Get started

Pullback

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. ––––– 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
12
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. –––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
Long
by InkyGrip
2
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 –––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
MLong
by InkyGrip
6
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 ––––– 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 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 🦐
Long
by InkyGrip
6
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$ ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
2
ETHUSD LONG POSITION CLOSE TO BREAKOUT!ETHUSD broke downtrend and started forming triangle pattern, already bounced once, now we are waiting for retracement to the bottom of triangle, and break out at the top and rise till 50% fib zone at 3564 zone, my entry point would be 2579 since there is a 50% fib zone and also it should hit Bollinger band at that point since it did it before (Also if you want even bigger risk to reward ratio you can enter at 2560, but there is more chance to get a breakout down and hit stop loss) and stop loss at 2271, it is more risky entry, since it could be a fake out and it could go back into down trend if you want a safer entry you can wait until it breaks out at the top of the triangle at (2848) and even wait for a retrace back after breakout, to make it as safe as possible but the reward will be significantly lower.
BITSTAMP:ETHUSDLong
by vf_investment
BTCUSD LONGBTCUSD completed full Elliot wave (1 to 5), and ABC correction downwards, bounced of a strong weekly support, and a bollinger band, which shows it should rise in price, it went up, bounce off of 61.8 percent fib zone and formed a 4h resistance, and went back to a weekly support, and bounced again, now it bounced again from a 4h resistance, and we should see a retrace to a 50 percent fib zone, where we should put our entry point, where the BTC should bounce up break the 4h resistance (it bounced off 3 times already so it is weaker). and rise up to a daily resistance and reach 51231 zone, our stop loss should be right below recent low (36613).
BITSTAMP:BTCUSDLong
by vf_investment
TSLA: How far a correction would be acceptable?Hello traders and investors! Let’s see how TSLA is doing today! It is correcting a little bit today, as we already expected, since we have an important resistance at this price level. Is this reason to panic? Not at all. TSLA triggered a bullish pennant, and the trend is bullish in the short-term, meaning, pullbacks are opportunities to buy/add positions. A pullback to the 21 ema or to the red line at $ 819 is acceptable, and this wouldn’t ruin the bullish bias. It could drop beyond this point, but this would ruin the bias and TSLA would need to do another bullish structure to reverse again. Yesterday, in my previous analysis, I warned you guys about the 21 ema in the daily chart (just check the link below in the "related ideas", if you are curious). This is the important resistance I mentioned in the first paragraph of this analysis. Only by breaking this resistance TSLA might become bullish again in the mid-term. Remember: Unlike the 1h chart, in the daily chart, the trend is still bearish. However, despite the 21 ema giving us a hard time, the volume is increasing again, and this is good news. Still, it is important to wait for a better bullish structure in the daily chart, in order to confirm a better reversal movement. For now, we might expect some correction in the short/mid-term, and this would be a healthy movement. Let’s wait for more signs. I’ll keep you guys updated every day on this, so remember to follow me to keep in touch with my studies.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
9