InkyGrip

MATICUSDT is testing the weekly resistance

Long
InkyGrip Updated   
BINANCE:MATICUSDT   MATIC Network / TetherUS
Recently, it has seen an influx of liquidity from the 0.8122 demand area, which has led to a breakout above resistance levels. This has created a bullish pennant pattern below the weekly resistance level, indicating a potential for further upward price movement in the near future.

The liquidity at the 0.8122 area has provided support for the price and helped to push it above resistance levels. This breakout has created an opportunity for our students to enter the market at a favorable price point and potentially capitalize on further upward price movement.

The pennant pattern that has formed below the weekly resistance level is a continuation pattern that is formed when the price consolidates after a strong move. This pattern is often seen as a bullish sign, indicating that the market is likely to continue moving in the same direction as the prior trend.

Overall, the recent developments in the MATICUSDT market suggest that it has strong potential for upward price movement in the near future, so 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 🦐
Comment:
11%
Comment:
a clear breakout from the pennant as I told you.
More if the price is going to create a new breakout from the weekly resistance
Comment:
bang! 18%
Comment:
a very clear breakout from the pennant and now the market is testing the Weekly dynamic support as resistance
Comment:
Clear breakout as I told you
Comment:
Amazing 24% with MATICUSDT !
A lot of students got it thanks to CPS and MTB
Can it reach the 1.33 Area?
Comment:
27%
Comment:
35%
Comment:
46%
Comment:
56%
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.