After a very nice profit ( check it ) the price is creating a falling wedge above the weekly support. IF the price will have a breakout upward, we can look for a long position according with our academy, otherwise if the price will lose the weekly support, According to Plancton's strategy (check our Academy ), we can set a nice order ––––– Follow the Shrimp...
LRCUSDT is creating a falling wedge and now the price is testing the previous resistance as new support. A long scenario is valid only if the price will have a breakout from the wedge and from the weekly resistance, otherwise, if the price will lose the 4h support, we could see a retest of the weekly support. According to Plancton's strategy (check our Academy),...
NASDAQ:MU Great looking chart. Falling wedge pattern into a nice support range. Bullish divergence on the RSI. Holding some strong FIB levels with two anchor point that both play. Really really like this one as a bottom play if you allow time for the leg to go.
ICPUSDT is inside a falling wedge and now the price is between two 4h structures. IF the price will have a breakout upward and retest the current resistance as 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 ->...
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 ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly...
EOS has broken down through my optimistic consolidation pattern and has broken down through the 120 day EMA. Seems likely at this point to retest both the wider consolidation pattern that's formed as well as touch down on the 240 day EMA. As long as your stop loss is set below the 480 day EMA, I think you'll be in the clear for a nice long position (keep that...
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...
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 ->...
ADAUSDT created a rising wedge, and now the price is testing weekly resistance. IF the price will lose the daily support and turns it into 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...
BATUSDT bounce on weekly support and now the price is trying to have a breakout from the falling wedge. IF the price will break the current daily resistance and turn it into 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. ...
BTCUSDT creates wedge inside huge triangle, be careful. I'm neutral at the moment ––––– Follow the Shrimp 🦐 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 Plancton0618 strategy will trigger.
USDCAD has been consolidating at the 1.35400 zone after making a falling wedge pattern on the 4 hour timeframe before consolidating and making high highs and higher lows shortly after, ending the previous day on a bullish pinbar candlestick rejecting the 1.35400 zone. We are likely to see the price going bullish all the way to the 1.38500 zone. Thanks for...
A descending broadening wedge is bullish chart pattern (said to be a reversal pattern). It is formed by two diverging bullish lines. A descending broadening wedge is confirmed/valid if it has good oscillation between the two upward lines . The upper line is the resistance line; the lower line is the support line. Each of these lines must have been touched at...
An ascending broadening wedge is a bearish chart pattern (said to be a reversal pattern). It is formed by two diverging bullish lines. An ascending broadening wedge is confirmed/valid if it has good oscillation between the two upward lines. The upper line is the resistance line; the lower line is the support line. Each of these lines must have been touched at...
BUY & SELL Above Given Chart or You Can Also set Own Risk reward. Let see what Will be Next Move. Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only. Thank You !!
When's a wedge a wedge and when is it a pennant formation? To answer this question:- #1 The wedge occurred post a trend-break which from experience is usually an ABCD down move at the minimum #2 The wedge is situated at a key interim support level (note the key SSR level at 2800) #3 Price action is now clustering below a new SSR level #4 Price action tried...
CADCHF Target Price Level 0.73892
Expect EURSEK to reach Price Level 10.53431 In a Trending Market.