LTCUSDT is creating a falling wedgeThe price is creating a descending channel on the daily timeframe after a bounce from the weekly area.
On the 4h timeframe the price is going to create a falling wedge.
So how to approach?
IF the price is going to have a breakout from the resistance and retest as new support, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
Breakoutsignal
GBPUSD | Live position review | Follow-up detailsWe were unable to make some money yesterday as our bearish set-up was disregarded later on in the day as stated in the comment section (see link below for reference purposes).
Now, we have been witnessing a consolidation phase since the beginning of the month which appears to be transposed into a reversal structure clearly seen in the 4H time frame.
With the appearance of a bullish engulfing candle springing out of the structure during the course of yesterday's trading session; a bullish momentum might be unfolding before our eyes with the intention of inciting a retracement wave of the bearish impulse leg identified on the 4H time frame.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
KCSUSDT is testing the 0.618 Fibonacci levelThe price got a rejection from the weekly resistance where we were waiting for the flip for a long scenario.
the price is testing the 0.618 Fibonacci level and the market had a breakout from the descending channel.
How to approach?
The price could retest the demand zone on 18$, so According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
DOT/USDT breakout likelyIt is highly likely that DOT will breakout (bullish trend) at around 10.97; the last of the downtrend seen on 20th July, 2021. By then, the RSI will also be quite low and this underbought trend will cause more fear.
As we all know that DOT is fundamentally a very strong cryptocurrency, so seasoned investors are waiting for the amateur/impulsive investors to weed out of the market.
Once the uptrend begins, it will at least reach $50 and may even break ATH. But again RSI should be kept in mind. If it is overbought, we have to trade carefully and apply stop-loss at last resistance levels.
Now, my theory stems from analyzing my past mistakes. I always felt that the crypto market\Bogdanoff twins were out to get me; when i buy, it crashes and when I sell, the prices soar high(LOL). But the fact was that I was merely a poor/impulsive analyst and in the cape of psychological manipulation.
In crypto, when there is greed, show fear and when there is fear, be greedy.
DISCLAIMER: THIS IS NOT ANY FINANCIAL ADVICE. THIS IS JUST MY OPINION. PLEASE DYOR BEFORE ENTERING ANY TRADE.
SAND/USDT : Huge sell signal is about to trigger !BINANCE:SANDUSDT
Hello everyone 😃
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!
$SAND has formed a Flat bottom triangle and now it has reached the bottom's support zone.
The formed demand here has held the pair four times and now it's the fifth attempt of break.
Based on five break-out attempts; There's a high chance for bears to take the lead below the local demand.
- Also two bullish trendlines are located right below the current rate of market price:
Based on the chart above, If we get the closings below the demand zone, Then it's more likely for bulls to lose their bullish trendlines neither...
This can become a great opportunity to locate our Short on a proper retest of the broken demand zone or the broken trend zone/line!
This idea comes with a clear Short Setup :
Trading setup :
🔻 Entry Pointes : $2.562 ( On Retest after daily closings below )
📍Targets : $2.25 - $2.00 - $1.75 - $1.44
🟥 Overall stop-loss : $2.9 ( Daily closing above )
Hope you enjoyed the content I created, You can support us with your likes and comments!
Attention: this isn't financial advice we are just trying to help people with their vision.
Have a good day!
@Helical_Trades
BTCUSDT Pullback before the 1.13 Fibonacci Ext?The price is testing the 0.5 Fibonacci level on the 4h resistance after a nice bounce from the dynamic support of the broadening pattern.
The broadening pattern it's a reversal pattern, but the market needs to have a breakout from the weekly resistance on 43k to change its bias.
How to approach?
The scenario is still bearish, we could see a new breakout from the daily support on 39k, and retest the 4h support as new resistance, the target could be the 1.13 Fibonacci EXT
ROSEUSDT needs to hold the support The price is creating a descending channel after the rejection from the daily resistance. As you can see the price got a rejection from the supply zone and how it's testing the 4h support on 0.21$
How to approach?
IF the price is going to lose the support, According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
XMR/USDT : Breaking below the channel !BINANCE:XMRUSDT
Hello everyone 😃
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!
$XMR has formed an ascending channel and now it's breaking below the formed channel.
Based on the current volatility of the market; We might have more false break-out or rejections!
So in that term, I just marked an S/R line on $245, Which is going to give us the Short trigger after a close below and we can have our Short on the proper retest of mentioned line.
