WAVESUSDT, has repeatedly bounced off a dynamic support level after forming a Cup and Handle pattern. A Cup and Handle pattern is a bullish reversal chart pattern that is formed when the price of an asset creates a rounded bottom or "cup" shape, followed by a smaller downward move or "handle". This pattern indicates that a price increase could be imminent as...
KCSUSDT had a breakout from a descending channel, which is a bearish price pattern where the asset's price moves within a downward sloping trendline. The breakout from the 8$ key level suggests a change in market sentiment and an upward trend, as the price attempts to reach the 8.6$ area. This could be an opportunity for us, so According to Plancton's strategy...
DOGEUSDT has recently had a breakout from a dynamic resistance level. Dynamic resistance is a technical analysis concept that refers to the level at which the price has previously found resistance, but as the market moves up, the resistance level moves up as well. A breakout from dynamic resistance is a bullish signal that the trend is reversing and the price is...
SUSHI created a rounded Bottom on 0.850$ area where the market formed the accumulation phase exactly on Weekly support (0.911$) After the breakout the price retests the resistance as new support on 1$ area, and started with Higher High and Higher Low, it had another important breakout from 1.170$. At the moment the price is in accumulation Phase below the 4h...
EURUSD on the 4h chart is trading within a monthly resistance. The price after a distribution phase tested the lower demand and created a strong impulse on Monday. Currently the market is trading at the recent high below a minor 4h resistance. How can i approach this scenario? According to Plancton's strategy IF the price will break above we can set a nice long...
The price is creating a series of higher highs and higher lows is to consider buying on pullbacks to key levels of support. Specifically, if the price is showing a strong uptrend by creating higher highs and higher lows, traders may look to buy when the price pulls back to an area of previous resistance that has now been flipped to support. In this scenario is to...
GBP/USD currency pair on the 4-hour timeframe see the formation of higher highs and higher lows, followed by a distribution pattern at the recent high. This could indicate that the uptrend is still intact and that the market is undergoing a period of consolidation before potentially continuing its upward movement. It appears that the pair is currently trading...
KCSUSDT has recently seen an increase in price, as it has grabbed liquidity from the $6 area and is now creating higher highs and higher lows. The price has also recently broken out from a bull flag, as previously mentioned. What is the Bullflag? A bull flag is a chart pattern that is formed after a strong bullish move and is characterized by a period of...
SXPUSDT has recently encountered liquidity at the 0.1965 level. This indicates that there was significant buying pressure at that price point. However, the price then faced rejection at the 0.786 Fibonacci resistance level, suggesting that there may be strong selling pressure at that level as well. In order for the price to continue its upward trend, it will...
GBP/USD has been in a bullish trend on the 4 hour timeframe, as evidenced by a series of higher highs and higher lows. Recently, the price tested the 50% retracement level and bounced off it, indicating that this level is acting as support. The price tested the weekly support level and bounced off it, creating an impulse to the upper resistance. This is a bullish...
EURGBP currency pair on a 4-hour chart has dropped to the 0.786 Fibonacci level after experiencing resistance at a weekly level and then falling directly onto a daily support level. After the drop, the market started to move upward, breaking and retesting the 50% level of the previous impulse. This suggests that the pair may have found a new level of support and...
Litecoin had a false breakout from the weekly support in the 47$ area. The market grabbed new liquidity and started with a consolidation phase until a breakout of the daily resistance of65$ area. The market is creating Higher High and Higher lows after a sweep of liquidity on 80$ area. How we can approach it? At the moment the price is testing a key level, not a...
The price is testing the monthly resistance after a nice bullish impulse. Now the price needs to create a new breakout from the daily resistance How to approach it? 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...
The market trend for GBP/CHF on the 4H chart appears to be bullish, with the price action showing a series of higher highs and higher lows. This pattern is a positive indication for buyers in the market. The recent test of resistance and subsequent move towards the 50% Fibonacci level adds further confirmation of the bullish sentiment. How can i approach this...
NZD/USD has been showing a bullish trend in recent times, with the price testing the resistance level at 0.65000. However, after a period of distribution, the price has been testing an ascending trendline over a support level. This trendline acts as a key level of support, and if the price were to break below it, it could indicate a potential short-order...
GJ on the 4h chart after the test of the weekly support one more time moved higher to the dynamic resistance area at the 160.000 zone. According to Plancton's strategy if the market will satisfy the condition we can set a nice long order for a higher high. Being the last trading day of the week it might be risky to open positions. ----- Follow the Shrimp 🦐 Keep...
GBPCAD after our previous analysis dropped as expected to the 50% retracement where the market tested a support area. The market then moved to the upside and is currently trading between the 0.382 Fibonacci level and a daily resistance. How can i approach this scanrio? According to Plancton's strategy IF the market will break above the structure we can set a...
SILVER on the 4h chart is trading with a series of higher lows at the recent highs. The price couldn't break yet the resistance at the top but the main trend remains bullish. How can i approach this scenario? According to Plancton's strategy IF the market will break above we will set a nice long order. ----- Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure...