Get started

Breakouttrading

"FTM eyes a rebound with Sonic conversion and airdrop catalysts! Fantom (FTM) shows a recent downtrend, but the upcoming Sonic (S) conversion and the associated incentives like the free swaps and airdrop could catalyze significant price action. Here’s a detailed analysis: Current Technical Overview: 1. Price Action: - The price is currently trading at $0.74250, down significantly from its recent highs, but it appears to be nearing a support level. - Historically, these levels may attract buyers looking for value or anticipating upcoming events. 2. Moving Averages: - The yellow line represents the 50-day moving average (MA), while the red line is the 200-day MA. - The price is below both MAs, suggesting bearish momentum in the short term. However, a catalyst like the Sonic conversion could reverse this trend if it sparks significant buying activity. 3. RSI (Relative Strength Index): - The RSI is near 38.93, which is close to the oversold region (below 30). - This indicates potential for a rebound, especially with the upcoming news providing a fundamental driver. 4. Volume: - There is moderate volume, but it hasn't yet shown the surge that might accompany the January 19 event. If trading activity picks up in anticipation, this could signal increased interest. Impact of Upcoming Events: 1. Sonic (S) Conversion: - The free swaps for the first 90 days provide a strong incentive for current holders to stay invested and for new investors to join. - This could reduce selling pressure on FTM while potentially driving demand. 2. Airdrop*: - A points-based airdrop with 6% of the supply set aside can encourage accumulation of FTM to qualify, likely increasing buying pressure over the coming months. 3. Psychological and Market Sentiment: - Such large-scale events often generate positive sentiment and FOMO (Fear of Missing Out), potentially pushing the price upwards as we approach the event. Strategy and Outlook: 1.Short-Term: - As the January 19 date approaches, there is a strong possibility of a price rebound if volume picks up and sentiment turns bullish. - Traders may look for entries near the current support level with tight stop-losses in case of further downside. 2. Mid-Term: - The incentives from the free swaps and airdrop could sustain higher interest in FTM through Q1 2025. - Monitor for a breakout above the 50-day MA as a confirmation of trend reversal. 3. Risks: - If the broader market remains bearish or if the events fail to meet expectations, the price could consolidate or continue its downtrend. - Keep an eye on the volume and RSI for early signals of a move. Key Levels to Watch: - Support: $0.70 (current zone) and $0.60 (major support). - Resistance: $0.95 (50-day MA) and $1.20 (recent high). With the January 19 event on the horizon, this could be a pivotal moment for Fantom's price action. It's a good opportunity to prepare for potential volatility and capitalize on positive momentum.
FLong
by PROFITPULSE10X
Amazing breakout on Weekly Timeframe - JUBLFOODCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favor that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED! NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!! #No complicated chart patterns #No big big indicators #No Excel sheet or number magics TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME. Checkout an amazing breakout happened in the stock in Weekly timeframe. Breakouts happening in longer timeframe is way more powerful than the breakouts seen in Daily timeframe. You can blindly invest once the weekly candle closes above the breakout line and stay invested forever. Also these stocks breakouts are lifelong predictions, it means technically these breakouts happen giving more returns in the longer runs. Hence, even when the scrip makes a loss of 10% / 20% / 30% / 50%, the stock will regain and turn around. Once they again enter the same breakout level, they will flyyyyyyyyyyyy like a ROCKET if held in the portfolio in the longer run. Time makes money, GREEDY & EGO will not make money. Also, magically these breakouts tend to prove that the companies turn around and fundamentally becoming strong. Also the magic happens when more diversification is done in various sectors under various scripts with equal money invested in each N500 scripts. The real deal is when to purchase and where to purchase the stock. That is where Breakout study comes into play. LET'S PUMP IN SOME MONEY AND REVOLUTIONIZE THE NATION'S ECONOMY!
NSE:JUBLFOODLong
by Yoyohoneysingh93
Amazing breakout on Weekly Timeframe - GREAVESCOTCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favor that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED! NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!! #No complicated chart patterns #No big big indicators #No Excel sheet or number magics TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME. Checkout an amazing breakout happened in the stock in Weekly timeframe. Breakouts happening in longer timeframe is way more powerful than the breakouts seen in Daily timeframe. You can blindly invest once the weekly candle closes above the breakout line and stay invested forever. Also these stocks breakouts are lifelong predictions, it means technically these breakouts happen giving more returns in the longer runs. Hence, even when the scrip makes a loss of 10% / 20% / 30% / 50%, the stock will regain and turn around. Once they again enter the same breakout level, they will flyyyyyyyyyyyy like a ROCKET if held in the portfolio in the longer run. Time makes money, GREEDY & EGO will not make money. Also, magically these breakouts tend to prove that the companies turn around and fundamentally becoming strong. Also the magic happens when more diversification is done in various sectors under various scripts with equal money invested in each N500 scripts. The real deal is when to purchase and where to purchase the stock. That is where Breakout study comes into play. LET'S PUMP IN SOME MONEY AND REVOLUTIONIZE THE NATION'S ECONOMY!
NSE:GREAVESCOTLong
by Yoyohoneysingh93