GALAUSDT is at a critical juncture as it tests the dynamic support level. Dynamic support refers to a technical analysis concept where a moving average or trendline acts as a support level for the price. In this case, the dynamic support level is being tested by the GALAUSDT price, indicating a potential shift in the market sentiment. If the price of GALAUSDT...
ALGOUSDT is inside an observable ascending channel formation with the price action moving within this channel below the 4-hour resistance level. An ascending channel is a bullish chart pattern characterized by the formation of two parallel trendlines, where the lower trendline acts as a support level, and the upper trendline serves as a resistance level. This...
DOTUSDT is currently undergoing an interesting market phase. The price action is testing a significant key level at $5,200, which is acting as a daily support level. This level has historically shown its importance as a support zone, attracting buyers and potentially triggering bullish momentum. Furthermore, the market is forming a pennant pattern. A pennant is a...
SXPUSDT has been following a pattern where the price consistently moves lower within the boundaries of this channel. At present, the market is testing the lower trendline of the channel, which represents a crucial level of support. Based on technical analysis principles, there is a possibility that the price might undergo a pullback from this lower trendline....
IOTXUSDT is testing the $0.022 area, which serves as a local support level within the market. This level holds significance as it has previously acted as a barrier for downward price movements. There is a possibility that the market could experience a pullback from this support level, leading to a retracement towards the 0.5 Fibonacci level. The Fibonacci...
EURCAD on the 4h chart is testing the weekly support. The price broke the counter channel after the test of the 0.618 Fibonacci level. According to Plancton's strategy IF the market will break below we can set a nice short order
USDCHF on the 4h chart after my previous analysis reached the 0.91000 area. The price is currently moving between 2 narrowing trendlines and this could be a sign of a continuation to the upside. According to Plancton's strategy IF the market will break above the structure we can consider a nice long order
USDJPY after the double bottom has created the expected impulse to the upside. The price broke the daily resistance and is trading around the 136 level below a minor resistance. According to Plancton's strategy IF the market will break above we can set a nice long order.
USDCHF on the 4h chart after my previous analysis reached the 0.91000 area. The price is currently moving between 2 narrowing trendlines and this could be a sign of a continuation to the upside. According to Plancton's strategy IF the market will break above the structure we can consider a nice long order
HIGHUSDT, on the daily timeframe, an intriguing pattern called the inverse head and shoulders is forming, indicating a potential trend reversal from bearish to bullish. This pattern is characterized by three distinct lows, with the middle low being the lowest point, resembling a head, and the other two forming the shoulders. After reaching a price level of $1.4,...
ENJUSDT is exhibiting a falling wedge pattern, which is a bullish chart formation characterized by converging trendlines sloping downwards. In this pattern, the upper trendline, which represents the declining highs, and the lower trendline, representing the decreasing lows, converge towards each other. The falling wedge pattern typically indicates a period of...
XRPUSDT has been in an accumulation phase for an extended period, specifically 371 days, within the price range of 0.53 and 0.29. Accumulation typically indicates a period of consolidation and potential accumulation of positions by market participants. Currently, a new descending channel has formed on the daily timeframe. A descending channel is characterized by...
MANAUSDT, has recently shown an interesting market behavior. The price has bounced from a demand zone, indicating a strong level of buying interest and support in the market. According to Plancton's rules, this bounce from the demand zone could suggest a potential bullish opportunity. Traders following Plancton's principles might consider waiting for a...
GBPCAD on the 4h chart has broken the weekly support and is currently retesting it. The price after the break has moved to the 50% of the previous impulse. A break of the lower support will see an increasing pressure of the sellers and according to Plancton's strategy if that will happen we will consider a short opportunity.
GBPUSD on the 4h chart after the bounce over the 1.23000 support created an impulse to the upside. The price tested the resistance at the 1.25400 and rretraced at the 0.618 Fibonacci level over a structure. According to Plancton's strategy IF the market will break above we can set a nice long order
it appears that ARBUSDT is showing signs of wanting to retest the supply zone. According to Plancton's rules, a potential new long position may be considered based on this retest. A supply zone is an area on the price chart where selling pressure is expected to be significant, potentially leading to a pause or reversal in price movement. In the context of...
THETAUSDT ,Currently, it is observed that THETAUSDT is inside a big demand zone. According to Plancton's Rules, if the price manages to have a breakout from this zone, it could present a potential opportunity for a new long position. Being inside a big demand zone suggests that there is a significant level of buying interest and support for THETAUSDT at the...
EOSUSDT, Currently, there is a potential opportunity for EOSUSDT to grab new liquidity from the 0.840 area. According to Plancton's Rules, a breakout above the 0.95 level could trigger a new long position. Based on the given information, it appears that EOSUSDT has been consolidating around the 0.840 area, which may be considered a liquidity zone where...