LINKUSDT has been undergoing a prolonged consolidation phase for approximately 445 days. During this period, the price movements have been relatively confined within a range, indicating a lack of a clear trend direction. Recently, the market experienced a false breakout below the crucial weekly support level located around the $5.4 area. A false breakout occurs...
GBPUSD on the 4h chart after the recent high tested the 1.31500 and dropped to the 1.28000. The price tested the 0.886 Fibonacci level in a series of narrow lower high lower low. According to Plancton's strategy IF the price will break above the descending channel dn the minor resistance we can look for a nice long order.
INJUSDT is exhibiting a descending channel pattern on the price chart. A descending channel is characterized by a series of lower highs and lower lows, forming two parallel trendlines that act as support and resistance levels. As of now, the market is testing the upper boundary of the descending channel, which acts as a resistance level. Traders and investors are...
USDCAD on the 4h chart after the break of the weekly support now turned resistance is creating a series of higher lows with equal highs. The price is in a main bearish trend and a continuation to the downside can be seen. According to Plancton's strategy IF the market will break below the support trendline we can consider a nice short order.
DOGEUSDT indicates an interesting development based on Plancton's Rules. Currently, DOGEUSDT is in the process of creating higher highs on the 4-hour chart, which suggests a potential upward trend. However, it's worth noting that these higher highs are occurring below a notable 4-hour resistance level. This resistance level has proven to be significant in the...
Recently, the price of CTSIUSDT encountered a significant resistance level on the daily chart. This resistance proved to be formidable, leading to a rejection of higher prices as buyers struggled to push the price beyond that level. As a result of the rejection from the daily resistance, there is now a possibility of a pullback in the market. A pullback refers...
USDCHF is on a bearish trend since November 2022. The price has create a new recent low with a strong impulse with a test of the 0.88 level. Currently, the market is testing the 0.5 Fibonacci level of the previous impulse and according to Plancton's strategy IF the market breaks above we can see a short-term continuation for a deeper test.
NZDJPY on the 4h chart after the main bullish impulse retraced exactly at the 0.618 Fibonacci level. The price tested the 86.500 zone and is now trading below the 88 round zone. According to Plancton's strategy IF the market will break above the minor resistance we can set a nice long order.
GOLD on the 4h chart after my previous idea moved as expected to the upside delivering already a decent profit. The market approach a minor resistance and further upwards moves can be seen. According to Plancton's strategy if the price will break above we can look for a nice long order according to the MTB strategy rules.
ALGOUSDT is currently in the process of testing the $0.11 area, and it is contained within a Falling Wedge pattern. The Falling Wedge is a bullish chart pattern that often suggests a potential trend reversal from a downtrend to an uptrend. It is formed by connecting lower highs and lower lows with two converging trendlines, creating a wedge-like...
FILUSDT is currently exhibiting a fascinating technical pattern known as an Inverse Head and Shoulders on the daily timeframe This pattern typically indicates a potential trend reversal from a bearish to a bullish trend and offers promising opportunities for traders. The Inverse Head and Shoulders pattern consists of three main components: two lower troughs, or...
EURGBP on the 4h chart tested a few times the support at the 0.85250. The market is also trading in arrange around a weekly structure in an accumulation/distribution phase. According to Plancton's strategy IF the price will break avive the area we can look for a nice long order.
MASKUSDT is currently exhibiting a fascinating technical pattern known as the "cup and handle," which can be an indication of a potential bullish continuation in the cryptocurrency market. Cup Formation: The first phase of the pattern is the "cup," which has formed after a notable uptrend. The cup is characterized by a smooth, rounded U-shape on the price chart,...
ETHUSDT is currently trading inside a pennant pattern, displaying a consolidation phase after a previous bullish move. The price action has formed a series of higher lows and lower highs, forming a symmetrical triangle. The support level lies beneath the pennant pattern, indicating a strong foundation for the asset. Traders are closely monitoring this setup as...
USDCAD after the break below the weekly support at the 1.33000 area retest the 1.32500 and started moved to the 1.31000 zone and bounced over it. According to Plancton's strategy IF the market will break below the 1.31500 support area we can consider a nice short order.
EURUSD has exhibited an interesting price movement recently, characterized by a breakout from a falling wedge pattern. The breakout followed the direction indicated by your arrow, indicating a potential bullish momentum in the market. Currently, the market is undergoing a crucial test of a key level on the 4-hour timeframe, specifically at 1.10. This level holds...
JASMYUSDT is undergoing a crucial test at the 0.618 Fibonacci retracement level, which is at the 0.0040 price level. In technical analysis, the Fibonacci retracement levels are commonly used to identify potential support and resistance areas based on the key Fibonacci ratios, with 0.618 being one of the most significant ratios. When the price approaches the 0.618...
AXSUSDT, as of the current analysis in the 4-hour timeframe, the price movement has been confined within an ascending channel, indicating a bullish trend. The ascending channel is formed by drawing two parallel trendlines that connect the higher lows and higher highs of the price action. At this particular moment, the market is approaching a significant level of...