Descending
ETHUSDT is creating a descending channel above daily support 🦐The price is creating a descending channel above daily support, and now the price is testing the upper trendline. IF the price will have a breakout of it, 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.
USDCAD - Don't Miss This Bull RunUSDCAD appears to have started its bull run. CAD is overall weak which makes this pair look good for longs. Wait for another impulse and correction before entering.
Goodluck and trade safe!
#BTC being patientMight be forming Descending triangle along with a Bearish cypher
If the bottom was in then we should not wick below the last low
waiting to fill long then short for 3drive plan ()
this could also be dead cat bounce in that case we will take out the last low & wick a lot lower to 40xxx
Sell scalpPresented is a 1 hr sell off analysis.
The pair has been descending and indicators point towards continuation.
RSI is slow moving through oversold while MACD is set to make a deep breach through oversold zone.
Take profit at next key support at 1.48000 and retest.
Please comment with thoughts and ideas. Thank you.
Chart Play on VYGRRSI Reversing
MACD Cross on Daily
Descending Wedge
All time low, consolidtaing at this price
Swing on time
Fundamentals and technical check for sell off continuation Presented is a the 1 hr chart for this pair. All fundamentals and technicals point towards sell off continuation.
I chose the 1 hr chart for a clear directional analysis however attached is the day chart snap that confirms direction.
The pair is sitting at a key daily support of 1.48900. Currently on the 1 hr chart our MACD and RSI indicators are set to pivot at very key indicators supports. (Also attached is 1 hr snaps of MACD and RSI pivot consistency at these levels). This sentiments a pivot retest at 1.51000 which serves as a top descending channel resistance. A sharp pivot close pit will be my entry point.
With a pivot play out towards my sentiment, RSI will be making a pivot at 62 which is the ideal pivot level within a down trends. MACD and Signal will be making a correction cross just below the 0 line for continuation.
The Loonie has been a hot topic this week as the unemployment rate dropped significantly giving the CAD significant positive sentiment. Gurus are pointing towards the Loonie strength while Daily FX admitted they will take the contrarian belief towards negative sentiment of the Loonie (meaning the will go bullish with negative sentiment)
Fundamentals and technical check out for sell of continuation. Observe chart for key pivot points and final take profit. Attached is RSI, MACD, and support sentiment.
MACD and RSI support play outs
Daily 1.48900 support play out
Please comment with thoughts and ideas. Thank you.
Bioline Rx ---- Descending Wedge FormationWe have a possible setup forming on BLRX, in that it does seem to be filling out the descending wedge to the downside. Let's watch for a break to the upside and a confirmation retest of the trend line as well. This is not trading advice.
ADA and BTC Pair! BREAKOUT FROM WEDGEAs Predicted in my earlier chart, The descending wedge has been broken to the upside and ADA is highly likely to be at the start of it's next big run! GOOD LUCK AND HAPPY HODLING!
CAKE/USDT - descending broadening wedge projectionCAKE/USDT - descending broadening wedge projection
BTC descending channel, support @ $42,400 & $37,000
At $58k BTC kicked off its descent and has now proven path in a descending channel with a few prominent support lines on the way down. The width of channel is enough that it supports the idea we will push our way down to major support which for BTC is a trendline that was establish 5 months ago in October 2020 when BTC started its ascent. This is a strong trendline and has a strong likelihood of stopping the descent and helping BTC break out of this descending channel.
BTC Trend since October 2020>
Something else worth mentioning is BTC Price Relative Indicator or "Market Dominance". BTC dominance had been on decline for months and was nearing its 2 year ascending trendline to test its support but stopped shy of it and broke out of the descent where it continued its descent via top of channel but this is an indicator that BTC could see its dominance run soon. What this means is either a hard run that leaves the rest of the market behind or what we typically see is a hard crash for BTC follow by a much much harder crash for the alt market, resulting in BTC gaining market dominance. This chart leaves the feeling we have a pretty big event coming up. Keep an eye on this as well.
BTC Dominance:
Once BTC breaks this descending channel, look for a return to our viral market with sprinkled thrunderstorms of crypto gains across the board.
-----
I havent been posting content here lately as I have been doing so more actively in our discord channel and really I have been focused on building our advanced signalling platform with brute force back testing capablities with some pretty exciting resaults so far. We have been using the data off of our CoinMarketFlow site and expanding that data set to really empower this endeavor, more content to come.
BTCUSD 1H Descendng Channel Formation? Zooming into the 1 hour chart. If trend line 'A' isn't taken out with a nice impulse candle asap I believe this could be the start of a descending triangle pattern. This may further develope into a descending channel which I have picked out with white trend lines. I believe 40K is very much on the cards. I have called this short. I'm happy to commit until I see trend line 'A' pierced convincingly.
BRDBTC is inside a descending channel 🦐the price creates a descending channel, and now the price is testing to upper trendline. IF the price will have a breakout and flip the current 4h 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.
EURNZD - 1000pip BUY approaching!This pair has been making clear moves which could have been caught using simple trendlines, patterns and area of interest. We are now approaching the support of the descending wedge.
A typical descending wedge usually ends up with the price impulsing up aggressively. We may see that with this pair. See chart below for smaller timeframe.
Be sure to give a thumbs up if you like this idea!
As always, trade safe.
UJJIVAN FINANCE TARGET ARE RED LINE WHICH BREAKOUT TARGET FOR INTRDAY OR BTST.....TRADE ON UR OWN RISK REWARD
GBPNZD - Approaching 1000pip Drop!GBPNZD is lining up for a nice drop.
Confluence:
- Descending trendline
- Smaller timeframe wedge
- Fibonacci
- Fibonnaci target lines up with Wedge
Look for smaller timeframe patterns
USDCAD - What's Next?Price has been within a descending wedge since May 2020. Descending wedges usually break upwards. So what can we do?
We can either:
1) Wait for price to break the descending wedge and then find entry reasons for a BUY
2) Working within the parameters of the wedge and look for shorting opportunities
BTS/BTC - Descending Triangle @ 1D chartThe descending triangle might indicate a bearish breakout. Volume is still low, not a lot of action around this coin.
It reacts to the BTC price fluctuations properly, but other than that, not much yet.
Lets hope the descending triangle is not correct and that it will break upwards instead of downwards.
QS Breakout of Descending WedgeQS has broken out of its descending wedge... I believe we are starting to enter another uptrend which could bring some really nice upside with it. I have set my price target at $70 but I would not be surprised if price went as high as $80+.
Breakout almost confirmedWe just hit the bottom and we are ready for another push. We are currently breaking out of a descending triangle, which is very bullish.
Also: On the FTMUSD chart we are breaking out of a bullish pennant pattern.
If FTM closes a 4H candle / daily above the resistance line, our next target would be between 600 and 800 sats.
wanna risk a long on btc when everyone is hyped??why not stonks just keep going up. why shouldnt btc do the same. good luck predicting the top of this market cycle lmao
your long could get rekt, dont risk more than 1-2% per trade, trade well folks and use VERY SMALL POSITION SIZE because high volatility. 10% moves have become the norm. Dont be a wise guy doing 25x.
Markets ranging atm. till support breaks i aint gonna be overly bearish..mostly neutral on btc atm.
