$SUSHI Breakout ImminentAs you can see on the one hour chart, SUSHI has a repeating pattern that looks as if it is getting ready for takeoff.
Trendlinebounce
TRXBTC had a breakout from descending channel 🦐TRXBTC had a breakout from descending daily channel, and now the price is below the daily structure.
IF the price will have a breakout from the daily resistance and weekly trendline, According to Plancton's strategy (check our Academy), we can set a nice order
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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.
⚫️ 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.
WBA. Third Bounce?I'm not going to be posting as furiously on Trading View in the future.
I do like to mark up the charts so I won't stop entirely.
But, I am redirecting some of my focus into building a more robust watchlist system, so if that interests you in anyway please go check out this youtube video I made attempting to explain what I'm doing and what my goals are.
www.youtube.com
BTCUSD should bounce off $40k - $45k to continue the bull runShould see 1 last touch of the HTF trendline and a bounce from $40k - $45k
XRPUSD to $0.4000 to $0.42000 before continuation of its move upThere is a strong trendline/support level around the $0.42000 level which i believe should be respected. This will also keep the smaller inverse H&S around that same level intact. The bigger one being around 20 cents
LTC to $140 - $145 then a continuation upwards Should see 1 last touch of the HTF trendline and a bounce from $145
PLAN FOR COMING WEEK NIFTYTHIS WAS JUST A PULLBACK ## NIFTY IF BREAKS THE SUPPORTING TREND LINE THEN THERE ARE MORE CHANCES OF A CORRECTION IN THE MARKET.
IF BREAKS THE RESISTANCE LINE THEN CAN EXPECT A GOOD UP MOVE AS WE WERE IN A GOOD SPAN OF CONSOLIDATION .
Pullback or Not?Price action has recently broken a strong resistance zone which is expected to turn now into a support zone. In case of pullback, expect the price to reject the new support zone and retest also the upward trendline before a new bull run. The price can reach 16$ in case it breaks the 100% level of Fibonacci.
USDSGD selling opportunity - USDSGD is bouncing from a Resistance
- Broke the counter trendline
- Overall trend is bearish
- ( Candlestick ) Bearish Signal
- Plan is to go short
- Take the trade when your rules are fulfilled
A BEARISH MOVE is probable in this market.
OGNBTC breakout! 🦐$OGN.X had a breakout from descending trendline, after the price created a double bottom.
IF the price will close above new daily 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.
Technical Basics: QCOM Possible Upside Move?Those looking for a simple technical analysis (TA) could revisit the use of trendline. Its one of the most basic tools. As depicted in the QCOM chart, one could find the potential move of QCOM. Trendline 1 could tell the reader its a confirmed uptrend with at least 3 point of touches by the trendline. Trendline 2 is also a confirmed uptrend with the same 3 point of touches. Trendline 3 is a unconfirmed uptrend and could be a weak one as it only have the minimum 2 point of touches by the trendline. The angle of ascend of each trendline may also tell us the sustainability of the trendline. A more upsloping (near vertical formation) would not sustained the upward move. The ideal upsloping or upward trendline angle would be around the 40 degree angle.
The use of trendline not just restrictive to price action, but it also can be used to determine Volume trend. As depicted on QCOM chart, the volume is drying up by the down sloping of the trendline. A break of the down sloping trendline could potentially pushing up the price of QCOM further high.
Beside using trendline to determine the next up or down trend move of a particular instruments, trendline could also be used as a dynamic support and resistance line. As an example depicted by QCOM chart, Trendline 3 currently supporting the upward move of QCOM price action, but if it fails the next dynamic support could be Trendline 2 and Trendline 1. A price action falls below Trendline 1 could signal a change in trend from Bullish to Bearish.
One need to update his/her trendline from time to time in order to accounts for the latest price action move.
Happy trading guys.
USDCHF Buy and Sell set up
Hello everyone
Here's the latest USDCHF analysis.As you can see, this is just price action analysis and you should be patient till get right candle stick confirmation.
good luck
Sand P Fakeout or Breakout?!Gonna backtest the TL; if it holds, bears will be disappointed again. If it breaks back under TL, gonna confirm triple top.
Alternate path shown goes down to close gap at 3400 and bounce. Just a guess, this is not advice!
I posted this as Neutral as it can break either way now. Trade with great caution, ANYTHING is possible here, GLTA!
USDCAD is inside a descending channel 🦐USDCAD is inside a descending channel, and the price is testing the dynamic monthly trendline. (Purple, check my previous idea )
IF the price will break a descending channel and retest the previous resistance we can set a nice long.
IF the price will lose the support we can see another bear impulse.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow 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 Plancton0618 strategy will trigger.
AUDNZD Testing Weekly Trend-lineAUDNZD is currently testing a strong weekly trend-line support, and price will shortly either bounce bullish, or break and retest, and fall bearish.
AUDUSD Daily Trend Line SupportAU is still stalling at trend - line support, waiting to rise bullish, or possibly break support and fall bearish.
GBPUSD - Weekly Overview and H1-Entry - Easy ExplanedHi Traders!
The market is in a Longterm Downtrend (weekly).
This time, instead of beginning with the daily timeframe, we'll begin with the weekly timeframe.
Here is it:
Here you can see three main areas, which affects the market bearish :
The weekly Resistance,
the weekly descending Trendline and
the 200 Exponential Moving Average.
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You see, there are many things which come together at this moment.
Now we move to the Daily:
We want to show you something, that's why the chart is zoomed in.
The price broke out of the weekly Trendline with one green candle.
The next candle closed bearish and even below the low of the previous candle.
You call this Pattern the "Engulfing Pattern" and the situation is called "False Break Setup".
Let's move further to the H4-Timeframe:
Here you can see the market is in a sidewards market.
At this moment it reaches the orange Supply and Demand Area.
Finally, we move to the Entry Timeframe:
It reaches the orange Sell Area.
The SL is far away from it and the Take Profit is at the next Support.
We recommend to trade the market with a confirmation.
Thanks and successful Trading :)!
