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Breakout-pullback

ADAUSD Is Set for a PullbackIt is not unlikely that the 3.00 psychological mark is causing the pullback. That being said, if the price breaks to the lower side of the pattern, you can see support at 2.53. If this price breaks to the upside of the pattern, the march continues. Keep in mind, if the price breaks to the downside and tests support, this is not a band thing, you want to see this type of pullback for further consolidation. It is part of any heathy price movement. It the price breaks to the downside, this does not mean there is a trend reversal, just that more consolidation is needed to push higher. Which is something I have been asking for, for the past few days now. However, if there is a reason for me to think there is a trend reversal, I will let you know. the last smaller cup and handle confirmed a price of 2.94. Now lets talk about why ADA has so much strength. Cardano is about to release smart contract September 12 with the Alonzo release. This addition makes it a viable competitor to ETH as an open source platform. Right now, it is just a glorified ledger. As a person who plans to be a Cadano Developer once Alonzo is released, it makes me wonder how far ADA can go. I have heard people say it cannot go to 100 dollars because it will need around a 3T market cap. But considering in the past 2 weeks ADA has added 31B to its market cap, it's definitely not out of the realm of possibility. Also, considering Grayscale Investments has picked it up, I think it has a LOT more room to grow. Tell me what you think? This is not financial advice. DYODD. Feel free to like this chart and follow me. All the support is welcomed. Thanks again! GLHF.
KRAKEN:ADAUSDLong
by mysticalwalrus
2
USDCHF - Break of important Consolidation - Where to get in?Hi Traders! The market is moving in a shortterm Downtrend, but it is actually in a longterm (daily) symmetrical Triangle. Please consider the screenshot for more details. If you have any questions, don't hesitate to write them into the comments or to make a message. Also, if you want more information about any detail above. -- The market broke out of this important Consolidation. We can see the bearish strength based on the last strong Down-Movement. But not everyone got into this trade. And as we don't want to chase the market --> we have to wait for a Pullback. The question is: Where is the next Area to get in? Of course, one possibility is to wait for the retest of the Support Break. But sometimes - or even often - the market doesn't pullback so much - and especially during times of high bearish momentum. An alternative is to consider the Trendline. We have three points from where the market turned (in the consolidation), which are all at one line - so we draw this descending Trendline. This could be a possible Entry, which is a logical Entry, a Pullback and on a reachable distance. Thanks and successful Trading :-)!
Short
by swissmoneymakers
JICPT| Tesla in the battle zone, buy the dip or breakout! Hello everyone. I managed to predict the price movement of Tesla in my previous idea titled "Tesla reacted to my zone, on the way to upside!". In my post, I explained why I recommended the bullish setup and suggested to close partial position in the battle zone where price has been consolidated for the past 6 days. Why did I call it a battle zone? The fib structure leaded me to such guessing. Sometimes I'm wrong due to market mood or news. What I want to say is that it's okie to be wrong as traders as long as you can manage your risk. Nobody can be right 100% of the time. If you check my published ideas, I've been wrong about gold, half wrong about EURUSD. Some ideas prior to those two worked well. Guess what? I don't care, because my mentor told me I should always focus on the next trade! Traders need to deal with misprediction everyday. What made us become an excellent trader is the robust discipline . Sorry, I'm a bit off track. My trade plan goes like below: 1. Breakout trade: it's a bit aggressive. Price goes up after consolidation . 2. pullback trade: 610-623 is a nice zone for re-entry due to the flip structure formed. Focus on the process and money will come to you . Give me a like if you're with me.
NASDAQ:TSLALong
by JICPT
1
EURJPY - Bullish Breakout Opportunity The EURJPY has recently broken out of both a period of consolidation as well as a previous level of resistance & I'm now looking for a bullish continuation up to the 132.50's level. After the initial break I'd hope to see some relief in price in a form of a pullback back into the level of structure that was just broken & that's where I'll be looking for my entry for a potential move higher. Originally I was looking for the 132.60's level which is a power level of past structure but seeing how a 1.618 fibonacci extension rests right below that level I see that has the safer area. Question or comments, please leave them below and I hope you guys enjoy! Akil
Long
by Akil_Stokes
2
4H BTCUSDT long setup; C-fork trendline retest before bull cont.TA explained C-Fork long setup for BTC. Waiting for the pullback of the broken descending trendline to get the trade activated. Entry range is covering Fib 0.382 to 0.786 levels, so we can expect at least the upper entry to get hit. SL is placed below the latest low. If prices reaches there again, the new local upward trend (HH --> HL) would be invalidated. The target to aim for based on the C-Fork setup is the FIB 0.618 level so we took it as second target. Trade setup Best entries: 36051 - 38576 TP1: 43361 TP2: 46984 TP3: 49996 SL: 33950 RR: 3.75 Max leverage: 2x ————— Do Your Own Research (of course) Trade at own risk (of course) Only trade what you can afford to lose (of course)
Long
by MattieDsCryptoLounge
BZRX/USDT : Targeting next major resistance after a retest... BINANCE:BZRXUSDT Hello everyone 😃 BZRX had a pullback from it's broken bearish trendline. Now there are two located zones. - Heavy support zone which is acted as a great reversal point.. - new resistance zone which formed cause of recent rejections on daily candles.. MA 50 has reached movement and it was control movement as a support ! Also there is a bullish trendline which has approached movement already. 📌 Bullish factors are winning in this scenario but the last thing is BTC. 🔴 60K is an important resistance for BTC; Any minor rejection can change the market's direction for couple of months !! Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
BLong
by Helical_Trades
9
ALPHA/USDT : Confirmed breakout on low TF BINANCE:ALPHAUSDT Hello everyone 😃 ALPHA had a breakout in low TF and it's holding above support zone. Volatility was at sell limit and now it's at neutral level.. There's a chance for ALPHA to retest support line again. 📌 1.53$ support line is heavy, There is a possibility for ALPHA to hold above it !! Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
ALong
by Helical_Trades
20