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Resistances

CTKUSDT is testing the monthly resistanceThe price is in consolidation phase above the daily support and below the monthly resistance (0.89) The price got rejections from 0.95$ from the supply zone. How to approach it? IF the price is going to have a breakout from the monthly resistance and 4h resistance and 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 🦐
Long
by InkyGrip
16
ETHUSDT is testing the 4h resistancesthe price tested the monthly support where the market got new liquidity as I told you in my previous idea. Now the price is testing the 4h resistances, as you can see on the left, the price has several structures on that area. How to approach it? The price needs to create a new breakout from it, and retest the 2k 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 🦐
Long
by InkyGrip
22
ETHUSDT is testing the resistance. ready for the breakout?The price got liquidity from the monthly support as I told you in my previous video. the monthly is an important key level on 1700$. Now the price is testing the 1925$ resistance where the price bounced several times it means that this level is so important for the market. How to approach it? The price needs to have a new breakout from the level, thus, the price could retest the previous resistance as new support on 0.618 Fibonacci level, in order to get new liquidity for the next 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 🦐
Long
by InkyGrip
18
ETCUSDT is testing the 4h resistanceThe price bounced exactly in the 1.127 Fibonacci Extension on 17.25$ and the market started with a triangle on 4h timeframe. now the price is testing the 4h resistance at 24.5$ where the price got a rejection a few days ago. How to approach it? the price needs to have a new breakout from the resistance 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 🦐
Long
by InkyGrip
2
FLMUSDT needs to recover the monthlyThe price is creating a falling wedge on the daily timeframe after the breakdown from the monthly support on the 0.12$ On the 4h timeframe the price bounced on the dynamic support How to approach it? The price needs to create new bullish impulse with momentum and volumes. IF the price is going to recover the monthly support as 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
2
CARDANO-Good context for double bottom Hello everyone CARDANO is an asset worth investing, with a good white paper an good perspective, but a well made pattern and context is needed. On daily chart, we have a good context for a reversal,which includes higher lows, a possible double bottom pattern and some good volume on that shows less selling pressure than before, but a breakout of bear trend line is needed for the conformation of a new trend, or maybe the market is testing the previous trend line ( Dash line). For now we have support levels of 0.75$ , 0.725$ and previous bear trend line; For resistance, 0.82$ ,0.85$ and the new bear trend line are in our way.
by HubAlgo
6
[Bitcoin] Is it finally rebound? But still be careful!#Crack #Bitcoin #Binance #Daily #briefing - Bitcoin, which had been on a bull trend since the start of the daily candle the day before, showed an additional bull trend following the announcement that Powell's interest rate hike of 75bps was not considered and broke the $39.2k-$39.5k resistance. - Further bull trend can be expected with a strong rebound at the bottom of the orange bull trend channel and the $37.7k support section, but I think it is too early to say that it has completely turned into a bullish trend as it failed to break out the resistance of $39,742, the closing price that was resisted during the previous movement. - $39.2k-$39.5k support is important when the $39,742 resistance is failed, and if the support in the corresponding area fails, we can expect a further bearish trend to confirm the $38,525 support. - If the $39.2k-$39.5k or $38,525 support is successful and rebounds, we can expect an upside to $41.5k-$41.9k in the short term and $43.9k-$44.5k in the long term. - If a correction appears by $38,525 but support fails, consider the possibility of a $35k-$34.2k support confirmation. - As mentioned above, as it failed to break out of the $39,742 resistance, there seems to be a risk in chasing after the previous day's bull trend.
by Tommy_Trader
1
Cosmos-When will this bear market end??!Hello everyone Since the 3ed of April we had some good falling momentum in the market for ATOM.But I have to consider the investors and holders feelings too. in the last 2 days we have seen the lowest price for ATOMUSDT in 2022. As you can see we had a support level on 20$ and it seems like we had a reaction from the market in this level, But does this mean a reversal will happen? Well No, reversals rarely happen in the market, but consider today's bar a good setup for it and keep an eye out. I think we can have a bear flag pattern in smaller timeframes happening here, because of the bad news in wallstreet and that we don't know how long will the effect of it last.In daily we have a daily trend line which can turn into a wedge formation, creates a pinbar (3 candles pattern)and give us a possible breakout to the resistance level of 23$ above or maybe break out of that too. P.S. I know the trend line created a triangle pattern BUT this is the lowest we have been in 2022.
by HubAlgo
VLXUSDT is testing the historical support! Ready for the bounce?the price is testing historical support on 0.19$ as you can see on the upper chart, where the previous bullish impulse started. On the 4h timeframe, the price is creating a descending channel How to approach? The price needs to hold the support and have a new breakout from the descending channel and static resistance and 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 🦐
VLong
by InkyGrip
10
GOLD- bull flag on weekly Hello everyone As I explained last time, there was possibility of lower prices here,and well we had a small bear flag on 4 hours .As for this week, we might have a small swing to the lower channel and a touch on 1920$ as the context implies we may face a steep bear market in the future, but for the structure on weekly, we have big bull flag and on daily If current support level hold the price we will have higher high's, and can see better future for XAUUSD. Current support level 1930$, key support level 1920$, and our resistance level is 1960$.
