Kava / TetherUS
Long
Aktualisiert

KAVAUSDT needs a clear breakout to continue the upside

131
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 🦐
Anmerkung
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!
Snapshot
Anmerkung
The price needs to push up from here!
Snapshot
Anmerkung
the price needs to invalidate the rising wedge for the bullish scenario!
Snapshot
Anmerkung
Only if the price is going to flip the 4h resistance
Snapshot

Haftungsausschluss

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