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Ascending

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 🦐
Short
by InkyGrip
14
FTMUSDT is testing the supportThe price is creating an ascending channel on the 4h timeframe after a bounce on 0.22 Monthly support. The price got a rejection from the daily trendline (dynamic resistance). How to approach it? IF the price is going to lose the support, 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 🦐
FShort
by InkyGrip
2
NEARUSDT Wants to retest the ATH!?The price is testing the 4h support after the rejection from the supply zone on 20$ as you can see on the daily chart (the upper one) The price is creating a ascending channel below the weekly resistance on 17.7$ How to approach? The price could retest again the supply zone on the 20$, so if the price is going to have a breakout from the weekly resistance and dynamic 4h resistance, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
6
ROSEUSDT needs to hold the ascending channelThe price is creating an ascending channel after a clear rejection from 0.31$ weekly ressirance On the 4h timeframe the price is testing the monthly support on 0.25$ support level How to approach? IF the price is going to lose the 4h support and retest as new resistance 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 🦐
Short
by InkyGrip
2
XDC 2023 & 2028 possible priceusing a pitchfork along with an ascending channel. I am basing this ascending channel off of the first three points of contact at beginning of this channel along with a touch at the resistance top of ascending channel. We dipped below this ascending channel and in order for this channel to be respected, we will have to come back inside the channel. The Pitchfork is a good indicator of possible future price action. As you can see I have two price points at end of 2022 given we make contact at top of the channel $0.99 or top of Pitchfork $1.69. In 2028, which could be the next Bitcoin peak possibly over $1 million could bring the XDC price either at $346 if we respect the top of this ascending channel or a whopping $3,711 price at top of the Pitchfork.
Long
by altcoinb
5
AVAXUSDT is testing the weekly resistancethe price is going to retest the key level of 98.75 (weekly resistance) On the daily timeframe, the price flipped the 90$ area and retested as new support. On 4h timeframe, the price is creating an ascending change below the main resistance. How to approach? For the bullish scenario, the price needs to have a new breakout from the weekly and ascending channel . 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 🦐
Long
by InkyGrip
Total Crypto Marketcap based on Expanding Cycle TheoryIf the Expanding Cycle Theory proves to be correct and we peak out in November 2022 (give or take could happen earlier or later in the year), this is what we could be looking at with all crypto hitting over 11.2 Trillion in value. This scenario will put Bitcoin at or around a 4 to 5 Trillion market cap while Altcoins having the dominance will have the remainder of Lion's share. I am using the Shift Pitchfork along with a fractal and an ascending channel. I am also using the Beam band to give us a possibility of future direction if Bitcoin hits the top of its Beam band. This is all speculation as we do not know the exact peak or blowoff top for Crypto on this bull cycle as the patter has now changed. If you are interested in the Expanding Cycle Theory please visit Datadash on youtube and also Benjamin Cowen and they both have similar points.
CRYPTOCAP:TOTALLong
by altcoinb
ETHUSDT needs to hold the supportOn the upper chart, we can see the daily timeframe where the price got rejections from the dynamic resistance and the weekly one on 3k. The price is testing a daily support and the market is trying to hold it on 2560$ On the lower timeframe the price is going to retest the previous zone as new resistance, we could see a pullback on 2610-2640. How to approach? We are monitoring the price, if the price is going to have a pullback and got a new rejection from the previous support and retest the daily resistance, 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 🦐
Short
by InkyGrip
8
AUDJPY | ASCENDING TRIANGLEAUDJPY is trading in ascending triangle. Price is moving towards the bottom of the triangle. a) We are expecting a bounce from bottom and will break the resistance zone. Keep in mind ascending triangle is usually a bullish pattern and break above is likely. b) The bears will turn the table and support will not be enough for bulls. Key level is the rising support, if this is taken out and one should be confortable to short it. Trade your levels accordingly.
