#breakout and retest confirmation

[signode-blog]

How to Trade the Breakout & Retest Pattern: Strategies That Work

Breakout and retest trading is one of the most reliable techniques in technical analysis. It allows traders to enter trades with confidence after confirming the breakout of a key support or resistance level. If executed correctly, it offers high probability entries, clear invalidation points, and strong risk-to-reward ratios. In this blog, we’ll break down everything you need to know about the…

[harinibw]

Dogecoin (DOGE) has dropped below the critical $0.12 support level, now trading at $0.1079 with a 24-hour volume of $949,738,368. Despite an 8.02% increase in the last 24 hours, it has fallen 12.65% over the past week. DOGE's market cap is $15.6 billion, with a supply of 140 billion DOGE.

After reversing from the $0.22 resistance mark, DOGE lost over 54% in three months, forming a descending triangle. Bears drove the price below $0.129, confirming a bearish breakout. Attempts by bulls to reclaim $0.129 failed at the 20 EMA, continuing the downtrend.

DOGE now approaches the $0.01-$0.096 support range, a crucial high liquidity zone for halting further declines. A reversal here could push DOGE to retest $0.11-$0.12. The RSI in the oversold territory hints at a potential bullish reversal. If support fails, DOGE may fall towards $0.08.

[originbull]

First few trades of '24

Tata Motors 5 min time frame:

The chart made a flag and gave a solid resistance trend line. The flag eventually had a breakout followed by a retest. The retest can be identified through the long downside wick along the trendline showing it as a zone of support and the buyers force being stronger than the sellers, which led to the price going up.

EUR/AUD 1 hour time frame:

The price had been trading in a range for quite a while and eventually broke out of the range. After getting a confirmation to enter through a retest as in the same manner above, i took the call and the price rocketed to the take profit mark set just below the liquidity zone.

CAD/JPY 5 min time frame:

The setup is practically the same as the one above, price was trading in a range, saw a breakout, confirmation to enter through a retest and the price shot up. XAU/USD 5 min time frame:

The price broke a resistance zone and came back down to give a retest, only before to - yup, you guessed it, rise and reach the take profit, and actually go way above the take profit zone.

[sepblogs1211]

Forex Market Insights: EUR/USD, GOLD, Silver & USD/JPY Analysis

Market Analysis

GOLD

GOLD prices fell to a low but rebounded towards the end of yesterday’s trading session. As of now, prices are continuing to report gains. In contrast, the U.S. economy is showing signs of a slowdown, with multiple data points suggesting contraction in the labor market. The MACD and RSI both indicate increasing bearish momentum, with the RSI approaching oversold territory. Meanwhile, the 200-day EMA is sloping downward, reinforcing the bearish bias. Given these factors, there is a strong probability that gold may resume its downtrend in the coming days. For detailed gold forecasts, visit Rich Smart FX.

SILVER

SILVER prices are currently reaching new lows, confirming a full transition to bearish price action. This shift is supported by consecutive bearish gains on the MACD and an RSI reading that indicates overbought conditions in the context of a downtrend—suggesting continued selling momentum. Prices are likely to be rejected at the 200-day EMA, which reinforces the case for further downside. Get updated silver analysis at Axel Private Market.

DXY (U.S. Dollar Index)

USD (U.S. Dollar) is showing strength, yet fundamental data continues to highlight weaknesses in the U.S. economy:

JOLTS job openings dropped to 7.19M (vs. 7.49M expected)

ADP Non-Farm Employment fell to 62K from last month’s 147K

Advance GDP showed a decline of -0.3%

Core PCE Price Index remained flat at 0%

Unemployment claims rose to 241K (vs. 224K expected)

Employment Cost Index was unchanged

Manufacturing PMI grew to 48.7 (still below last month’s 49)

Construction spending declined

Vehicle sales rose above expectations but remained below last month’s figure

These indicators collectively paint a picture of a slowing economy. While the dollar maintains short-term strength, this data significantly raises the odds of an upcoming Fed rate cut. All eyes will be on Friday’s NFP report, which could heavily influence future Fed policy and the dollar’s direction. For further economic insights, visit DBGM FX.

GBP/USD

GBP/USD (The Pound) has turned decisively bearish, with price action breaching the 200-day EMA and breaking below prior support. The MACD reflects steady bearish strength, and the RSI also signals growing downside momentum. While prices may revisit the EMA200 for a short-term retest, the broader expectation is for continued selling pressure. Explore more at GFS Markets.

AUD/USD

AUD/USD (The Aussie Dollar) remains in a consolidation phase, awaiting clearer developments on both economic data and trade relations between the U.S. and China. Current price action respects the broader bullish structure, and the Aussie stands to benefit from improved trade sentiment. Until a clear breakout from the consolidation zone occurs, we maintain a neutral stance on direction. For updates, check TopMax Global.

NZD/USD

NZD/USD (The Kiwi) has been in a bearish trend, but is currently holding above the 200-day EMA and the key support level at 0.58984. A decisive break in either direction is needed before committing to a trade bias. That said, bearish setups remain favorable unless support levels are convincingly held. View market signals at WorldQuest FX.

EUR/USD

EUR/USD (The Euro) is seeing increased bearish momentum, confirmed by volume and movement in both MACD and RSI. A clean break below the lower boundary of the current consolidation zone would likely open the door for further downside. This remains a strong possibility under current conditions. Track changes with Rich Smart Net.

USD/JPY

USD/JPY (The Yen) is cooling off as the dollar finds renewed strength. Despite growing expectations that the Bank of Japan may raise rates, market sentiment is currently favoring the dollar, buoyed by easing trade tensions across Asia. This regional optimism adds further support to the greenback’s momentum. Stay ahead with Axel Private Market.

USD/CHF

USD/CHF (The Franc) is weakening, though price action remains choppy as it edges higher. The key resistance at 0.833313 continues to cap upward movement. Should price fail to break above this level, a phase of consolidation may persist. That said, the broader bias remains bullish as long as prices stay above key moving averages. Visit DBGM FX for trend direction.

