$GALA #gala resistance breakout?GALA has been testing the 4h resistance level around $ 0.055
if we see a good breakout from the one, with good volume , and a good retest, we can set a long order with $ 0.058 as the target (following 4h fibonacci resistance) and something around $ 0.054 as the stop loss, which is the level of the resistance the price is currently testing , which could turn into new support in a breakout scenario
let me know what you think about this idea and if you are planning to enter on this trade + like and follow for more ideas
Breakoutsignal
#swipe $SXP trendline + resistance breakout!sxp has been testing the 4h resistance level around $ 0.4
if we see a good breakout from the one, with good volume , and a good retest, we can set a long order with $ 0.435 as the target (following 4h resistance) and something around $ 0.385 as the stop loss, which is the level of the resistance the price is currently testing , which could turn into new support in a breakout scenario
let me know what you think about this idea and if you are planning to enter on this trade + like and follow for more ideas
$ATOM #cosmos resistance breakoutas always, I'm only trading breakouts, so here is another one!
atom is currently testing the 4h resistance around $ 8.7
if we see a good breakout from the one, with good volume, and a good retest, we can set a long order with $ 9.6 as the target (following 4h resistance) and something around 8 as the stop loss, which is the level of the dynamic trendline atom has just broken out from , which could turn into new support
let me know what you think about this idea and if you are planning to enter on this trade + like and follow for more ideas
USDCAD Short With 2 Confluences.
As we can see the price has been moving in a bullish direction for several days. We are starting to see signs of potential market exhaustion which could signal a potential reversal. There has been a change in market structure
from bullish to bearish as we can see from the breakout of the key level. The entry for this trade was at the test of the key level and the target is set around the low of June. Risk reward currently stands at 1 to 5.8. Never risk
more than 2% of your account on any single trade.
Confluences:
1: Double Top Pattern Formation
2: Key Level Breakout
BTCUSDT is testing the supportThe price is testing the range between 21600$ and 20900$.
During the weekend the price created a spike above the 21600, got a new liquidity for a new bearish impulse until the current support.
How to approach ?
The price could grab new liquidity from 22k and create a new bearish impulse.
IF the price is going to lose the current support and retest it as new resistance, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
29.06.2022 GBPUSD London Daybreak trade idea29.06.2022 GBPUSD London Daybreak trade idea
Buy stop @ 1.22106
SL: 1.21775
TP1 : 1.22306 (20 pips)
TP2 : 1.22495 (39 pips)
Sell stop @ 1.21706
SL: 1.22006
TP1 : 1.21506 (20 pips)
TP2 : 1.21310 (39 pips)
Disclaimer: This is just a trade idea.
Trade at your own risk.
Looks like KCASH will give breakoutHello Traders,
As you can see in Daily time frame, Kcash ( KCASH ) is in consolidation. KCASHUSDT chart pattern in daily timeframe looks similar to SWRVUSDT. Recently Swerve (SWRV) gave big breakout so there is possibilty that KCASH may also give big breakout.
Don't forget to manage your risk because chart patterns don't playout always.
Leave your opinion in comment section. Follow us for related analysis.
ATOMUSDT is testing the 4h resistancethe price is testing the 4h resistance on the 0.5 Fibonacci level after a bearish impulse from the monthly support at 8.84$
How to approach it?
The price needs to create a breakout from it and retest the current resistance 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.
–––––
Follow the Shrimp 🦐
DOTUSDT is testing the 4h supportThe price is testing the 4h support after a rejection from the daily static resistance and the dynamic 4h resistance.
The market created a double bottom on monthly support where it found new liquidity for the new bullish impulse.
How to approach it?
IF the price is going to have a clear breakout from the 4h resistance and daily resistance, 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 🦐
ADAUSDT is testing the supportthe price followed my previous idea and we made more than 39%.
Now the market is creating an ascending channel above the daily support.
how to approach it?
The price needs to have a breakout from the daily 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 🦐
XLMUSDT needs more liquidityThe price had a nice breakout from the static resistance on 0.14$ and got a rejection from 0.155$
now the price is testing the 0.618 Fibonacci level as new support.
How to approach it?
We could see a new bearish impulse until the 0.886 Fibonacci level where the market could get new liquidity for a bullish impulse, 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 🦐
DOTUSDT is creating a falling wedgeAfter an amazing profit, the price is testing the monthly support on 6.7$
on the 4h timeframe the market creates the falling wedge below the 4h resistance.
How to approach it?
IF the price is going to have a breakout from the falling wedge and daily resistance on 8$, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
KDAUSDT is testing an important support right nowThe price is testing the daily support on 1.4$. As you can see on the left the price got the liquidity for a new bullish impulse from here.
How to approach it?
IF the price is going to have a breakout from 4h resistance and retest as new 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 🦐
#Nio long trade idea based on VP analysisNio was a bullish stock until the China fears took over the market. It still commands a good brand recall in China and should recover its price crash as China unlocks
The chart also suggest a squeeze breakout and volume study gives us probable targets for the immediate short term . welcome comments and dissenting views
BTCUSDT wants the breakout?The price bounced on the monthly support on 29300$, it's a key level for Bitcoin.
Now the price is testing an important resistance on 4h timeframe on the 0.382 Fibonacci level.
How to approach?
IF the price is going to retest it as new support, According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
AXSUSDT ready for the breakout?The price tested the 1.272 Fibonacci Extension on the daily support (16.6$)
In that area the price got liquidity and retested for a new local bullish impulse.
On the 4h timeframe the price tested the 0.886 Fibonacci level below the 4h resistance.
How to approach it?
The price needs to create a new breakout from that area and retest the current resistance as new 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 🦐
IOSTUSDT needs to have a breakout from itThe price had a breakout from the dynamic resistance below the monthly resistance on 0.02$
How to approach?
the rice needs to create a new bullish impulse above the 0.02$ area and retest the resistance as new 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 🦐
KCSUSDT had a breakout! 18$ is coming!From my first idea, the price gained 37%.
now the market is testing the 4h resistance after a breakout from the descending channel, and as I told you in my previous analysis, the price wants to retest the 18$, it's a key level.
How to approach it?
The price needs to create a clear breakout from the 17$ resistance, 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 🦐
BTCUSDT is creating a channelThe price is testing the monthly support on 29k after the breakdown from the daily support on 31800$.
On the 4h timeframe, the price is creating a channel above the monthly support.
How to approach it?
IF the price is going to have a breakout from the monthly support and grab new liquidity from the demand zone, we can add in our watchlist for a new long position according to Plancton's rules
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.