I would adjust a secondary for those who trying to have passive trades :
Trading setup :
🔻 Entry Pointes : $250 - $255 - $260
📍Targets : $241 - $233 - $217 - $206 - $190
🟥 Overall stop-loss : $285
Hope you enjoyed the content I created, You can support us with your likes and comments!
Attention: this isn't financial advice we are just trying to help people with their vision.
Have a good day!
@Helical_Trades
EGLDUSDT ready to explode? 💣The price created a triple bottom on the daily support on 159% as you can see on the upper chart.
On the 4h timeframe the price bounced exactly on the 0.886 Fibonacci level and dynamic support. The price got liquidity and had a breakout from the descending Channel. Now the price is testing the weekly resistance as new support
How to approach?
The price needs to have a breakout form the 170$ with Volumes and Momentum, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
SAND Coin Making HUGE Descending Triangle on 1D tfSAND has strong support at 2.5-2.68 Region, it should have to support the coin else according to descending pattern it could potentially go 0.7 Region.
Mostly, in these cases coin does not breakdown as whales come their to support the coin value to go that beyond and Breakout the descending pattern and it could then potentially touch its all time high.
Minutes after this morning's video Jasmy pumped. Now the TargetsTraders,
Minutes after I release my video update this morning Jasmy pumped. Currently, it is up over 17%. So now, we need to start thinking about where we should sell. I see several good fairly conservative targets in site:
1. The 50 day ma at .0252
2. A level of resistance at .031
3. The 100 day ma at .034
Could it go higher? Sure. Of course. But at this point, higher targets on this trade are much less likely and therefore, I will probably be almost completely out at the 100 day ma on this trade and close out. I will look for a new opportunity/setup thereafter.
Best to you all!
-Stewdam.us
SANDUSDT is testing the weekly supportthe price is testing a key level on 2.73 on the weekly support where the price got several bounces.
On the 4h timeframe the price is creating a descending channel below the 4h resistance on 2.75$
How to approach?
The price needs to have a clear breakout from the descending channel and retest the 4h resistance as new support and confirm the weekly support.
IF the price is going to have a breakout, According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
DYDXUSDT is testing the daily resistance!The price had a breakout from the descending channel, and now the price is testing the daily resistance on 5$.
How to approach?
the price needs to have a new breakout from the daily and 4h resistance and confirm our strategies, According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
Cult Dao - I'm still bullish! Here's why?Traders,
Are we late to the party on this one? Mmmm... I don't think so. In fact, as many of you already know, I entered into this trade yesterday. I'll explain in this video my rationale as well as cover 3 additional technical factors that caused me to make my decision.
⛓️ 🔗 Useful Links 🔗 ⛓️
(see below)
AUDIO resistance breakoutNFA
I decided Ima start sharing my ideas with the community so here is one
BINANCE:AUDIOUSDT retested the 1.0 supply zone and went for a lil uptrend
it's now trying to break the 1.3 ish resistance , so I'm interested in a LONG if it properly fixes above
+ it formed a wedge on 1h tf that looks ready to be broken , which is about to give some more confirmation
let me know what you think in the comments please
Nifty going for a head and shoulders formation Nifty is forming a descent Head and Shoulders pattern and on a verge of breakdown.
From the current levels, if it breaks down, 17300-17350 is quite achievable.
Kindly note that this is not a trade idea and only an observation for study purposes only. Do you own diligence before investing.
Inverted Head And Shoulders also on #ALLso yesterday i posted a few ideas of some very clear inverted head and shoulder patterns that are present in the airline companies see also #UAL #LUV both are clearly set up and showing massive opportunities to the top side the biggest being UAL with the measure of a possible 19% upside brining it into the mid 60's price range with in the next. Heading into earnings this we be another play that I will be watching for that possible breakout to the upside!!!
THETAUSDT is testing the 4h supportThe price got the rejection from 4.3$ where the market has a daily resistance.
on the 4h Timeframe the price lost the 4h dynamic support and not it's testing the static support on 3.2$
How to approach?
IF the price is going to lose the daily support of 3.1$ we could see a new bearish impulse 2.8$, According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
DDS: BREAKOUT, POTENTIAL 16% MOVEDDS , Dillard's (Department stores).
I like the break of that 292 resistance (the flat of the ICHIMOKU cloud). Just got long for a swing trade.
My first target is 319, which is the flat line of the upper cloud.
My second target is around 339, to close the gap of November 2021.
My stop is under today's candle, around 290.
Trade safe.