by JustTradeSignals
2
UPDATE 2.0 - GBPCHF - CONT or BREAK-OUT Good Evening people… The new Trading week is upon us and with this I would like to revisit the Technical Analysis of the GBPCHF The initial post was 10 days ago and the market had progressed slightly towards our target zone for a potential trade set-up [For the initial Technical Analysis follow the link below ] Moving on to the progression of the chart and further Technical Analysis  Previously, Top-Down Analysis of the Monthly & Weekly were provided. Both timeframes remain pretty much identical - Other than the previously identified Pin-Bar  Now, I did predict that this particular Pin-Bar may just return to the 1.235 Support , which is also a 61 FIB zone for the previous Low [ 1.299 ] With, the Pin-Bar being the a new Higher-High in theory Furthermore, I did mention that Price would bounce off this level - And, It did precisely that! Additionally, This bounce closed back above a newly marked out Horizontal S&R Which brings us to the Daily TF… On the Daily - We can see that our previously marked out Descending Channel is still intact Furthermore, you can see the additional Horizontal S&R I marked out This has been closing out on a daily basis at the back end of last week Moving Down to the H4 … We can see that the market did Break-Out of the Support of the previously marked out Ascending Channel Following this Break-Out - Price bounced off the 1.235 Support and has been in a strong trend for the majority of last week This being our originally predicted zone of Confluence  and target for potential trade set-ups As I previously mentioned - This is an abundance of Confluence Being a meeting of the  H4 Ascending Channel Support Resistance of the Daily Descending Channel and Horizontal Resistance  [ Beautiful, right? ]  With this in mind, I am still looking for the following… At this  1.2599 Confluence - A Break-out  with a Daily Close before any long positions can be considered  Alternatively, any type of  Bearish Price Action CS or simply rejections would have to be considered as  Shorts  Also, I will be monitoring both the H4 and Daily TFs - As, they both currently seem to be respected at the levels on these TFs [ I am expecting this to alter though ] Although, on the H4 - After the Break-Out , Price reached the Support within 10 sessions But, has taken considerably more and still moving to reach the new Resistance of the Ascending Channel This personally being a chart pattern that is preferred to a similar period of sessions for returning to the new S&R after a Break-Out Finally, We do have a Monthly close upon us this week - Such a close my provide us with further clues as to the future movement of the market If anyone is following the original GBPCHF Technical Analysis - I hope this has provided an alternative insight to the chart Thanks for tuning in people & Stay Cool!
by fxhole_
GBPCHF - DESCENDING [D] BREAKOUT or? Good Evening People... And, The Finale of the analysis for today - Working Hard! [Moving on to TradingView , I have had to set all the charts up again - But, its something that refreshes the mind for me - Positivity!] This evening I have been looking at the GBPCHF With this and as always - I began with a Top-Down Analysis Lets cut to the raw stuff... On the Monthly - We have a Bearish Trendline and also being respected on the Weekly The last visit to this diagonal resistance was back in 2016 Throughout this time - The market has dropped slightly and proceeded to range Moving on to the Weekly - I have the aforementioned Range marked out Now, last week - We did have a relatively small Pin-Bar present itself [Don't get scared - I am thinking this may just return to the 1.235 zone - This being a 61FIB too] And, bounce :l Now the interesting and trade-able stuff... The Daily Timeframe On the Daily, I have identified a Descending Channel The market is working it's way up to the Resistance of the channel and coincidently, it will meet Horizontal Resistance [ But, not before that H4 Pin-Bar has been honoured, right?] And... Whilst on the topic of the H4 - I would like to mention the Ascending Channel I have marked out on this timeframe The market is currently testing the Support of this channel If we look back at the Descending Channel Resistance on the Daily - We can see an abundance of Confluence The meeting of the H4 Ascending Channel Support , Resistance of the Daily Descending Channel and Horizontal Resistance [ Beautiful, right? ] At this 1.2599 Confluence I am looking for a Breakout with a Daily Close before any long positions can be considered Alternatively, any type of Bearish Price Action CS would have to be considered as Shorts Thats it for today people - Good Night & Sleep Well Thanks for tuning in - Peace Out!
by fxhole_