the price is creating a huge falling Wedge on the daily timeframe.
The Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower.
As you can see, the previous support turns resistance on the 0.382 Fibonacci level..
How to Approach?
If the price is going to have a breakout with volume from the falling wedge and retest the 0.382 Fibonacci level (1.8$) as new support, According to Plancton's strategy, we can set a nice order
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Keep in mind.
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Follow the Shrimp 🦐
The Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower.
As you can see, the previous support turns resistance on the 0.382 Fibonacci level..
How to Approach?
If the price is going to have a breakout with volume from the falling wedge and retest the 0.382 Fibonacci level (1.8$) as 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 🦐
Nota
*C98USDTNota
The market got a rejection from 0.382 Fibonacci level and daily resistance.
We are waiting for a clear breakout from the falling wedge
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.