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Consolidation-breakout

EPS/USDT Update: EPS broke out of its consolidation triangleIntro: - EPS moved out of its consolidation triangle and retests upper resistance once more. Each time a resistance is tested it gets weaker and it would look reasonable if we break through this time. - Guys please give me some feedback to improve my charts, analysis and commentaries. Daily chart on the left hand side: - We saw a price consolidation into a very narrow range which now chose to follow the violet upwards trendline. - The RSI is hovering over the 50 line and it looks like gearing up for an upwards move. - The average trading volume is increasing and the next pump will likely be even bigger. 4h chart on the right hand side: - Wee see a strong consolidation for the RSI with broader lines than last time. - There is a golden cross from the 50 and 200MA indicated by the yellow camera. Expectation: - We expect a parabolic recovery which is also driven by the use case of Ellipsis (Trading stable coins for low slippage). - Once we break through 0.95$ there is like no resistance until 1.5$ - If price follows the trading volume we expect ellipsis to recover nicely. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone . Check the description.
ELong
by tumbler55
3
Nat. Gas: A potential 6-7% up move!Natural Gas might have broken out of its down trend with a H&S at the turn of the year. As usual, there's always a pullback but since April, it has rallied till today. Multiple consolidation pattern can be observed from the 4H chart, and this last consolidation pattern might be its last burst up before hitting a resistance drawn from the Weekly chart. Depending on your entry, a 2:1 R/R ratio isn't all that bad. Might be better if the bulls decided to push it beyond the 1st resistance line to the top. Trade cautiously! Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations. If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
NYMEX:NG1!Long
by leslieyimsm
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
NETFLIX (NFLX): Can Fall Out Of The Consolidation NowTraders, Netflix has been running inside a consolidation range for a long time now and the close of this month can give us a good indication on the downward breakout of this consolidation. Expected targets based on FCP analysis are on the chart. Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. ✅ Follow me for future ideas, trade set ups and the updates of this analysis ✅ Don't hesitate to share your ideas, comments, opinions and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
NASDAQ:NFLXShort
by vikinsa
4
BTC Business End of Descending TriangleContinuation of previous chart (see BTC Calm Before the Storm as linked below). Survived and bounced strongly out of dump to $29k. Pushing out of "fake breakout" trendline. Additional push out of dotted blue line trendline just above (boss fakeout parallel to triangle upper boundary) would serve as a proper breakout IMHO. Wouldn't be surprised by (another) last gasp spike dump prior to pushing up and out. MACD continuing to rollover on 3D through Weekly timeframes towards the upside. Volume still light, keeping a close eye over next couple weeks. Date and and price range indicators from similar section of 2017 cycle included as reference. Not financial advice!
BITSTAMP:BTCUSDLong
by SBL2022
Micron internals improvingTechnical Analysis From the beginning of May, MU has been kept in a range; however: RSI has been making higher lows where price has been retreating at the same support level. OBV is confirming the uptrend in volume within the consolidation range. These two bullet points support a bullish case for MU. Trade analysis I expect MU will try to test the roof of the consolidation range at $85.5 approximately; after, a re-test of the 50sma as support could signal a potential buy.
NASDAQ:MU
by dorfmanmaster
2
BITCOIN - A Boring WeekHello everyone, rouzwelt here This post is just a quick follow-up of my last post about Bitcoin, nothing has changed, all the technicals mentioned in the last post are still valid. We don't yet see any clear direction in the chart, in fact this week has been a boring week already, just sideways move without much volatility. I personally thought that the break down would happen earlier, but we have not yet seen it and we need to wait until that happens. Bulls are trying hard to keep the channel valid but they are coming short to bring the price back up to last impulse move up as we're going ahead. The volume of each impulse is actually lower than the last which is indicating the exhaustion of buyers. But sellers are not doing much, they're not putting that much effort either. But this can change anytime and BTC may start its next definitive move soon, either up or down. This week's Bitcoin's boring price action has made some room for Alts to grow and regain some the lost levels, but my opinion is that it all can be fake out, because while these alts are rising, I believe that bitcoin price action and volume is indicating a break down, so when BTC dumps, these rising alt will dump even more and haunt all those who gone long in this short uprise. So my suggestion is to be really careful if you plan on going long in any alts at this moment. So right now my plan is still in its place, nothing has happened in the chart to consider any change of plan, I still find the market weak and lacking enough demand, and I still think a short trade is more logical with all the data we have, I'm going to enter on my short trade as I mentioned in my last post if all the conditions said were meet. (Link: ) We still should wait and see whether buyers manage to hold the channel or not, cause price is still sitting near the lower side, so a break-out is may happen anytime. I'm only going to speculate on long position in case we see more demand coming in at these levels. If you find this post useful then consider hitting the like button and comment if you have any opinion about my post, I'd appreciate it a lot. And as always have fun and trade safe.
by rouzwelt
4
Amazon technical target --> $5000Amazon has been consolidating for almost 10 months. Today's news of a big beat on earnings and guidance has taken us to the top of the consolidation range. It is a classic move for stocks that have been consolidating for a long time, to make a strong move upward before consolidating again. Making a measured move from the last time it did this, we get a potential target around $5000 in a 4-5 months time-frame. To avoid a failed breakout, I would keep on eye on the MACD trend, which has turned positive, but should continue to rise to confirm the move up.
