CADCHF bull reversalCADCHF made a double bottom in the daily timeframe hitting a very strong weekly support level.
Setup two buy positions aiming at top of first range bound price action around 0.6800 and second level range resistance at 0.6936. Monitor to see reaction to long-term trendline coming from May 2022.
Weeklysupport
BNB: DO OR DIE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this BNB update. As you know recently we have seen many FUD against Binance. No one knows whether these fud are true or not but we trying to understand the situation by reading the chart.
BNB is currently trading around the $245 level. It is trading inside a descending triangle in the weekly time frame. It has very strong weekly support at the $210 level. If BNB breaks and closes below the $210 level then I didn't see any good support until $40 in this weekly chart.
So is it possible that BNB goes in two digits? Don't know yet but nothing is impossible in crypto. We have to see many unlikely events this year like FTX, 3AC, LUNA, and many more. So that's why anything is possible. All we can do is stay alert and preserve our capital.
Until BNB holds above the $210 level it is safe and it's a good buying zone with a little SL of below $200
Let's see how next year will come to us. Hope for the best.
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Alos, share your views in the comment section.
Thank You!
FTT Must Hold Above $22; or Be DestroyedFTT has traded within this Giant Falling Wedge Pattern and is at a Weekly Support Level like the SPX and Nasdaq as well as the Pattern Completion Zone of a Bullish Gartley so Long as it holds above support we should see a Decent Breakout Very soon from here Potentially to $60-$71.
BITCOIN DOMINANCE AT MAJOR SUPPORT! BE CAREFUL WITH YOUR ALT BAGHello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this Bitcoin Dominance update. Those who don't know, BTC.D works inversely with Altcoins. It means when BTC.D dumps, Alts will pump and when BTC.D pumps, Alts will bleed.
Now let's get to the chart.
Currently, Bitcoin dominance trading below 40 and it is at the major support level in the weekly time frame. Every time dominance comes at this level we have seen a pump and bloodbath in Altcoins.
BTC.D goes below 39.30 level only one time which happens in 2018. This 39-40 range is a very strong support so we see a bounce from here and if it bounce then be ready to see huge dump in Alts.
It's better to stay cautious now.
Invalidation:- Weekly close below 39.30 level.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
ALPHAUSDT in descending channelALPHA approaching weekly support and from there it will go on liquidity hunt towards the untested orderblock.
Analysis:
Trapped in descending channel
Testing 4hour as resistance
Traveling towards weekly support
Will hunt liquidity from below order block
Entry: 0.3161, 0.2646 and 0.2216
Stoploss: whatever you can afford to loss :)
potential Butterfly 🦋 USDCHF - Potential Butterfly, Looking for a pullback towards the DL trading away from the DH to fill previous imbalances before looking for reversals to take this long!
Let me know your thoughts!
** Disclaimer ***
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
NZDUSD can move lower ? 🦐NZDUSD on the daily chart reached as expected the support area.
The price is now testing a dynamic support and according to Plancton's strategy IF the price will break below and satisfy the ACADEMY conditions we will set a nice short order.
–––
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.
EURJPY can move further low? 🦐EURJPY after our last analysis moved as expected to the support area.
The market is now trading over a weekly support and already retested the trendline.
According to Plancton's strategy if the price will break below and satisfy the ACADEMY conditions we will set a nice short order.
--––
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.
AUDCAD can break the support? 🦐AUDCAD on the daily chart is testing for a 4th time a weekly support.
The price is in a downtrend and tested the 0.382 Fib level after the last bearish impulse.
According to Plancton's strategy if the market will break below and satisfy the ACADEMY conditions we will set a nice short order.
----
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
GBPUSD on a break of the weekly support 🦐GBPAUD on the 4h chart after the last bearish impulse tested the 0.5 Fibonacci retracement level and is now breaking below the weekly support.
According to Plancton's strategy if the conditions will be satisfied we can set a nice short order.
–––––
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.
GBPUSD on a retest of the structure 🦐GBPUSD after the break below the weekly support is currently retesting the structure at the 0.5 Fibonacci level.
According to Plancton's strategy if the price will show us a sign of inversion and satisfy the ACADEMY rules we will set a nice short order.
------
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.
GOLD daily analysis 🦐GOLD on the daily chart got rejected by the confluence point at the daily resistance.
The price created a triple top on the 0.618 Fibonacci retracement level and now is moving to the support structure.
According to Plancton's strategy if the price will break below we will set a nice short order following our Academy rules.
--––
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 questions.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
EURNZD a sell opportunity 🦐EURNZD on the daily chart ends the correction in the ascending channel and now testing the support area.
The price starts the bearish move at a confluence point enlighten in the chart and now is breaking below.
According to Plancton's strategy if the price will satisfy the academy rules we can set a nice short order.
–––––
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.
GBPCHF a short opportunity 🦐GBPCHF on the daily chart is currently testing a weekly support.
The market after the break of the ascending channel tested twice the structure.
According to Plancton's strategy if the price will break and close below we can set a nice short order.
--––
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.
EURJPY in a descending channel 🦐EURJPY on the 4h chart is moving in a descending channel and reached the 129 area.
The price, after the test of the weekly support, made another test of the weekly ascending trendline and now is creating a lower high.
According to Plancton's strategy, if the price will break below and satisfy the Academy rules, we will set a nice short order.
--––
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.
EURJPY testing a weekly structure 🦐EURJPY on the 4h chart has reached the 129 area.
The price after the test of the weekly support made another test of the weekly ascending trendline and now is creating a lower high.
According to Plancton's strategy if the price will break below and satisfy the Academy rules we will set a nice short order.
--––
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.
EURJPY testing a weekly structure 🦐EURJPY on the 4h chart has reached the 129 area.
The price after the test of the weekly support made another test of the weekly ascending trendline and now is creating a lower high.
According to Plancton's strategy if the price will break below and satisfy the Academy rules we will set a nice short order.
--––
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.
EURUSD a bounce on the weekly support 🦐EURUSD after our last profit bounced exactly over the weekly support at our take-profit.
The price has now broken the descending channel and currently is testing a minor resistance.
According to Plancton's strategy if the market will break above we will set a nice long order.
––––
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.
SILVER is testing a crucial level 🦐SILVER on the daily chart is moving inside an ascending channel.
The price has now reached the lower trendline over a weekly support.
According to Plancton's strategy if the price will break below we can set a nice short order.
–––––
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.