The price of ETHUSDT got liquidity from the first accumulation at 1102, where a weekly support level was identified. This was followed by a clear breakout from the descending weekly channel, indicating a strong bullish sentiment. The price of ETHUSDT has been consolidating since then, going through a period of accumulation. This is a positive sign, as it...
it is currently being tested at the 0.5 Fibonacci level. This follows a clear breakout from a descending resistance level near the $16,000 area. After a period of accumulation, the price created a bullish impulse and retested previous resistance levels, which now act as supports. The Fibonacci level of 0.5 is a key technical analysis level used to determine...
Technical analysis of the EUR/CHF pair on the 4-hour time frame reveals an upward trend within an ascending channel. After reaching a recent low, the price action started to move higher, forming higher highs and higher lows. The ascending channel pattern formed as the price action created two parallel trend lines, one acting as resistance and the other as...
Based on the 4 hour timeframe, the USDJPY pair is currently in a bearish trend, as evidenced by its price action inside a descending channel. The market has recently tested the upper trendline of the descending channel with equal highs and rising lows, this could indicate a potential bullish reversal and a shift from bearish to bullish momentum. The price of...
KCSUSDT has recently experienced an impressive breakout from a bull flag pattern. The price is currently testing a key resistance level after retesting the 0.618 Fibonacci level. The market appears ready for a potential breakout. A bull flag pattern is a technical analysis chart pattern that is characterized by a strong upward price movement, followed by a...
BNBUSDT is currently showing a clear Adam and Eve breakout on the daily chart, with the price breaking out of a previous consolidation pattern. The price is now inside a bull flag pattern, which is typically seen as a continuation pattern. The flag is located below the supply zone, indicating that there may be resistance at this level. Overall, the current price...
DOTUSDT has recently had a breakout from a falling wedge pattern. A falling wedge is a bullish reversal chart pattern that is formed when the price is trending downwards but starts to converge in a tighter range. This pattern is characterized by a series of lower highs and lower lows that are connected by two trendlines that are sloping downwards. The breakout...
The price is testing the neckline of the inverse head and shoulders. The price created the rounded bottom pattern as well. How to approach it? the price needs to create a breakout from the neckline with volume and retest it as new support, so According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly...
On the weekly timeframe suggests that the price is currently testing previous lows. However, it appears that the price has bounced off of a key support level and broke out of a descending channel. This could indicate a potential trend reversal, with the price potentially moving higher. The next key level to watch for is the 1630$ level, as this area has...
DOGEUSDT is currently forming a cup and handle pattern on the 4-hour chart. A cup and handle pattern is a bullish reversal pattern that forms after a prolonged downtrend. The pattern is characterized by a "cup" shape that is formed by a downward sloping curve, followed by a "handle" that is formed by a small downward curve or a period of consolidation. In the...
The price had a clear breakout from the descending channel and retest it as new support on 0.36$ area on 0.618 Fibonacci level. XRP got the liquidity from the false breakout from the 0.33$ area, where the market created the local demand zone At the moment the price is going to create a pennant just below the daily resistance and key level How to approach it? the...
USOIL on the 4h chart after the recent low started an impulse to the upside. The market after the retest of the daily resistance (blue) retraced perfectly at the 50% level. The price is now back at the structure below the 81 level and a bullish continuation can be expected. How can i approach this scenario? According to Plancton's strategy IF the market will...
GOLD on the 4h chart is a t the top of a long bull run. The price creates a strong seres of higher highs higher lows and currently the market is trading below a minor resistance. How cab i approach this scenario? Is risky to take long trade at the top of a trend but I will wait for the EU market open and, IF the price will break and close above, Ii will...
ICXUSDT has recently formed a double bottom pattern on the 0.1381 area and a rounded bottom, indicating a potential bullish reversal. The pair had a clear breakout and retest of this level, and the price has been consolidating since. For the bullish trend to continue, it is important for the pair to create a new clear breakout above the resistance level. We are...
USD/CHF has been in a downtrend, but recently tested a weekly resistance level at 0.91000. After testing this level, the market started an impulse move and has now tested the 0.618 Fibonacci level. This level is significant because it is a key retracement level and is often an area where the market may see a reversal or a significant pullback. Traders may look...
AUDJPY on the chart appears to be creating an ascending triangle pattern, with rising lows below the 92.700 level. This is a bullish pattern as it suggests that the market is finding support at this level and that bulls are pushing the price higher. The resistance level is the horizontal upper structure of the triangle, where the price is repeatedly failing to...
USD/JPY on the 4-hour timeframe is currently testing a key resistance level. The recent low in price has established a support level, which suggests that we can see a short-term bullish momentum. A break above the resistance level would be a buying signal if the strategy will be satisfied. Traders should watch for a bullish candle such as a long green candle,...
it has broken out of a rising wedge pattern, indicating a potential trend reversal. This breakout was supported by liquidity from the 19$ area, which provided support for the price and helped to push it above resistance levels. The breakout has led to a retest of the resistance level, which is a common occurrence after a pattern like this. Traders may want to...