LINAUSDT recently experienced a massive bullish impulse from the bottom. However, the price was rejected at the weekly resistance level at the $0.017 area. Despite the rejection, there is a possibility that the price could have a new leg up before experiencing a retracement on the $0.0085 area. Traders may want to consider applying Plancton's rules and taking a...
ZENUSDT recently tested the 0.618 Fibonacci retracement level on the daily timeframe Breakouts from accumulation phases can be an excellent opportunity for traders to enter a position and potentially profit from a price increase. However, it's important to note that breakouts can be followed by retracements or consolidations, and it's essential to carefully...
IOTAUSDThad a false breakout from its daily resistance level and is currently consolidating below it. The market is creating a pennant, which is a common technical chart pattern that can indicate a potential continuation or reversal of the current trend. Traders who follow technical analysis may be watching for a breakout from the pennant pattern to signal the...
CELOUSDT had a false breakout from its daily resistance level at 0.9$. The market is now testing the previous weekly resistance level at 0.75$ as new support. Traders who follow Plancton's Rules may be waiting for a new breakout to the upside before considering a new long position in the market. A breakout from the previous daily resistance level could indicate...
THETAUSDT has recently broken out of a descending channel pattern and is currently testing the 4-hour resistance level . The descending channel is a technical chart pattern that occurs when the price of an asset is in a downtrend and begins to consolidate within a range, forming a channel with lower highs and lower lows. The breakout from the descending channel...
ICXUSDT has recently experienced a breakout from the daily resistance level, which was then successfully retested as new support on the 0.5 Fibonacci level. Currently, the price of ICXUSDT is testing the 4-hour resistance level. In order for the cryptocurrency to continue its upward trend, it will need to create a breakout from this resistance level and then...
OGNUSDT is testing the descending channel below the static resistance level. A descending channel is a technical analysis pattern that consists of two downward sloping trendlines. The upper trendline represents resistance, while the lower trendline represents support. In this case, the price of OGNUSDT is testing the lower trendline of the descending channel,...
The current price of ROSEUSDT is inside a descending channel after breaking out from the daily resistance level. A descending channel is a technical analysis pattern that is formed when the price moves between two downward sloping trendlines. The upper trendline connects the highs, while the lower trendline connects the lows. In a descending channel, the price...
LTCUSDT has been testing a key level in the 100$ area, where there is a weekly resistance level. This level has proven to be significant in the past, and it's possible that buyers are struggling to push the price higher. Furthermore, the price has lost its dynamic support and is now testing it as a new resistance level. If the price were to lose this support and...
XRPUSDT has been creating a daily channel, indicating a period of consolidation and uncertainty in the market. However, after a bullish impulse, the market bounced off the 0.618 Fibonacci level, which is a common level of retracement in technical analysis. This retracement suggests that buyers are still interested in entering the market and that there is strong...
ZECUSDT had a breakout after an accumulation period, but was subsequently rejected by the daily resistance level. The rejection from the resistance level may be indicative of strong selling pressure or a lack of demand for the cryptocurrency at current prices. However, the price of ZECUSDT is currently creating a bull flag pattern. A bull flag is a technical...
DODOUSDT has recently experienced a massive breakout from a falling wedge pattern. The falling wedge is a technical chart pattern that occurs when the price of an asset is in a downtrend and begins to consolidate within a narrowing range, forming a wedge shape. This pattern typically signals that a bullish reversal is imminent, as the price is likely to break...
DOTUSDT is currently in an accumulation phase, as the market is consolidating below the key level of $7 on a weekly basis. During this phase, the price has been printing Higher Highs and Higher Lows, which indicates that buyers have been gradually gaining strength over sellers. An accumulation phase is typically characterized by a period of sideways movement in...
The EUR/USD pair has been exhibiting a downward trend for some time now, and the recent price action appears to be forming a potential selling opportunity. From a technical analysis perspective, it seems that the price has tested and respected a key level at the 0.382 Fibonacci retracement level, which is located below a significant daily resistance...
BTSUSDT is testing dynamic support after a clear breakout of daily resistance. This indicates that the market has experienced a significant shift in momentum, with bulls taking control. The dynamic support level refers to a moving average that adjusts to the most recent price action. In this case, the price is testing this support level, which suggests that...
USDJPY on the 4h chart after the previous idea broke and retest the resistance level as expected. The price also broke the descending trendline creating a potential long setup opportunity. How can i approach this scenario? IF the price will break the minor resistance level we can consider a buying setup according to the Plancton's strategy rules. ––––– Follow...
BELUSDT is currently trading at a crucial point, with the price testing the key level of 0.63$ on the daily chart . The formation of a pennant below the daily resistance suggests a consolidation in price action. The key level, pennant , and ascending channel all play a crucial role in determining the future direction of the price. According to Plancton's Rules, a...
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...