NASDAQ:AMZNLong
by dorfmanmaster
2
Will #BITCOIN retest 41k july 5th through 11th?? Let's Find Out!Before I proceed, check my previous Daily Post on Bitcoin to have an Overview of what we are working ON. on 4H we have seen a valid Trend-Line with Break-Out, I am a FAN of Consolidation Break-Out at Resistance and Support Zones. This Break-Out are important part of my STRATEGY. Okay, back to the chart, we have seen a break-out of the Downtrend and a retest of the Trendline. Consolidation occurred with a STRONG Bullish candle break-out, we're currently looking forward to the break out of the Resistance Zone to LONG towards upper channel Trendline acting as Resistance and then a retest ( Retest doesn't have to occur and if it occurs, it doesn't matter if it retest the Zone ). A valid Bullish Engulfing towards the Zone after the upper trendline acting as Resistance is completed gives us a CONTINUATION as illustrated with the LINES.
Long
by MII1502
KOSSAN - Pre Consolidation breakoutTHIS IS NOT AN INVESTMENT ADVICE. TRADE CALLS ARE NOT PROVIDED. INFORMATION SHOWN ARE FOR TECHNICAL ANALYSIS PURPOSE. DISCLAIMER Please consider your own interpretation of Opportunity & Risk. The author of this post strictly follows the Malaysian Security Commission ( SC ) Guidelines on the prohibition of Investment Advice by unlicensed parties. Any examples shall use historical charts without any recommendations and not to cause inducement to the public to take action or position (e.g. buy, sell or hold) regarding a particular class, sector, or instrument in relation to securities or derivatives. The author will never provide any investment or trading advice as the activity of giving investment advice is likely to be considered as a regulated activity under the Capital Markets and Services Act 2007 ( CMSA ). All posts made in Tradingview do not include any communications involving providing recommendations or opinions or includes any material, content or any statement which are likely to induce a person to take any action or position (e.g. buy, sell or hold) regarding a particular class, sector, or instrument in relation to securities or derivatives that is likely to be considered as “advising others concerning securities or derivatives”. The author will not recklessly make any statement, promise or forecast that is misleading, false or deceptive to induce or attempt to induce another person to deal in securities or derivatives. None of information posted in post can be used as investment decisions. Do not trade solely on the information posted. Trade at your own risk and judgement. A trader could potentially lose all money. Only risk capital that can be lost without jeopardizing ones financial security of lifestyle. Please seek licensed professional guidance if you plan to invest your capital seriously.
MYX:KOSSANLong
by DrArifMokhtar
PRG - Pre Consolidation BreakoutTHIS IS NOT AN INVESTMENT ADVICE. TRADE CALLS ARE NOT PROVIDED. INFORMATION SHOWN ARE FOR TECHNICAL ANALYSIS PURPOSE. DISCLAIMER Please consider your own interpretation of Opportunity & Risk. The author of this post strictly follows the Malaysian Security Commission ( SC ) Guidelines on the prohibition of Investment Advice by unlicensed parties. Any examples shall use historical charts without any recommendations and not to cause inducement to the public to take action or position (e.g. buy, sell or hold) regarding a particular class, sector, or instrument in relation to securities or derivatives. The author will never provide any investment or trading advice as the activity of giving investment advice is likely to be considered as a regulated activity under the Capital Markets and Services Act 2007 ( CMSA ). All posts made in Tradingview do not include any communications involving providing recommendations or opinions or includes any material, content or any statement which are likely to induce a person to take any action or position (e.g. buy, sell or hold) regarding a particular class, sector, or instrument in relation to securities or derivatives that is likely to be considered as “advising others concerning securities or derivatives”. The author will not recklessly make any statement, promise or forecast that is misleading, false or deceptive to induce or attempt to induce another person to deal in securities or derivatives. None of information posted in post can be used as investment decisions. Do not trade solely on the information posted. Trade at your own risk and judgement. A trader could potentially lose all money. Only risk capital that can be lost without jeopardizing ones financial security of lifestyle. Please seek licensed professional guidance if you plan to invest your capital seriously.
MYX:PRGLong
by DrArifMokhtar
EL looking to break out of YTD consolidationGive or take EL has been consolidating since the beginning of 2021 and is now positioning itself for a nice break out. Before the official break out I do think it'll revisit the $308 to $310 area. Currently it's testing resistance and has decent volume as well. Looking at the weekly or even the monthly chart we can see a clear up trend. Final Notes: If you want to get in early, look for buying opportunities in the $308 to $310 range If you want to be more conservative wait for a break and close above $318.34 with decent volume.
NYSE:ELLong
by HaseebKhan_90