SXPUSDT had an amazing bullish impulse and now the market is going to retest the local demand zone. The price needs to create a new breakout to continue to the upside. IF and only if the price is going to have a new breakout we could see a new bullish impulse According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure ->...
AUDUSD on the 4h chart is trading below a daily resistance. The price after a break of the structure is slowing retracing ton the 0.786 fibonacci area. If the market will provide us an inversion and a new break of the daily area we can set a nice long order according to the Plancton's strategy rules.
EURUSD on the 4h chart after yesterday's news is retesting the 50% of the impulse move over a support area. The price has been moving in a series of higher highs and higher lows and for this reason, our main bias remains bullish until a clear sign of inversion. How can i approach this scenario? I will wait for a potential inversion over the support area and if...
EURUSD after our previous analysis (Link Below) tested as expected the 50% of the main impulse and turned over the daily support. Currently, the market is trading below a minor resistance and according to Plancton's strategy IF the price will break above we can consider an increase in the buying pressure which could make us open a long order if the conditions...
USDCAD on the 1D chart has traded at the recent high. The price after testing the weekly support at the 1.33 level started an impulse that drive the pair to a new test of the monthly resistance with a spike. We can notice how the market turned at the 0.886 Fibonacci retracement from the previous recent high to the 1.33 level. How can i approach this...
XTZUSDT is a cryptocurrency pair that recently experienced a rejection from the 1.450 area, which is a significant daily resistance level. As a result, the price of XTZUSDT has pulled back and is currently testing the 4-hour support level at 1.080 area, where it has previously created a double bottom pattern. If the current support level fails to hold, it could...
PEOPLEUSDT has been trading within a relatively narrow range, which indicates that there is a buildup of buying pressure in the market. At present, the price of PEOPLEUSDT is testing a key support level, which is important for attracting new liquidity to the market. If this support level holds, it could potentially lead to a breakout of the 0.0225$ area, which...
GBPCAD on the 4h chart got rejected by the resistance area at the 1.68500 and retraced at the 0.786 fibonacci level. The Price touched the 0.886 with a spike before inverting and retesting the weekly structure. Overall the bias remains bullish and this make us think that a break of the resistance is still possible with an increasing pressure of the buyers. How...
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...
GBPJPY on the 4h chart after the liquidity grab below the 159.500 area started an impsule to the upside. The market broke the 164 level and retest the previous resistance now turned support. We can see how that key level has been the 0.482 Fibonacci area and how the price started to trade between 2 narrowing trendlines that potentially could be seen as a pennant...
RLCUSDT is testing a crucial support level after experiencing a clear rejection from the $2.3 area, which is the weekly resistance level for the market. If the price of RLCUSDT fails to hold this support level, it may likely retest it as a new resistance level according to Plancton's Rules, which is a technical analysis approach used in trading. In such a...
EURCHF on the 4h chart has moved as expected to the daily resistance below the 1 round level. The price after the double bottom retest the 50% of the impulse and moved higher. Currently, the market is trading below a daily structure and according to Plancton's strategy IF the market will break above we can set a nice long order
VETUSDT is currently forming a pennant pattern on the chart, which is a continuation pattern that typically occurs after a strong price move. The formation of a pennant pattern suggests that there is a potential for a continuation of the previous uptrend. However, for the uptrend to continue, the price of VETUSDT needs to hold the support level at the 0.022$...
OCEANUSDT is testing the dynamic support level at a certain price point. This dynamic support level is created by a moving average or other technical indicator that adjusts based on recent price action. If the price of OCEANUSDT holds above the dynamic support level, it may indicate that the market is likely to continue its uptrend. However, if the price breaks...
SKLUSDT is testing the dynamic support level. Dynamic support is a support level that is created by a moving average or other technical indicator that adjusts based on recent price action. If the price of SKLUSDT holds above the dynamic support level, it may indicate that the market is likely to continue its uptrend. However, if the price breaks below the dynamic...
CHZUSDT is currently testing the dynamic resistance at around $0.1170. This area has previously acted as a strong resistance level, with the market experiencing rejection from the 0.5 Fibonacci level. In order for traders to consider new short positions, the price will need to break below the key support level of $0.1140 and create a retest of this level....
WAVESUSDT has recently lost the dynamic support at the 2.6$ area, meaning that the price was previously supported at this level by an upward sloping trendline, but has since broken below it. The market is now creating a pennant, which is a common technical chart pattern that is formed when there is a period of consolidation after a sharp price move, followed by a...
The UNIUSDT trading pair is currently testing the daily support level at the 5.8$ area, which is a key level of support that has held up in the past. This support level is important because it represents the daily structure of the price action. Furthermore, the market has shown a rejection from the 0.786 Fibonacci level, which is currently acting as a 4-hour...