Btc ascending Chanel ? 30k small step ?Does the 30k is just a really small step?
Asking my self if we gone see a maxi big Green candel and going far from 30k.
Ascending
LTCUSDT needs to hold the support!LTCUSDT has been testing a key level in the 100$ area, where there is a weekly resistance level. This level has proven to be significant in the past, and it's possible that buyers are struggling to push the price higher.
Furthermore, the price has lost its dynamic support and is now testing it as a new resistance level. If the price were to lose this support and retest it as a new resistance level, it would signal a potential shift in market sentiment from bullish to bearish. In this scenario, traders may consider applying Plancton's Rules, a trading strategy that involves taking a short position when a market experiences a significant price drop.
It's important to note that this scenario would only apply if the price were to lose its support and retest it as a new resistance level. If the price were to hold its support and continue to push higher, it could signal that buyers are still interested in entering the market and that there is potential for further gains.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
Bitcoin's Ascending Wedge: Will it Breakout or Breakdown?Bitcoin has formed an ascending wedge pattern, where the price is trending upward within a narrowing range. If it breaks below the lower trend line, it could reach the targets mentioned. If the price bounces off the lower trend line and touches the upper trend line, it could potentially break through and flip it as a support level, indicating a continued upward movement or it could come down again, and retest the lower trend line. A pullback is often seen as a sign of a healthy and sustainable upward trend. Read my attached analysis for further updates on Bitcoin's performance.
#BTCUSDT - Short YOLO Opportunity#BTCUSDT - Short YOLO Opportunity
Lots of Bearish indicators going on here now. Can go for a bit of a yolo BTC short here. Might pay off really well. Although we are seeing some random BTC pumps coming in although it is looking like people are starting to realise some profit now.
Entry Conditions:
- Bearish Divergence
- 200EM Daily Rejection
- Ascending Wedge Breakdown
- Bearish CME Gap
- Bearish Weekly Pivot
VERTEXT CHARTS | XAUUSD AnalysisXAUUSD is moving in ascending channel in the 4Hr timeframe.
The pair has now reached the resistance trend line of the ascending channel and a bearish move is expected.
Look for sell opportunities.
WMT - Broadening Wedge - BearishWMT is currently showing an ascending broadening wedge pattern on daily timeframe. An ascending broadening wedge is a bearish reversal chart pattern. Where the upper line is the resistance line and the lower line is the support line. As we can see in the chart that its moves increase with higher magnitudes. This pattern should be traded when the price breaks out of the support line.
In our opinion, it´s likely for the price to retrace and break out of the support line. When the price breaks out of the support line, a short position can be taken and the target can be targeted.
All the details are shown on the chart.
Goodluck!
AUDUSD can move lower? 🦐AUDUSD on the 4h chart moved between 2 ascending trendline.
The price has recently broke the lower trendline and is trading over a daily support at the 0.66500 level.
How can i approach this scenario?
I will wait for a possible break and test of the support area and IF that will happen i will look for a nice short order according to the Plancton's strategy rules.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
GBPUSD Ascending channel Visible Ascending channel at Gbpusd, almost going to break with bearish rectangle, Entry expected after support breakout and retest.
LITUSDT - Short - Broadening wedgeLIT is currently forming an ascending broadening wedge on 4h timeframe. An ascending broadening wedge is a bearish reversal chart pattern. Where the upper line of the wedge acts like a resistance and the lower line acts as a support.
Looking at the chart we can see the RSI is suggesting an overbought condition. So it´s likely for the price to go down. Also we can see at 04:00 there was a lot of pressure from the sellers. So the price is most likely to go down. First target one should be prioritized. When the price breaks out of the pattern the final target could be considered.
All the details are shown on the chart.
Goodluck!
LINKUSDT needs to hold the supports!The price is testing the 4h support inside a ascending channel on the daily timeframe.
The price had a big rejection from, the 7.8$ area and now the market is trying to hold the daily dynamic support and static 4h static support as well
How to approach?
IF the price is going to lose the support and retest it as new resistance, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ black structure -> <= 1h structure.
