TradingView
InkyGrip
Oct 18, 2022 12:54 PM

COMPUSDT is inside a massive descending channel 

BINANCE:COMPUSDT240
COMP / TetherUSBinance

Description

⋅
The price is creating a descending channel inside a main ascending channel on the daily timeframe.
Now the price is testing an important support at 53$

How to approach it?
IF the price is going to have a breakout and retest the current resistance as new support, 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.
  • ⚫️ black structure -> <= 1h structure.

–––––
Follow the Shrimp 🦐
Trend AnalysisChart PatternsHarmonic Patterns
Comments
Solldy
⋅
I don't even have anything to disagree with your publication. Excellent! The only thing is that my entry point is different, but only slightly 😉
InkyGrip
⋅
@Solldy, thanks sir
Tolberti
⋅
Very interesting analysis, I like it!
InkyGrip
⋅
@Tolberti, appreciate it
AtlasTrades
⋅
Nice chart mate, I think it's correct idea as always for compusdt
InkyGrip
⋅
@AtlasTrades, happy to hear that
RLinda
⋅
Good analysis, Thanks for sharing)
InkyGrip
⋅
@RLinda, happy to hear that
Cybernetics_tl
⋅
yup, agree, it got a nice bullish impulse, the correction is mostly finished!
InkyGrip
⋅
@Cybernetics_tl, you are welcome
More