AAVEUSDT is creating a falling Wedge 🦐
Updated
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.
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Follow the Shrimp 🦐
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
–––––
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 🦐
Note
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 callNote
88% since my call
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