TradingView
InkyGrip
Feb 16, 2022 7:22 AM

SOLUSDT is creating a descending channel Long

SOL / TetherUSBinance

Description



The price is creating a descending channel on the daily timeframe. We can see two false breakout.

Not the price is creating a consolidation above the daily support and dynamic resistance

How to approach?
IF the price is going to have a breakout from the daily dynamic resistance and weekly resistance (120$) 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.

–––––
Follow the Shrimp 🦐
Comments
jojofang0901
indeed it is forming the descending structure, can expect bullish upside :) thx
InkyGrip
@jojofang0901, yes and a double bottom on the support too on the daily chart 🦐
amjadmohammadi3259
btc plz
InkyGrip
@amjadmohammadi3259, that is the king 🦐🏆
kes63667869
#azero/usdt #shib/usdt
InkyGrip
@kes63667869, what is azero sir? 🦐
kes63667869
@plancton0618, aleph zero sir
InkyGrip
@kes63667869, i see 🦐
snilesh115
AXS and CHZ plz
InkyGrip
@snilesh115, noted bro 🦐
More