USDCHF is currently undergoing a critical test of the monthly level at 0.88. This level holds significant importance as it has acted as a key level in the past, attracting market attention and influencing price movements. Based on Plancton's Rules, there is a possibility that the price may retest the previous ascending channel, now serving as a new resistance...
AUDUSD could be in an accumulation phase. The price after the test of the 0.65600 level took the lower liquidity with a test of the 0.65000 round level and started a bullish price action. The market left a lot of liquidity above the double top at the 0.69000 zone. According to Plancton's strategy we can look for a nice long order If the price will satisfy the...
ANKRUSDT is currently testing a crucial resistance level situated around the 0.026$ area. This level has proven to be significant in the past, acting as a barrier for the price to overcome. As per Plancton's Rules, traders would be looking for a clear breakout above the 0.026$ resistance level to initiate a new long position. A breakout occurs when the price...
BTCUSDT is indicating an interesting development based on Plancton's Rules. BTCUSDT is currently testing a significant key level around the 29500 area. This level has shown importance in the past, acting as both support and resistance, and is closely monitored by traders and investors. After testing the key level and potentially grabbing liquidity, the market is...
EURCAD on the daily chart after the previous impulse from the weekly support at the 1.43500 retraced exactly at the 0.886 Fibonacci level. The price from there started an bullish move to the upper resistance structure and is currently trading just below it. According to Plancton's strategy IF the market will break above we can move on the 4h chart and looked for...
USDJPY on the 4h chart after the recent top is testing a first support at the 143.500 area. The price after the bullish move might take a break and a test of the lower support at the 50 % of the main impulse can be seen. According to Plancton's strategy IF the market will break below we can look for a nice short order.
ALGOUSDT indicates an interesting development based on Plancton's Rules. After a breakout from a massive falling wedge pattern, ALGOUSDT has displayed a bullish move. The falling wedge pattern is characterized by converging trendlines with a downward slope, often indicating a period of consolidation and decreasing selling pressure. A breakout from this pattern...
QNTUSDT reveals an interesting technical pattern, presenting a potential trading opportunity according to Plancton's Rules. On the weekly chart, QNTUSDT is within a falling wedge pattern. A falling wedge is a bullish chart pattern characterized by converging trendlines with a downward slope. The upper trendline represents the resistance level, while the lower...
SOLUSDT is currently encountering a significant hurdle as it tests the weekly dynamic resistance around the $19 price level. This resistance level represents a historical point where selling pressure has been observed in the past. For a bullish scenario to materialize, the price of SOLUSDT would need to successfully break out above this resistance level. A...
FLOWUSDT is undergoing an intriguing technical pattern, presenting an interesting trading opportunity. Currently, the price of FLOWUSDT is testing a crucial weekly resistance level situated at $0.65. This level has proven to be a significant barrier for the price in the past, creating a challenging hurdle for the cryptocurrency to overcome. Traders and investors...
XRPUSDT appears to be forming a falling wedge pattern. A falling wedge pattern is characterized by a converging trendline, where the upper trendline slopes downwards at a steeper angle than the lower trendline. This pattern typically indicates a gradual decrease in selling pressure and can be a precursor to a bullish breakout. As the price of XRPUSDT continues...
ROSEUSDT is exhibiting a descending channel pattern on the daily timeframe. A descending channel is characterized by two parallel trend lines, with the upper trend line acting as a resistance level and the lower trend line serving as a support level. The price of ROSEUSDT is currently contained within this descending channel, indicating a predominant bearish...
RNDRUSDT is approaching the dynamic daily resistance level situated around $2. This price level holds psychological significance for traders and investors. In technical analysis, when a price approaches a resistance level, market participants closely observe the behavior to determine if a breakout is imminent. Should the price of RNDRUSDT successfully surpass the...
GBPUSD on the 4h chart after yesterday's news is trading at the 1.30 area. The price after the impulse might look for some retracement and we can see some higher moves due to the bullishness of the environment. IF the market will retrace to the 0.5 or 0.618 Fibonacci area we will start to look for a potential inversion and check a chance for a nice long order...
BTCUSDT is exhibiting an interesting pattern known as a descending channel. This channel is formed by two parallel trend lines, with the upper trend line acting as a resistance level and the lower trend line serving as a support level. The descending channel suggests a bearish trend in the market, as the price consistently forms lower highs and lower lows within...
GRTUSDT is currently exhibiting a specific price pattern, with the price confined within a falling wedge on the daily timeframe. This falling wedge is formed between larger weekly structures, indicating a potential significant price move in the future. According to Plancton's rules, the price would ideally need to create a breakout from the falling wedge pattern...
BNBUSDT is currently undergoing a test of the $247 area after a noticeable bullish impulse characterized by significant candle size and trading volumes. This test of the $247 level suggests a potential consolidation phase or a retracement before another bullish move. Based on Plancton's rules, there is a possibility that the price might create a new leg down in...
EURUSD on the 4h chart is trading between the 1.10000 and the 1.08500 area. The price after the last test of the lower support created an impulse to the upside. We can see how the range developed between the top of the major bullish impulse and the 50% retracement. According to Plancton's strategy IF the market will break above we can set a nice long order.