USD/CAD

USD/CAD (The Loonie) remains range-bound, showing signs of consolidation. Technicals suggest a lack of directional clarity at this stage. We advise holding off on any directional bias until a clean breakout materializes. Deeper breakdowns available on GFS Markets.

COT Reports Analysis

AUD - WEAK (5/5) GBP - STRONG (5/5) CAD - STRONG (1/5) EUR - WEAK (1/5) JPY - STRONG (5/5) CHF - WEAK (2/5) USD - MIXED NZD - STRONG (1/5) GOLD - STRONG (2/5) SILVER - STRONG (3/5)

Final Thoughts

The market continues to show mixed signals as both commodities and currencies experience fluctuations. Gold and silver are facing bearish pressure, while the U.S. Dollar remains strong despite signs of a slowing economy. Currency pairs like GBP/USD and EUR/USD are also showing downside momentum, while others like AUD/USD and USD/JPY are in a more neutral consolidation phase. As we move into the week, it is crucial to monitor the upcoming economic reports, especially the NFP data, which could significantly influence market direction. Traders should stay agile, as the current data can easily shift the momentum in the forex market. For complete coverage and actionable insights, check TopMax Global.

[thedailydecrypt]

Ethereum: The Underdog That Could Still Lead the Next Crypto Rally

The world outside crypto looks like a slow-motion train wreck right now. Trade wars. Recession alarms. Sentiment at rock-bottom. And yet, Ethereum — bloodied but unbowed after its worst quarterly performance since 2018 — is showing its first real signs of life.

Here’s the thing: most people are looking at Ethereum and seeing damage. Smart investors are looking and seeing opportunity.

Let's not sugarcoat it. Ethereum had a brutal Q1 2025. Down nearly 44%. $1.5 billion hacked from Bybit. Pectra upgrade delays. ETH ETF outflows. It’s been one hit after another. And compared to Bitcoin’s relatively mild 10% dip, Ethereum looked weak, fragile — even outdated to some.

But history doesn’t reward the safe, it rewards the resilient. And Ethereum's resilience is exactly why I'm betting on it leading the next crypto recovery.

Ethereum's Bullish Structure: A Foundation, Not a Fluke

Ethereum’s price action over the past week isn't just noise — it’s a meaningful signal.

Top analyst Daan highlights that ETH has reclaimed its local range against Bitcoin, pulling a wave of altcoins higher along with it. That’s not just "good vibes" — that’s classic early-stage rotation behavior. In crypto, Bitcoin moves first, Ethereum follows, and then the altcoin herd stampedes. We’re in phase two.

Price is currently holding above the 4-hour 200 MA and EMA — key technical levels that often separate flash-in-the-pan rallies from real, sustained trend shifts. As of today, ETH trades around $1,800, flirting with the critical $1,850 resistance. A close above that level could ignite a powerful altcoin season — something the market hasn’t seen since late 2023.

The technicals are whispering: accumulation is happening. The fundamentals are shouting: the worst may be behind us.

Fear Is High, But So Is the Risk/Reward

CoinMarketCap’s latest research confirms the setup: extreme fear dominates the market. Their Fear & Greed Index hit a low of 15 in March — a level not seen since the COVID crash of 2020.

Historically, Ethereum thrives when fear peaks. Q2 has been a historically strong quarter for ETH, with a median return of +15.29%.

Contrarians make their money when others are too scared to act.

We are at a pivotal psychological moment: the crowd is licking its wounds, while smart money is preparing for the next move.

The Bitcoin Effect: Ethereum’s Hidden Lever

Let’s be clear: Ethereum’s short-term fate still hinges partly on Bitcoin’s next big move.

Credible Crypto laid it out cleanly: if Bitcoin manages to confirm its breakout with another push above $95,000, Ethereum is poised to skyrocket. ETH has already shown an impulsive move off its $1,533 lows — if Bitcoin holds up, it’s likely we’ll never see sub-$1,500 ETH again in this cycle.

But there’s a catch: Bitcoin needs to maintain momentum. If BTC fails to seal its breakout and retraces below ~$89,000, expect turbulence. Ethereum could retest lower ranges ($1,725-$1,600) before the final push.

In simple terms: Bitcoin sets the tempo, but Ethereum could outperform in the dance that follows.

Why Ethereum Still Matters in 2025 — More Than Ever

There’s a dangerous narrative floating around right now: that Ethereum’s best days are behind it. That newer L1s and rollups will cannibalize it. That Solana’s speed or L2s like Base and zkSync will make Ethereum obsolete.

It’s lazy thinking.

Ethereum isn’t just a blockchain. It’s the infrastructure layer of Web3. DeFi, NFTs, tokenized RWAs, decentralized identity — they all still fundamentally depend on Ethereum’s security model, its settlement assurances, and, yes, its global liquidity.

The Layer-2 explosion (which is about to accelerate) benefits Ethereum more than it threatens it. Every successful L2 scaling solution — Optimism, Arbitrum, Base — settles back onto Ethereum’s base layer. More usage = more demand for ETH gas fees = more ETH burned = more value accrual for ETH holders.

Ethereum is not dead tech. It's foundational tech.

And the upcoming catalysts — pending ETH spot ETF flows, Ethereum Improvement Proposals (EIPs) aimed at fee reductions, and growing institutional experiments with tokenization — all favor Ethereum’s long-term dominance.

Ethereum Leads The Q2 Comeback

Here's the call: Ethereum will outperform Bitcoin in Q2 2025.

It won’t be easy. The macroeconomic headwinds are real. Trade wars and shaky global growth will keep risk appetite low. But that’s precisely why Ethereum’s next move will catch most off guard.

I’m looking for:

A decisive ETH close above $1,850 this week.

A monthly close above $1,870.

An altcoin rally led by ETH/BTC strength.

If we get it, we’re staring down a summer where Ethereum reasserts itself not just as a survivor, but as a leader.

And if you think you’ll have time to "wait for confirmation" before it moves? Think again. Crypto doesn’t reward the patient. It rewards the prepared.

Scar Tissue Builds Strength

Ethereum today is battle-tested. It’s survived multiple bear markets, a regulatory onslaught, internal wars over scaling, and the relentless emergence of so-called "Ethereum killers."

It’s easy to bet against the battered. It’s harder — but smarter — to bet on the survivor.

Ethereum doesn’t need your belief. It will continue building with or without you.

But history has shown: those who bought despair, who bought when "ETH was dead," walked away with life-changing returns.

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Thank you for reading — and remember: fortune favors the bold.

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[primezone003]

Dogecoin Confirms Daily Trend Reversal With Breakout, Retest, And New Uptrend

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu…

[accapitalmarket]

Global Markets Update: Gold, Oil, and USD/THB Trends Lower

Financial markets have experienced significant volatility over the past week, influenced by shifting economic policies, geopolitical uncertainties, and fluctuating risk sentiment. Traders have been closely monitoring central bank decisions, particularly the Federal Reserve’s stance on interest rates, as well as broader macroeconomic developments that continue to shape market direction. Gold, crude oil, and the U.S. dollar have been at the center of recent price action, reflecting both technical and fundamental drivers. While gold has struggled to sustain gains near key resistance levels, crude oil has witnessed a sharp decline as supply-demand concerns weigh on sentiment. The U.S. dollar remains a key focus, especially in emerging markets where shifting risk sentiment has driven currency fluctuations, including the Thai Baht.

The U.S. dollar has maintained strong momentum amid shifting rate expectations and economic data. As a safe-haven asset, its movement has influenced commodity prices and emerging market currencies. A stronger dollar tends to pressure gold and crude oil, while also impacting the performance of currencies like the Thai Baht. Upcoming inflation data and Federal Reserve commentary will be pivotal in shaping the next moves for the dollar, commodities, and emerging market currencies. All times mentioned in this report are in BST.

Gold (XAU/USD) Analysis

Gold prices have seen heightened volatility, reaching a high near $2051 before encountering resistance and pulling back. The rejection at this level led to a period of consolidation, with buyers stepping in around $2025–$2030 to establish short-term support. The formation of an upward trendline has helped stabilize price action, but gold remains at a pivotal level as traders weigh technical patterns against fundamental drivers.

XAUUSD H1

On the fundamental side, the Federal Reserve’s monetary policy outlook remains a key catalyst. Traders are closely watching the Fed’s future rate decisions, with any signs of a more dovish stance likely to support gold. Additionally, broader risk sentiment, ongoing geopolitical tensions, and movements in the U.S. dollar remain critical. A weaker dollar could provide renewed upside momentum, whereas continued USD strength may cap gold’s gains.

From a technical perspective, gold needs to hold above $2040 to sustain upward momentum and potentially retest $2051. A breakout beyond this level could pave the way for further upside. On the downside, $2025 serves as key short-term support, with a break below increasing the risk of a deeper retracement toward $2010–$2000.

CFTC data indicates strong speculative interest in gold, though a breakout above $2051 is needed to confirm bullish momentum. Looking ahead, traders should closely monitor macroeconomic data, particularly inflation reports, Federal Reserve commentary, and any shifts in risk appetite, as these will likely dictate gold’s next move.

Crude Oil (WTI) Analysis

Crude oil prices have experienced a sharp decline, reversing from a peak near $72.80 and entering a steep downtrend. The chart highlights a clear downtrend line, with prices repeatedly failing to break above resistance before accelerating downward. Currently trading around $70.30, oil has broken multiple support levels, and increased selling pressure, as indicated by rising volume, suggests that bearish sentiment is in control.

USOILRoll H1

The selloff may be attributed to a combination of fundamental and technical factors. On the macroeconomic front, concerns over slowing global demand and uncertainty regarding OPEC+ production policies have weighed on crude prices. Additionally, the stronger U.S. dollar has placed further pressure on oil, making it more expensive for foreign buyers. China’s crude demand remains uncertain, with mixed economic signals on industrial output adding to market caution. Any slowdown in demand from the world’s largest importer could exert further downside pressure on prices.

From a technical standpoint, the failure to hold above the $71.50–$72.00 zone triggered an increase in selling, leading to further downside momentum. For key levels to watch, $71.50–$72.00 now acts as resistance, as it aligns with the trendline and represents the previous breakdown area. On the downside, $70.00 serves as a psychological support level, with a further decline potentially opening the door to $69.50 as the next downside target. If the price stabilizes near $70.00, a relief bounce could occur, but continued weakness may signal further declines.

Fundamental catalysts, including U.S. inventory reports, OPEC+ production outlooks, and global economic data, will remain crucial for crude oil’s trajectory. Traders should remain cautious and assess macroeconomic indicators alongside technical signals to navigate potential price movements.

USD/THB Analysis

The USD/THB pair has exhibited significant volatility in recent sessions, with a sharp reversal from its high of 36.73 leading to an extended decline toward the 35.50 region. The chart highlights a clear rejection at the recent peak, followed by sustained selling pressure, which suggests that traders have been capitalizing on the dollar’s earlier strength by taking profits. Despite some stabilization, the broader trend remains uncertain as both fundamental and technical factors continue to influence price action.

USDTHB H1

One key driver behind the Thai Baht’s recent resilience has been improving sentiment in emerging markets. With risk appetite fluctuating, investors may be positioning themselves in Asian currencies amid expectations of steadier regional economic growth. Thailand’s trade performance, particularly its export sector, also plays a crucial role in determining the Baht’s strength. A strong recovery in tourism, a key pillar of Thailand’s economy, could provide further support for the currency in the medium term.

The Thai Baht, along with other Asian currencies, has strengthened due to shifting investor sentiment toward emerging markets. However, any resurgence in U.S. rate hike expectations could challenge this trend.

On the U.S. side, the dollar’s performance remains highly dependent on Federal Reserve policy expectations. While the Fed has maintained a cautious approach, any shifts in inflation data or labor market conditions could influence the dollar’s direction. A more hawkish stance from the Fed would likely drive USD/THB higher, while softer inflation data could lead to further dollar weakness.

From a technical perspective, 36.73 remains a key resistance level, marking the recent high before the strong reversal. A breakout above this level could indicate renewed bullish momentum, with potential upside toward 37.00. On the downside, 35.50 is acting as an important support zone, and a confirmed breakdown below this level could expose the pair to further losses, potentially targeting 35.30 or even lower.

