AVAXUSDTis forming a massive Pennant formation between daily structures. The price of AVAXUSDT has been consolidating in a tight range, forming a triangular pattern, with decreasing volume over the past few weeks. This indicates that the market is waiting for a decisive breakout. However, it is important to note that the price may create a false breakout and...
MASKUSDT recently experienced a clear rejection from the daily resistance and weekly structure at the $5 area. Currently, the price is testing the dynamic support level. If the price fails to hold this support level, there is a possibility that it could retest the 0.618 Fibonacci level as new resistance. Traders may want to consider applying Plancton's rules and...
Recently, the market has created equal highs in the 25k area, where there is also a daily supply level. This indicates that there is strong resistance in this area, and that buyers have struggled to push the price higher. However, there is potential for the market to grab new liquidity from the 22-23k area, where there is a 0.786 Fibonacci level. This level is...
GBPJPY on the 4h chart after the break of the resistance area fetches the 50% move and s currently trading below the structure at the 164 level. As we know all the pairs but mostly the JPY ones are reacting very well to the round and half-round numbers and being in a bullish scenario we still be long for a long order. How can i approach this scenario? I will...
USDCAD on the 4h chart is creating a series of higher highs higher lows. The price couldn't create new highs in the day of yesterday and we can see a form of H&S pattern that could lead to a short term inversion. How can i approach this scenario? I will wait for a break of the support for a short term correction and look for a possible short order according to...
On the 4-hour chart of EURAUD , we can see that the price has been in a descending trend until it tested the weekly support level . After hitting this level, the price started to move in a potential bullish direction with a series of equal highs and higher lows. This is a good sign of a potential trend reversal. The price is currently trading below the resistance...
Dow on the 4h chart is moving in aseries of lower low lower high. The Price is now testing a key support and according to Plancton's strategy if the market will make a clear break below we will set a nice short order.
DYDXUSDT had a breakout from a descending channel after bouncing off the 0.618 Fibonacci retracement level. Traders who follow Plancton's Rules may be waiting for a new breakout to occur before considering a new long position in the market. A breakout from the current level could indicate a continuation of the upward trend and could provide an opportunity for...
The USD/JPY pair has been in an uptrend for the past hours, with higher highs and higher lows. However, the price has started to consolidate and create equal highs and rising lows, indicating a potential formation of an ascending triangle pattern. An ascending triangle is a bullish continuation pattern that typically forms during an uptrend. It consists of a...
The price of GBP/JPY has broken through a significant resistance level at 160.000 as expected from our previous idea, indicating a bullish momentum in the market. The breakout suggests that the buyers have taken control of the market, and the price is likely to continue moving higher. After the breakout, the price has moved to the next significant structure zone...
AUDCHF on the 4h chart has been trading in series of lower lower high. The market after a consolidation phase over a support create a new impulse to the lower side after a last liquidity grab. Within 2 narrowing trendlines the price reached a support area ans started anew move to the upside. It breaks the upper trendline and is now testing a resistance...
The market after a downtrend created a double bottom. The price after a break above resistance is now looking bullish and we will look for confirmations to set a nice buy order.
THETAUSDT's price chart shows that the pair is currently forming a falling wedge pattern on the demand zone. This pattern is a bullish signal that suggests the possibility of a price reversal from the current downtrend. Traders are waiting for a breakout of the falling wedge pattern to confirm the bullish signal. If the price breaks above the upper trendline of...
After our previous ideas (Link below) Gold creates a series of lower lowe lower high move and deliver since our first idea a 5% move in our favour. Until there will be no sign of inversion on the 4h and the 1d timeframe our bias remains bearish therefore we will be looking for potential retrtacent to provide us a new entry or a possible break of the support to...
the price is testing the breakout from the descending channel and we are waiting for the breakout. IF the price is going to have a breakout, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure...
EURCAD is exhibiting a bearish technical pattern on the 4-hour chart. The triple top pattern suggests that the price has reached a resistance level that it cannot break through, and the subsequent drop to the 1.42500 support area reinforces this idea. Moreover, the fact that the 1.44500 level is acting as resistance after being support in the past indicates a...
USDCHF on the 4h chart creates a series of lower low lower high inside a descending channel . After the test of the support level at the 0.91 zone the market create an impulse to the upside and is currently testing the previous higher low at a daily resistance zone . If the market is able to successfully break above the structure, it could signal that the upward...
GOLD after our previous idea created a series of lower lows as expected. The market broke below the ascending trendline and the daily support and is now heading to the 1820 support area. We will monitor the market around that level to check if there will be an opportunity of a bounce or add more shorts if the market will break below --–– Follow the Shrimp...