OANDA:XAUUSD
by HubAlgo
XMRUSDT is testing the resistance The price is in the accumulation phase below the daily and weekly resistance on 226$ As you can see on the daily timeframe the price created a double bottom in 140$ area, created a W pattern retested it for a new bullish impulse until the current resistance. on the 4h timeframe, the price is creating a channel between the 209 and 226$ How to approach? The price needs to have a CLEAR breakout from the weekly 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 🦐
XLong
by InkyGrip
8
Price Prediction with Possible Support and Resistance for BTCIt seems we are in a megaphone and according to the fibonacci replacement we should not break our support area. For the bullish expectation, we definitely need to go above ma50 as soon as we take the 4-hour timeframe as a basis. It is inevitable that the Megafon lower band of $38,500 will come in a possible support area breakout. In the positive scenario, if we can rely on the instantaneous appearance of the stochastic relative strength index, our journey to the $43,000 resistance will continue with the support we will receive from the fibonacci golden pocket level.
by the6ylal
LUNA (Terra) or Terra (LUNA)?I doubt LUNA showed up on anybody's screener today, it's right in the center by most traditional TA metrics. But I think LUNA is set to become hotter than sliced bread, soon! (don't quote me) Looking at Fibonacci extension, the price is right in the golden pocket. What I'm interested to see is if LUNA will cruise along the daily Support or pursue the Ascending/Descending channels' cross. I think it'll be clear when LUNA starts to move, even a simple % change in day to day volume is a strong flag. But I'll double check, just in case it's a trap. This is my Thesis, targets are purely hypothetical based on my analysis. This is NOT Investment and/or Trading Advice. Happy Trades! ❤️ If you enjoy my ideas, Please like/comment, it means a lot, Thank You! ❤️
by WhoIsWu
O (Realty Income Corporation) - Bearish Multiple Top - DailyO (Realty Income Corporation) stock price has reached a two-year, all-time-high resistance zone of $72.56. If resistance holds strong, the stock price could pullback over time to test support below. O (realty income corporation) reports earnings on 05/04/2022. Entry (short): $71.56 Profit Target +4% (exit): $68.59 Stop Loss -2% (exit): $72.91 Utilize stop loss, position sizing, risk management. Note: XLRE real estate ETF has also begun to pullback on a daily chart. All content is Not financial advice. Trade at your own risk.
NYSE:OShort
by NoFomoCharts
Using Support & Resistance - BTC Trades I've Entered in 2022Hello Traders Here is a visual representation of the Bitcoin trades I've entered in 2022. As you can see I primarily swing trade using Key support and resistance levels. Trading successfully is about entering trades that have the highest probability of playing out in the direction you intend to trade. - Trades that typically have the highest probabilities are ones that are entered in key S/R levels and or when a mature pattern is formed. - For many of the trades I entered on the Key levels the probability of them getting a bounce was near 80% making it a high probability trade. - The key is to let the chart show you when it is time to enter a position. - As you can see I don't enter trades often but when I do they are high probability with maximum % gain potential. - On a side note in addition to BTC I trade Alts when they come into key levels in conjunction with BTC. - Patience is the name of the game with trading. - If you are a beginner the easiest trading method is the one shown here. Draw major / minor S/R levels on your chart where BTC has either bounced or been rejected and wait for those levels to be hit to enter a trade. Last note... I'm describing my trading method in its most basic form. There are obviously many other factors that I take into account before entering a trade. I don't just automatically enter every time a key level is hit. Other factors include news, how many times a level is hit, direction momentum, time counts, patterns, prolonged consolidation, trader sentiment, etc. If you are a beginner this is a great way to trade but please understand to time the market correctly you have to have a vast knowledge of trading. The reason I am saying this is for you to understand how important it is to constantly be education yourself on trading. The more you learn the higher your win % will be. Happy Trading and good luck!
BITSTAMP:BTCUSD
by natef1
Cosmos (ATOM) Buy ZoneCosmos (ATOM) Buy Zone -------------------- BIAS Mid-Term : Bullish Risk : High Cosmos is showing signs of strength paired to both USDT and BTC. Laddering orders all the way down to entry zone. -------------------- $ATOM/USDT LONG SETUP Leverage : x3 - x5 Entry Price : 24.25 - 24.75 TP 1 : 25.3 TP 2 : 25.9 TP 3 : 26.75 TP 4 : 26.25 TP 5 : 28.12 TP 6 : 29 TP 7 : 30.3 TP 8 : 32 Stop Loss : 23.5 *Maximum 3% of Portfolio. *Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry. --------------------
Long
by Zerene
1