#bullishbreakout

[definedge99]

Triangle Breakout – Bullish | Library of Technical & Fundamental Analysis

In a bullish triangle breakout, the triangle is followed by a double top buy pattern, which triggers a convergence breakout pattern. Learn a

Triangle Breakout: A Bullish Signal for Stock Market Rally

A Triangle Breakout – Bullish occurs when a stock's price consolidates within a symmetrical triangle pattern and then breaks upward above resistance. This breakout signals a potential bullish trend, indicating that buyers are gaining strength and momentum.

[basechop]

ADA Forecast: What Lies Ahead for Cardano"

The daily timeframe signals a continuation of the upward trend for ADA, supported by price dynamics, Elliott Wave analysis, and RSI signals. The most likely Elliott Wave analysis suggests that ADA has initiated the fifth and final wave of a five-wave bullish structure. The fourth wave concluded on January 8 with a strong rebound, pushing the price above the 0.382 Fibonacci correction level. Despite Cardano still following a descending resistance line, the daily RSI has already made a bullish breakout of its trendline, often preceding upward movements. Crypto analyst dApp analyst also anticipates ADA surpassing Bitcoin (BTC) in this cycle. In the event of a breakthrough of this resistance line, the initial target level for forming the peak would be around $0.81 (1.61 external correction of the fourth wave), representing a 40% increase from the current price. !(link to the TradingView chart) However, a dip below $0.50 would negate this bullish forecast and could lead to a 35% decline in ADA to the nearest support level at $0.38. Disclaimer: All information on our website is published with principles of fairness, objectivity, and solely for informational purposes. The reader assumes full responsibility for any actions taken based on information obtained from our website. Read the full article

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Gold prices have defied expectations by surging above a crucial technical resistance level, reaching their highest point since 2013. The XAU/USD pair has climbed to $1,805 per ounce, breaking through the previous resistance level of $1,765. This unexpected move has caught the attention of investors, as gold is now poised to continue its upward trend. […]

Gold Prices Surge, Australian Dollar Eyes Breakout Amid Global Uncertainties #AUDUSD #australiandollar #bullishbreakout #centralbanks #COVID19pandemic #economicdata #geopoliticaltensions #globaluncertainties #goldprices #investorsentiment #ironoreprices #riskierassets #safehavenassets #technicalresistancelevel #USTreasuryyields #XAUUSD

[traderpulse]

GBP/JPY Technical Analysis ~~ The counter has been in an ascending triangle formation. ~~ Now, the range is narrowing and the pair is in a make or break situation. ~~ We expect the pair to render a bullish breakout, however, we advise traders to go long only above 140.341. Get the free analysis: Android: https://play.google.com/store/apps/details?id=com.traderpulse.analysis IOS: https://apps.apple.com/app/forex-analysis/id1358603638 Web: https://analysis.traderpulse.com

[tradersir]

The Only Forex Breakout Strategy You Will Ever Need https://dailypriceaction.com/blog/forex-breakout-strategy/