After an amazing bull run, the current price of APTUSDT is testing a static daily support level, which is a price level that has historically acted as a strong support for the asset's price. Additionally, the price has bounced on the 0.786 Fibonacci level and is now testing a daily resistance level, which is a price level that has historically acted as a strong...
The current price of GALAUSDT is testing a dynamic resistance level in the $0.05 area where the market also has a static daily resistance level. Additionally, the price is creating an inverse head and shoulders pattern, which is a technical chart pattern that may indicate a potential trend reversal from a downtrend to an uptrend. An inverse head and shoulders...
The price of OGNUSDT is currently attempting to create a breakout from a supply area, which is a price range where sellers are more likely to enter the market and sell their assets, causing downward pressure on the price. During its attempts to break out, the price of OGNUSDT has bounced several times on a dynamic support level, which is a price level that moves...
EURGBP has recently made a new high and retraced back to the 0.786 Fibonacci level, indicating a potential support level. After bouncing off this level, the price is now heading towards a retest of the 0.89000 level. If the price breaks above this level, it could signal a bullish continuation, and traders may consider a long order based on Plancton's strategy...
The price of XTZUSDT has been attempting to break out from the resistance level at $1.2, which is a significant level of resistance that has been tested several times in the past. However, the price of XTZUSDT has recently made a clear breakout from a descending channel, which is a bearish technical pattern that is formed by connecting the price highs and lows...
Currently, the price of SUSHIUSDT is inside a descending channel, which is a technical pattern that is formed by connecting the price highs and lows with two downward sloping trend lines. The upper trend line acts as a resistance level while the lower trend line acts as a support level. Recently, the price of SUSHIUSDT retested the 0.618 Fibonacci retracement...
Recently, it has seen an influx of liquidity from the 0.8122 demand area, which has led to a breakout above resistance levels. This has created a bullish pennant pattern below the weekly resistance level, indicating a potential for further upward price movement in the near future. The liquidity at the 0.8122 area has provided support for the price and helped to...
Recently, BTCUSDT has experienced a nice breakout from the 18k area after a consolidation phase, creating the first Impulse. The price is currently testing the key level on the 25k area, which is a significant level for traders to watch out for. As we can see on the left side of the chart, the price has gone through a consolidation phase, which means it is a key...
MKRUSDT recently experienced a false breakout from the daily resistance level, which is a key level that often represents a point of strong supply and demand. When the price breaks through this level, it can indicate a significant shift in market sentiment and a potential change in trend direction. However, in this case, the breakout turned out to be false and...
It recently experienced a false breakout at the 0.95$ area, which means that the price briefly broke above a resistance level but then quickly fell back below it. This false breakout can be caused by a variety of factors, such as lack of buying pressure, profit-taking, or market manipulation. A false breakout is a common occurrence in technical analysis and can...
The recent price action of ARUSDT has been very promising, with the double bottom close to the daily support at 10$ and a breakout from a descending channel. Currently, ARUSDT is testing the 4-hour resistance at 12$, with a potential breakout looming. If the breakout is successful and meets Plancton’s Rules, it could be a good opportunity for a new...
OCEANUSDT recently went through an accumulation phase, which took place between the price levels of 0.2982 and 0.1163. After a period of consolidation, the price eventually broke out of this accumulation range and experienced a significant distribution phase. Currently, the price of OCEANUSDT is testing the weekly support level at around $0.41. This level is a...
ROSEUSDT has made more than 35% since your previous idea, and the market has experienced a breakout from the descending channel. The descending channel is a bearish technical pattern in which the price action of an asset moves downward within two downward sloping trend lines. A breakout is a significant price movement that occurs when the price exceeds the...
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...
The GBPJPY currency pair is currently trading within a range on the 4-hour chart, with a floor of around 156 and a ceiling around 162. The price action is forming higher lows beneath a resistance level with equal highs, indicating a potential breakout in either direction. The presence of liquidity zones above the current price suggests that they could act as a...
Recently, the price of ETHUSDT had an accumulation phase after an uptrend that brought it above the weekly support level of 1100 $. During this accumulation phase, the price of ETHUSDT formed a distribution where the price action was congested within a certain range, suggesting that there was an ongoing struggle between buyers and sellers. An accumulation phase...
The LRCUSDT pair recently experienced an impressive bounce from the daily demand zone at the 0.2$ level. The price is now creating a bull flag, which is a technical chart pattern that is typically seen as a bullish signal in the market. A bull flag is characterized by a period of consolidation or a slight pullback after a strong uptrend, forming a flag-like...
NASDAQ price has experienced a bullish impulse, retraced to the 0.618 Fibonacci level, and has since moved back up to the 0.382 level therefore we can look for a potential long entry. To do this, we should first identify a key resistance level that has acted as a barrier to price movement in the past. This level should be in close proximity to the current price...