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InkyGrip

KAVAUSDT needs a clear breakout to continue the upside

Long
Kava / TetherUS (BINANCE:KAVAUSDT)  
InkyGrip Updated   
BINANCE:KAVAUSDT   Kava / TetherUS
Trend Analysis Harmonic Patterns Chart Patterns
4
2
trendanalysis harmonicpatterns chartpattern
snapshot
the price retested a key monthly support after a clear bullrun.
Now the price is testing the daily resistance inside a rising wedge

How to approach it?
IF and only IF the price is going to have a clear breakout from the daily and rising wedge and retest the current resistance as new support, 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 🦐
Comment:
As I said during the video, the rising wedge is a reversal pattern, but if the price is going to have a breakout from the daily resistance and retest it as new support, we could have a bullish scenario!
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Comment:
The price needs to push up from here!
snapshot
Comment:
the price needs to invalidate the rising wedge for the bullish scenario!
snapshot
Comment:
Only if the price is going to flip the 4h resistance
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