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Parallel Channel

BTCUSD - Channel BO - WKLYThe chart displays Bitcoin's price action (BTC/USD) over a weekly timeframe, suggesting a large channel BO. Key insights: 1. **Resistance Zone**: Around ~$65,000, which acted as a historical peak during earlier bull runs. 2. **Breakout Target**: - The measured move of ~$54,840.25 (approximately a 72.17% rise post-breakout) suggests a price target near **$131,176.66**. 3. **Volume**: Noticeable increase in volume during the breakout, signaling strong buying momentum. 4. **Current Price**: Bitcoin is trading near ~$107,367.64, consolidating above the breakout resistance. The chart anticipates a bullish continuation toward the projected target (~$131,000) if the breakout holds, in line with historical price structure.
BINANCE:BTCUSDLong
by Vem_TA_Charts
TRBUSDT: Bullish Breakout or Retail Trap?Yello Paradisers! TRBUSDT is showing signs of a potential bullish move, backed by its strong bullish market structure and a supportive trendline. However, this setup could soon become a classic trap for retail traders if the market induces premature entries. 💎If TRBUSDT takes inducement and shows a clear I-CHoCH (Internal Change of Character) on lower timeframes from the support zone, it will significantly increase the probability of a bullish breakout. 💎On the other hand, a breakdown and candle close below the support zone will invalidate this bullish idea, signaling caution. In that case, waiting for a more defined price action structure would be the smarter move. 🎖Discipline and patience are the keys here, Paradisers. Remember, a well-planned entry is far more valuable than chasing uncertain setups. Stay focused, trade strategically, and let the market come to you! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
Analyzing morepen laboratories _12th DEC 24BULLISH BREAKOUT : TECHNICAL OVERVIEW - The stock chart of Morepen Laboratories Ltd. on a daily timeframe, showing a breakout from a descending triangle pattern. This technical breakout, accompanied by higher trading volumes, suggests a bullish momentum in the stock price, as the resistance line has been breached decisively. The 50-day Simple Moving Average (SMA) below the price indicates a positive trend, further supporting the likelihood of upward movement. Traders may consider this breakout as a potential entry signal, provided the stock maintains its position above the breakout level and sustains volume. However, monitoring broader market conditions is advised for risk management.
NSE:MOREPENLABLong
by vivekspatil19
Time to Buy/Bottomfish #cochinship ?At this juncture cochin Shipyard offers good RR. From a deep price and Time correction, the stock formed a base and broke out of it and showing signs of reversal. A potential stage 2. The reasons for going long are as follows. -Stage 2 Breakout -Formed Double Bottom in DTF -Narrow Range candles with Dry Volume - Channel Breakout. Keep In mind: - Volumes need to improve. -Expect Shakeouts. Tweak the SL as per your risk appetite. Like I mentioned in the beginning, if this is a reversal then the reward will be high. As always- Please study the chart and do your due diligence. And please do not trade on any tips. Enter only if you understand the company, the chart and the price. #StocksInFocus
NSE:COCHINSHIPLong
by sagartharayil