OPUSDT s currently exhibiting a Falling Wedge pattern. The Falling Wedge is a bullish chart pattern that typically indicates a potential trend reversal from a downtrend to an uptrend. The pattern is formed by connecting the lower highs and lower lows with two converging trendlines, creating a wedge-like shape. One notable characteristic of the Falling Wedge is...
Descending Channel Formation: The current market situation involves ATOMUSDT forming a descending channel pattern on the daily timeframe. A descending channel consists of two parallel trendlines, one functioning as resistance and the other as support. This pattern suggests a potential continuation of the ongoing downtrend. Key Level Loss: The analysis indicates...
GOLD on the 4h chart is testing the 1900 zone over the 0.886 Fibonacci area. The price is bouncing over the support below and some retracement moves to the upside can be seen. According to Plancton's strategy IF the market breaks above the 0,786 resistance level we can look for a potential long order.
Falling Wedge Breakout: HBARUSDT has recently experienced a breakout from a falling wedge pattern. A falling wedge is characterized by a narrowing price range between two converging trendlines. A breakout from this pattern is generally seen as a bullish signal, indicating a potential reversal of the prior downtrend. False Breakout Confirmation: You mentioned that...
Testing Key Daily Support: The current market situation involves LRCUSDT testing the $0.2 area, which serves as a crucial daily support level. Daily support levels are historical price points where buying interest has previously emerged, potentially preventing the price from declining further. Breakout Potential at $0.24: You've indicated that a potential trading...
Falling Wedge Formation: The market is currently forming a falling wedge pattern. This pattern is characterized by converging trendlines that slope downward. Falling wedges often indicate a potential reversal from a downtrend to an uptrend. Testing the $0.12 Resistance: The current price action involves testing the $0.12 area as a resistance level. This level has...
Oblique Inverse Head and Shoulders Formation: The market is currently shaping an oblique inverse head and shoulders pattern. This pattern entails the formation of three troughs, where the middle trough (the "head") is positioned lower than the flanking two troughs (the "shoulders"). It's noteworthy that the pattern might not exhibit perfect symmetry. Testing the...
Falling Wedge Breakout: TRBUSDT has successfully broken out from a falling wedge pattern. Falling wedges typically signify a bullish reversal pattern, suggesting the potential for a shift from a downtrend to an uptrend. Inverse Head and Shoulders Formation: The market is currently in the process of forming an inverse head and shoulders pattern. This pattern...
New Higher High and Breakout: You've indicated that for a potential bullish trading opportunity, ICPUSDT needs to achieve two key conditions. First, it should create a new higher high, which means that the price needs to surpass a previous local high. Second, the price needs to break out from both the dynamic and static daily resistance levels. Dynamic and Static...
Falling Wedge Breakout: LITUSDT has experienced a breakout from a falling wedge pattern. Falling wedges are bullish reversal patterns characterized by converging trendlines, often indicating a potential trend reversal from a downtrend to an uptrend. Retest of 0.618 Fibonacci Level: The price might be in the process of retesting the 0.618 Fibonacci retracement...
USOIL ,on the daily chart, after the multiple test of the weekly support around the 67 area, broke the descending trendline that creates lower highs and started a bullish impulse. The market is now testing a daily resistance and according to Plancton's strategy IF the market will break above we can move on the 4h chart to look for a nice long order.
EURCHF on the 4h chart after the test of the daily support created an impulse to the upside. The price after a test of the 0.96400 zone has retraced to the 0.618 Fibonacci level and turn over the 50% in the upside continuation. According to Plancton's strategy IF the market will break above we can consider a nice long order.
DOTUSDT is testing the support level at $4.975. A support level is a price level at which there has been historically strong buying interest, preventing the price from falling further. For a potential bullish trade setup according to Plancton's Rules, the price needs to create a clear breakout above the static and dynamic daily resistance at $5.4. A breakout...
SUSHIUSDT is currently in an accumulation phase, which means that the price has been consolidating and trading within a relatively narrow range. This phase is characterized by lower volatility and indecision among traders as they wait for a clear direction in the market. The daily resistance level at 0.719 is a significant price level that has been preventing the...
DYDXUSDT is currently testing the 0.618 Fibonacci level below the daily resistance. The 0.618 Fibonacci level is a crucial retracement level derived from the Fibonacci sequence and is often used in technical analysis to identify potential support and resistance levels. When the price approaches this level, it suggests that it might find support and witness a...
EURUSD on the 4h chart after a test of the 0.786 Fibonacci level is testing the round level of the 1.10. The price could not break above yesterday evening and today we can see a new test of it for a short-term retracement to the upside. According to Plancton's strategy IF the price will break above we can look for a nice long order.
EURCHF on the 4h chart is getting close to the 0.95000 level which is a strong support area. The price is creating a series of close lower highs lower lows and will soon test the structure. According to Plancton's strategy IF the market will took the liquidity below the area and create a false breakout we can consider a short term long order.
ARBUSDT wants the breakout ? Flag Breakout: ARBUSDT has experienced a clear breakout from a flag pattern. A flag is a continuation pattern that resembles a rectangle or parallelogram and forms after a strong price movement. A breakout from a flag often indicates a potential continuation of the prior trend. Testing 0.618 Fibonacci Level: The price is currently...