THETAUSDT is a cryptocurrency trading pair consisting of THETA (a decentralized video streaming platform) aRecently, the price of THETAUSDT experienced a bounce on the weekly support level at around $1.04. This indicates that there was significant buying activity at that price point, which prevented the price from falling further. After the bounce, the price of...
DOTUSDT is testing the 4-hour timeframe at the 6.5 dollar area, which is also a daily resistance level for the market. If the price of DOTUSDT manages to break through this resistance level, it would indicate a bullish trend, according to Plancton's Rules. In such a scenario, traders and investors may consider opening new long positions in anticipation of further...
FXSUSDT has been forming a pattern of higher highs and higher lows, which is a bullish trend indicating a potential uptrend in the price. This pattern is characterized by the price forming higher highs and higher lows with each subsequent price swing, indicating that buyers are willing to pay higher prices for FXSUSDT. This trend can be seen on multiple...
FTMUSDT is testing the 4-hour resistance level at $0.48, indicating that buyers are currently struggling to push the price higher. However, it is important to note that there was a clear bounce on the daily demand zone, suggesting that buyers are still present and actively purchasing at lower price levels. If the price manages to break out of the 4-hour...
After our previous analysis, GOLD on the 4h chart shows more bullish strength and the price reached the 2040 level. A break of the weekly resistance indicates that the bullish pressure has increased and a possible break over the 2050 area can happen. How can i approach this scenario? The price has retraced on Friday over the previous resistance now turned...
The price has recently bounced off the 0.786 Fibonacci level, which is considered to be a potential level of support or resistance. The statement indicates that the trader is waiting for a breakout from the channel, which could potentially signal a new long position according to Plancton's Rules, a set of guidelines for technical analysis. ––––– Follow the...
The price has formed a series of higher highs and higher lows, indicating an uptrend in the market. After testing the resistance level at 1.09500, the price retraced to the 0.786 Fibonacci level, which suggests a healthy pullback in the uptrend. The fact that the price has retraced to the 0.786 Fibonacci level, which is considered a deep retracement, indicates...
EURJPY on the 4h chart after a few test of the daily support at the 140 level started a love to the upside. The price attempt a few times the break of the structure at the round nu,ber level without any success and after the last impulse the market retraced at the 0.382 Fibonacci level and is currently trading below a minor resistance area. How can i approach...
USDCAD on the 4h chart after the expected bearish impulse retraced exactly at the 0.381 Fibonacci level. The price is moving in an ascending channel that can also be seen as a bear flag. How can i approach this scenario? If the price will break below the lower trendline and the support we can set a nice short order according to Plancton's strategy Or else we can...
1INCHUSDT is currently testing the 4-hour resistance level at the $0.58 mark, which indicates that there is significant selling pressure at this level. According to Plancton's Rules of Trading, if the price manages to break out above the 4-hour resistance level, it may be a signal to establish new long positions. However, it is important to note that the price...
SFPUSDT is testing the dynamic daily resistance level below the $0.52 mark. This suggests that there is significant selling pressure at this level, and traders are closely watching to see if the price will break out above it. According to Plancton's Rules of Trading, a breakout occurs when the price moves above a significant resistance level, indicating a shift...
GBPUSD after our previous analysis reached the 1.25000 level and retraced to the 1.23500 at the 50% retracement. The market is still in a bullish bias and IF the market will break the daily resistance we can look for a nice long order according to the Plancton's strategy rules.
After the test of the lower support at the 66 level and the recent decision of several top producers led by Saudi Arabia to output cuts the price is back at the top of the previous range between 72-82. I can see the gap which has to be filled sooner or later but in this moment the target might be the upper level where a lot of liquidity stays. How can i approach...
BINANCE:ALGOUSDT is currently testing the weekly resistance level at the 0.23 USD area, which is an important level to watch as it has acted as resistance in the past. A breakout above this level could signal a bullish trend continuation, as it would indicate that buyers are willing to push the price higher despite the resistance. Traders may want to wait for a...
GRTUSDT is forming a new inverse head and shoulders pattern, which is a bullish reversal pattern. This pattern is formed by three lows, with the middle low (the head) being lower than the two surrounding lows (the shoulders). The pattern is complete when the price breaks above the neckline, which is formed by connecting the highs between the shoulders. The inverse...
LINKUSDT is in an accumulation phase between the weekly support and resistance levels of 5.2 and 9.4, respectively. Currently, the market is testing the daily resistance level at 8.3 USD, which is an important level to watch as a breakout from this area could signal a bullish trend continuation. According to Plancton's Rules, if there is a breakout above this...
INJUSDT has been trending downwards and is currently inside a descending channel, which is a technical pattern that is formed by drawing two parallel trendlines that connect the lower highs and lower lows of the price action. The upper trendline represents the resistance level, and the lower trendline represents the support level. In the case of INJUSDT, the...
Synthetix Network Token (SNX) has recently bounced from the 0.618 Fibonacci level, which is a significant level of support. The price has also broken out from its dynamic resistance on the 4-hour timeframe, indicating a potential bullish move. Currently, the price is testing a resistance level, which could act as a barrier for the price to move higher. If the...