ADA has formed a clear uptrend and could eventually break out of the consolidation zone. A good entry point would be as follows (near the uptrend line). The stop loss would be placed slightly below the last key area and slightly below the last candlestick. The trade setup is looking like a 4/5.
As GBPJPY recently broke out of a downtrend line, it may be looking to retest it and may form a higher low over at the zone and the downtrend line (turned support). When this setup does happen, we would be looking to go long on GBPJPY.
LINK recently broke out of a downtrend line and a descending triangle pattern and would most likely continue the rally up to the distance of the triangle before the breakout. This presents us with a good risk to reward ratio. Trade setup is looking like a 4/5.
BNB appears to be breaking out of the area of consolidation and would bounce upwards rapidly as seen with the last time when BNB broke out of an area of consolidation. Our trading plan would be to go long BNB upon close/breakout of the area.
XRP has consolidated within a symmetrical triangle and is primed for breakout any moment now. Be prepared for breakout and the retest before entering the long/short position.
LINK has broken out of a symmetrical triangle and would most likely continue its upward momentum if it closes above the triangle pattern. The price target would be the height of the triangle pattern as shown and the stop loss would be slightly below the previous bottom/low. Setup looking like a 4/5.
YFI broke out of a long downtrend and appears to have already started its rise to the previous area of resistance. RTR is good and traders could be looking to go long on YFI with the stop loss just below the immediate trend line and mini area of support. Trade setup looking like a 5/5.
USDJPY broke out of a 5/6 years strong downtrend line (green line) recently and is currently retesting the resistance line turned support. In addition, there is an uptrend line (blue line) supporting the advance. The area of confluence is a good entry point with a RTR of 1:4. Setup looks like a 5/5.
Uptrend line and an area of confluence with a strong candlestick reaction, looking like a 4/5 set up.
GBPJPY break up of the uptrend line and is currently retesting an area of support/resistance. We would be looking to short GBPJPY upon confirmation (candlestick reaction etc...). Setup looking like a 4/5.
Short as GBPUSD shows lower high and lower low after breaking out of an uptrend channel.
Short at confluence of the resistance area and downtrend line.