KAVAUSDT has tested the demand zone at the 0.8$ area, indicating that there was significant buying pressure from traders at this level. Since then, the price has been moving upwards and is currently testing the upper dynamic resistance level within a bull flag pattern. The bull flag pattern is a bullish continuation pattern that forms when there is a strong...
The EUR/USD currency pair after our previous anlaysis has formed a double bottom pattern on the weekly timeframe at the 1.05500 level, which has acted as a strong support level. This pattern indicates that the bearish momentum has ended and a new bullish trend may be forming. The price has already started an impulse wave and has moved up to the 1.07500 level,...
AVAXUSDT indicates that the market is testing the 0.382 Fibonacci level on M's Neckline after a clear breakout, which is a significant resistance level for the market. If the price manages to hold above this level, it could be a bullish signal for AVAXUSDT. However, it is important to keep in mind that the market has a strong demand zone at the $12 area, which is...
APTUSDT indicates that the market is testing a resistance level on the 4-hour chart. This resistance level is significant because it comes after a breakout from a daily descending channel. The descending channel is a technical chart pattern that shows a downtrend in the market. It is characterized by a series of lower highs and lower lows, forming a channel with...
FILUSDT is testing the demand zone on 0.786 on the 4-hour timeframe, which could potentially provide a buying opportunity for traders. In addition, the market is creating a falling wedge pattern, which is a bullish reversal pattern. A falling wedge occurs when the price of an asset forms a series of lower highs and lower lows, but the range between the highs and...
NASDAQ on the 4h chart after the clear triple top below the daily resistance started a lower low lower high move. The recent test of the 0.618 Fibonacci level and retest of the previous support now turned resistance can be a sign of the shift in momentum. This can confirm that in the short term the bears are in control and the break of the current support could...
As you mentioned, the price of LTCUSDT had a rejection from the supply area, which can be a significant level of resistance. The Head and Shoulders pattern is a technical analysis pattern that can indicate a potential trend reversal. This pattern typically consists of three peaks with the middle peak being the highest (the head), and the two outer peaks being...
BTCUSDT is currently testing the daily demand zone. This indicates that there is significant buying pressure from traders at this level, which could lead to a potential reversal in the trend. Furthermore, the price is forming a descending channel, which is a bearish continuation pattern that typically indicates that there is still selling pressure in the market....
BNBUSDT is testing the support level of $286 on the daily timeframe. This level has been tested multiple times in the past and has proven to be a significant support level for the pair. Traders and investors are now waiting for the next breakout to occur, as the price could either continue to fall below the support level or rebound and rise higher. Based on...
In a previous idea, it was mentioned that the market had the potential to make more than 10% profits, and now the price of AVAXUSDT is testing a key level as predicted. The key level that AVAXUSDT is currently testing is crucial for the market to hold, as a break below it could signal a potential bearish trend. If the price of AVAXUSDT loses the support and...
Currently, the price of ETHUSDT is in a consolidation phase, which means that it is trading in a narrow range, moving sideways without a clear trend. This consolidation phase is occurring above the Demand Zone, which is a price level where there is significant buying pressure from traders and investors. Traders who follow Plancton's Rules, are anticipating the...
EOSUSDT had a false breakout from the daily resistance level at the 1.227 area. This breakout was not sustained, and the price is now testing the dynamic support level as new resistance. If the price of EOSUSDT breaks below the static support level at 1.160 and retests it as new resistance, applying Plancton's Rules for a new short position may be appropriate....
KNCUSDT broke below its ascending channel , indicating a potential shift in the market trend. This move also tested the support level , which has held up so far, but the market is waiting for a breakout to confirm the direction of the trend. Applying Plancton's Rules, a set of trading guidelines, may be helpful in evaluating the potential for a new short...
ZILUSDT is currently trading inside an ascending channel. However, the price recently got rejected from the daily resistance level at $0.035, which suggests that the market may be experiencing a bearish trend. If the market continues to decline, there is a possibility that it could retest the Fibonacci area and experience a new bearish impulse. It is important...
USOIL on the 4h chart after our previous analysis reached the 80 level and dropped to the 0.618 Fibonacci area exactly over a previous support that has been tested a few times before. The market anyway did not create a new recent lower high and also for this reason we can keep to search for a long opportunity in the short term. How can i approach this...
CADJPY on the 4h chart has been trading around the 100 level in a distribution phase. Lately the market broke below the area and close the day of yesterday below the support zone. In this case, the pressure of the seller might increase and if the price retests the previous support now turned resistance we will look for a nice short order according to the...
BCHUSDT lost the weekly support level around the 130$ area after a clear bearish impulse. Furthermore, the price has also lost the dynamic daily support level, indicating that there is significant selling pressure in the market. According to Plancton's Rules, a retracement to the 0.618 Fibonacci level could present an opportunity for a new bearish impulse. The...
BTCUSDT is testing the daily demand zone, which is a significant support level for the pair. Traders and investors are now waiting for the 4-hour timeframe to flip and retest the previous resistance as new support, according to Plancton’s rules. This could indicate a potential long pullback until the 23600 area. If the price does break above the previous...