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InkyGrip
Feb 3, 2022 7:14 AM

THETABTC is creating a descending channel Long

Theta Token / BitcoinBinance

Description

The price retraced more than 80% since his double top.
On the daily timeframe, the market created a double top and now is creating a descending channel.
We are monitoring the price for a breakout of 0.0000880.

How to approach?
IF the price is going to have a breakout from the descending channel with Volume, 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 🦐
Comments
CobraVanguard
agree and soon more rise ahead
InkyGrip
@tt.TreeTrader, excellent, we will wait for the price action to develop 🦐
Michael_Winner
Nice theta analysis, many thanks mate.💡
InkyGrip
@S-group, thanks a lot for your support mate 🦐
MMBTtrader
yes and soon can pump
InkyGrip
@MMBTtrader, a possible double bottom over the support can invert the trend 🦐
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