Key Technical Levels to Watch and Forward-Looking Considerations

Gold, crude oil, and USD/THB are at key technical levels, with upcoming macroeconomic events likely to determine their next moves.

· Gold (XAU/USD): $2051 remains a significant resistance level. A sustained breakout above this level could pave the way for further upside. On the downside, $2025 serves as an important support zone, with a break below increasing the risk of a decline toward $2010–$2000.

· Crude Oil (WTI): $71.50–$72.00 is a critical resistance zone, while $70.00 remains key support. If breached, the next downside target is $69.50.

· USD/THB: 36.73 acts as a key resistance level, while 35.50 serves as important support. A break lower could signal further downside toward 35.30.

With volatility persisting, traders should stay focused on upcoming macroeconomic releases, Federal Reserve policy expectations, and broader geopolitical developments. Risk management remains crucial in positioning for the next major market move.

Disclaimer:

The information contained in this market commentary is of general nature only and does not take into account your objectives, financial situation or needs. You are strongly recommended to seek independent financial advice before making any investment decisions.

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The content of this market commentary is owned by AC Capital Market (V) Ltd. Any illegal reproduction of this content will result in immediate legal action.

[coineagle]

New record low for Bitcoin’s realized volatility – What’s the future?

Key Points

Bitcoin’s one-week realized volatility has dropped to 23.42%, nearing historical lows.

This low volatility has historically indicated significant market moves, often leading to breakouts.

Bitcoin’s one-week realized volatility has decreased to 23.42%, nearing its historical lows. Over the past four years, this level has only been breached a few times, specifically in October 2024 and November 2023.

These instances of low volatility have often been a precursor to major market moves, making it a significant metric to monitor.

Bitcoin’s Volatility Compression

The realized volatility chart shows a steady decline in Bitcoin’s volatility since late 2024. The current reading is around the 23% zone.

Sharp decreases in volatility have historically led to significant price swings, often setting the stage for breakouts. When volatility is suppressed, it tends to build up pressure in the market, leading to strong moves in either direction. This is particularly true when Bitcoin is trading near key technical levels.

Bitcoin’s Current Market Trends

Bitcoin’s current trading price is $96,450, showing a slight increase from its previous levels. However, Bitcoin is struggling to stay above its 50-day moving average of $98,186, but it remains above the 200-day moving average of $97,764.

The Bollinger Bands are tightening, indicating a possible price move. The Choppiness Index is at 48.53, suggesting that the market is not in a strong trending phase but is nearing the end of its consolidation period.

With realized volatility nearing historical lows, the market may be gearing up for a decisive move. If Bitcoin maintains support around the $96,000 – $97,000 range, a breakout above $98,500 could trigger further upward momentum. Conversely, if Bitcoin fails to sustain its current levels, it may retest support around $94,000 before any significant recovery.

Investors and traders should look out for signals of volatility expansion, such as widening Bollinger Bands and increased trading volume, to confirm the direction of the next significant move.

[blockinsider]

Bitcoin Plummets Under $97,000, Triggering Liquidation of 105K Traders: ADA, AI Tokens Skyrocket

Key Points

Over 110K traders were liquidated as Bitcoin dropped below $97,000, wiping off around $182 million.

AI tokens AI16Z and ARC, and ADA saw significant gains amid massive whale purchases.

In the last 24 hours, more than 110,000 traders faced liquidation as Bitcoin’s price fell below $97,000. This resulted in approximately $182 million being wiped off. The 20-day EMA, currently at $98,800, is posing resistance for Bitcoin. AI tokens AI16Z and ARC experienced substantial growth in the same period due to large whale purchases.

Bitcoin, the market leader in digital currency, lost the $97,000 price mark following a 1.15% price drop in the last 24 hours. Despite efforts by bulls to push above the $100,000 resistance, bears brought the price down to $96,000, a level that is barely holding on. Amid this uncertainty, over 110,923 traders were liquidated in the past day.

Liquidation Data

According to data from Coinglass, a significant $182.34 million was wiped off from the digital asset space in the past 24 hours. This includes $105.61 million in longs and $77.01 million in shorts. The largest liquidation event of $1.97 million occurred on Bybit, a leading exchange, for the BTCUSDT pair. It is conceivable that Bitcoin could retest lower levels before attempting a breakout above $100,000.

The Coinglass Liquidation Map confirms that if Bitcoin turns bullish and claims the $99,100 price level, an astonishing $1.25 billion in BTC shorts will be wiped off from the digital asset space. If the $100,000 price level is reclaimed, it would result in $1.80 billion worth of short liquidations for Bitcoin.

The 20-day Exponential Moving Average (EMA) is currently presenting a significant resistance for the Bitcoin price action. The 20-day EMA stands at 98,800, and reclaiming this level with substantial volumes could lead to a bullish reversal for BTC.

ADA, AI Tokens Gain Amid Bitcoin Dip

While Bitcoin’s price action remained uncertain, the altcoin sector turned bullish. ADA skyrocketed 9.73% in the last 24 hours and is currently trading at $0.7699, according to CoinMarketCap data. This price surge is the result of digital asset management firm Grayscale including ADA in the exchange-traded fund (ETF) race.

On the other hand, artificial intelligence tokens, including Bittensor, also turned bullish with a 5% increase in the past day. Kaspa also jumped about 5%, AI Rig Complex (ARC) soared more than 41%, and ai16z shot up close to 30% in the past 24 hours. The price surge of ARC and ai16z was due to a new whale, “8u6u3,��� purchasing 12.511 million ARC and 6.508 million AI16Z tokens.

Destra Network (DSYNC) and Qubic (QUBIC) also turned bullish, shooting up around 7% and 9%, respectively. The total market cap of the AI sector stood at a monumental $34.73 billion but is expected to grow further.

[cryptogirl2024]

Binance Coin (BNB) displays bullish potential, with a key support level at $660 likely confirming a recent breakout. The ascending triangle pattern, identified by analyst Charting Guy, suggests a possible upward trend continuation. BNB previously broke above $660, reaching a high of $717 before a pullback, typical as traders secure profits and the market retests the new support.

