OGN pullbackGauging my skills at spotting Pullbacks.
Target #1 0.3239
Target #2 0.2907
This is my Thesis, targets are purely hypothetical based on my analysis.
This is NOT Investment and/or Trading Advice.
Happy Trades!
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BINANCE:OGNUSDTPERP
COINBASE:OGNUSD
Pullback
Drep is ready to surpriseHello traders!
Alt season is starting and it's not a surprise we will see many bull rides but it's a surprise that Drep will show a strong bullish move. We will soon see a surprise rise to atleast 4.5 which is about 680% from the current price.
We can see the bullish curve on the chart and we can only notice 3 bulls' tips and it can form 5-9 rises like that so we can expect at least 2 more bullish runs that will break the curve line.
It's at a perfect buy position because we can see a pull-back pattern and this can be the start of a big bull run.
Don't forget to hit the like button and follow to stay connected.
BTCUSDT is testing the previous support zoneThe price got a rejection from the supply zone as I told you on the previous analysis.
On the daily timeframe, we can see a resistance exactly on 41800$.
On the lower timeframe, the price is testing the previous support area.
The price created a new Higher low after a bounce on 41800, and now the market is looking for the next bounce. the price could create a new Lower higher and then a new Higher low.
How to approach?
If the price is going to lose the 38k Zone and retest it as new support, According to Plancton's strategy , we can set a nice order.
The next valid support remains 34k
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
SLVEST - Pullback / ContinuationIt has been on a downtrend since last March. We are now seeing a 2nd trend reversal since then. However, it has yet to break out from the main downtrend.
For this pullback, the Resistance breakout at 0.84 with a long candlestick & high volume will signal the continuation of this reversal.
TP1 is 0.99 & TP2 is 1.115
BTCUSDT could have a pullback on the previous supportThe price had a very nice green candle from the 0.618 Fibonacci level on the daily timeframe and from the dynamic support.
At the moment the price is testing the old resistance where the price has a supply zone.
We could see a rejection until the previous weekly resistance on 40500$.
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 🦐
Wallstreets wants the Q's weekly EMA 200 again?Currently we are inmiddle of one of the most chaotic times, and stockmarket is starting to price in some serious fears into the market.
Just eventually be prepared, that wallstreet might be aiming for some real deep value here.
Btw. currently we buy the 100 week average price on nasdaq, not the worst spot to maybe start a fresh longterm depot, DCAing on the way down to maybe the weekly 200 might be somewhat of a chance with long horizon.
Stay safe guys, trade setups coming soon again, busy times..
S&P500: Selling On A Pullback 8-3-22 S&P 500 – Cash: Selling A Pullback Into The Range Of Bearish Fakey Setup
Price Action: There is no new price action signal to note at this time.
Price moved lower from the recent Bearish Fakey Setup that had formed, mid-last week.
Price broke and closed under the 4245 – 4270 prior key support area.
Price briefly moved higher from the prior Bullish Pin Bar signal that had formed, over a week ago (We did not consider trading this signal as it had formed just under the short-term resistance area and against the recent short-term Bearish trend).
Potential Trade Idea 1: For more aggressive traders, we are considering selling if price pulls back to within the range of the recent Bearish Fakey setup, with risk management above the Fakey Bar.
Potential Trade Idea 2: We are still considering selling on a retracement higher and only after clear price action signal, whilst price remains below the 4484 – 4494 resistance area.
LUNAUSDT reclaims the weekly supportThe price had a nice bull run until 97$ on 1.13 Fibonacci level.
On the daily timeframe, the price lost the 88$ support.
on the 4h timeframe, the price could retest the 78$ thee weely support after a retest of the previous daily support now the new resistance around 87-89$ where the price finds the 0.618 Fibonacci level.
How to approach?
we will expect a retest of the daily resistance and a new rejection until 78$ weekly support.
bearish short term, bullish after the bounce on 78$
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 🦐
BTCUSDT wants to retest 40kThe price got a rejection from 45-46k zone from the weekly resistance and created a double top on in.
At the moment the price is testing the last daily support on 38500 before the weekly one on 34k
On the 4 timeframe, the price is trying to have a bounce on that area, so we could see a retest on 40k in the next few days
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
ETHUSDT wants to retest the previous support as new resistanceThe price got a rejection from the 3k area on the weekly resistance failed to have a breakout from the dynamic daily resistance. After the breakout of the daily support on 2800, the market retest the 4h support as new resistance on 2750$
Now the market is trying to hold the previous daily support.
We could see a pullback until the previous 4h resistance around 2750-2800$ where the price will find the Fibonacci retracement.
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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.
CROUSDT is testing the supportThe price is testing important daily support on 0.40$ where the price bounced several times in the past.
On the 4h timeframe, the price is trying to create a double bottom on it, after a rejection from 0.42$ as new resistance.
How to approach?
We will expect a pullback until the previous support now new resistance on 0.42$ and 0.5 Fibonacci level.
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
DOTUSDT pullback?The price got a rejection from the monthly resistance on 1.7$.
If you look at the upper chart you can see how the price got rejections in the past, it means that this resistance is very strong.
The price is trying to hold the 1.5$ daily support.
On 4h Timeframe, the price could a pullback until the 0.5- 0.618 Fibonacci level
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
BTCUSDT wants a pullbackThe price is testing the Daily support on the 0.618 Fibonacci level as I told in my previous analysis.
We Could see a pullback on the previous 4h support now new resistance around 43k.
As you can see the 40k is a key level, if the price is going to lose it and retest as new resistance we could see a bearish impulse until the 34k
How to approach?
In a short term, we could see a bullish impulse until the 43k.
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 🦐
ETHUSDT wants to retest the resistanceThe price got a rejection from the weekly resistance on 3050$ and lost the daily support on 2900$ as well.
on the 4h timeframe, the price is testing the daily support on 2730$ where the price could get a liquidity for a new pullback on 2800$
How to approach?
In the short term, we could see a pullback on the previous support now new 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 🦐
TRXUSDT is going to have a pullbackThe price is testing the 4h structures after a rejection from the 4h dynamic
resistance.
We could see a pullback on previous support now new resistance.
How to approach?
If the price is going to lose the current support and retest as new resistance According to Plancton's strategy , we can set a nice order
the scenario is invalidated if the price is going to have a clear breakout from the daily resistance on 0.062$
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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 🦐