DASHUSDT experienced a false breakout above the 4-hour resistance at the $64 level. This level coincided with the static 4-hour resistance at the 0.618 Fibonacci resistance, indicating a strong level of resistance. However, the price was not able to sustain the momentum and has since retreated, testing the support level once again. If the price fails to hold...
UNFIUSDT is currently testing a dynamic support level at the 4-hour chart after a rebound from the daily demand zone at $4. This indicates that there is buying interest at this level, and if the price manages to hold above the support level, it may continue to rise. However, there is also a possibility that the price may break below the support level, which could...
FTMUSDT is currently testing the 4-hour resistance level after a clear breakout from the daily dynamic resistance. This breakout is a positive signal for the cryptocurrency, indicating that it may be heading towards higher prices. In addition, the price has formed a double bottom pattern at the 0.618 Fibonacci level. This is a bullish signal indicating that the...
GBPJPY on the 4h chart is trading above the 160 level. We know how this pair particularly love the round numbers and we can wait for a potential break of it to look for a short opportunity. The price in fact after the uptrend move took the liquidity at the 166 level with a false breakout move with the 164 and 162 as ket levels in the downtrend. After a first test...
EURUSD on the 4h chart after the triple bottom started an impulse to the upside. The price bounced a few times over the weekly structure and is currently trading below the 1.07 level below a daily resistance. How can i approach this scenario? A test of the 50% is highly possible in this case and for this reason i will wait for a potential break of the are and if...
NASDAQ on the 4h chart after yesterday's news creates and engulfing candle. The price launches a spike over the resistance area to grab the liquidity and moved sharply lower. The index has bounced over a minor support and is retracing to the upside on the asian session. How can i approach this scenario? I will wait for a potential break of the structure and if...
NZDUSD after our previous analysis reached the 0.61 support area. The price created a potential inverse Head & Shoulders pattern with 2 right shoulders that have higher lows. The pairs has now broken the neckline and some more buying pressure can be seen at the EU or US market open. How can i approach this scenario? I will wait for a potential test of the...
AUDUSD on the 4h chart after our previous analysis has played as expected (link below) with a retest of the weekly resistance. We can notice how after the recent low the price provided a perfect retracement to the .786 Fibonacci level which is also known as one of the key levels for a potential inversion. The trend in fact remains bearish with a series of lower...
DOW on the 4h chart after the recent low is trading at the 0.382 Fibonacci level. The market cretes 2 equal lows with a lower spike in the middle that can also be seen as a inverted head and shoulder pattern. The current situation makes us think that a further move to the upside can be seen in this last trading day of the week and IF the market will break above...
USOIL on the daily chart is moving froma few weeks within a range between an important support and a resistance around the 82 level. The market tested a few times the upper and the lower level of the box and no break happened yet. In these cases we have 2 possible options: Trade within the range and take long orders at the bottom and short ones at the top or...
ONEUSDT has recently tested the 0.618 Fibonacci level after a clear breakout from the 4-hour support level. This breakout is a bullish signal, suggesting that the market sentiment has shifted to a positive outlook. However, it's important to note that the price needs to flip this resistance level into a new support level before traders can take long positions....
HIGHUSDT recently bounced on the 0.786 Fibonacci level, indicating a potential reversal in the market. Additionally, on the 4-hour timeframe, an inverse head and shoulders pattern is being formed, which is a bullish signal. An inverse head and shoulders pattern is a technical analysis pattern that typically forms after a downtrend and signals a potential trend...
DOGEUSDT is testing its historical 4-hour trendline, which suggests that the price may experience a significant price movement in the near future. Furthermore, the price action is creating an inverse head and shoulders pattern, a bullish reversal pattern that occurs after a downtrend. This pattern is forming below the supply zone, which is a resistance area that...
CHZUSDT is testing dynamic resistance after experiencing rejection at the 0.5 Fibonacci level. The price is currently hovering near a critical support level, and if it fails to hold, there is potential for a significant drop in price. According to Plancton's strategy, traders may want to consider setting an order if the price loses support. It's important to note...
The price has been moving downwards within this channel, indicating a bearish market sentiment. Currently, the price is testing the 0.618 Fibonacci Level, which is a significant support level for traders and investors. In terms of potential price movements, there are two key levels to watch for a breakout. The first level to watch is the breakout above the...
ROSEUSDT is currently showing signs of a potential breakout from its daily descending channel. According to Fibonacci retracement levels, the price is likely to retest the 0.382 Fibonacci level. This level is often seen as an area where new liquidity can be found, which could potentially lead to a breakout from the descending channel. If the price manages to...
ENJUSDT is showing signs of potential weakness. The market has created a pennant formation after a clear bearish move, indicating a temporary pause in the trend before a potential continuation in the direction of the prior move. Currently, the market is in a consolidation phase after a clear bounce on the daily support. If the price creates a bullish impulse and...
QNTUSDT the current price action is showing signs of a potential bullish breakout. The price has broken out from the daily descending channel, indicating that the bears are losing control, and now, it's in an accumulation phase inside a pennant formation. A pennant is a technical pattern that forms when there is a brief consolidation period after a strong price...