ANKRUSDT is creating a descending channel
The price is testing the daily resistance at 0.080 after the first rejection.
On the 4h timeframe, the price had a false breakout from the ascending channel on 0.1 and now the market is creating a descending channel
How to approach?
For a bullish scenario, the price needs to have a breakout from 0.083$ with a clear breakout and volume and retest the resistance as new support.
IF the price is going to confirm it, 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 🦐
On the 4h timeframe, the price had a false breakout from the ascending channel on 0.1 and now the market is creating a descending channel
How to approach?
For a bullish scenario, the price needs to have a breakout from 0.083$ with a clear breakout and volume and retest the resistance as new support.
IF the price is going to confirm it, 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 🦐
Note
The price is testing the descending channel waiting for the breakout
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.