Breakoutsignal
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
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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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
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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 🦐
$XRP Potential Swing Long (Fibonacci Retracement)I stumbled upon a recurring pattern on the XRP daily chart. It seems like every time $XRP has retraced back to the 0.5 Fib level before it bounces off it. Now as XRP could be breaking out of the descending triangle or you could call it a massive bull flag, we could potentially finally see XRP Move back up to newer highs in the upcoming months.
BITCOIN BREAKOUT!As we can see bitcoin is currently in a bullish descending wedge and falling towards the 0.618 fib level on the 1hr time frame. Hopefully we will rise a good 5%. This is based on the recent breakouts bitcoin has had during the last few weeks.
BTCUSDT wants the 51kIn my previous analysis () I said that the price needed the breakout, and it happened,.
now the price is above the key level (monthly one - 46200).
We could see the retest of the monthly or more deeper, on the previous 4h resistance where the market could get liquidity for the new impulse.
The next valid resistance is 0.5 Fibonacci level on the monthly timeframe (51k)
How to approach?
The price needs to confirm the flip, the buyers need to hold the price above the 46200. IF the price is going to satisfy our rules, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
XRPUSDT wants to go higherthe price had a breakout from the bullflag and monthly resistance due to the news.
After that, the price got a rejection from the daily resistance on 0.85$.
On 4h timeframe, the price s testing the previous resistance as new support and the price needs to grab liquidity to confirm the breakout of the monthly area on 0.78$.
How to approach?
If the price is going to have a breakout from the resistance area, 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 🦐
GMT ascending triangleLooks bullish on 4h, big triangle printed but still more room left. Watch when it reaches the resistance zone above. Good luck traders
LRC retesting!Look like small bull flag printing, at the same time retesting the previous resistance zone. 30m chart looks bullish, 1 and 2H could turn up also. Anyway, the safest is to behave like its just a scalp trade, that will do no harm.
SL is A MUST. BTC bulls are not so happy since it printed lower high on 1H chart, I recommend watching BTC PA if in any trade... This is just an update of the previous chart, the link is below.
Good luck traders and if you would like to help me just smash that thumbs up button.
Thanks
AUD/USD Inverted and Ascending ScallopsIn the chart above AUD/USD has formed two Inverted and Ascending Scallops. These chart patterns look like the right side of an umbrella. The price quickly rises, before levelling off near the top in an inverted cup formation. The beauty of these patterns is they perform very well in both bull and bear markets.
Breakeven Failure rate: 9%
Average Rise: 45%
Throwback Rate: 66%
Percentage Meeting Price: 64%
Usually, we would be looking for an upward trend leading to the pattern or at least a bullish turning point of a downward trend. In this case, the 8 days before the formation were downward. But since the end of February 2022, the price trend has been upward. So this may not be exactly ideal.
The currency pair is AUD (Australian Dollar) / USD (US Dollar). This represents how many US Dollars one Australian Dollar will buy. So, for example, the GBP/USD is the British pound to the US Dollar. Currently, it's at 1.32. So if you got one British pound and converted it to US Dollars, you would get 1.32 in return. The main thing to understand here is, the currency pair will be affected by both Australian and US politics. So, even though this trade is on the one hour chart, you will have to watch out for any news coming out of the US and Australia. In my estimate, it may be at least one month before you see any good returns - that is if the pattern breaks out upwards. One month in the currency trading world is a long time. So if you are making this trade, watch out for any news and make sure you have a well-timed stop loss.
Using the Measure rule, we can form an estimate of where the price will go.
In this estimate, I will separate both scallops and then combine them to get three estimates.
Scallop One (The largest and first one on the chart):
From the lowest Valley in the scallop to the highest peak in the pattern, the difference is 0.02404.
The percentage meeting price (64%) X 0.02404 is 0.0153856.
0.0153856 + the price of the highest peak in the pattern is 0.7576156.
This represents a 2.07% rise.
Scallop Two:
From the lowest Valley in the scallop to the highest peak in the pattern, the difference is 0.01589.
The percentage meeting price (64%) X 0.01589 is 0.0101696.
0.0101696 + the price of the highest peak in the pattern is 0.7640196.
This represents a 1.35% rise.
Combining both Scallops:
From the lowest Valley in the scallops to the highest peak in the patterns, the difference is 0.03574.
The percentage meeting price (64%) X 0.03574 is 0.0228736.
0.0228736 + the price of the highest peak in the patterns is 0.7768036.
This represents a 3.03% rise.
To conclude, above are the three price targets you can use for an estimate. The breakout is when the price closes above the highest peak in the pattern. In this case, the first scallop has already broken out upwards successfully. So we will look at the second scallop for a breakout. Also, as the first scallop has broken out already, I would personally only use the second scallop estimate for a price target. Another thing to look out for is heavy breakout volume - as this suggests better performance. For the first scallop, there wasn't heavy breakout volume during the breakout. But, the pattern still performed well. So the heavy breakout volume isn't that important.
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$.
How to approach?
IF the price is going to have a breakout from the daily resistance, According to Plancton's strategy , we can set a nice order
The next valid resistance is 21$
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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 🦐
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
Cardano bullish trendCan we close above the 100 ema on weekly timeframes.
Price action in the 4 hr timeframe may indicate a breakout
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.
AMC is testing previous floor We saw another break about day on AMC. With this momentum and technicals, it’s possible to see a move this week to the $35 floor. The 27-30$ area is in its way with not as much time spent there in price as we saw previous at 14-16 and 35-40.
The break out is near place your longs, DUSKDusk usdT is at the critical level we might see a pump soon.
MINA could move soonMINA in big ascending channel, nice chance to continue up when it reach support level. In small falling wedge now. Set alarm, it might take some more time.
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
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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.
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 🦐
Will Bitcoin break above our $45,000 resistance level?Good signs all around. Do these positive indicators tells us about the future direction of Bitcoin and our crypto markets?
⛓️ 🔗 Useful Links 🔗 ⛓️
Fear/Greed Index:
Due to House Rules cannot be displayed.
UNIUSDT is testing the daily resistance The price had a breakout from the descending channel on the daily channel and now the market is testing the static daily resistance on 10.25$
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 🦐
