In the context of the GALAUSDT trading pair, an important development is unfolding as the price tests the key level of $0.02. This testing phase is taking place beneath the daily resistance, which holds particular significance for traders and analysts. If the price is poised for a breakout above this level, it might align with Plancton's trading rules for a...
In the landscape of the DYDXUSDT trading pair, a notable development has surfaced with the price currently testing the daily resistance. This testing phase is transpiring within the context of both a triangle pattern and a descending channel. These patterns offer valuable insights into the market's current dynamics and potential future movements. The triangle...
RLCUSDT trading pair, a distinctive pattern has emerged in the form of a descending channel. This channel is a reflection of the market's current behavior, where the price movements are delineated by a consistent series of lower highs and lower lows. Such a pattern can often be indicative of a prevailing downtrend within the market. The descending channel, in...
Retest of $0.58 Weekly Area: The current market situation involves THETAUSDT retesting a critical weekly level around the $0.58 area. Weekly levels are historically significant price points that can exert influence on price movements. Clear Breakout Target: $0.68: According to the analysis, for a potential long trade, the market needs to establish a decisive...
Testing a Key Level at 0.00936: The current market situation involves ONEUSDT testing a significant level around 0.00936. Key levels are historical price points with notable influence on price actions. HUGE Falling Wedge: The price is currently inside a massive falling wedge pattern. Falling wedges are characterized by converging trendlines and often suggest a...
Retest of Weekly Level at $50: The current market situation involves AAVEUSDT retesting a critical weekly level around the $50 area. Weekly levels are notable historical price points that can have a significant impact on price movements. Previous False Breakout and Head and Shoulders Pattern: The analysis indicates a prior occurrence of a false breakout and the...
Should the price of SANDUSDT proceed to break out from this falling wedge, it could present an opportunity for new long positions in line with Plancton's trading rules. To execute a trade according to Plancton's rules, traders should consider the following steps: Confirmation: Wait for a confirmed breakout from the upper resistance trendline of the falling...
USDCHF on the 4h chart after the last bearish impulse retraced to the 0.618 Fibonacci level. The market moved in a choppy move and recently tested the weekly resistance at the 0.88400 level. After a possible liquidity grab above the level the market got rejected and IF the price breaks the lower support we can consider a nice short order according to the...
EURJPY after the expected drop to the 152 level reached the 157.500 area. The market is now losing momentum and a retest of the 155.500 at the 0.382 Fibonacci level can be expected. IF the price moves to the mentioned area and provide us a good sign of inversion we may look for a nice long order according to the MTB strategy rules.
In the context of the BANDUSDT trading pair, an intriguing pattern has materialized in the form of a significant falling wedge. This wedge pattern is characterized by a series of lower highs and lower lows, but with the price movement gradually converging over time. This can often be indicative of a potential reversal in the prevailing downtrend. As the price is...
Within the context of the API3USDT trading pair, an intriguing development has unfolded with the breakout from the descending channel. This breakout signifies a potential shift in market sentiment and can mark the end of the preceding downtrend. This development is particularly noteworthy as it aligns with Plancton's trading rules, which emphasizes the importance...
USDCAD after our previous idea reached as expected the 1.36500. The market created a series of higher high higher low and tested with a spike the weekly resistance. Currently, the market is retraceing to 50% of the last move and according to Plancton's strategy IF the price breaks above the minor resistance we can look for a nice long order.
AUDUSD on the 4h chart after the last bearish impulse retraced at the 50%. The price retested the previous daily support now turned resistance at the 0.65000 key level. Currently, the market is trading over the 0.64000 support, and according to Plancton's strategy IF the price will break below we can consider a nice short order according to the Plancton's strategy rules.
USDJPY after the test of the 138 area is creating a higher high higher low move. The price after the last high has retraced at the 0.382 and is now possible creating a new high. According to Plancton's strategy IF the market will break above we can set a nice long order.
The price of AMBUSDT is currently positioned near the critical level of $0.008. For traders following Plancton's approach, a potentially favorable trading opportunity arises if the price is able to successfully break out above this $0.008 area. Plancton's rules emphasize the importance of waiting for a confirmed breakout before considering a long position. A...
OPUSDT trading pair's current dynamics, there is a notable occurrence of price action testing the resistance level within an ascending channel. This ascending channel pattern is characterized by a sequence of successive higher lows and higher highs, indicating a gradual upward movement of prices that has been contained within a clearly defined channel. Of...
In the current market scenario of the KDAUSDT trading pair, there is a noticeable presence of a descending daily channel pattern. This pattern is characterized by a series of consecutive lower highs and lower lows, indicating a gradual downward movement of prices within a well-defined channel. Traders and analysts are currently observing this descending channel...
ENJUSDT finds itself once more at a crucial juncture as it tests the significant weekly level at $0.23. This level holds substantial importance, as it has historically acted as a pivotal point that the market carefully scrutinizes. Traders are closely observing the price action, as it holds the potential to shape the pair's trajectory in the coming weeks. The...