GBPCHF a turn at the 0.618 🦐GBPCHF on the 4h chart is currently testing the 0.618 Fibonacci level.
The price after the attempt to break above the daily resistance created a false breakout started a retracement move in a falling wedge pattern.
How can we approach this scenario?
I will wait for the European market open and, in the case that the market will break above the resistance at the 1.22900 area, we will set a nice long order according to the Plancton's strategy rules.
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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.
Finonacci
IMO BTUSD headed to 43,400-45,500.Currently I have an active Buy in for BTCSD since the 11th of February after we reached 41,800 which is my .382 fib level. We continued to reject this level at 42,000 and range between here and 42500.
Targets are still the same as my most recent Idea,
43,400 - 45,000
will post another update soon. Take care
USD/CAD Technical AnalysisUsing the range between 1.26 support and 1.27 resistance, price has formed a triangle pattern and broken and retested the descending trendline. Coming off of the 0.618 level of the fibo, I expect this pair to ride to the previous high and major resistance which is the 1.29 area again. I have put my sl beneath the 0.618 level but I do not believe it will break the previous low of 1.2610 before going to the target area.
BNBUSDT AnalysisHello Traders!
BNB Is about to give a strong breakout and the good time to buy is after the breakout.
If we look in a smaller timeframe we will see it's in accumulation that is going to break the downside and it will be a final dip of BNB. This dip will touch 0.786 Fibonacci Level.
0.786 Fibonacci level will be a good level to buy but the best time to buy will be the trend breakout.
Potential Breakout for REEFBullish pendant forming with Fib retracements.
Stong fundamentals
Built on polkadot.
ADAUST Weekly Range| 200MA| Weekly S/R| .50 Fib| 21MAEvening Traders,
Today’s analysis – ADAUSDT- initial respect of the weekly resistance, Price Action has a probability if retracing here.
Points to consider,
- Impulsive Price Action
- Range-mid support (21 MA Confluence)
- Weekly S/R Resistance (200 MA&EMA Confluence)
- Oscillators overbought
- Volume Climax
The immediate Price Action on ADAUSDT has been impulsive, currently testing Weekly S/R where a rejection is probable. The Weekly level has the 200 MA and EMA converging, adding more technical confluence to resistance.
Range-mid is the immediate support, Price Action has the probability of retesting and holding this level as it is in technical confluence with the 21 MA.
Both oscillators are above overbought conditions, a price retracement will allow for the RSI and Stochastics to return to neutral.
The volume profile has a valid volume climax, this is indicative of a temporary top being set as price finds its equilibrium.
Overall, in my opinion, ADAUSDT is a valid short with defined risk; price action is to be used upon discretion/management of trade.
Hope this analysis helps
Thank you for following my work!
And remember,
“Sheer will and determination is no substitute for something that actually works.” – Jason Klatt
EURAUD is GOING to the MOON!After analyzing quantum-patterns, harmonic-quantum-patterns, frequency-waves, market-geometry, fibonacci, gann-box, trend...
I've found this 'qantum-anti-gravity-price-zone', and ... just don't let it go. Let's wait for #Bloodhound'sEffect! And #BePatient!
"It takes me 30 seconds to predict the market for the week, these drawings are decorations, this is another level".
"Fibonacci is in all his creation. I only saw all its splendor in the universe, and if it is applicable to the universe, also to trading, because the market reveals human nature, which in turn reveals the golden number". #SmartDesign
"I see the market as a videogame ... but, now I'm turning serious. It's the time for the pip's party".
"I just understood the quantum-universe and its extension, and I applied-it to trading (in collaboration with Sniper's Brothers), I feel good to know that I was the first to develop Quantum-trading, Qantum-time-analysis and Qantumpatterns (in my first 3 months of trading, maybe I was born as a crack ...), with this, you have the market in your hands, basically ... 5-17 hours a day of trading's study were worth it, although it almost killed me ... but, I'm here now for breaking the market as always. We're going to change the history of trading so far, with some corrections to Elliot-waves".
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Info: I don't use SL, these SL are for reference.
GSW new trade?Its look like that the current price is worth to watch. Fibos, Gan all crossing in the same price. RSI is at 50 level.
My play i buy, its a cheap one so i can play with no pain in my stomach :))
What do YOU see?!I choose another method for showing what we have in US30
We have five waves A,B,C,D,E (Elliot waves)
Every wave begins from 38-50 percents of previous wave
1- Wave C begins from 50% wave A
2- Wave E begins from 38% wave C
Now we should ask ourselves where new wave begins? (38-50 % wave E)
In other hand, in Elliot waves theory when you finish fives main (uptrend or downtrend) waves, you will have three sub waves that are inverse previous trend (downtrend or uptrend).
The question is: WHAT DO YOU SEE HERE?! (Hint: google the Elliot waves IMAGES)
EURGBP PULLBACKwith price having its substantial drop this past week im assuming this pullback is a little needed for the euro pound, as you can see we have a sold support here at .89638 and are just looking for a move to .9050, simple trade simple execution
Good luck my friends with your entries, please message me for further details or any help and blessed trading! :)