AUDUSD on the daily chart ended the retracement move to the upside. The market is currently trading above the weekly resistance and according to Plancton's strategy if the price will break below we will set a nice short order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure...
Summary: 1. On the daily log chart, BTC looks really good in either bullish and bearish scenarios. 2. If bearish, price may touch mid to high 30k before reversal. 3. If bullish, expect the price to go touch the center median line of the green pitchfork. Overall, BTC looks well positioned long term.
DAILY $FANTOM #FTM UPDATE $FTMUSDT Fantom Foundation FUNDAMENTAL: 1.We're extremely excited to announce that Fantom will work with OJSC Orienbank to trial a CBDC for Tajikistan. The solution will also use @AndreCronjeTech Iron Bank protocol to enable seamless, low-fee foreign exchange. 2.Announcing a 370 million FTM incentive program for builders! If you're a...
A quick look at Litecoin (#LTCUSDT, 1D, Binance): Price is picking above the daily resistance at $179. If LTC price confirms the breakout we could open a long position with a good margin for profit. If it does not hold, price should find support at $164 and $152. Strategy If the breakout holds: TP1: $226 Alternative TP1: $199, TP2: $226 If you...
A new buy set up on the Daily GBP/USD chart, and the thing that stands out to me, is that big support level. Hard to ignore. You can see my notes on the chart regarding the remaining partial sell trade. Cheers.
Just looking at a new buy setup on the Daily EUR/USD Forex chart. You can read my notes on the chart regarding my thoughts on this trade, but it is higher risk, hence my suggestion to leave some of the previous sell trade on it you can. Cheers.
Technical analysis: #bitcoin(daily update) In daily timeframe, Bitcoin is Forming Another Falling Wedge. 40k Acting As Key Support & $44444 Major Support turned into Resistance. If Wedge Broken Upside & 44K Resistance got Cleared too, Expecting +40% Bullish Wave towards the 64k. In Worst Case, If Bitcoin Bullish lost the 40k, Expecting Bearish Wave towards the...
Welcome back! Please support this idea with a LIKE and COMMENT if you find it useful. ***** In the event that it does not break the Daily trend line, it will head downwards for trend continuation. First target is previous support, 119.35 zone. Be sure to follow the entry criteria rules for your strategy and keep this on your watch list! - BKH
PM daily chart. We are expecting price to remain inside the upper channel. We are buyers at these levels
This is a tough and you can see my notes on the chart. It is very range bound and price is right at the MAs. If you didn't take it, then that would be quite understandable. I'm actually standing aside on a sell on the GBP/JPY as it is. If you do take the sell, just watch your risk, and if you can, I'd be leaving that partial buy trade on with the stop inside the...
BINANCE:ETHUSDT In the daily time frame you can see a pattern of head and shoulders It is created if the neckline of the pattern is broken downwards There is a possibility of falling to the range of 0.618, but if It can happen that the candlestick at the bottom of the pattern closes
Start of a new week and there was a new sell signal on the GBP/USD Daily chart. You can read my notes on the chart for my thoughts about this set up. Cheers.
The range 0.75-0.618 is an important range for the fib speed resistance fan that we are in this range. According to the chart, two scenarios are possible: 1. Price increase until the collision with the line (0.618 fib). If he can close the candle above the donchain channel then this scenario will happen 2. Reduce the price until the collision with the line...
EU is coming closer to a major support/ supply zone on the daily chart it has bounced off this support 3 times already. The inversed head and shoulders i posted yesterday still holds as todays daily candle was a big red candle which could push the price farther down breaking the head and shoulders or consolidating here until bullish momentum can push the price...
A new sell trade was identified on the NZD/CAD Daily chart this morning. You can read my notes on the attached screenshot regarding my thoughts on this setup. And I would just tighten up the partial buy trade that is still on to give it some protection. If in a jurisdiction where you can't trade both ways, then I would close the buy and concentrate on the sell...
A quick look at Ren (#RENUSDT, 1D, Binance): According to CoinMarketCap, "Ren is an open protocol built to provide interoperability and liquidity between different blockchain platforms." The token bounced back nicely at the 200 EMA during last drop and it's on a steady recovery. Main Points Following the recent dip, the last two daily candles have brought a...
USDJPY on the daily chart is moving over a weekly support. The price has tested it a few times and according to Plancton's strategy if the market will break below we will set a nice short order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow...
As you can see in the chart above EURUSD Started forming its first shoulder on July 23, this means if the inversed head and shoulders pattern were to be confirmed and it pushed to the upside that would make it a 2 and a half month long head and shoulders pattern. If EU were to remain heading downward it may end up bouncing off support and form a double bottom. EU...