Now trading near $615, down 4.79% in the last 24 hours with a volume of $3.3 billion, BNB's retracement to $660 could signal a buying opportunity if this level holds. If not, the next support is around $600. This triangle pattern's overall upward trend hints at sustained bullish sentiment for BNB.

[signode-blog]

Trading Strategies for the Broadening Top Pattern

Understanding the Broadening Top Pattern The Broadening Top Pattern, also referred to as the megaphone pattern, is a classic chart formation that signifies increasing volatility and indecision in the market. This pattern is characterized by a series of higher highs and lower lows, creating a structure that resembles an expanding triangle or a megaphone. Traders often observe this formation…

[stockmarketanalysis]

Mastering Breakout Trading Strategies: A Comprehensive Guide

Breakout trading is a popular strategy employed by traders across various financial markets, from stocks and currencies to commodities and cryptocurrencies. The essence of breakout trading lies in capturing significant price movements that occur when an asset's price breaks out of a predefined range or pattern. In this comprehensive guide, we delve into the intricacies of breakout trading, exploring its principles, techniques, and practical applications for traders seeking to capitalize on market volatility and momentum.

Understanding Breakout Trading

Breakout trading revolves around the concept of identifying key levels of support and resistance, beyond which price tends to accelerate in a particular direction. These levels can manifest in various forms, including horizontal support/resistance lines, trendlines, chart patterns (such as triangles, rectangles, and wedges), or volatility-based indicators like Bollinger Bands. When prices break above resistance or below support, it signals a potential shift in market sentiment, triggering a surge in buying or selling activity.

Principles of Breakout Trading

Identification of Breakout Levels: The first step in breakout trading is identifying potential breakout levels based on historical price data and technical analysis. Traders look for areas where price has repeatedly failed to breach resistance or support levels, indicating the presence of significant buying or selling pressure.

Confirmation Signals: Breakout traders often wait for confirmation before entering positions. This confirmation can come in the form of a strong candlestick close above resistance or below support, accompanied by high trading volume, indicating conviction among market participants.

Risk Management: Effective risk management is crucial in breakout trading to mitigate potential losses. Traders typically place stop-loss orders below support or above resistance levels to limit downside risk in case of a false breakout.

Target Setting: Breakout traders set profit targets based on the magnitude of the breakout and the potential for further price movement. Some traders use technical analysis tools like Fibonacci retracements or extensions to identify potential price targets.

Types of Breakouts

Breakouts can be classified into several types based on the nature of the price movement and the underlying market conditions:

Continuation Breakouts: These occur within the context of an existing trend and signify a resumption of the prevailing trend. Traders look for price to break out in the direction of the trend, confirming its strength and momentum.

Reversal Breakouts: Reversal breakouts occur when price breaks out of a consolidation phase or a reversal pattern, signaling a potential reversal in trend direction. Traders anticipate a change in market sentiment and position themselves accordingly.

Volatility Breakouts: Volatility breakouts occur when price breaks out of a period of low volatility, indicating a potential expansion in price movement. Traders capitalize on increased volatility to capture short-term price swings.

Breakout Trading Strategies

Traders employ various strategies to capitalize on breakout opportunities, depending on their trading style, risk tolerance, and market conditions. Here are some common breakout trading strategies:

Classic Breakout Strategy: This strategy involves entering positions when price breaks out above resistance or below support levels. Traders wait for confirmation and then enter long or short positions, with stop-loss orders placed to manage risk.

Pullback Breakout Strategy: In this strategy, traders wait for a pullback or retracement after a breakout before entering positions. The pullback provides an opportunity to enter at a better price, with tighter stop-loss levels.

Breakout Retest Strategy: Traders wait for price to break out of a key level and then retest the breakout level as support or resistance. They enter positions on the retest, with stop-loss orders placed below support or above resistance.

Breakout with Volume Strategy: This strategy involves monitoring trading volume to confirm the validity of breakouts. Traders look for breakouts accompanied by above-average volume, indicating strong buying or selling interest.

Real-World Examples

To illustrate breakout trading in action, let's consider a couple of real-world examples:

Stock ABC: After consolidating in a tight range for several weeks, Stock ABC breaks out above resistance with a strong bullish candle and high trading volume. Traders who enter long positions on the breakout capitalize on the subsequent uptrend.

Currency Pair XYZ: In a downtrending currency pair XYZ, price breaks below a key support level with a sharp bearish candle and increased trading volume. Traders who enter short positions on the breakout profit from the continuation of the downtrend.

Conclusion

Breakout trading is a versatile strategy that allows traders to capitalize on significant price movements in the market. By identifying key levels of support and resistance and waiting for confirmation signals, breakout traders can position themselves to profit from market volatility and momentum. However, breakout trading is not without risks, and false breakouts can lead to losses if proper risk management techniques are not employed. With a deep understanding of breakout trading principles, strategies, and risk management techniques, traders can enhance their trading proficiency and achieve their financial goals in the dynamic world of financial markets.

[sepblogs1211]

Gold Drops as USD Awaits Data – Market Trends & Analysis

Market Analysis

GOLD

Gold prices have dropped lower, testing the previous higher low zone. The MACD is showing increased selling volume, while the RSI reflects the same bearish sentiment. This indicates that markets could continue to push lower, as traders wait for the upcoming U.S. economic data release.

Despite the current decline, overall price action remains bullish. If the data suggests further USD strength, gold may face additional downward pressure. However, if the dollar weakens, gold could quickly rebound.

SILVER

Silver prices are consolidating but show a higher probability of moving lower in the coming days. The MACD is increasing in selling volume, and the RSI signals growing bearish momentum.

Further selling pressure is expected, but confirmation is needed before taking a firm position. Price action forecasting suggests waiting for a decisive break before committing to either direction.

DXY (US Dollar Index)

The USD trading dynamics remain consolidated, with no clear directional movement as traders await key economic data releases.

