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AAVE / TetherUS
Long
Updated

AAVEUSDT is creating a falling Wedge 🦐

529
The price is creating a falling wedge on the monthly support of 113$ after several rejections from the dynamic resistance.

On the 4h timeframe, the price is testing the 4h resistance after a first false breakout.
The price needs to hold the monthly support to avoid invalidating the setup

How to approach?
If the price is going to have a breakout from the falling wedge and 4h resistance, According to Plancton's strategy, we can set a nice order
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Keep in mind.
  • 🟣 Purple structure -> Monthly structure.
  • 🔴 Red structure -> Weekly structure.
  • 🔵 Blue structure -> Daily structure.
  • 🟡 Yellow structure -> 4h structure.

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Follow the Shrimp 🦐
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The price is still inside a falling wedge and got a rejection from the 4h resistance as I told you.
Wait for the breakout above the 125$ 👀
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The price is testing the 4h resistance right now!
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The price needs to break the 4h resistance before turning bullish.
At the moment the price is inside a falling wedge on the monthly support
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The price needs to flip it.
We don't trade the Hopes
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The price is following my drawing!

9% so far 😎
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so far so good 😎
12% since my call.
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26% since my free call
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88% since my call
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InkyGrip
Chart PatternsFalling WedgeHarmonic PatternsTrend Analysis

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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Chart PatternsFalling WedgeHarmonic PatternsTrend Analysis
InkyGrip

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.