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Follow the Shrimp 🦐
EURGBP two strong supportsThe number of unemployed people in the UK increase what means that other currencies have the change to be stronger than GBP.
We can see an ascending channel, with a diagonal line making the support, and other one, the horizontal and it seems to be a support and in the past an old resistance.
We could wait to see if the candles will cross the line 0.87658, or just put a SL there using the ATR indicator
Bitcoin inverse cup and handle possible invalidation 2022We could possibly see this inverse cup and handle get invalidated if BTC breaks this descending yellow trendline since the $69k high in 2021. I can see a $25k price target if we follow this ascending trendline that could be forming right now.
Bitcoin Bearish WedgeHi everyone,
Thank you for considering reading my idea.
Bearish flag/wedge with a target of $16.5K.
Thank you for reading my idea. Like this idea and follow me for more ideas like this. NFA. TAYOR. DYOR.
Cheers,
Juvar
Football - Long Term PlanFootball is a very good instrument for those who want to have a diversified crypto portfolio which is less likely to be correlated with broader crypto market as the instrument follows the price action of its fan tokens constituents.
For the long run is always good to have some in your trading portfolio.
Looking at its current set-up, 4H timeframe formed an ascending trendline. If it breaks it there is room for further declines. Around $1000 is a good buy area for a rebound.
Operate with tight stoploss as market is choppy
Ascending ChannelUSDCAD is currently targeting to touch the upper line of the channel, as soon as it touches it, we are looking forward for bears to take over. We may see a huge price drop to the bottom trendline. I wish you all the best. Remember to use proper risk management. Let's Download Success.
TOTAL TrendHello and greetings
The total market has been bullish in these few days.
He will dance on channel 1 million for the next 1 month
ALTO is rising with earnings expected ASCENDING CHANNELNASDAQ:ALTO
ALTO has earnings post-market 8/8/22. per Yahoo! Finance
last earnings were significantly 10% of share price
Chart (60 minutes) shows a two-week ascending channel as well
as increasing relative volume now sitting at a volume
profile resistance shelf and consistently above
the cloud indicator.
Will ALTO continue on the uptrend or bounce off resistance?
TXN - Inverted Ascending ScallopUp Channel Breakout with a large inverted ascending scallop formation
Inverted ascending scallops are a bullish pattern, and will likely act like this as a support is found above the channel
ENPH- Triangle Breakout - UpdateThe solar sector has been leading the broader markets for some time now, very much eyeing ENPH along with some others in the sector for a run-up & breakout prior to, and after their earnings. ENPH is holding a big symmetrical triangle on the daily timeframe after closing on Friday sitting on its 20-Day SMA. ENPH additionally has some nice bullish divergence on the RSI on the daily timeframe, as well as holding an ascending triangle on the 4-Hour timeframe after forming a bullish butterfly harmonic pattern (See Attached Chart Below). Bullish and will be looking for a breakout from this triangle (Broader Market Conditions Permitting)- Just some support and resistance levels to watch along with some RSI-based supply and demand zones to keep an eye on in the meantime- See previous charts attached below for previous price targets.
4-Hour Timeframe
--Previously Charted--
PT1- $198.17
PT2- $200.85
PT3- $203.22
PT4- $206.60 +
CRVUSDT is testing a key levelTheprice had a nice bounce from the weekly support on 0.52$ area and started with ascending channel until the 0.786 Fibonacci level resistance on the 4h Obrder block.
the market created a minor ascending channel and now the price is testing the resistance.
How to approach it?
IF the price is going to lose the support and retest it as new resistance, we could see a retracement until 0.382-0.618 Fibonacci Level, so According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
BTCUSDT needs to hold the 20kthe price lost the support after a breakout from the 21400 without momentum and the price retested the previous support as new resistance as I told you in my previous analysis.
Now the price is isnide a minor descending channel inside the major ascending channel above the 20k.
How to approach it?
We could see a retest on 21k is to retest the previous support again.
IF the price is going to get another rejection from it, According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
HUHTAMAKI Long IdeaAscending triangle pattern poised for breakout. Entering on the break of 37.50 with a stop around 34.75. Taking first profits at 43.00 moving stop to break even then second profit at 45.70.