Currently, MACD shows increasing buying volume, but price action remains stagnant. This divergence suggests that forex liquidity remains low, and the market is not yet convinced of a strong rally. The RSI remains muted, confirming a lack of strong momentum.

Until a breakout occurs, the dollar remains in a neutral position, awaiting fundamental catalysts.

GBPUSD

The British pound has seen reduced volatility and remains undecided in its next movement.

The MACD indicates rising selling pressure, while the RSI also signals a bearish trend. Recent price action dipped below a key structure, increasing the chances of further declines. However, the overall GBP trading dynamics remain bullish as long as the market holds above support levels.

AUDUSD

The Australian dollar is experiencing increased selling pressure, confirmed by both the RSI and MACD.

If price drops below the current support zone, selling will likely accelerate, reinforcing USD strength. The upcoming U.S. data releases will play a major role in determining whether the Aussie will continue declining or regain bullish momentum.

NZDUSD

The New Zealand dollar remains above the key EMA200 level, but selling pressure is increasing.

Both the RSI and MACD suggest bearish movement, which could drive the Kiwi lower before any potential rebound. If the EMA200 holds, NZD may remain in consolidation, awaiting further direction from market events.

EURUSD

The Euro remains trapped between key market levels, lacking clear movement in either direction.

The market is currently waiting for a breakout, making previous analysis unchanged. Until a decisive move occurs, the pair remains neutral, with forex volatility and spreads playing a significant role.

USDJPY

The yen has reached a new low, but selling momentum has slowed.

The MACD remains elevated despite the falling price, indicating divergence and a possible continuation of the bearish trend. The RSI remains high, confirming selling pressure. This suggests that more downside potential exists, making further selling opportunities attractive as USD trading dynamics continue to evolve.

USDCHF

The Swiss franc remains below key resistance levels, consolidating before the next move.

While MACD and RSI are both showing volume growth, their movements remain minimal, indicating a lack of clear trend direction. The market is likely to retest the EMA200 before a potential drop. Until a breakout occurs, patience is required in this forex trading scenario.

USDCAD

The Canadian dollar is stuck in a large consolidation phase, driven by ongoing trade tensions between the U.S. and Canada.

The MACD is increasing in volume, but it is on the verge of a bearish crossover. Meanwhile, the RSI suggests continued buying pressure. Currently, there are more signs of a bullish continuation rather than a decline, but a clear breakout is needed before confirming the trend.

COT Reports Analysis

Currency

Strength Rating (Out of 5)

AUD

WEAK (5/5)

GBP

STRONG (5/5)

CAD

WEAK (5/5)

EUR

WEAK (1/5)

JPY

STRONG (5/5)

CHF

WEAK (3/5)

USD

STRONG (4/5)

NZD

WEAK (5/5)

GOLD

STRONG (3/5)

SILVER

STRONG (4/5)

Final Thoughts

The USD trading dynamics remain uncertain, as key economic data this week will determine future movements. Gold and silver prices are facing short-term declines, while major and minor currency pairs remain in a consolidation phase.

Traders should closely monitor upcoming data releases, as they will dictate the next forex volatility and spreads across the market.

[market-news-24]

Ethereum, one of the leading cryptocurrencies, has recently reached the significant milestone of $3,000. Many in the crypto community are now wondering if this surge is just the beginning of an even bigger breakout. Is Ethereum on the verge of shattering previous records, or could we see a pullback in the near future? Stay tuned as we explore the factors driving this digital currency's rise and what it could mean for investors. Click to Claim Latest Airdrop for FREE Claim in 15 seconds Scroll Down to End of This Post const downloadBtn = document.getElementById('download-btn'); const timerBtn = document.getElementById('timer-btn'); const downloadLinkBtn = document.getElementById('download-link-btn'); downloadBtn.addEventListener('click', () => downloadBtn.style.display = 'none'; timerBtn.style.display = 'block'; let timeLeft = 15; const timerInterval = setInterval(() => if (timeLeft === 0) clearInterval(timerInterval); timerBtn.style.display = 'none'; downloadLinkBtn.style.display = 'inline-block'; // Add your download functionality here console.log('Download started!'); else timerBtn.textContent = `Claim in $timeLeft seconds`; timeLeft--; , 1000); ); Win Up To 93% Of Your Trades With The World's #1 Most Profitable Trading Indicators [ad_1] 15h14 ▪ 3 min of reading ▪ by Fenelon L. Despite a recent correction, Ethereum (ETH) remains above the psychological threshold of $3,000. This resilience could signal an interesting bullish potential for the second-largest crypto in the Market. Let’s decipher the key levels to watch. Ethereum Consolidates Its Position Above $3,000 Over the past week, ETH has managed to stay consistently above the crucial support of $3,000. This performance underscores the dominance of the bulls in the Market. By trading above $3,050, Ethereum shows signs of a healthy correction. However, the recent weekly high reached at $3,144 faced a slight pullback when sellers intervened near $3,150. Currently, ETH is trading around $3,120, with immediate resistance located at $3,080. Additionally, a bearish trend line is visible on the ETH/USD hourly chart. However, a sustained move above this line could pave the way for a retest of the $3,150 level. Furthermore, a confirmed break above the $3,150 mark would give Ethereum the momentum needed to target higher price levels. The ability of buyers to remain strong at this key resistance level could inspire a bullish sentiment in the Market. The next major hurdle stands at $3,200. Beyond that, interest in ETH could intensify and propel its price towards $3,250. A clear breakout above $3,250 would open the way for a test of the $3,320 resistance. Supports to Watch Closely In the short term, the first notable support for Ethereum lies around $3,065. This level could contain a temporary decline. However, in case of a break, the next major support to consider is the psychological threshold at $3,000. If the latter were to give way, ETH could risk falling to $2,980. Failure at this stage would expose the crypto to a deeper correction towards $2,860. On the hourly chart, the MACD indicator is losing strength in positive territory, signaling a weakening of the bullish momentum and increasing selling pressure. Additionally, the RSI index below 50 reflects a Market under bearish pressure, raising concerns among investors. In summary, as analyzed in our latest article, Ethereum is still struggling to keep up with Bitcoin’s rapid pace. The imminent decision by the SEC regarding a spot Ethereum ETF keeps traders on edge. Despite long-term optimism, a rejection could trigger a short-term correction. Maximize your Cointribune experience with our 'Read to Earn' program! Earn points for each article you read and gain access to exclusive rewards. Sign up now and start accruing benefits. Click here to join 'Read to Earn' and turn your passion for crypto into rewards!

