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Descedingchannel

ANKR/USDT upward momentum from demand? 👀🚀ANKR analysis💎 Paradisers! Keep an eye on #ANKRUSDT, as it's showing strong signs of a bullish continuation from its current demand zone. 💎 Through careful tracking of its price action, SEED_DONKEYDAN_MARKET_CAP:ANKR has broken above its descending resistance and now appears set for an upward trajectory from the demand zone at $0.04704. If this momentum continues, we expect a vigorous bullish drive toward the supply area at $0.05604, although initial resistance might be encountered which could catalyze a significant upward movement. 💎 Additionally, it's crucial to observe the diminishing intensity of rejections at this demand level, hinting at a possible easing. Should this level give way, we're positioned to capitalize on a bullish rebound from the lower support at $0.04100. Given the substantial liquidity at this level, #ANKR is poised for a potent bullish recovery. However, a breach below this Order Block could lead to a notable decline in price. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
It appears that the metaverse & gaming cryptos are waking up. Just as we are finally seeing mana pump and gala, we are now likewise seeing sand follow suit too as it seems to have finally broken up from the extended descending bear flag it was in for the longest time that I have posted charts about in the past. There are two possible measured move targets for the yellow channel its breaking up from. The dotted pink line represents th target if the slightly lower top trendline is the more valid top trendline of the channel, and the dotted yellow line represents the breakout target for if the highest of the potential top trendlines of the channel is the more valid one. Often times they both end up being validated. The dotted dark bluish purple trendline is the measured move for when sand breaks above the top horizontal bluish purple neckline which is the neckline of the double bottom pattern its currently printing on the chart. *not financial advice*
BINANCE:SANDUSD
by DrDovetail
1
Did Bitcoin Bottom?BTC looks to be following the same corrective pattern as Sept 7th-Oct 2nd (white line pattern) when BTC dropped from 53K to 40k. Price action is identical We are sitting in the same area on the trend line as we were before bouncing from 40K to 69K Currently breaking above resistance on the RSI, which also has had similar movement to Sept 7th to Oct 2nd. BTC is very correlated with the S&P which also appears to be bottoming as it just broke out of a descending channel on the 30 minute. The DXY is at overbought levels on the daily.
BITSTAMP:BTCUSDLong
by anamaly
1
PLATINUM moving higher 🦐PLATINUM on the daily chart broke the perfect descending channel tried to break above the 1060 resistance structure without success. The price tested then the 0.382 Fibonacci level over a support and we can expect a new attempt of a break to the upside during this week. According to Plancton's strategy if the price will break and close above we can set a nice long order. ––––– 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.
TVC:PLATINUMLong
by InkyGrip
10
XVGBTC is inside a descending channel 🦐if $XVG.X will have a breakout upward, and flip the current weekly resistance into new support, According to Plancton's strategy (check our Academy), we can set a nice order ––––– 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.
XLong
by InkyGrip
8
GBPUSD looking for recent highs ? 🦐GBPUSD on the 4h chart is moving inside a descending channel. The price after testing exactly the 0.5 fib level started a new impulse. According to Plancton's strategy, if the conditions will be satisfied, we can set a nice long order. ––––– 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.
Long
by InkyGrip
18
GBPCAD can gain a bullish momentum? 🦐GBPCAD on the 4h chart has recently broken the minor descending channel. Price is quite nervous and bounces over the daily support trendline. IF the market will break and close above the 1.71500 area we can set a nice long order according to Plancton's strategy. ––––– 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.
Long
by InkyGrip