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Resistances

COTIUSDT is testing the daily resistanceThe price had a breakout from the descending channel and created a rounded bottom above the weekly support. on the 4h timeframe, the price is testing the 0.3$ resistance and the market is in a consolidation phase between the weekly and daily structures. The price already retested a Fibonacci level of the 0.382 Fibonacci level How to approach? The price needs a new breakout from the confluence zone, above the 0.31$ with the retest. So if the price is going to have a breakout, 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 🦐
Long
by InkyGrip
4
DOTUSDT is testing the monthly resistanceThe price is testing the monthly resistance, as you can see on the upper chart, the price got rejections for that area in the past. 23.5$ is a key level for DOT. on 4h Timeframe, the price is creating an ascending channel. How to approach? The price could have a pullback on the 4h support on 22.30$ before a new breakout from the 23.4$ (monthly resistance.). So if the price is going to have a breakout, 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 🦐
Long
by InkyGrip
11
CAKEUSDT is testing the resistanceThe price had a breakout from the daily dynamic resistance and now is trying to have a breakout from the static resistance. On the 4h timeframe the price is below a supply zone on 7$. How to approach? The price needs to create a new bullish impulse and breakout from 7$ and retest that area 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 🦐
Long
by InkyGrip
5
ETHUSDT is testing the previous resistance as new supportAccording to my previous analysis, the price got a rejection exactly on the daily resistance as I told you. The resistance on 3400$ is so strong and the price needs new liquidity to create a clear breakout from it. At the moment the market is overextended, and we could see a retracement before the new bullish impulse. On the 4h timeframe, the price is following my previous drawing and the market is testing the previous 4h resistance as new support. The price needs to hold it. So, IF the price is going to grab new liquidity and gain momentum, we could see a new bullish impulse above the 3460 (new higher high) and if the price is going to retest the previous resistance as new support, we could see a new bullish impulse, where the next resistance could be on 3700. Otherwise, if the price is going to lose the 3140$ we could see a retest of 3k as new support. –––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
by InkyGrip
11
ALPHAUSDT is testing the 4h resistance 🦐The market is testing the Monthly key level on 0.28$ after a big bearish momentum on the 4h timeframe the price got rejection from the 4h resistance with a false breakout above the structure. How to approach? The price needs to have a new breakout from the 4h resistance and retest it as new support. IF the price is going to have a breakout, 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 🦐
Long
by InkyGrip
TRXUSDT is going to test the monthly resistanceThe price created an Adam and Eve pattern on the daily timeframe the now the market wants to test the monthly resistance on 0.78$ On the 4h timeframe the price had a breakout from the pennant and retest it as new support before the bullish impulse. How to approach? The Market is extended right now, and we could see a retracement on the weekly support on 0.72$ we could see a consolidation phase before the new breakout above the monthly resistance. 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 🦐
Long
by InkyGrip
2
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 🦐
Long
by InkyGrip
14
Rising wedge and is time for BTC to dump!!!We have this nice rising wedge on btc. We have one small fakeout with purpose to trap the bulls and confirmation of that is low volume. I entered my short position at 44.5k because of the daily resistance and i am planing to add more money into the position, if we close 4 hourly back into the rising wadge. This fakeouts most of the time means fest moves to the downside with big volume from the bears. I hope my bulls are not disappointed with my statement but this is how the market is reacting at the moment. What do you think about this Rising wedge ? Feel free to leave a comment. If you like my ideas please follow me and like the post because i am posting every day and you can find always something interesting on my profile, i am new to Treadingview but i have 6 years expirience in trading. BTC TO THE MOON!!!
