ETHUSDT 2300 the next target?the price had a breakout from the daily support on 2560$. the market grabbed liquidity from the old lowes and now is testing the previous dynamic support as new resistance.
On the lower timeframe, the price had a false breakout from the 4h support.
How to approach?
For a bearish scenario, the price needs to have a new breakout from the new lows on 2500 and confirm it. If the price is going to satisfy our rules, we could open a new short position with the first valid support on 2300$
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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.
Breakoutsignal
BTCUSDT Major supports and Resistances aheadMajor resistances now are:
A. Red trendline resistance
B. Black trendline resistance
C. 46000$ daily resistance
Major supports now are:
A. 37000$
B. Blue trendline support zone
C. 29000$
Notice: If any of these resistances or supports break it means the market is getting ready for a new pump or dump.
For example if support B break market is getting bearish or If 46000$ resistance (resistance C) break market is extremely bullish then.
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SUSHIUSDT is trying to have a breakouytThe price tested the monthly support on 2.7$. That level is so important for SUSHI.
On the 4h timeframe the price is trying to have a breakout from the daily dynamic resistance and from 0.382 Fibonacci level.
How to approach?
I'm monitoring the price, I want to see a breakout from the dynamic resistance and retest of the 4h resistance on 3.1$.
It's not enough to check a breakout, you need to have a strategy, for that reason I will open a long position only after the price is going to satisfy my rules.
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
Voyager breakout?I just looked at voyager and noticed this line,think it could be a breakout signal soon. Dont see how this is going so low with the company being fully influenced by crypto as well as a massive amount of new users it seems like an amazing long term stock to buy.
ATOMUSDT is testing the 0.618 Fibonacci levelThe price created a double top on the daily timeframe and now the price is testing the 0.618 Fibonacci level below the daily resistance inside a descending channel
On the 4h timeframe the price is trying to have a breakout from the resistance on 29.5$
How to approach?
If the price is going to have a breakout from the 4h resistance and grab liquidity we could see a pullback until the 30$
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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.
GRTUSDT wants to retest the daily resistanceThe price had a bounce on the daily support on 0.31$ as you can see on the upper chart.
on the lower timeframe ( 4h on the lower chart) the price is having a breakout from the 4h dynamic resistance.
How to approach?
We could see a pullback on the daily support before a new bullish impulse above the 4h resistance on 0.37$. If the price is going to grab liquidity we could see a retest of the daily resistance at 0.40$
Don't forget, a breakout it's not enough to open a new position, you need to have a strategy
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
FILUSDT is testing the 4h resistanceThe price created a double bottom on the monthly support on 16.8$ as you can see from the upper chart. The price is testing the daily resistance right now on the 18.42$, it's a key level, where the price got rejections and got bounced in the past.
On the 4h timeframe, the price has resistance on 19$
How to approach it?
The price needs to have a breakout from the dynamic daily resistance and 4h resistance, and confirm it, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
DOTUSDT is testing the weekly resistanceThe price is testing the weekly resistance on 20$ after a perfect bounce on the dynamic and monthly support (the purple one). On the previous idea, we were waiting for a short position if the price would have broken the structure, so our strategy never triggered.
In the current scenario, the price is testing the weekly resistance and the dynamic daily one, at 20$.
How to approach?
We are monitoring the price, we want to see a breakout from the 20$ with volume and retest of the previous resistance as new support. The breakout is not enough, the price needs to satisfy our rules for a new long position
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
OGNUSDT is trying to have a breakout
The price is testing the weekly on 0.24$ support inside a descending daily channel.
After the breakdown from the previous support on 0.32$ the price retested it as new resistance.
How to approach?
We are monitoring the price, we could see a double bottom on the weekly support. We are waiting for a clear breakout from the descending daily channel and 4h resistance. According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
EGLDUSDT is testing the daily resitancethe price is creating a descending channel on the monthly support on the daily timeframe. The market is testing an important resistance right now on the 162$.
On the 4h timeframe, we can see a breakout from the 4h dynamic resistance.
How to approach?
We are waiting for a breakout from the 160$ and retest the current resistance as new support. Only if the price is going to satisfy our rules we can open a new long position
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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.
VPO | Falling Wedge Reversal Pattern Breakout Entry SetupPrice action and chart pattern trading setup
> Falling wedge reversal pattern
> Entry @ Breakout setup - bullish candlestick golden cross SMA50
> Target 0.618-0.786 target zone retracement
> RSI bullish signal crossed up MA above 50
> MACD golden cross just below baseline
> Target RR 2:1 for medium term trade
Always respect your stop loss!
