XRPUSDT has recently seen a significant price movement. The pair had been trading within a descending channel, indicating a period of bearish sentiment and a potential for further price declines. However, the pair has now broken out of this channel, indicating a shift in market sentiment towards bullishness. Currently, XRPUSDT is testing a resistance level on the...
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
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 above a weekly structure and retest it a few times. Is also interesting to see how the weekly structures lays exactly over the 0.618 Fibonacci area and the 0.5 is a 4h resistance. I will wait...
EURCHF on the 4h chart created a perfect double bottom on the recent low. As we know the double bottom play at best ta the end of a doentrend and this is the case. The market started an impulse to the upside and then as the market waves normally do, retrecd to the 0.382 fibonacci level over a support with a spike to the 50% level. How can i approach this...
QNTUSDT is currently trading inside a descending channel, which is a technical chart pattern that is formed when there is a clear downward trend in the price of an asset, and the highs and lows of the price form parallel lines that slope downwards. In the case of QNTUSDT, the price is currently below the 4-hour resistance level, indicating that there is strong...
FILUSDT is showing signs of potential weakness. The price had a false breakout from the 4-hour descending channel, indicating that the bears are still in control. However, it has since moved into an ascending channel, which may be a bullish sign. Currently, the price is testing the 0.618 Fibonacci level as new support, which is a critical level for traders to...
USDJPY after the test of the 137.500 area dropped with a series of lower low lower high until the 130 round zone. The market took the liquidity below the daily support and retest the 130.500 and started an impulse to the next resistance area which is the previous lower high. According to Plancton's strategy IF the price will break above we can set a nice long order.
EURUSD on the 4h chart after our previous analysis exceed our expectations and moved up to the 0.786 Fibonacci level. The market after the test of the weekòy resistance moved lower to the 0.618 support level and a further retracement to the 50% can be seen. How can i approach this scenario? I will wait for a potential test of the 1.08 level and if that will...
The price of SOLUSDT is testing the 0.5 Fibonacci level as resistance, which means that it has retraced 50% of the bearish impulse from the 22.5$ area. The Fibonacci levels are a set of technical indicators used in trading to identify potential levels of support and resistance based on the ratio of numbers in the Fibonacci sequence. After a significant drop from...
USDCHF on the chart shows how after the liquidity grab below the support area the price retest the weekly support with a potential double bottom. The double bottom pattern is known as a reversal one and it plays better at the end of a downtrend as it this would be the case. The price has now broken the previous lower high and is testing a crucial confluence area...
GBPCAD on the 4h chart is trading below a key resistance level at the 1.68500. The structure has been tested few times also in the past and a retracement t to the 0.382 or lower Fibonacci level can be seen before the bulls regain strength. How can i approach this scenario? I will wait for a retest of the support area and IF the price will revere and satisfy the...
USDJPY on the 4h chart has moved in a series of lower low lower high. The price after the recent low has retested the previous support, turned resistance, at the 50% of the impulse. The market can now create a new recent low and we will wait for a potential break of the support at the 0.382 Fibonacci level and look for a nice short order according to the...
VETUSDT is showing signs of potential weakness. The market has created a pennant formation after bouncing on the 0.020$ area and creating a new bullish impulse. Currently, the price is testing the 4-hour resistance on the 0.024$ area, which is a critical level for traders to watch. If the price creates a new bullish impulse and retests the 0.5 Fibonacci level,...
LTCUSDT is currently in a bearish pennant pattern on the charts. The pair is attempting to break out of this pattern, which could lead to a potential bullish trend. However, there are some factors that suggest a bearish outlook for LTCUSDT. The pair is currently below the 4-hour resistance level and daily supply level, indicating a bearish sentiment in the...
CELOUSDT had a rejection from the 0.618 Fibonacci level on the daily timeframe, indicating a strong level of resistance. Additionally, there was another rejection from the dynamic resistance on the 4-hour timeframe, further highlighting the potential for a bearish trend. Currently, the market is testing the key support level at the $0.58 area, which may provide a...
ENSUSDT is currently undergoing a testing phase of its static support at 13.30 within an ascending channel. This means that the price is being supported at this level, and there is a possibility that it may continue to rise within the channel. However, there is also a chance that the price may retest the 0.5 Fibonacci daily resistance, which could potentially...
it appears that the price of ARUSDT is testing a key support level at the $8 area, where it is creating a pennant pattern on the 4-hour timeframe. The pennant pattern is characterized by two converging trend lines that form a triangle shape, with the upper trend line representing the resistance level and the lower trend line representing the support level. This...
BATUSDT had a significant upward impulse from the $0.20 area and is now forming a pennant pattern. A pennant is a technical analysis pattern that occurs when the price of an asset is consolidating within a symmetrical triangle pattern after experiencing a significant price move. The pennant is characterized by two converging trend lines that form a triangle...