VeChain is a blockchain platform designed for supply chain management and business processes. Since 20th February, the price of VETUSDT has been moving within a descending channel, indicating a downtrend. This pattern is characterized by a series of lower highs and lower lows, forming a channel sloping downwards on the price chart. Currently, the market is...
ETHUSDT indicates a false breakout from a falling wedge pattern, which is characterized by a narrowing range between a downward-sloping resistance line and an upward-sloping support line. The false breakout occurred around the 0.618 Fibonacci level, which is a significant level for traders who utilize Fibonacci retracement as a technical analysis tool. Currently,...
The recent price action of RDNTUSDT has shown a breakout from a falling wedge pattern, indicating a potential shift in market sentiment. The falling wedge pattern is characterized by a narrowing range between a downward-sloping resistance line and an upward-sloping support line. After the breakout from the falling wedge pattern, RDNTUSDT is currently testing a...
The current price action of ANKRUSDT indicates an interesting development as it tests the weekly resistance level. This resistance level has significance in the market as it has previously prevented the price from moving higher. After an initial attempt at breaking out above the resistance level, the price of ANKRUSDT has retraced back to test it again. This...
GJ on the 4h chart after our previous analysis continue the bullish trend. The market creates a series of higher highs higher lows and is currently testing a daily resistance. We can notice how the series higher lows has equal highs and that's can indicate and increase in the buyers pressure. According to Plancton's strategy IF the price will break above we can...
GBPCAD after our previous analysis moved as expected. The price turned at the 50% pf the previous bearish leg and is now trading to the 1.67 support area. According to Plancton's strategy IF the price will break the round number support we can consider a short position.
GBPCAD after the last test of the weekly resistance at the 1.69500 moved to the 1.6700 support. The market bounced to the 50% retracement and according to Plancton's strategy if the price will break below we can consider a nice short order
GBPUSD on the 4h chart is trading at a weekly resistance after a strong bullish impulse. The market is testing the 1.28 zone and some retracement could be seen in the next sessions. According to Plancton's strategy IF the price will retrace to the lower support level we can look for an inversion to set a nice order.
USDJPY after our previous analysis moved as expected. The price tested the previous high at the 141 level and retraced at the 0.618 Fibonacci area. According to Plancton's strategy IF the price will break above we can set a nice long order.
AUDUSD on the daily chart after the test of the 0.65000 area started an impulse to the 0.69000 zone. The price got rejected and tested the 0.618 Fibonacci level. After a bounce over it the market is looking for a new impulse and according to Plancton's strategy IF the price will break above the daily resistance we can set a nice long order
TWTUSDT has formed a V-shaped pattern, which is characterized by a sharp decline followed by a quick recovery. This pattern often indicates a significant shift in market sentiment from bearish to bullish. However, it's important to note that the market requires increased volume to fully establish itself within a specific price range and create a breakout above...
GBPCHF on the 4h chart after the recent low started a series of higher highs higher lows. The price has tested the 1.15000 level and retested the 50% of the impulse below a daily structure. According to Planctonìs strategy IF the market will break above we can set a nice long order.
ENJUSDT, is currently in a critical phase as its price is approaching both the daily support and the weekly support levels. This convergence of key support areas makes it an important zone to watch for potential price action. A pullback refers to a temporary reversal in the price of an asset after a significant upward movement. It is a natural and healthy market...
EURUSD on the 4h chart is trading at the top of a bullish impulse. The price is losing momentum and started to move inside an ascending channel. According to Plancton's strategy IF the price will break below the lower trendline we can set a nice short order as the CPS strategy say.
NZDUSD on the 4h chart after the recent low and the perfect test of the 0.60000 level starts a retracement move to the upside. The market create a first impulse with a consequent test of the 0.618 Fibonacci level over a support and it then moves to the upper Daily resistance. According to Plancton's strategy IF the price will break above we can set a nice long...
SNXUSDT is exhibiting a distinctive pattern known as an ascending channel, which is formed by a series of higher lows and higher highs. This suggests a bullish trend in the market. However, it's important to note that the price is currently approaching a significant daily resistance level. If the price fails to break above this resistance and instead drops below...
USDCHF on the 4h chart after the test of the daily resistance at the 0.91200 has started a series of lower low lower high. The price creates a last bearish impulse over a 4h support at the 0.89000 zone and retraced to the 0.618 Fibonacci level. According to Plancton's strategy IF the price will break below we can set a nice short order.
EURUSD on the 4h chart is trading at the top of the bullish impulse. The price tested the resistance level and is currently looking for a direction. After an impulse, we can see some consolidation and possibly a retracement. According to Planctpn's strategy IF the market will break below we can consider a nice short order based on the MTB strategy rules.