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Ascendingtrendline

BTC wants the 70k 🦐BTCUSDT after the break of the bull flag is now testing the resistance at the previous ATH. The price is moving over an ascending trendline and according to Plancton's strategy if the market will break above we can set a nice long order opportunity. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
22
PLATINUM testing the 1220 area 🦐PLATINUM on the 4h chart is testing the 1220 resistance. The price is moving over an ascending trendline and recently broke above the descending trendlone. According to Plancton's strategy if the market will break above we will set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
TVC:PLATINUMLong
by InkyGrip
6
GRPN - Good, Bad, or Ugly, $48 Just Makes SenseWhether GRPN goes on to have it's best year, worst year, or just hovers around expectations, $48-$49 confirms path for all of these results. First - Just some fundamentals that match up with technicals: -Currently, the market is factoring in an upcoming earnings EPS equal to pre-covid (November 2019) numbers of roughly -$0.60. -The yearly EPS for 2019 was $0.30 and the estimated EPS for GRPN in 2021 is $0.33. A year in which GRPN traded from the range of $78 to $47. In saying this, the share price can move freely between this range depending on which way the technicals push price action - without getting over extended from this range. -In GRPN's best year, it traded with an EPS of $0.40 at a P/E of 255 ($102 price target) If technicals indicate a move up, demand will be there to confirm the move due to the current sentiment of a positive financial year. If the technicals show a push to the downside there also shouldn't be much resistance to supply due to the uncertainty GRPN has moving forward. Chart posted above shows an anticipated breakdown to $48-$49 due to a confirmation of a diamond top formation. Below further explains the bottom price target. Now lets look more into this move. (with anticipated low $48 used as the 0.00 FIB) A pullback to the $48-$49 range; allows a fill of the gap up, reach of lower trendline support, and sets a good bottom FIB number to keep from getting too extended out of the current trendline. All within the same move. Also this allows for a test of the upper mid-line channel of previous overhead trends. Furthermore, if GRPN goes on the have year where they meet expectations, market makers can move price through the trend without shaking out too many investors (keeping price action within upward trend). While still reaching the EPS based price target by end of year ($78). If, GRPN goes on the have their best year: (with cup and handle extension drawn) The pullback to $48-$49 confirms retracement to the 1.272 FIB level of the cup and handle as support (would indicate to investors a strong potential for upside), while also holding the lower trendline as support. If they have a bad year, its going down to $48 anyways.
NASDAQ:GRPNShort
by rickhubbard10
XAGUSD 1D. Silver in ascending triangle breakout?I buy silver, not much to be honest. A few ounces here and there. But, I prefer crypto which is why I am taking the chance to sell some silver now. I think it is better invested in some quality DeFi projects. I want to add to Alpha & Rune positions. The chart: Silver has been in an uptrend since March 2020. Culminating in an ascending triangle pattern. It looks likely it may retest the horizontal labelled 'B'. But see the smaller channel within, picked out in white? Looks like a bearish flag to me. Ascending channels such as this are destined at some point to break down and correct. Should this happen, I forecast trend line 'A' being touched and possibly failing in support to complete the start of a Fibonacci retracement that may retrace to the 0.168 level. This would neatly complete an area that has not been retested. I have labeled this. So, I'm sticking my neck out here and inclined to call a short. Long Trade? The great traders caveat, we need a plan for both eventualities. All this analysis becomes null and void if we can break over and hold with good momentum horizontal 'B'.
