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Breakoutsignal

IOTXUSDT is testing the 4h resistanceThe price had a breakout from the bull flag and retest the 4h resistance on 0.10$. This area is very strong, if you look on the left you can see that the price got bounces and rejections from it, it means that the market "suffers" on this area How to approach? The price needs to have a new breakout from the resistance and confirm it. As you can see, the breakout is not enough, before the price had a false one, for that reason we are following Plancton's rules to open a new position. So, IF the price is going to confirm the flip, 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 🦐
Long
by InkyGrip
14
LINAUSDT is trying to have a breakoutThe price had a breakout from the daily falling wedge and had a breakout from the monthly resistance and retest it as new support. on the 4h timeframe the price is trying to have a breakout from the 4h resistance and ascending channel. How to approach? The price needs to create a new breakout from the 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 🦐
Long
by InkyGrip
2
ETHUSDT want to go higher 🦐The price is testing the 0.5 Fibonacci retracements as I said in my previous analysis (). The price is creating e new higher high above the previous on (3200) On the 4h timeframe, the price had a breakout from the supply zone. how to approach? the price needs to confirm and 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 🦐
Long
by InkyGrip
10
BTCUSDT wants the 51kIn my previous analysis () I said that the price needed the breakout, and it happened,. now the price is above the key level (monthly one - 46200). We could see the retest of the monthly or more deeper, on the previous 4h resistance where the market could get liquidity for the new impulse. The next valid resistance is 0.5 Fibonacci level on the monthly timeframe (51k) How to approach? The price needs to confirm the flip, the buyers need to hold the price above the 46200. IF the price is going to satisfy our rules, 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 🦐
Long
by InkyGrip
12
XRPUSDT wants to go higherthe price had a breakout from the bullflag and monthly resistance due to the news. After that, the price got a rejection from the daily resistance on 0.85$. On 4h timeframe, the price s testing the previous resistance as new support and the price needs to grab liquidity to confirm the breakout of the monthly area on 0.78$. How to approach? If the price is going to have a breakout from the resistance area, 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 🦐
Long
by InkyGrip
6
LRC retesting!Look like small bull flag printing, at the same time retesting the previous resistance zone. 30m chart looks bullish, 1 and 2H could turn up also. Anyway, the safest is to behave like its just a scalp trade, that will do no harm. SL is A MUST. BTC bulls are not so happy since it printed lower high on 1H chart, I recommend watching BTC PA if in any trade... This is just an update of the previous chart, the link is below. Good luck traders and if you would like to help me just smash that thumbs up button. Thanks
Long
by PhilosophersStone
4
AUD/USD Inverted and Ascending ScallopsIn the chart above AUD/USD has formed two Inverted and Ascending Scallops. These chart patterns look like the right side of an umbrella. The price quickly rises, before levelling off near the top in an inverted cup formation. The beauty of these patterns is they perform very well in both bull and bear markets. Breakeven Failure rate: 9% Average Rise: 45% Throwback Rate: 66% Percentage Meeting Price: 64% Usually, we would be looking for an upward trend leading to the pattern or at least a bullish turning point of a downward trend. In this case, the 8 days before the formation were downward. But since the end of February 2022, the price trend has been upward. So this may not be exactly ideal. The currency pair is AUD (Australian Dollar) / USD (US Dollar). This represents how many US Dollars one Australian Dollar will buy. So, for example, the GBP/USD is the British pound to the US Dollar. Currently, it's at 1.32. So if you got one British pound and converted it to US Dollars, you would get 1.32 in return. The main thing to understand here is, the currency pair will be affected by both Australian and US politics. So, even though this trade is on the one hour chart, you will have to watch out for any news coming out of the US and Australia. In my estimate, it may be at least one month before you see any good returns - that is if the pattern breaks out upwards. One month in the currency trading world is a long time. So if you are making this trade, watch out for any news and make sure you have a well-timed stop loss. Using the Measure rule, we can form an estimate of where the price will go. In this estimate, I will separate both scallops and then combine them to get three estimates. Scallop One (The largest and first one on the chart): From the lowest Valley in the scallop to the highest peak in the pattern, the difference is 0.02404. The percentage meeting price (64%) X 0.02404 is 0.0153856. 