XRPUSDT is inside a descending channel 🦐
Updated
XRPUSDT is inside a descending channel. The price bounced on a daily support and retest 0.382 Fibonacci level.
If The price will break the channel with volume, we can set a long order on the retest.
But If the price gains bearish momentum and will break the previous support, we can wait the retest and open a new short position.
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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.
If The price will break the channel with volume, we can set a long order on the retest.
But If the price gains bearish momentum and will break the previous support, we can wait the retest and open a new short position.
–––––
Follow the Shrimp 🦐
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
- ⚫️ Black 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
We are waiting for a breakout.The price is creating an Inverse head and shoulder
Note
Everything as expectedNote
Everything ae expectedNote
Everything as expected
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