Fenelon L. Passionné par le Bitcoin, j'aime explorer les méandres de la blockchain et des cryptos et je partage mes découvertes avec la communauté. Mon rêve est de vivre dans un monde où la vie privée et la liberté financière sont garanties pour tous, et je crois fermement que Bitcoin est l'outil qui peut rendre cela possible. DISCLAIMER The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before making any investment decisions. function launch_facebook_pixel() !function(f,b,e,v,n,t,s) if(f.fbq)return;n=f.fbq=function()n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments); if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0'; n.queue=[];t=b.createElement(e);t.async=!0; t.src=v;s=b.getElementsByTagName(e)[0]; s.parentNode.insertBefore(t,s)(window,document,'script', 'https://connect.facebook.net/en_US/fbevents.js'); fbq('init', '399446674556272'); fbq('track', 'PageView'); function launch_google_analytics() function launch_linkedin_pixel() []; window._linkedin_data_partner_ids.push(_linkedin_partner_id); (function(l) if (!l)window.lintrk = function(a,b)window.lintrk.q.push([a,b]); window.lintrk.q=[] var s = document.getElementsByTagName('script')[0]; var b = document.createElement('script'); b.type="text/javascript";b.async = true; b.src="https://snap.licdn.com/li.lms-analytics/insight.min.js"; s.parentNode.insertBefore(b, s);)(window.lintrk); function launch_microsoft_clarity() if (typeof window.clarity !== 'undefined') window.clarity("consent"); function launch_loyalty_program_1world() if (typeof window.OWOStorageSolutionManager !== 'undefined' && typeof window.OWOStorageSolutionManager.allow !== 'undefined') window.OWOStorageSolutionManager.allow(); (function(w,d,s,l,i)w[l]=w[l]) (window,document,'script','dataLayer','GTM-KCC4DFK'); document.addEventListener('DOMContentLoaded', function() ); void 0 === window._axcb && (window._axcb = []); window._axcb.push((axeptio) => axeptio.on("cookies:complete", (choices) => if (choices.google_analytics) launch_google_analytics(); if (choices.facebook_pixel) launch_facebook_pixel(); if (choices.Linkedin) launch_linkedin_pixel(); if (choices.clarity) launch_microsoft_clarity(); if (choices.loyalty_program) launch_loyalty_program_1world(); else if (typeof window.OWOStorageSolutionManager !== 'undefined' && typeof window.OWOStorageSolutionManager.disable !== 'undefined') window.OWOStorageSolutionManager.disable(); ); ); window.axeptioSettings = clientId: '60df16cf7559213aac28972d', cookiesVersion: 'EN', googleConsentMode: default: [ analytics_storage: 'denied', ad_storage: 'denied', ad_user_data: 'denied', ad_personalization: 'denied', wait_for_update: 500, , region: ['US'], analytics_storage: 'granted', ad_storage: 'granted', ad_user_data: 'granted',

ad_personalization: 'granted', wait_for_update: 500, ] ; document.addEventListener('DOMContentLoaded', () => var el = document.createElement('script'); el.setAttribute('type', 'text/javascript'); el.setAttribute('async', true); el.setAttribute('src', 'https://loyalty-wleu.1worldonline.com/points-balance-widget.js'); document.body.append(el); if (typeof window.OWOStorageSolutionManager !== 'undefined' && typeof window.OWOStorageSolutionManager.disable !== 'undefined') window.OWOStorageSolutionManager.disable(); const urlParams = new URLSearchParams(window.location.search); if (urlParams.has('logged-out') && urlParams.get('logged-out') === '1') const checkFunctionExist = setInterval(() => if (typeof window.logout1WO === 'function') setTimeout(window.logout1WO, 500); clearInterval(checkFunctionExist); , 100); ); Win Up To 93% Of Your Trades With The World's #1 Most Profitable Trading Indicators [ad_2] What is Ethereum? Ethereum is a popular cryptocurrency and blockchain platform. People use it to build and run decentralized applications (apps) on the internet without needing a middleman. Why is Ethereum priced at $3,000? The price of Ethereum, like any cryptocurrency, can be influenced by various factors such as Market demand, investor sentiment, technological developments, and broader economic conditions. A price of $3,000 means there's high interest and demand for Ethereum. What does it mean when people say "a dam about to break" in the context of Ethereum? This phrase suggests that there is a lot of built-up pressure or potential in the Market that could cause a significant change. For Ethereum, it might mean a big price increase or a sudden Market shift could be on the horizon. Should I invest in Ethereum at $3,000? Investing in Ethereum, like any other cryptocurrency, comes with risks. It's important to do thorough research and consider your financial situation before making any investment decisions. Cryptocurrency markets can be very volatile. What could cause the price of Ethereum to change suddenly? Several factors could lead to sudden price changes in Ethereum, such as big news about technological advancements, regulatory news, major investments by large investors, or significant changes in Market demand and supply. Win Up To 93% Of Your Trades With The World's #1 Most Profitable Trading Indicators [ad_1] Win Up To 93% Of Your Trades With The World's #1 Most Profitable Trading Indicators Claim Airdrop now Searching FREE Airdrops 20 seconds Sorry There is No FREE Airdrops Available now. Please visit Later function claimAirdrop() document.getElementById('claim-button').style.display = 'none'; document.getElementById('timer-container').style.display = 'block'; let countdownTimer = 20; const countdownInterval = setInterval(function() document.getElementById('countdown').textContent = countdownTimer; countdownTimer--; if (countdownTimer < 0) clearInterval(countdownInterval); document.getElementById('timer-container').style.display = 'none'; document.getElementById('sorry-button').style.display = 'block'; , 1000);

[dragonflycap]

What to expect from the stock market this week

Last week, the review of the macro market indicators saw with just 2 trading days left in April, equity markets showed some resilience with a rebound from their first 5% or more pullbacks this year. Elsewhere looked for Gold ($GLD) to continue its uptrend while Crude Oil ($USO) paused in its move higher. The US Dollar Index ($DXY) continued to drift to the top of consolidation while US Treasuries ($TLT) resumed their downtrend. The Shanghai Composite ($ASHR) shifted into short term consolidation while Emerging Markets ($EEM) consolidated near the top of a broad range.