0.0153856 + the price of the highest peak in the pattern is 0.7576156. This represents a 2.07% rise. Scallop Two: From the lowest Valley in the scallop to the highest peak in the pattern, the difference is 0.01589. The percentage meeting price (64%) X 0.01589 is 0.0101696. 0.0101696 + the price of the highest peak in the pattern is 0.7640196. This represents a 1.35% rise. Combining both Scallops: From the lowest Valley in the scallops to the highest peak in the patterns, the difference is 0.03574. The percentage meeting price (64%) X 0.03574 is 0.0228736. 0.0228736 + the price of the highest peak in the patterns is 0.7768036. This represents a 3.03% rise. To conclude, above are the three price targets you can use for an estimate. The breakout is when the price closes above the highest peak in the pattern. In this case, the first scallop has already broken out upwards successfully. So we will look at the second scallop for a breakout. Also, as the first scallop has broken out already, I would personally only use the second scallop estimate for a price target. Another thing to look out for is heavy breakout volume - as this suggests better performance. For the first scallop, there wasn't heavy breakout volume during the breakout. But, the pattern still performed well. So the heavy breakout volume isn't that important.
Long
by BlackbearTrader
KCSUSDT is testing the daily resistance The price retested the 0.786 Fibonacci level on the monthly timeframe. On the daily timeframe, the price is testing the daily resistance on the 19$, as you can see on video, the price got rejections from that area, it means that this area is very strong, and the market needs a clear breakout from it with volume. On the 4h time frame we can find two supply zone, the first one around 19.5$. How to approach? IF the price is going to have a breakout from the daily resistance, According to Plancton's strategy , we can set a nice order The next valid resistance is 21$ ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
6
Similar to Dogecoin, CompUSD looks ready to break!Traders, This one looks similar to my DogeCoin post a few days ago (see link to related ideas below): Inverse H&S pattern - looks to be playing out Clear target at area of confluence Similar pattern as many other altcoins ...tackling a major MA So, here's the way I'd play this (also, similar to the recent dogecoin post): #1 - Zoom in to the 4 hr chart. #2 - Now, pending your risk tolerance here's how I would play this: ------ Balls of Steel Risk Tolerance - wait for confirmation above the 50 day MA. Once I see a candle close above the 50 day, that's my sign. I enter. ------ "Meh" Risk Tolerance - wait for confirmation above the neckline at $125. Once I see a candle close above that neckline, I'm golden. ------ "I'm so scared" Risk Tolerance - for you chickens that wouldn't cross a sidewalk crack without looking both ways - wait for both closing candle above $125 and another candle to open and close above $125 on the 4 hr, then enter if you dare. Targets: You first target shall be $152. If you still have your grips on that diamond, then go $170. Best to you all! Beer money appreciated. -Stew
COINBASE:COMPUSDLong
by stewdamus
6
BTCUSDT is testing a key level In this analysis, we start from monthly timeframe and we can see how the price respected the Fibonacci retracement on 0.786 level, and we create new weekly and monthly structures. on the Daily timeframe the price created a strong area on 43-44k where the market is trying to have a breakout. On the 4h timeframe we can see how the price is testing the 0.886 Fibonacci level as new resistance. How to approach? We need to see a new breakout from the daily resistance with Volume and momentum, because that area is very strong and we could see a false breakout from it, for that reason we are following our rules. A breakout is not enough to open a new long position, the price needs to satisfy our rules. IF the price is going to satisfy all our checkpoints, we can open a new long position. the next valid resistance is on the monthly resistance on 46800 ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
Long
by InkyGrip
29
RUNEUSDT is testing the 0.618 Fibonacci levelthe price got a rejection exactly from the monthly resistance at 5.8$. After the rejection, the price is going to test the 0.618 Fibonacci level on the daily support at 4.32$ on the 4h timeframe, you can notice a false breakout from the monthly resistance How to approach? If the price is going to have a breakout from the 4h resistance at 4.5$ and r3etest 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 🦐
Long
by InkyGrip
6