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InkyGrip

REEFUSDT is creating a triangle

Long
REEF / TetherUS (BINANCE:REEFUSDT)  
InkyGrip  
BINANCE:REEFUSDT   REEF / TetherUS
Trend Analysis Chart Patterns Harmonic Patterns Symmetrical Triangle trianglebreak trianglepattren Triangle Wave trianglebreaout trianglepatterns
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trendanalysis chartpattern harmonicpatterns symmetricaltriangle trianglebreak trianglepattren trianglewave trianglebreaout trianglepatterns
The price is creating an ascending channel below the daily resistance of 0.005$.

As you can see the daily area is very strong for the market, and the price got several rejections from that area.

How to approach it?
IF the price is going to have a breakout from that area, 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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