ADABTC Is inside a descending channel 🦐
Updated
ADABTC Is inside a descending channel, and the price created an inverse Adam and Eve on daily chart:
On the weekly chart, the price bounced on 0.618 Fibonacci Level
On the 4h chart, the price is inside a descending channel
https://www.tradingview.com/x/mLWDrTNx/
The price must have a breakout towards up to continue the bullish momentum, IF the price will lose the weekly support, we can see a deep correction.
–––––
Follow the Shrimp 🦐
Keep in mind.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
On the weekly chart, the price bounced on 0.618 Fibonacci Level
On the 4h chart, the price is inside a descending channel
https://www.tradingview.com/x/mLWDrTNx/
The price must have a breakout towards up to continue the bullish momentum, IF the price will lose the weekly support, we can see a deep correction.
–––––
Follow the Shrimp 🦐
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Note
Descending Channel on 4h
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.