The Volatility Index ($VXX) looked to remain low making the path easier for equity markets to the upside. The $SPY and $QQQ charts looked strong, especially on the longer timeframe. On the shorter timeframe both the $QQQ and $SPY as well as the $IWM were working on reversing their pullbacks.

The week played out with Gold dropping back to support and a big round number while Crude Oil fell back to retest the March breakout area. The US Dollar pulled back to support and bounced while Treasuries consolidated in their downtrend. The Shanghai Composite had a short 2 day week moving over resistance to a 6 month high and held while Emerging Markets jumped to resistance at a 15 month high.

Volatility dropped to 1 month lows removing pressure on equities late in the week and they rebounded from a 2 day move lower. The SPY and QQQ finished the week little changed with the IWM slightly higher. What does this mean for the coming week? Let’s look at some charts.

SPY Daily, $SPY

The SPY came into the week attempting to push up out of a consolidation on the daily chart. That consolidation happened after a pullback from the top at the end of March. It continued Monday and met resistance at the 20 day SMA. That pushed it lower following the 20 day SMA through Thursday. Friday it gapped over it and ran to the 50 day SMA. The RSI is pushing back towards the bullish zone with the MACD crossed up but still negative. There is still some work left to do before confirmation that the pullback is over.

The weekly chart shows price continues to hold over the 20 week SMA with a second positive week. The RSI is rising in the bullish zone with the MACD leveling after resetting lower. There is resistance at 513.50 and 517.50 then 520.50 and 524.50 with the 138.2% extension of the retracement of 2022 at 530 above. Support lower sits at 510 and 503.50 then 501.50 and 498.50 before 495 and 491. Consolidation in Uptrend.

SPY Weekly, $SPY

With April and the May FOMC meeting in the books, equity markets showed some strength moving higher in a busy week for news. Elsewhere look for Gold to pullback in its uptrend while Crude Oil pulls back in the long uptrend as well. The US Dollar Index is on the edge of a break out to the upside while US Treasuries pause in their downtrend. The Shanghai Composite looks to continue the short term move higher as it returns from a Labor Day holiday while Emerging Markets with further upside will confirm a new uptrend.

The Volatility Index looks to remain very low making the path easier for equity markets to the upside. Their charts look strong on the longer timeframe. On the shorter timeframe the IWM is leading the way to a reversal higher while both the QQQ and SPY still have some work to do before they are in the clear. Use this information as you prepare for the coming week and trad’em well.

Join the Premium Users and you can view the Full Version with 20 detailed charts and analysis: Macro Week in Review/Preview May 3, 2024

[kristikinzel12]

Is A 10x Rally On The Horizon For SHIB, PEPE, DOGE, And Axmint (AXM) Prices?

Bitcoin (BTC) has recently been leading the crypto market surge. Yet, there are indicators that a so-called “altcoin season” might be on the horizon. Bitcoin has approached its record high from 2021, reaching $64,000 this week, triggered by robust investments into spot Bitcoin ETFs and registering a 50% increase in February. Additionally, the remarkable rally in meme coins last week could be seen as an early harbinger of the altcoin season’s arrival. There’s a growing hope that the prices of SHIB, PEPE, DOGE, and Axmint could potentially skyrocket, achieving a 10x increase in the upcoming weeks.

Last week, well-known dog-inspired cryptocurrencies Dogecoin (DOGE) and Shiba Inu (SHIB) saw substantial gains in value, with increases ranging between 40% and 50%. Concurrently, Axmint also witnessed a notable price surge during the same time frame.

Shiba Inu (SHIB) Price Analysis

SHIB price is attempting to continue its upward momentum, although the RSI indicating an overbought condition implies that sellers are strongly defending the resistance lines.

Should the price retreat from its present position yet find support at the 20-day EMA, it would indicate ongoing bullish sentiment, potentially triggering a retest of $0.000025. If the SHIB price holds above this level, we might see a skyrocketing trend toward $0.000033.

Pepe Price Analysis

Pepe coin price has been pumping hard in recent weeks as it recorded gains of over 500%. Pepe’s price jump over the $0.000005 resistance marked the commencement of the next phase in its upward trajectory.

The trend of moving averages surging signifies that the market is predominantly controlled by the bulls, though the RSI reaching into the overbought territory hints at a potential minor pullback. If the price remains above its recently achieved ATH, we might see a 10x rally in PEPE’s price in March.

Dogecoin (DOGE) Price Analysis

The bulls managed to protect the breakout level of $0.12, but were unable to push Dogecoin past the $0.14 resistance level, signaling weak buyer interest at higher prices. Consequently, the bears might attempt to take control by driving the price below the moving averages. For a bullish trend to be confirmed, the bulls need to push and sustain the price above $0.15-$0.17. Achieving this could lead the meme coin to record a 10x surge in the coming weeks.

Axmint Price Analysis

While all the memecoin Performing well in the market, The AXM token has witnessed an extraordinary surge in value, hitting a new all-time high (ATH) of $0.39 this week, with a 24-hour low of $0.36. This surge marks a remarkable increase from its previous trading price of $0.25 as of February 1, 2024. Investors and enthusiasts have been captivated by the token’s remarkable performance, which demonstrates a staggering quarterly rise of 212%. Such an unprecedented surge in price underscores the growing interest and confidence in the AXM token within the cryptocurrency community, as it continues to attract attention for its impressive gains and potential prospects. Achieving this price could lead Axmint to record a 10x surge in the coming weeks.

Website : https://www.axmint.io/

Telegram: https://t.me/AxMintChat

Reddit : https://www.reddit.com/user/Axmint