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InkyGrip
Aug 6, 2022 7:08 AM

KDAUSDT is creating a rounded bottom Long

KDA / TetherUSBinance

Description

The price created a rounded bottom on the daily timeframe and now the market is testing the daily resistance on 2.1-2.2$ area

How to approach it?
the price needs to create a clear breakout from the resistance area and retest it as new support, so 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

The price needs to create a breakout from here!
KDA is on my watchlist 👀

Comment

The price is going to have a breakout 👀
Comments
Solldy
I think it might work. Before reading the idea, I did my own analysis of this asset and also came up with a similar scenario for the price movement.
InkyGrip
@Solldy, happy to hear that
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