The recent price action of RDNTUSDT has shown a breakout from a falling wedge pattern, indicating a potential shift in market sentiment. The falling wedge pattern is characterized by a narrowing range between a downward-sloping resistance line and an upward-sloping support line.
After the breakout from the falling wedge pattern, RDNTUSDT is currently testing a resistance level. This level is significant as it has previously acted as a barrier to further price advancement. If RDNTUSDT manages to break out above the $0.33 area, it could present a new trading opportunity according to Plancton's rules.
As per Plancton's rules, a breakout from the $0.33 area would suggest a potential continuation of the bullish momentum. Traders following Plancton's rules might consider opening new long positions in anticipation of further price appreciation.
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Follow the Shrimp 🦐
Keep in mind.
After the breakout from the falling wedge pattern, RDNTUSDT is currently testing a resistance level. This level is significant as it has previously acted as a barrier to further price advancement. If RDNTUSDT manages to break out above the $0.33 area, it could present a new trading opportunity according to Plancton's rules.
As per Plancton's rules, a breakout from the $0.33 area would suggest a potential continuation of the bullish momentum. Traders following Plancton's rules might consider opening new long positions in anticipation of further price appreciation.
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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.
- ⚫️ Black structure -> <= 1h structure.
Nota
breakout soon?
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.