VLXUSDT is testing the 0.618 Fibonacci levelAfter the previous call, the price made more than 14%.
The price is testing the daily resistance at 0.24$.
on the 4h timeframe, the price is testing the 0.618 Fibonacci level as new support.
How to approach?
IF the price is going to have a breakout from the daily resistance, we could see another bullish impulse until the next resistance on 0.26$ 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 🦐
Breakoutsignal
BTC-WATCH THE CLOUDS-D1 and W1 !WEEKLY (W1)
Last week price action triggered a LONG BLACK CANDLE (BEARISH SIGNAL) which managed to close above the Tenkan-Sen @ 41'279.
The ongoing candle, firstly broke, yesterday, the TENKAN-SEN and went lower towards the bottom of the weekly clouds which act, for the time being as support..
In order, in this weekly time frame to neutralise the selling pressure, the BTC needs, at least to recover above the former support (Tenkan-Sen) @ 41'279; this would be the first step of a potential recovery.
A failure to do it on a weekly closing basis, would keep the focus on the bottom of the weekly clouds (@ 39'895) ahead of the next significant support @ 36'425 (former primary support trend line and monthly KIJUN-SEN.
DAILY (D1)
The cross-under 41'279, as expected and mentioned in my last analysis (see related ideas) triggered a downside acceleration in breaking in its way the psychological 40'000 support level in making an intraday low @ 39'218.
A natural pullback took place, attempting to recover above the former support (daily thin clouds), currently 39'900 and 40'100
RSI @ 37.70
LAGGING LINE attempting to stay above both KS and TS.
2 SCENARIOS COULD BE SEEN FROM NOW :
1) BULLISH
A successful breakout and a daily closing at least above 40'000 would neutralise "temporary" the ongoing downside risk calling for lower level; nevertheless, such kind of price action should be confirmed by an upside move continuation at least above the middle (40'841) of the yesterday's long black candle (bearish), which if seen, would trigger a PIERCING LINE , (1st bullish signal), A much bullish signal would be given by a daily closing above both the Kijun-Sen @ 41'279 and above the yesterday's opening level @ 42'159, which if achieved would trigger a BULLISH ENGULFING . a pattern which should be seen more powerful than the Piercing line previously mentioned.
2) BEARISH
If the ongoing pullback attempt fails and do not achieve to recover above the levels above mentioned in the bullish scenario, then the focus will switch firstly towards the secondary support trend line (minor support) around 39'000 ahead of the more important support of 36'425 being firstly the monthly KIJUN-SEN and secondly the primary support trend line.
CONCLUSION :
Once again the CLOUDS and LAGGING LINE will give the answer !!!
4 HOURS (H4)
Currently far below the clouds and also below TS, KS and MBB
In this 4 hours time frame, it looks like any recovery should be seen as a corrective move only in an established ongoing downtrend and any rally should be considered as a better selling opportunity.
It is not a surprise to see that the H4 TENKAN-SEN @ 41'334, coincides roughly with the Daily TS @ 41'279 previously mentioned as an importance new resistance to break in order to neutralise the ongoing downside move; therefore, this resistance area corroborate the daily view and as long as the BTC does not achieve to recover and hold at least above 41'279, the picture will remains bearish.
1 HOUR (H1)
Currently above TS and facing the Mid Bollinger Band resistance @ 40'251 ahead of KS @ 40'793
No RSI bullish divergences detected yet in this H1 time frame which mean, for the time being corrective move and not trend reversal yet !!!!
Last but not least the hourly clouds resistance are @ 42'613 (twist).
IRONMAN8848 - Jean-Pierre Burki
XRPUSDT lost the 4h support The price had a breakout rom the ascending channel after a rejection from the monthly resistance on 0.918$
On the 4h timeframe, the price had a breakout from the bear flag and now the price lost the 4h support on 0.75$
How to approach?
IF the price is going to lose the next 4h support and satisfy our rules we can open a new short position. The next valid support is the daily one, on 0,69$
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 🦐
TITAN and its Big Bullish BreakOutTitan is having good breakout and sustained above 2500.
Volume Profile of the range for Titan indicates Accumulation.
Titan is forming outperformance also in Panic situation of Globally now a times.
Target : 2700, 3000+++
SL: 2325 (1 day close base)
Risk is yours and Reward is too yours totally
Jasmy - Quick 5 minute update! Take off soon!Nothing has changed for me guys, except one thing ...I have become even more bullish on Jasmy!
⛓️ 🔗 Useful Links 🔗 ⛓️
(see below)
DNTUSDT may give another pump if it break out the current resistance level
note :-
This not a financial advice
Today's pick :-DALMIASUGDALMIASUG buy above 547. It must be sustained above 545. As there is a daily breakout in DALMIASUG, You will get enough time to enter. Don't be in a hurry. Take position after proper break out as 545 is resistance.
Target 550,555,560,570
SL 535
If it gaps up then wait for retest then take entry.
