ADAUSDT is creating a descending channel
The price had a breakout from the descending channel and got a rejection from the weekly resistance on the 1.19$.
On the 4h timeframe the price is creating a descending channel on the 0.786 Fibonacci level below the monthly resistance.
How to approach?
The price needs to have a breakout from the channel and monthly resistance, and flip it into new support. According to Plancton's strategy, we can set a nice order
–––––
Keep in mind.
–––––
Follow the Shrimp 🦐
On the 4h timeframe the price is creating a descending channel on the 0.786 Fibonacci level below the monthly resistance.
How to approach?
The price needs to have a breakout from the channel and monthly resistance, and flip it into new support. According to Plancton's strategy, we can set a nice order
–––––
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.