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Wedgebreakout

GBPUSD is inside a rising wedgeGBPUSD is inside a rising wedge, and the price is testing the monthly structure. We can expect a breakout downwards, and we can looking for a short position ONLY IF the price will break the rising wedge. ––––– 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.
Short
by InkyGrip
8
BALBTC nice breakout the from falling wedge 🦐BALBTC nice breakout from the falling wedge, and now the price is trying to have a breakout from daily resistance. IF the price will have a breakout and flip the previous 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.
BLong
by InkyGrip
6
LTCBTC is inside a falling wedge 🦐LTCBTC is inside a falling wedge and the price is trying to have a breakout upwards. IF the price will break the falling wedge and flips the weekly resistance into weekly support, According to Plancton's strategy, 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.
Long
by InkyGrip
12
QTUMUSDT Is trying to have a breakout 🦐QTUMUSDT Is trying to have a breakout from the falling wedge and daily resistance. Be careful with ascending weekly trendline. IF the price will have a breakout from the weekly trendline and flips into support, According to Plancton's strategy, we can set a nice order Weekly ––––– 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
6
RVNUSDT are you Alive? 🦐RVNUSDT are you Alive? The price created a double bottom on the weekly structure and the price had a breakout from the falling wedge. The price Is testing daily support. We are looking for a new bullish impulse, According to Plancton's strategy, 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.
Long
by InkyGrip
2
INJBTC is trying to have a new breakout 🦐INJBTC is trying to have a new breakout from descending channel after a very nice bullrun. The price bounced on 0.618 Fibonacci level. IF the price will have a breakout and turn the resistance into 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.
Long
by InkyGrip
AUDCAD breaking the wedge 🦐AUDCAD on the 4h chart is currently breaking below the support structure at 0.95500 and consequently breaking the wedge. The price after touching 0.95900 couldn't create new highs and turn into a bearish outlook for a retracement move. At the clear break and retest of the structure, we can set a nice short 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. Leave a comment that is helpful or encouraging. Let's master the markets together.
Short
by InkyGrip
4
ETHUSDT getting wedged right nowSome bearish signals seen for ETH and those who bought yesterday's rally are pretty disappointed today. Then again, this is not the business of "always works" so let's wait and see how this plays out. The context is good for a swing lower but something tells me the bulls may have a fighting chance in the near term. Only time will tell if that something is correct though. One thing the bulls need to stay in play in the near term is for the altcoin market cap to stay bullish above 155 billion. A return to below that level spells probably more sideways to down price action for the market (in the near term). Note that one may alternatively draw the wedge this way so that it shows no breakout yet: My 2 sats worth.
by thedailychartist
2