WAVESUSDT is creating a retracement for the next leg?
تم تحديثه
WAVESUSDT, has repeatedly bounced off a dynamic support level after forming a Cup and Handle pattern.
A Cup and Handle pattern is a bullish reversal chart pattern that is formed when the price of an asset creates a rounded bottom or "cup" shape, followed by a smaller downward move or "handle". This pattern indicates that a price increase could be imminent as demand for the asset picks up.
In this context, a retracement means a temporary decrease in the price of Waves, as it returns to a previous level of support that is now expected to act as a new source of buying pressure. If the price satisfies the set rules, a new bullish impulse could emerge, pushing the price towards the next resistance level at $3.5, so According to Plancton's strategy, we can set a nice order
–––––
Keep in mind.
–––––
Follow the Shrimp 🦐
A Cup and Handle pattern is a bullish reversal chart pattern that is formed when the price of an asset creates a rounded bottom or "cup" shape, followed by a smaller downward move or "handle". This pattern indicates that a price increase could be imminent as demand for the asset picks up.
In this context, a retracement means a temporary decrease in the price of Waves, as it returns to a previous level of support that is now expected to act as a new source of buying pressure. If the price satisfies the set rules, a new bullish impulse could emerge, pushing the price towards the next resistance level at $3.5, so 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.
- ⚫️ black structure -> <= 1h structure.
–––––
Follow the Shrimp 🦐
ملاحظة
The price is inside the descending channel, let's see!ملاحظة
Bang!
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.