AAVEUSDT is showing signs of a potential bullish reversal. The price has formed an inverse head and shoulders pattern, which is a bullish technical pattern, after bouncing off the 0.618 Fibonacci level. Additionally, there is a pennant formation on the 80$ level, indicating that the market is consolidating before making a move. If the price breaks above the...
COCOSUSDT is testing the 0.618 Fibonacci level after breaking out from the weekly support at the 1.78$ area. The price is attempting to create a new higher low on the Fibonacci level, which could suggest a potential trend reversal. However, it's important to note that Fibonacci levels are not always reliable indicators and should be used in conjunction with other...
GOLD on the 4h chart after the recent news started again the bullish run. The price after the break of the daily resistance retest the level and is now trading below a minor 4h resistance. Out outlook remains bullish and with the upcoming events and uncertainty in the banking sector we could see a new test of the 2k level. How can i approach this scenario? If...
ALGOUSDT is currently testing the dynamic support level within a pennant pattern. A pennant is a technical analysis pattern that forms when there is a period of consolidation following a sharp move up or down in price. It is characterized by two converging trendlines that form a triangular shape, with decreasing volume during the consolidation phase. The pattern...
After our previous analysis (link below) on the 4h chart GBPCHF moved as expected and create a bullish impulse that broke the descending trendline. The price is now testing a daily resistance and we can see in the next few days a bullish continuation. How can i approach this scenario? I will wait for a potential break of the structure and if that will happen i...
GALAUSDT recently bounced off of the daily support level at the 0.032$ area, indicating that there may be strong buying pressure at that level. However, the price is currently trading within a descending channel, which suggests that there is a bearish trend in place. On the 4-hour chart, the price is currently testing the resistance level, which could be a...
USDJPY on the 4h chart after the recent test of the daily resistance at 138 level has dropped perfectly at the 50% retracement of the major impulse. The market retested the 134 area and is now moving over the support at the 0.5 Fibonacci level. According to the Plancton's strategy IF the market will break below we can consider a nice short order according to the...
GBPCHF on the 4h chart after the test of the daily support creates a false breakout of the area where the market took the liquidity below the support zone. The price immediately climbed over the support and is now trading below a minor resistance structure. According to Plancton's strategy IF the price will break above and satisfy the MTB strategy we can set a...
Looking at the 4-hour chart of NZDCAD, we can see that the price has been forming a series of lower lows and lower highs, indicating a downtrend. However, this trend has been interrupted by a bounce off a monthly support level, suggesting a potential trend reversal. After this bounce, the price formed an impulse that took it to a daily resistance level, where it...
SYSUSDT is a cryptocurrency trading pair that has recently tested the 0.618 Fibonacci level inside a descending channel. The fact that the price tested this level suggests that there may be some support at this level, which could potentially lead to a price reversal. Currently, the price is testing the breakout from the descending channel and the 4-hour supply...
ATOMUSDT has recently tested the 0.618 Fibonacci level inside a descending channel . The fact that the price tested this level suggests that there may be some support at this level, which could potentially lead to a price reversal. Currently, the price is forming a pennant pattern below the 4-hour supply level . A pennant pattern is a technical analysis pattern...
GMTUSDT is characterized by a double top formation on the 0.42$ area, which resulted in a false breakout. Currently, the market is testing the 0.5 Fibonacci level, which has now become a new resistance level . Additionally, there is a 4-hour support level at the 0.36$ area that the price is testing. If the price fails to hold the current support level and begins...
CADCHF on the 4h chart after the recent drop tested perfectly the 50% retracement over a weekly resistance. The price might lose the bullish momentum and we will wait for a potential break of the minor support to look for a short opportunity. Being Friday it might be risky to open a position.
Based on the 4-hour timeframe, there are clear indications of a bearish trend in the S&P 500 index. After testing the weekly resistance level at 4160, the market started a bearish move with a series of lower lows and lower highs. Further analysis shows that the market retraced to the 0.618 Fibonacci level after the first bearish impulse and tested a daily...
BTCUSDT indicates that the market is testing a key level at the 25100 area, which is also a weekly resistance level. This area could potentially act as a barrier for the price, preventing it from moving higher. There is a possibility that the price could create a false breakout above the resistance level and then retest the demand zone at the 0.618 Fibonacci...
1INCHUSDT is currently testing a support level after experiencing a false breakout around the $0.55 area. Traders should keep a close eye on the price and monitor whether it holds the support level. If the support level fails to hold, according to Plancton's rules, traders may want to consider opening a new short position. This would allow traders to benefit from...
EURGBp on the 4h chart after the test of the 0.89200 area dropped to the 0.87200 exactly at the 0.618 Fibonacci level. The price claimed back immediately to the 0.5 Fib level over a weekly structure and is now trading below a minor resistance level. According to Plancton's strategy IF the market will break above we can set a nice long order as the MTB strategy expect.
The AUD/USD pair has been trading in a descending channel with a series of lower highs and lower lows, which suggests that the overall market sentiment is bearish. The most recent price action has seen the price drop to the daily support level at 0.68700, and a retracement to the 50% Fibonacci retracement level of the previous bullish move at the round level...