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Breakoutsetup

Will VETUSDT close the week above key level again?Has been ranging for the past 2 weeks but last week closed above 0.0265 (barely) which I think is a key historical level (former highest weekly close for $VET). Market traded back below this level this week which indicated a possible false break but it seems the bulls may yet save the week for VeChain and, with just a couple of hours till weekly close, we may see the price close above 0.0265 again for the second consecutive week. I do believe this is significant. And it's even better if we close this week above last week's closing price (0.0271). Note, however, that the market is in a trading range right now so we are not out of the woods yet until we see that follow through buying to get us out of this 2-week price range. But closing the week above 0.0265 again definitely improves the odds toward that end.
Long
by thedailychartist
The BTCUSDT level that I am watching while market goes sidewaysAdding a bit more confidence that current prices could attract more buyers soon. I think 33k is logical support and may be a good buyers zone. Note also the downward volume trend as price consolidates further. Looking bullish to me honestly. BUT... This bigger pullback may be confusing traders right now and we may see more sideways before resuming up. An even bigger pullback is also possible of course. Daily chart indicating that this pullback is now in its 2nd leg down. The 2nd leg doesn't have to go lower than the preceding low (Triangle?)... but we'll see. Not trading advice.
Long
by thedailychartist
ICXUSDT breakout setup still in play?Very weak breakout followed by a move back into consolidation range so this was a no go. But fakeouts like these can sometimes follow through on the original breakout premise with a vengeance. So yes, I think this is still in play. But I think it's better to wait for a strong signal before entering. Specifically, I'm waiting for the current candle to close near its high with decent volume. Market might leave me behind but that's okay. There will be other opportunities to buy this if a bull run materializes (e.g. look for a buy above 0.53... etc.)
by thedailychartist
8
GBPNZD key resistance 1.91 holding so far...Previously mentioned the 1.91 level as a breakout confirmation level (weekly closing basis) and seems to be holding so far despite repeated bullish reversal attempts. This pair is a thick market (i.e. lotsa overlaps between candles/bars) and anyone trading this needs to be (mentally) prepared for it. That said, we will not want to see that 1.91 level tested again as that would indicate we may be in a trading range rather than a bear trend. If you were not shaken out by that pullback and held on to the breakout premise, you may see the price lower soon. But we are not out of the woods yet and need that bearish follow through. First target for this is breakout is 1.83 but I do see at least one support level that we need to watch out for.
Short
by thedailychartist