The price is currently testing the 4-hour resistance level, which could act as a significant barrier for the price to move higher. If the price manages to break above this level and confirm the new uptrend, according to Plancton's rules, a new long position could be taken. However, it's crucial to keep in mind that the price may face some resistance at the 2.2...
XLMUSDT price experienced a bullish impulse, followed by a rounded accumulation phase. During this phase, the price has been consolidating in a narrow range, forming a rounded bottom pattern, which indicates a potential reversal from the previous downtrend. If the XLMUSDT price breaks out of the accumulation phase and confirms a new uptrend, according to...
GMTUSDT is currently testing resistance after a clear breakout from the 4-hour resistance level. The price action suggests that the pair may need to create another breakout from the 0.4 area, where the market has a key level, in order to potentially trigger a new long opportunity for traders. According to Plancton's Rules, if the price of GMTUSDT does manage to...
BINANCE:KSMUSDT is a cryptocurrency trading pair that has recently experienced a breakout from dynamic resistance after facing rejections from the HKEX:35 area. The current price action suggests that the price may potentially retest the resistance level as new support. According to Plancton's Rules, this could indicate a possible new long opportunity for...
C98USDT is a cryptocurrency trading pair that has recently gained new liquidity from the $0.2579 area, which is also where the market has found support on the 4-hour chart. Currently, the market is testing the key resistance level at the $0.28 area, which could potentially lead to a breakout if the price manages to surpass this level. According to Plancton's...
CHRUSDT is creating a pennant on the $0.17 area. A pennant is a technical chart pattern that resembles a triangle. It's formed when there's a sharp move in the price of an asset, followed by a consolidation phase with converging trendlines. The pennant is typically characterized by decreasing trading volume and volatility as the price moves closer to the tip of...
ZECUSDT is testing a key resistance level around the $ 38 area. This is an important price point that the market has had difficulty breaking through in the past, and a breakout above this level could signal a potential long position. According to trading rules, a breakout above a resistance level is a strong indication of a potential long position. Therefore, if...
NEARUSDT has formed a rounded bottom chart pattern, which is a bullish technical signal indicating a potential reversal in the price trend. This pattern is characterized by a gradual decline in the price followed by a rounded bottom formation, and then a gradual increase in the price. Currently, on the 4-hour timeframe, the price of NEARUSDT is testing a...
On the daily timeframe, the price bounced off the 1.4$ area, which is a key support level for the market. Currently, on the 4-hour timeframe, the price is testing the resistance level inside an ascending channel. An ascending channel is a bullish chart pattern characterized by two parallel trendlines with the lower trendline acting as support and the upper...
BTCUSDT had an accumulation phase of 270 days, which is a period of consolidation before a potential move in either direction. After the breakout from the accumulation phase, the price is now heading towards the first weekly resistance level, which is at a psychological price level of $30,000. It's possible that the price may reach this level and experience a...
TRUUSDT has recently experienced a bearish impulse, which resulted in the price testing its daily and 4-hour dynamic resistance levels. Currently, the price needs to create a breakout and retest the 0.079 level as new support to confirm a potential bullish reversal. If the price manages to break out and retest the 0.079 level as new support, according to...
BINANCE:MINAUSDT is testing the 4-hour resistance after a breakout from a triangle pattern. A triangle pattern is a technical chart pattern formed by drawing two converging trendlines connecting a series of lower highs and higher lows. The pattern can be symmetrical, ascending, or descending. Typically, the triangle pattern is characterized by decreasing trading...
APTUSDT is testing a static resistance level on the 1-day chart, after a bounce from the 10 $ area where the market created a demand zone. The demand zone indicates that there was a significant buying activity in the 10 $ area, which means that there is a possibility of new liquidity being added to the market. This could result in a new breakout from the $12.5...
XRPUSDT had a false breakout from the weekly resistance at the 0.54$ area. A false breakout occurs when the price briefly breaks above a key level of resistance, but then quickly falls back below it, indicating that the breakout was not genuine. Currently, the market is testing the 0.5 Fibonacci level on the 4-hour timeframe. Fibonacci retracement levels are used...
USDCAD has been exhibiting a bearish trend, with a recent downward price movement that tested the key resistance level of 1.34000. However, the price retraced to the 50% Fibonacci retracement level of the previous impulse, which could potentially act as a barrier to further upward movement. This retracement also coincides with the price moving back over a daily...
EURGBP on the 4h chart after the test of the daily support at the 0.87400 area has created an impulse that broke the previous lower highs of the downtrend. The price moved again at the weekly structure below a daily descending trendline and retest it a few times. I will wait for a potential break of the structure and IF the price will break above i will set a...
SP500 on the 4h chart after the test of the weekly support at the 3840 structure started a series of higher highs higher lows move. The price that already tested a few times the 4000 level has retraced over a previous support area exactly at the 50% retracement and is now looking for a potential break . How can i approach this scenario? I will wait for the EU...
NZDUSD on the 4h chart after the test of the 0.63750 area retraced to the 0.618 fibonacci level over a support zone. The price from there started an impulse to the 0.63200 area and is currently testing a 4h resistance. How can i approach this scenario? I will wait for a potential break of the area and if that happen i will monitor the market for a nice long...