OANDA:XAGUSDShort
by iDoji
USDCHF ona bearish move 🦐USDCHF after the bounce over the monthly support turn again into a bearish scenario. The market has recently broken the ascending trendline and currently is testing a minor support. According to Plancton's strategy if the price will break below we can set a nice short order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
12
NZDUSD, 4hr tf, sell ascending trendline breakHello my friends, Before i start with today trade ideas, let's review some of the trade i took yesterday. There were 2 trade ideas i shared which are GBPAUD and GBPCAD sell positions. Both trades now closed with a nice profits. First trade is GBPAUD which i closed manually for +210 pips and banked 3.5R yielding 7% profit Second trade is GBPCAD which i closed manually as well for +220 pips and banked 3.6R yielding 7.2% profit For today i am going to sell NZDUSD because i think this pair could have some retracement retesting 0.6940 area. The reason why is because price already broken below the ascending trendline and stopped making higher high. This recent movement could be a lower high and might be followed by a lower low. If you see the last daily candle close, it is also very clear that it was a bearish pinbar so we could see sellers step in to push price down. Sell NZDUSD 0.7065 Stop loss 0.7105 Take profit 0.6945 (3R) RR Ratio 1 : 3 Use only 1-2% risk Good luck
Short
by HayatoDragonFX
EURCAD, daily tf, sell ascending trendline break Hello my friends, Another trade to take today is EURCAD pairs. I've been watching this pairs since the big bearish candle took out that ascending trend line during December 4th. We could see this pair go lower again because the last 2 days candle has failed to closed back above the trendline. This trend line pretty much become a resistance now and there is horizontal resistance as well at 1.5530 area. Notice EMA10- and EMA-20 now become a resistance as well and located around 1.5520-30 area. We could draw a conclusion that 1.5530-20 area is an area of confluence resistance and it will take a big power from buyers to take this resistance down. Notice also the last 2 daily candles are bearish pinbar. It means sellers are in control of this pair and don't want EURCAD to go higher for now. Sell EURCAD 1.5525 Stop loss 1.5580 Take profit 1.5360 (3R) RR ratio 1 : 3 Use only 1-2% risk Good luck Disclaimer : i hold EURCAD sell from 1.5525
Short
by HayatoDragonFX
1
XAUUSD, 2hr tf, sell ascending trendline bearish engulfing breakHello my friends, For next week i am going to try selling XAUUSD. As you can see, XAUUSD already move to the upside for 800 pips during this past 1 week. Friday candle closed showed that there is some indecision to XAUUSD and usually when this happened, we could expect some retracement of recent impulsive movement. In my opinion, we could expect XAUUSD to continue higher but it will need some retracement on the way to the upside as well. If you look at the 2hr chart, 2 bearish engulfing candles appeared consecutively engulfing previous candles. This mean sellers area pretty much in control of XAUUSD right now for a short time. If we draw a fibonacci retracement for this recent 800 pips rally, there is a possibility price could retrace to 61.8% fibonacci level before it continue to move upwards. Especially since the ascending trendline was broken with a bearish engulfing candle. We could wait around 1844-45 to enter sell or use a pending sell limit order. Sell limit XAUUSD 1844 Stop loss 1850 Take profit 1797 (7.8R) RR ratio 1 : 7.8 Use 1-2% risk only Good luck
OANDA:XAUUSDShort
by HayatoDragonFX
1
GBPUSD rejected by a weekly resistance 🦐GBPUSD after hitting the weekly resistance at 1.34 couldn't break above. The price has been held on the uptrend by an ascending trendline. IF the price will break below the 1.33 level we can look for a nice short order according to Plancton's strategy. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
26
GBPJPY, daily tf, sell the trend line retest with ichimokuHello my friends, I got another setup coming for you today. Another pair with JPY which is GBPJPY. I am using daily timeframe for this setup so don't expect price to move quickly along with our direction. Noticed that price already break below the ascending trendline with a solid candle close from previous candle. This upwards movement was only a retest of broken trend line in my opinion and we could see price go down again. There is also 61.8% fibonacci retracement resisance around 137.00 area so we could this could serve as a strong resistance. I am going to take a sell position here because there is some confirmations from my screener. 1st confirmation is price below the kumo cloud 2nd confirmation is kumo cloud color is red 3rd confirmation is parbolic SAR now above the price indicating sell pressure Sell GBPJPY 137.00 Stop loss 138.00 Take profit 1 at 135.85 Take profit 2 at 134.50 RR ratio is 1 : 2.5 Use only 1-2% risk Good luck Disclaimer : I sold GBPJPY from 137.00
Short
by HayatoDragonFX
#EUR/NZD AnalysisPrice has come out of the Daily Demand Zone and is currently at 1.7590 and is going upward in an Ascending Pattern. The pair turned bullish when the Euro increased in strength last week. Buyers are pushing price upwards into the Daily Supply Zone. The Bulls have filled the Gap/Void between 1.7554 and 1.7590. Anyone who sold at FOZ and did not exit should be in loss by now. In Supply and Demand, All Voids must be filled somehow. Trade Setup -- Looking for Sells between 1.7615 - 1.7667 area after Price has entered deep into the Liquidity Zone (First Move) -- Looking for Buys on a Fibonacci Support level near 1.7584 area, after Sellers have pushed Price out of the Liquidity Zone. Target is 1.7700 mark (Second Move) Alternative Setup -- When Price falls to the Demand Area of 1.7200, Wait for Price to come to the support level 3 at 1.7333 - 1.7600. After price comes out of Daily Demand Zone, wait for retest and enter for a Buy Setup.
by Benettel