KCSUSDT is testing the daily resistance
The price retested the 0.786 Fibonacci level on the monthly timeframe.
On the daily timeframe, the price is testing the daily resistance on the 19$, as you can see on video, the price got rejections from that area, it means that this area is very strong, and the market needs a clear breakout from it with volume.
On the 4h time frame we can find two supply zone, the first one around 19.5$.
How to approach?
IF the price is going to have a breakout from the daily resistance, According to Plancton's strategy , we can set a nice order
The next valid resistance is 21$
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
Breakoutsignal
Similar to Dogecoin, CompUSD looks ready to break!Traders,
This one looks similar to my DogeCoin post a few days ago (see link to related ideas below):
Inverse H&S pattern - looks to be playing out
Clear target at area of confluence
Similar pattern as many other altcoins ...tackling a major MA
So, here's the way I'd play this (also, similar to the recent dogecoin post):
#1 - Zoom in to the 4 hr chart.
#2 - Now, pending your risk tolerance here's how I would play this:
------ Balls of Steel Risk Tolerance - wait for confirmation above the 50 day MA. Once I see a candle close above the 50 day, that's my sign. I enter.
------ "Meh" Risk Tolerance - wait for confirmation above the neckline at $125. Once I see a candle close above that neckline, I'm golden.
------ "I'm so scared" Risk Tolerance - for you chickens that wouldn't cross a sidewalk crack without looking both ways - wait for both closing candle above $125 and another candle to open and close above $125 on the 4 hr, then enter if you dare.
Targets:
You first target shall be $152. If you still have your grips on that diamond, then go $170.
Best to you all!
Beer money appreciated.
-Stew
LRC next leg up? Will we see the next leg up? If that nice support holds, we could indeed. Set alarms, and be extra careful if entering before a possible breakout from that resistance zone above... We could expect a retest of lower support and that would be my preferred long entry. Good luck traders.
BTCUSDT is testing a key level
In this analysis, we start from monthly timeframe and we can see how the price respected the Fibonacci retracement on 0.786 level, and we create new weekly and monthly structures.
on the Daily timeframe the price created a strong area on 43-44k where the market is trying to have a breakout.
On the 4h timeframe we can see how the price is testing the 0.886 Fibonacci level as new resistance.
How to approach?
We need to see a new breakout from the daily resistance with Volume and momentum, because that area is very strong and we could see a false breakout from it, for that reason we are following our rules. A breakout is not enough to open a new long position, the price needs to satisfy our rules. IF the price is going to satisfy all our checkpoints, we can open a new long position. the next valid resistance is on the monthly resistance on 46800
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
RUNEUSDT is testing the 0.618 Fibonacci levelthe price got a rejection exactly from the monthly resistance at 5.8$. After the rejection, the price is going to test the 0.618 Fibonacci level on the daily support at 4.32$
on the 4h timeframe, you can notice a false breakout from the monthly resistance
How to approach?
If the price is going to have a breakout from the 4h resistance at 4.5$ and r3etest 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 🦐
ADAUSDT is testing a weekly resistance
The price created a descending channel on the daily timeframe and had a breakout from it. The market had another important breakout from a key level (1$) after the price created an Adam and Eve pater below the monthly structure.
On the 4h timeframe the price is testing the weekly resistance on 1.2$
How to approach?
The price needs to create a new breakout from the weekly 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 🦐
UNIUSDT is testing the daily resistance The price had a breakout from the descending channel on the daily channel and now the market is testing the static daily resistance on 10.25$
On the 4h timeframe the price is creating an ascending channel.
Beware to the supply zone on the 10.6$
How to approach?
We are waiting for the breakout from the resistance and retest it as new support. Of course a breakout is not enough, you need to have a strategy, for that reason we are following our rules. 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 🦐
BITCOIN BREAKOUT?! OR CRASH TO 30K?! ALL RANGES!Hey everyone
Today i show you my Bitcoin Daily Chart Analysis.
In this chart you can see THE most important support and resistance we currently have on Bitcoin.
Since December 2021 Bitcoin broke down the big bullish uptrend and since then we are down almost -40%.
