Monthly charts represents series of data points where each data point is comprised of the price movement for a single month of trading.
This chart type has been used for a long time by traders and typically applicable for long-term trading.
XLMUSDT nice breakout from c-fork (CHUVASHOVFORK) and now the price wants to test monthly resistance 🦐
IF the price filps monthly resistance as support According to Plancton's strategy, 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...
VIBEBTC Seems to want to bounce out from the descending channel and falling wedge.
The price is testing monthly support.
IF the price will break the channel and retest the current daily resistance as a support, According to Plancton's strategy, we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red...
TROYBTC is testing monthly resistance, and the price is inside a daily descending channel.
IF and Only IF the price gains the bullish momentum and will beak the recent daily resistance, According to Plancton's strategy, we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly...
USOIL on the monthly chart is moving inside a descending channel.
The price after hitting the huge monthly resistance at 43.50 got rejected and touch the weekly support around the 37 areas.
On the lower left chart, we can notice that the market created a double bottom with the last week closing in a double bottom higher close.
The daily chart (lower right) shows...
ADXBTC wants to test the monthly resistance. Now the price is testing the weekly support.
IF the price will have a breakout on daily resistance, 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...
SP500 on the monthly chart is testing the upper side of the huge channel.
On the weekly chart the price found support at the 3300 level before starting a new impulse till the top of the channel.
ON the daily chart we can notice how the price got perfectly rejected by the monthly trendline.
During next week market can hit the daily support and break below to test...
DASHUSDT created the Triple bottom on monthly support.
IF the price will break the descending channel and retest the previous resistance as 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...
USDCAD on the monthly chart is moving inside a huge ascending channel.
Within the major channel, the market is moving inside a smaller channel and the price got rejected at the weekly resistance over the 0.5 fib of the previous descending leg.
Currently, the market is testing the lower trendline over monthly support around the 1.30500 area and IF the price will...
EURUSD on the monthly chart is still moving inside a huge descending channel.
On the weekly chart (lower left) we notice that price after the bullish run found resistance at the 1.19 level, broke below the weekly support at 1.17 for a retracement move, and back above.
The daily chart shows us that price moved in a descending channel before breaking above and start...
Dow on the monthly channel after the drop caused by corona hit the lower part of the uptrending channel and rise back for 5 months in a row.
On the weekly channel we can see that market almost reached the historical highs but got rejected around the 29200 area.
Price found support at 27150 zone.
On the daily chart the market bounced at the 0.786 fib level of the...
ETHUSDT is trying to have a breakout from monthly resistance and wants to test the upper triangle trendline.
IF the price will break triangle and daily resistance According to Plancton's strategy, we can set a nice order
Weekly
Monthly
–––––
Follow the Shrimp 🦐
Keep in...
NASDAQ:GOOG
$GOOG Looks quite interesting atm. A life saver wedge seems to be lifting price around 1430. #Google has been respecting a well defined channel that been violated 2 times only because of the virus impact and the euphoria that followed through. Can make it to 1620.
#AHMEDMESBAH
LONG AUD/USD, ***IF there is a clear rejection around the current area, wich is between the 50% and 61,80% level of the fibonacci taken on the weekly timeframe, it is also on the 0,70500 monthly key level (psychological level) and the market is close to being oversold. IMPORTANT : I am only showing an analysis on one of the many timeframes that I use.
![BIIB: $BIIB #BIOGEN INC. [D1] High odds to breakout to 300:315](https://s3.tradingview.com/m/MSZq9TVe_mid.png "$BIIB #BIOGEN INC. [D1] High odds to breakout to 300:315")
![XAUUSD: $XAUUSD $GOLD #XAUUSD [D1] Current Gold Situation.](https://s3.tradingview.com/e/e9fgTj2Z_mid.png "$XAUUSD $GOLD #XAUUSD [D1] Current Gold Situation.")
![GDX: $GDX #GDX [D1] Gold Miners ETF. Is Retesting the Breakout.](https://s3.tradingview.com/2/20fFcimg_mid.png "$GDX #GDX [D1] Gold Miners ETF. Is Retesting the Breakout.")
![XAUEUR: #XAUEUR [1D] The fall is declined by demand @1600](https://s3.tradingview.com/0/0y6Ae9jg_mid.png "#XAUEUR [1D] The fall is declined by demand @1600")
![GOOG: $GOOG [Alphabet Inc.] [W1] #GOOGLE](https://s3.tradingview.com/t/tkorHIi5_mid.png "$GOOG [Alphabet Inc.] [W1] #GOOGLE")
