How to find crypto breakouts?
Volume and candle analysis are perhaps the best indicator combination for identifying a real breakout in crypto trading. In summary, when trading breakouts, the key indicator to look for is a break in an established support or resistance level that is sufficiently backed by high trading volume.
To identify breakout stocks, first you'll need to find a market with a defined area of support or resistance. As we've already seen, the more times a stock has bounced off this level, the better. When a market gets stuck in a channel between clear support and resistance levels, it's known as consolidation.
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Beginner. In technical analysis (TA), a breakout refers to the price of an asset moving above a resistance area, or below a support area. A breakout may indicate that the price of the asset will start trending in the direction of the breakout.
- Price should trend up leading to the start of the pattern (if it trends downward, it's a broadening bottom).
- The shape of the pattern should resemble a megaphone with the smaller end toward the left, wider to the right.
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Some of the most reliable sources of information on upcoming IPOs are exchange websites. For example, the New York Stock Exchange (NYSE) and NASDAQ both maintain dedicated sections for IPOs. NASDAQ has a dedicated section called "Upcoming IPO" and NYSE maintains an "IPO Center" section.
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Ethereum
It dominates much of the crypto market, approximately 18.49% according to CoinMarketCap. Ethereum is perhaps the most explosive cryptocurrency on this list. If Ethereum explodes again in 2022, it will likely be a very big explosion.
Theoretically, values as low as $1 or even $10 are possible. However, given the way DOGE works, a price target of $100 or more is not realistic. While it is impossible to predict the price of DOGE or any other investment in the future, we can make a reasonable guess as to whether DOGE will ever reach $100.
How do you prevent fake breakouts?
How To AVOID False Breakout (4 Golden Rules You can't Ignore)