ETHUSDT is creating a descending channel
The price is creating a descending channel on the daily resistance after a bounce on the 0.5 Fibonacci level on the Monthly chart.
The price got rejections from the 3k resistance, it's a key level.
On the 4h timeframe the price is testing the resistance on 2700$ and the market got rejections from that are.
How to approach?
For a bullish scenario, I'd like to see a clear breakout from the dynamic resistance and daily resistance on 3k.
Otherwise, if the price is going to lose the weekly support and retest the support as new resistance we could see a new short impulse. Next valid support is 2k –––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
BLOK in descending the channelVolume decreasing, resistance above along with 20sma on 4hr, SRSI high.
Might need to do some cooling off time, we could see a retest of the bottom or just some sideways action until it gets ready to go more up. Break from this channel could bring us nice gains...
Set alarm for this one traders
Good luck and hit like if you like it! Thanks
DOTUSDT is testing the supportThe price is testing a critical zone on the dynamic support and static support as well on 14.5$.
On the daily timeframe, the price is creating a descending channel after a false breakout from the 50$ resistance.
On the 4h timeframe, we can see that the price is testing the dynamic support after a breakdown from the static one.
How to approach?
IF the price is going to have a breakout from it and retest the previous support as new resistance, we can add in our watchlist and wait for apply or rules in order to open a new short position with a very nice risk reward.
The next valid support is 10$.
The scenario is invalidated if the price is going to have a breakout (above 17.5$) from the descending channel with volume and retest the support.
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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.
ETHUSDT is testing the 0.618 Fibonacci levelThe price bounced on the 2600$ support so far and it's going to retest the 0.618 Fibonacci level on the 4h timeframe on the daily dynamic resistance.
The market created an M pattern on a daily and 4h timeframe and the price retested its neckline already.
How to approach?
we could see another bearish impulse below the key level 2500$ and the next valid support is 2400$. The price should have a breakout from this support with volume after the first false breakout. The price is looking for a new higher low on the 4h timeframe. The setup is invalid if the price is going to have a clear breakout of 2800-2900$
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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.
MATICUSDT had a breakout from the weekly supportThe price is creating a descending channel on the daily timeframe after a false breakout on 2.6$ area. The price retested the previous support as new resistance and the market started with a descending channel.
The price got a bounce on the dynamic weely support and now it's testing the breakout of it.
On the 4h timeframe the price had a breakout of the weekly support and retested as new resistance.
How to approach?
We are monitoring the price action, we could see a retest of the weekly confluence where the price could get new liquidity for a new bearish impulse.
According to Plancton's strategy , we can set a nice order
The setup is invalidated if the price is going to have a breakout with a retest of the weekly structures around 1.6$
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
AVAXUSDT is testing the 0.786 Fibonacci levelThe price was rejected from the daily resistance on 96$ after a false breakout from the dynamic resistance, as you can see from the daily chart.
After the rejection the price retested the dynamic 4h support as new resistance and got liquidity from the new bearish impulse.
At the moment the price is testing the 0.786 Fibonacci level as new support.
How to approach?
We are monitoring the price, we could see a new bounce above the 4h resistance on 69$. If the price will not confirm the flip, we could see a new breakdown and retest of 61$, the dynamic support area.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
$IMPPImperial Petroleum Inc., together with its subsidiaries, provides international seaborne transportation services to oil producers, refineries, and commodities traders. As of September 30, 2021, it owns and operates cargo fleet with capacity is 255,804 dwt. The company was incorporated in 2021 and is based in Athens, Greece. Imperial Petroleum Inc.(NasdaqCM:IMPP.V) operates independently of StealthGas Inc. as of December 3, 2021.
SOLUSDT is losing an important supportThe price is creating a big descending channel on the daily timeframe as you can see on the upper chart (daily one), the price is losing the 90$ support right now.
It's an important one, as you can see on the left the price tested that area several times.
How to approach?
IF the price is going to retest the previous support as new resistance, and the market is going to satisfy our rules, we can open a new short position. The next valid support is the 0.786 Fibonacci level on the Weekly timeframe (around 73$)
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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.
ETHUSDT is going to retest the 0.618 Fibonacci levelThe price lost the 2900 support, where you can find the M's neckline.
The market retested the previous support as new resistance and got a new rejection.
the price is going to retest the previous resistance as new support, exactly on the 0.618 Fibonacci level.
How to approach?
We are waiting for the retest on 2600-2500, where the price could have a pullback.
IF the price is going to have a new breakdown of that area, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