ZRXUSDT is testing weekly resistance 🦐After previous idea with nice gain, $ZRX.X is testing weekly resistance. IF the price will have a breakout upward, According to Plancton's strategy (check our Academy), we can set a nice order
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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 the Plancton0618 strategy will trigger.
ZRXUSDT trade ideas
ZRXUSDT (0x) - POTENTIAL BREAKOUTANALYSIS 🔎
- ZRXUSDT is consolidating in an ascending triangle pattern.
- This is a bullish build up pattern.
- Price testing the ascending triangle's horizontal resistance.
- There's an upward breakout potential.
BUY ENTRY ⬆️
- Breakout above the ascending triangle's horizontal resistance.
TARGETS 🎯
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.
ZRXUSDT XABCD formation in progress?There's a new XABCD formation in progress in ZRX
Down trend seems to be broken and it is in the retest area
Buy : 0.5015
TP1 : 0.5572
TP2 : 0.6116
TP3 : 0.6647 (Kind of skeptical about this one)
SL : 0.4276
Note : BTC is still highly volatile be careful and pull SL if it looks dangerous
ZRXUSDT - POTENTIAL BUY ENTRY ANALYSIS 🔎
- ZRXUSDT is printing an ascending triangle pattern.
- Price bounced off the ascending triangle's inclined support.
- Price also brokeout above the descending trendline resistance.
- We could see a test of the ascending triangle's horizontal resistance.
BUY ENTRY ⬆️
- Breakout above the horizontal resistance level (R1).
TARGET 🎯
- Ascending triangle's horizontal resistance.
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.