VITEUSDT is creating a falling wedge 🦐VITEUSDT is creating a falling wedge on the daily timeframe and now the price is testing the daily resistance. IF the price will have a breakout from the wedge and retest the current resistance as new support, 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.
Wedgepatterns
TOPGLOV can we can grab the "Auction Price" of Rm3.50 "easily"?!Whoever read "Fundamental News" knew That JP Morgan "Fair Price" for TopGlove is Rm 3.50.. Do we think that Mr. Market would help us making our bank account fatter easily by grabbing Rm3.50?! Probably Nope! It will "torture" us, testing the limits of our patience!!! Until we lost "our own belief"!
CNC, the breakout we've all been waiting for!!As you can see there has been a rough resistance at the 74-75 levels and it has been like this since August 2018. For me, the volume speaks volume and if you are to compare the volume levels to the previous volume levels we have got something juicy. Each time at this 75 dollar level we have never experienced high volume and finally, it has come! Quadruple top on the long term mixed with an ascending wedge just screams breakout play.
TLDR:
1. Longterm ascending triangle.
2. short term bullish wedge breakout
3. 4x top
4. most importantly increased volume on the run-up to resistance.
Would love thoughts and ideas about this idea or if there are any questions.
How to trade with Falling wedge pattern-Live exampleFalling wedge pattern's considered as continuation pattern (Bullish continuation pattern) We can catch this pattern
after some bullish reversal or in a continuous bullish run.Best place to enter bullish was after the break of the upper side trend line
(After converging).The primary target would be the topmost rejection level of the wedge and we can fix our extended target with the help
of Fibonacci.
$DOT USDT Polkadot PT 70-100Polkadot is a software that seeks to incentivize a global network of computers to operate a blockchain on top of which users can launch and operate their own blockchains.
In this way, Polkadot is one of a number of competing blockchains aiming to grow an ecosystem of cryptocurrencies, other notable examples of which include Ethereum (ETH), Cosmos (ATOM) and EOSIO (EOS).
However, Polkadot, launched in 2020, is among the newest, and it introduces a number of novel technical features toward its ambitious goal.
To begin, Polkadot is designed to operate two types of blockchains. A main network, called a relay chain, where transactions are permanent, and user-created networks, called parachains.
Parachains can be customized for any number of uses and feed into the main blockchain, so that parachain transactions benefit from the same security of the main chain.
1INCHBTC is creating a falling wedge 🦐IF the price will have a breakout from the falling wedge and from 4h resistance, 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.
Doge on the way down until Papa Elon TweetedI was working on attempting to show a possible upward breakout due to the current wedge but it proceeded to break below, which in theory means it would have dropped further.
It has since risen back into the wedge based on Papa Elon's tweet supporting whale selling citing too much concentration as a concern.
The smaller arrow is pointing to the green candle where Elon tweeted and volume kicked in.
OMGBTC is trying to have a breakout from a falling wedge 🦐If $OMG.X will have a breakout and turn the daily resistance into new support, According to Plancton's strategy (check our Academy), we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
XVSBTC is inside a falling wedge 🦐$XVS.X is trying to have a breakout and now the price is testing daily resistance. IF the price will break the daily resistance, 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.
CVCUSDT is trying to breakout from the weekly resistance 🦐CVCUSDT is trying to breakout from the weekly resistance after had a nice breakout from the falling wedge.
The price could test 0.382 Fibonacci retracement of Weekly impulse, retest weekly support, and restart with 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.
LINKUSDT is inside falling wedge 🦐LINKUSDT is inside a falling wedge after the price broke daily ascending channel. If the price will have a breakout upwards and retest the previous daily resistance as new support, we can look for a long, otherwise, if the price will break the wedge downside, 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.
QKCBTC is inside a huge descending wedge 🦐QKCBTC is inside a huge descending wedge and the price is trying to have a breakout. IF the price will have a breakout upwards and turn the current 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.
MAXR short term levels To watchI see a short term wedge forming. Hoping we have a break to the upside soon. I drew a support line to watch if it starts going down.
DESCENDING WEDGE ON EURNZD 4HR price is currently holding off the 1.69800 institutional price level after making three touches on the level. i'm anticipating price to break through that level and surge upwards to end the week. price is currently printing indecisive candlesticks. i'll be monitoring for a BUY setup next week.
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.