline, potentially creating a false breakout.
Levels to watch: $160, $220
Keep your long term vision,
Philip (BasicTrading)