In my opinion Bitcoin is NOT bullish until we not breakout $44500 - $46000. That breakout would confirm a pump to $50000 area which you can see on the chart.
If we even manage to breakout $52000 - $53500 im really bullish on BTC and expect at least a rise up to $60000.
Overall i think we will see a breakout to $52000 - $53500 and then a dump back to even $30100 - $28500.
What are the important areas we have to watch on BTC?
- from $65000 to $69100
- from $52000 to $53500
- from $44500 to $46000
- from $28500 to $30100
- from $21900 to $24300
Is there a way to trade all the ranges?
- Yes. A good opportunity to Short Trade BTC is from $52000 - $53500
- Aswell a Long Trade on BTC from $28500 - $30100
I hope you guys like my idea
WINMED | Falling Wedge Breakout Signal Trading SetupPrice action and chart pattern trading setup
> Falling wedge breakout with a strong bullish candle.
> Pullback/entry at dip recommendation to avoid chasing price where no built-up candlestick or squeeze area support.
> Target at volume profile main point of control 0.786-1.0 retracement zone
> Risk ratio : 2: 1 for medium-term trade
> Stop loss at the lowest position of the falling wedge
Always trade with affordable risk and respect your stoploss
USD /CAD 1.26173 -0.11% LONG IDEA * PRICE ACTION & CPNTINUATIONHEY EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE,
A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THE COMING WEEK ON THE DOLLAR / CAD PAIR.
* The PAIR WAS range bound consolidating between support and resistance That just saw a test of the base of structure.
- Short term the pair ,might enter an up trend should we see a break and close above the double bottom formation on the 4h chart.
* A break below of this level changes the plan and we await the market to show us direction.
- Looking for LONG entries on the pair this week should all the rules of the formation be met.
SCALLING TO LOWER TIME-FRAMES FOR ENTRIES HERE IS WHERE WE ARE,
lets see how it goes
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
SOL DAILY CHART - POINTS TO WATCH AT!Hey everyone
Today i show you my SOL Daily Chart Analysis.
Solana was in a big downtrend since the all time high but it recently broke out a important resistance but now is stuck in another triangle as you can see on the chart.
I expect a small pullback to the 82$-75$ area before bouncing and breaking out again and then finally pumping until the 116$-121$ resistance. If SOL fails to hold the Support Box at 82$-75$ i expect it to dump until at least 60$ or even down to 40$ area.
What are the important areas?
- Support Box 82$-75$ + Pattern breakout
- Resistance Box 116$-121$
Can you trade this?
- Yes. You can long SOL from 82$-75$ with a Stop Loss below the Support Box
- You can short SOL from 116$-121$ with a Stop Loss above the Resistance Box
- You can short SOL when it breaks down 82$-75$ Box with confirmed close
I hope you guys like my idea
SAND DAILY CHART ANALYSIS! POINTS TO WATCH AT!Hey everyone
Today i show you my SAND Daily Chart Analysis
SAND did breakout of the big downtrend we had since the all time high. Currently its retesting the breakout as support and if this confirms to hold i expect a big pump within next months!
How much will SAND go up?
- My targets are 3.45$ / 4.40$ / 4.90$ / 5.60$ / 7.00$
How to enter and exit the trade?
- DCA. Enter in parts and exit the trade in parts.
I hope you guys like this idea
GOLD PUMP INCOMING?! BREAKOUT TARGETS!Hey everyone
Today i show you my GOLD Monthly Chart Analysis and my targets for Gold for next few years.
Gold broke out of the downtrend and i expect it to hit a new all time high soon!
How high can Gold go?
- I expect Gold to get up to 2500$ OZ within next 3 years from now.
Can you trade this?
- Yes i bought physical gold and aswell longed some online.
I hope you guys like this idea.
SILVER PUMP INCOMING?! TARGETS!Hey everyone
Today i show you my SILVER Weekly chart analysis and idea.
Silver broke out of the downtrend and currently is retesting the breakout. If this confirms with a weekly close i expect a big rise!
How much can SILVER go up?
- I think SILVER can go up to 30$ and after that even 35$
Can you trade this idea?
- Yes. I also longed SILVER during last days and you still can while this is retesting.
I hope you guys like this idea