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Wedgebreakout

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
MJ LongWeekly Wedge breakout Entry 13 Stop 9 target: 26; MJ is an ETF of Marijuana. Under this group, many stocks are showing the same pattern: Weekly Wedge Breakout or downtrend channel breakout In last week pullback, Many of them retested the trendline, which provided ideal buy price. Today, I also long following Marijuana Stocks. ACB, TLRY, APHA, CRON, VFF, NBEV, OGI, CRBP I am not a PRO trader. I need few months to practice trading strategies. If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
AMEX:MJLong
by PlanTradePlanMM
4
BAL.USDT (Y20.P5.E1).Is it time to go longHi All, While BTC does another ranging price action, the ALTs are coming into play. BAL has a nice trend formation on the 8 hrly and now is at a strong resistance. I have 2 scenarios where the resistance is broken decisively or its consolidated underneath this resistance layer. Either way, looking at the MACRO structure, the following can be observed: a) Wedge breakout confirmed ; b) Daily and 2Day indicators look like turning bullish ; c) The 8 hrly upward trend intact; d) Macro found support at the 0.5 fib level; e) Phoenix indicator in the bullish territory; + many more DAILY CHART: Note the 10 and 20 EMA acting as support and the 50 currently resistance. Bullish 3 candle setup on the daily. All the best, S.SAri
Long
by ssari
PPTBTC is trying to have a breakout 🦐PPTBTC is trying to have a breakout From the weekly falling wedge. The price created an inverse head and shoulder on the daily chart and is trying to have a breakout from the neckline. IF the price will have a breakout and flips the neckline into daily 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.
PLong
by InkyGrip
4
BTCUSDT rejected from the weekly resistance 🦐BTCUSDT rejected from the weekly resistance and the price is creating a rising wedge. IF the price will break the dynamic support, we can see a new bearish impulse, and the price could retest 0.618 Fibonacci level (weekly) IF the price will have a breakout from the weekly resistance, and flip into support, we can see a new bull run. At the moment we need to wait in order to have a clear scenario ––––– 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.
by InkyGrip
16