Wishing you a profitable day.
Voltas-Breakout CandidateVoltas is near its previous high, and the possibility of a breakout is high as stock has consolidated well in the last 5 months.
ENSUSDT is in consolidation phaseThe market created a double bottom on the 12.30$ on the daily timeframe.
After each breakout, the price retested the previous resistance as new support.
on the 4h timeframe, the price is in the consolidation phase below the 20.5$
How to approach?
IF the price is going to have a clear breakout from 21$ and retest as new 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 🦐
ETHUSDT is testing the 4h resistanceAccording to my previous analysis () the price followed my arrow and now the price is testing the 3520$ resistance.
On the daily timeframe the price had a breakout from the daily resistance on 3410 and retest it as new support.
How to approach?
The price could retest the resistance at 3680$, so the market needs to get new momentum and liquidity with a new breakout from 3530$. the next valid resistance is on 3590. 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 🦐
HBARUSDT is testing the daily resistanceThe price got a rejection from the monthly resistance on 0.26$
On the 4h timeframe the price is creating a bullflag on the 0.5 Fibonacci level and the market is trying to have a breakout from the M's neckline and daily resistance on 0.25$
how to approach?
IF the price is going to have a breakout from the resisntace and retest it as new 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 🦐
HDFCBANK Verge of BreakoutHDFCBANK is showing breakout signs after forming IH&S pattern with good volumes. Post this breakout this can be good swing trade for short/medium term.
Levels are explained in charts
Disclaimer: This study is for educational purpose only & is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
QRDO test of big resistance soonQRDO coiling up for retesting resistance above, if broken, could have nice move...
BTCUSDT is testing the supportThe price got a rejection from the daily resistance on 48100 as you can see on the daily timeframe.
On the 4h timeframe, the price is following the arrow that I drew in the previous analysis. The price needs to hold the support on 44k and 0.382 Fibonacci level.
How to approach?
IF the price is going to lose the support we could see a retest of 0.5-0.618 Fibonacci level on 42k. Otherwise, if the price is going to get new liquidity from the previous resistance now new support, we could see a new bullish impulse. The market needs to create a new breakout from the 48200
––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
DYDXUSDT wants the breakout!The price is trying to have a breakout from the daily resistance on the daily timeframe after several rejections.
On the 4h timeframe, the price got liquidity from the demand zone on 4.8$
the price is testing the 4h resistance on 5.2$ on 0.5 Fibonacci level.
How to approach?
If the price is going to have a breakout from that area, we could see a new bullish impulse until the next valid resistance on 5.5$
––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
IOTXUSDT is testing the 4h resistanceThe price had a breakout from the bull flag and retest the 4h resistance on 0.10$.
This area is very strong, if you look on the left you can see that the price got bounces and rejections from it, it means that the market "suffers" on this area
How to approach?
The price needs to have a new breakout from the resistance and confirm it. As you can see, the breakout is not enough, before the price had a false one, for that reason we are following Plancton's rules to open a new position. So, IF the price is going to confirm the flip, According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
CARDANO BREAKOUT! DAILY CHART ANALYSISHey everyone
Today i show you my Cardano Daily Chart Analysis.
ADA broke out of the big downtrend a while ago and still holds above the most important support area which is 1.035$ - 0.98$.
Can you trade this?
- Yes. You can long ADA from 1.035-0.98 with a stop loss at around 0.95
What are the important areas/targets?
- All areas and long targets are given on chart.
I hope you guys like my idea
PDEXUSDT 🏹see and watch :)
The downtrend line has been broken and also in terms of candlestick, a good pattern has been formed and in the end, the excellent R/R ...
LINAUSDT is trying to have a breakoutThe price had a breakout from the daily falling wedge and had a breakout from the monthly resistance and retest it as new support.
on the 4h timeframe the price is trying to have a breakout from the 4h resistance and ascending channel.
How to approach?
The price needs to create a new breakout from the 4h resistance and retest as new 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 🦐
ETHUSDT want to go higher 🦐The price is testing the 0.5 Fibonacci retracements as I said in my previous analysis (). The price is creating e new higher high above the previous on (3200)
On the 4h timeframe, the price had a breakout from the supply zone.
how to approach?
the price needs to confirm and 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 🦐
$XRP Potential Swing Long (Fibonacci Retracement)I stumbled upon a recurring pattern on the XRP daily chart. It seems like every time $XRP has retraced back to the 0.5 Fib level before it bounces off it. Now as XRP could be breaking out of the descending triangle or you could call it a massive bull flag, we could potentially finally see XRP Move back up to newer highs in the upcoming months.
BITCOIN BREAKOUT!As we can see bitcoin is currently in a bullish descending wedge and falling towards the 0.618 fib level on the 1hr time frame. Hopefully we will rise a good 5%. This is based on the recent breakouts bitcoin has had during the last few weeks.
