1 min read May 7, 2024
Lenka Fetyko

Breakouts from Channel Down

As the market continues to bounce back, we’re detecting breakouts from Channel Down and Falling Wedge patterns that are generating solid gains.

Render (RNDR) broke out of a Channel Down pattern and has reached our target of $10.00 for +25% profit:

There are several fresh breakouts in our Technical Analysis section and many on the verge of breaking out.

How to catch breakouts early?

Create alerts.

Watch this free 12 min video from Richard, CEO of altFINS, as he explains how to find breakouts and how to set up alerts to catch breakouts early:

0:00 Intro
01:00 Bounce from oversold levels
02:30 Bounce in a Downtrend or Resumption of Uptrend
05:50 Trade Setups
06:15 RNDR
07:20 How to find fresh breakouts?
07:50 COMP
08:50 Create an alert for breakout
09:50 GRT
10:20 Create an alert for breakout

We’re seeing nice breakouts from Channel Down and Falling Wedge patterns, which could lead to another +20% gains in select altcoins.

We teach how to trade breakouts and manage risk in Lessons 7 and 9 of our new Crypto Trading Course.

We share the best trading ideas in our VIP telegram channel and you can also find trade setups in our Technical Analysis section:

Trade Setups (Technical Analysis)

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