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Consolidation-breakout

CRSR: The Best Pure Play On Gaming and Streaming. Corsair is a maker of everything a gamer or streamer would need. The list of products is nearly never-ending; keyboards, mouses, capture cards, controllers, headsets, lighting, CPU cooler, CPU power supply, CPU case, SSD, Memory, stream deck. Corsair is a one-stop-shop for all a gamer/streamers needs. The stock has been consolidating beautifully since hitting a high of $52 last November. Since it has formed a beautiful, strong support level at $33 with resistance around $42. We believe with A+ management; Corsair is poised to continue to gain market share and win over investors. On their latest earnings call, management announced that they would focus on launching multiple new products at a rapid pace along with increased spending towards marketing. Fundamentally, their numbers were fantastic as well. 55.2% YoY top-line growth for FY 2020($1.7B), highlighted by an 83% increase in gamer/creator peripherals. They made the jump to being a profitable company compared to the previous year ($103M FROM -$8.4M). With macroeconomic tailwinds, wide economic moat, A+ management, A+ products, spectacular growth, profitable and risk reduced entry technically, we believe this is an incredible opportunity to get into an incredible company. We are targeting a $52 6-month PT.
NASDAQ:CRSRLong
by RobertTheTrader
XTZ-USDT: Consolidation Breakout(1 Hr TF)In the Daily TimeFrame, Tezos is trading in an Ascending Channel formation with an upper band and the lower band placed at $5.1 and $2 respectively. In the Hourly Time Frame, Tezos has been in the accumulation phase and was trading in a range of $3.83 as the upper band and $3.22 as the lower band. XTZUSDT has given a Range Breakout and is currently trading above the range. Key Levels to Watch out:- The resistance to the higher levels is placed at $4.4 followed by $5.1 respectively. The supports to the lower side are placed at $3.5 and $3.2 respectively.
Long
by TradeDog-Research
5
XRPUSD SETUP - SHORT TO 0.47 OR LONG TO 0.495Right here is a new analysis showing us two possible scenarios. First, to short to 0.47000 or long to 0.49510. What do you think? Share your opinion in the comment section✍️ Please support this idea with a LIKE👍 if you find it useful🥳 Also, kindly cheer me with coins if you like my work. Follow me to receive more updates on this pair🤙 Happy Trading💰🥳🤗 Trading Involves High Risk⚠️ Not Financial Advice💸 Use Proper Risk Management💹 Thank you for your support!💓 NB: If you have any question for me or you would like to learn forex trading, improve on your technical analysis skills, DM me.
BITSTAMP:XRPUSDLong
by PetrockFxTrading
DOGEUSD - PRICE FINALLY BROKE OUT OF CONSOLIDATIONRight here is dogecoin chart setup. Price has been in consolidation since 25th February, 2021. The consolidation breakout with it's take profit at 0.607633 is a confirmation that the inverse head and shoulder pattern on the 4hr timeframe is possible. Take a look at my previous analysis down below to see the inverse head and shoulder pattern on the 4hr timeframe confirming the buy setup. What do you think? Share your opinion in the comment section✍️ Please support this idea with a LIKE👍 if you find it useful🥳 Also, kindly cheer me with coins if you like my work. Follow me to receive more updates on this pair🤙 Happy Trading💰🥳🤗 Trading Involves High Risk⚠️ Not Financial Advice💸 Use Proper Risk Management💹 Thank you for your support!💓 NB: If you have any question for me or you would like to learn forex trading, improve on your technical analysis skills, DM me.
Long
by PetrockFxTrading
2
Short then Long WTI Crude Oil Possible Trade IdeaSince November 20 and the Oil market has been in an uptrend entering consolidation phases then breaking above. The recent consolidation shows a bounce back from the maximum resistance of the consolidation. The daily candle hasn't closed yet. If it breaks above the consolidation I am longing oil in the long run till 68-70. As for now I will scalp and take advantage of the drop. Quick ins and outs on shorting, then long oil and hold if it breaks above consolidation. If the price breaks lower than the consolidation then I am possibly shorting oil till 55-57 and will disregard the bullish scenario. This is my personal trading strategy for the current WTI oil market. This is not a financial advice.
TVC:USOIL
by FXwabz
NZD/CADHello guys, today is a special day! I was thinking about backtesting a bit... So i am going to take you throught some trades! 1st trade as you can see was pretty nice 1:5RR ratio Simple consolidation breakout and retest, after 2,5 profit i closed halft profit and putted sl to break even...TP got smashed and my face was full with smile 2nd trade was almost the same. Consolidation and breakout with retest and open candle right above previous candle :) Here is 1:3 RR ratio... my favorite...IF you want to know, i always take half profit when i am 1:2 and i put sl to break even and i let it run 3rd trade was unfortunately sl.. I thought i had good support as you can see previously it was support/resistance only 12 pip stop loss... Lesson learned and loss took like normal thing Next you can see i draw a circle of (support) it would be good support for someone, and it would be 30 pip gain, but i just dont like, When i dont have previous support shown.. as you can see i had only consolidation before so i didnt took this trade 4th trade was based right on the previous sl trade which was acting as support :) Again simple 1:2 RR trade with TP smashed... now that invalid support acted as support for me and it was real support now :) 5th trade is kinda hard to understand, but i take you through it ;)(my pleasure) As you can see, we had a little consolidation and the trade was coming, because i was expecting breakout.... I didnt took the trade on the start of that huge red candle.. i just rather wait for red/green(in this position red) closing candle right below or above the previous candle as you can see :) Candles reacted to the marked support of the huge red candle now as resistance I took the trade with 1:2 RR ratio and TP was smashed :) I hope this was helpfull! it took me ages to write this essay, i hope you learned something new ;)
by Futurefxmillionaire
ADA/USDT Bullish update. Cardano is consolidating. Get ready!Cardana is consolodating as it did several times before the next upwards move. We are now through the Mary hardfork and now officialy a plattform where you can build dapps. Possible upcoming news: - Coinbase listing - Africal deal - Grayscale - 100% decentralised - ADA Ecosystem Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: 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. Purple lines are trendlines we take a look at. Yellow lines are for visual help only.
Long
by tumbler55
Bitcoin Entry Prices for Next Bull Run! Hello guys, today’s day trading analysis will be on BTC There is a very nicely looking volume-based setup called the “Volume Accumulation Setup“ First, there was a rotation in which heavy volumes got accumulated (traded). You can see the volumes on the Flexible Volume Profile indicator below. Then, after the big guys (trading institutions) placed their big trades there, they pushed the price upwards into an uptrend. This uptrend tells us, that the volumes placed in the rotation (blue rectangle ) were Longs. This is an information we can work with. Now we know where strong institutional buyers placed a lot of their Long positions. This are is now very important place for them. When the price makes it back to this heavy volume area again then, those buyers will want to protect it and to push the price upwards from there again... Most likely from the place where they placed the most of their positions. Message me directly for a Matching Bonus available at HankoTrade when you sign up through this link . Leverage 5x with Zero Commission Fees.
COINBASE:BTCUSDLong
by crypto_prophet_king38