Short
by Mladen94
1
ETHUSDT is testing the supply area. The price retested the Fibonacci levels before the reversal, In this analysis I start from the monthly timeframe and draw the Fibonacci levels with the Fibonacci tool, and we can notice that the price tested the level 0.786 on the weekly timeframe with a double bottom on it. On the 4h timeframe the price had a breakout from the first supply zone (check my previous analysis) and now the price is testing a new supply zone on the 3200$ where the market has the Fibonacci confluence. How to approach? The price needs to have a new breakout with volume from it, and flip the 3260$ from resistance to 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 🦐
Long
by InkyGrip
7
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 🦐
Long
by InkyGrip
2
ETHUSDT is testing the resistanceThe price is testing the 2800$ resistance on the 0.618 Fibonacci level after a nice breakout from the 2770$ daily resistance. the market is testing the previous resistance as new support. How to approach? the price needs to grab liquidity for a new breakout from the 4h resistance on 2800$. If the price is going to have a breakout, we can apply our rules for a new long position. The New valid resistance is the supply zone on 3k. –––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
Long
by InkyGrip
18
IOTXUSDT is testing the 4h resistanceThe price wants to retest the monthly resistance on 0.85$ after the retests on o.07 Daily support. on 4h Timeframe the price had a breakout from the daily dynamic resistance and now is testing the supply zone on 0.83 How to approach? The price needs to have a new breakout with Volume and confirmations from the Monthly resistance, After that, 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 🦐
Long
by InkyGrip
LTC rejects $112 as correction loomsTL;DR Breakdown Litecoin price analysis shows litecoin is struggling to maintain price levels. Support for LTC is present at $107. Resistance for LTC is present at $112. The Litecoin price analysis for today is bearish. The LTC/USD rallied high yesterday when the price surged from $106 to $111.3 in a swift move, gaining significant value. Today LTC is correcting again, and the price has decreased to $110.3 at the time of writing. After getting resistance at $111.3, LTC is correcting again as bears have taken control over the price function. Last week proved rewarding for the LTC/USD pair as the short-term price trend line is upwards, and the coin gained more than five percent value over the past week.
LLong
by eranpali
BTCUSDT Major supports and Resistances aheadMajor resistances now are: A. Red trendline resistance B. Black trendline resistance C. 46000$ daily resistance Major supports now are: A. 37000$ B. Blue trendline support zone C. 29000$ Notice: If any of these resistances or supports break it means the market is getting ready for a new pump or dump. For example if support B break market is getting bearish or If 46000$ resistance (resistance C) break market is extremely bullish then. <>
by MMBTtrader
9
GRTUSDT is testing the 4h resistanceThe price tested the weekly support on the 0.33$ after a rejection from the daily resistance of 0.48$. On the lower timeframe, the price is testing the 4h resistance at 0.38$ . How to approach? The price is in the consolidation phase below the resistance and dynamic daily resistance. We are waiting for the breakout of it and retest as new support. Of course a breakout is not enough, the market needs to satisfy our rules for a new long position –––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
Long
by InkyGrip
10
SOLUSDT is testing the resistanceThe price is creating a descending channel on the daily timeframe and after a retest of the demand zone, the price bounced to 100$. On the lower timeframe, we can see a breakout from the 4h and 1d channel and the price is testing an important resistance on 103$ on the 0.618 Fibonacci level. How to approach? We are monitoring the price we want to see a clear breakout from the 0.618 Fibonacci retracement and daily resistance. If the price is going to have a breakout, 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 🦐
Long
by InkyGrip
6
CVCUSDT is testing the monthly resistanceThe price is testing an important resistance of 0.3$ after a bounce on the weekly support. The price is trying to have a breakout from the dynamic daily resistance and static monthly one. On the 4h timeframe we can see how the price had a breakout from the previous resistance on 0.28$ with a nice retest. How to approach? If the price is going to have a breakout from the monthly resistance and retest it as new support, we can add in our watchlist and wait for applying our rules for a new long position –––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
Long
by InkyGrip
7
AVAX/USD set to spike higher todayTL;DR Breakdown Avalanche price analysis is bullish today. Support for AVAX/USD is present at $73.2. Resistance for AVAX is found at $81.1. The Avalanche price analysis is bullish today as the coin continues upside after rallying high yesterday. The price action is steadily upwards, and the coin price has broken above the resistance present at $77 level as this was a crucial resistance zone, and as a result, the coin price is touching $78.4 now. As the bullish momentum has been quite steady since yesterday, we expect AVAX/USD to march further high later today and challenge the resistance present at $81.1 as there are imminent chances for bulls to continue their lead.
ALong
by tiosandsalis
ETHUSDT is testing the old support as new resistanceThe price is following my drawing according to my previous idea, the market bounced until 2700 and got new liquidity for a breakout of 0.618 Fibonacci level. Now the price is testing the old support as new resistance. How to approach? A breakout is not enough, you need to have strategies to open a new short position, we will open a new short if the market is going to satisfy our rules. The next valid support is 2400 ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
Short
by InkyGrip
20