Get started

Breakouts

220% for Fet in 50Fet's looking to lead the AI charge in the coming weeks we have : Reverse Head & Shoulders: • We’ve got a clean Reverse Head & Shoulders pattern in play, which signals a strong bullish reversal. The base sits just above 1.00 USDT, and we’ve already seen a breakout confirmed at 1.309 USDT. This setup is often the precursor to a significant upward move. Price Targets: • First target sits at 2.032 USDT, a solid 58% gain from the breakout point. • Beyond that, we’re looking at a long-term target of 4.180 USDT, marking a 220% potential increase. This target aligns with the projected upper channel, showing a clear path if bullish momentum continues. Volume & Momentum: • Volume is backing up the move—strong buying pressure is evident with a notable increase in green volume bars. • The momentum indicators (likely MACD) are also bullish, reinforcing the strength of the breakout. This suggests there’s still room for the trend to run further. Historical Reference: • On the right side of the chart, there’s a past pattern with similar price action. After consolidating for 45 days, the price moved sharply higher. While past performance isn’t a guarantee, it’s definitely worth noting the similarities. Strategy: • For those looking to enter, a re-test around 1.309 USDT (now support) offers a solid entry point. • A break above 2.032 USDT could ignite further momentum, potentially driving price toward 4.180 USDT in the coming weeks or months. Watch for sustained volume and bullish momentum to confirm the trend. Summary: Fetch.AI is setting up for a strong move, with a clear bullish pattern and solid upside targets. If momentum continues, the next few weeks could see substantial gains. This is a trend worth watching closely.
Long
by Blockbullder
EurUsd → so bullishhello guys. let's dive into eurusd Breaking the Channel: The price has broken out of a previous channel, which suggests a potential bullish momentum continuation. This breakout is marked as a significant event that has shifted the trend. The Last High Broken: The chart indicates that the last significant high around the $1.1169 level was broken. This breakout above the previous high is a strong bullish signal, suggesting further upward potential. Internal Trendline: There’s an internal trendline within the broader trend that could act as support if the price pulls back. The price might retest this trendline before moving higher. Potential Bullish Move: After breaking the last high, the price may retrace slightly to retest the breakout level or the internal trendline, before continuing its upward move. The next potential target appears to be in the region of $1.1300, where the price may find the next significant resistance. Current Price Action: The price is currently hovering around $1.1166, slightly above the previous resistance, which now acts as support. This area will be critical in determining if the price continues its bullish trajectory or pulls back for a deeper retest. This analysis underscores a bullish outlook for the EUR/USD pair, emphasizing the importance of the broken resistance level and the potential for further gains if the trend continues. Traders should watch for a retest of the breakout level to confirm the strength of the move. ___________________________ ✓✓✓ 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
1
GOlD → stick to the long positionhello guys. I believe gold is still bullish and only long positions are logical. Channel Breakout: The price of gold has broken out of the main ascending channel, indicating a strong bullish move. Fake Divergence: A fake divergence was spotted, but the price continued to rise, rejecting bearish signals. Support Zone: The price is currently hovering above a significant support zone (highlighted in blue), which could serve as a springboard for further upward movement. Target: The next potential target lies near the upper boundary of the newly formed channel, around the $2,550 mark. Summary Breakout: Price broke above the main ascending channel. Support: Holding above a key support zone. Target: Aiming for $2,550 as the next potential resistance level. ___________________________ ✓✓✓ 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
OANDA:XAUUSDLong
by melikatrader94
16
Descending Channel on USD/CHF @ D1This descending channel pattern has formed on the daily chart of the USD/CHF pair following a rising trend that lasted from the start of the year till May 1. The pattern's borders are marked with the yellow lines. The potential entry level is at the cyan line. The potential take-profit level is at the green line. The stop-loss can be set to the low of the candle preceding the breakout candle. It's not shown SL isn't shown on the chart. I will ignore bearish breakouts from this descending channel formation.
Long
by AndriyMoraru