XLMUSDT it's in inside an ascending weekly channel, must HOLD!

5. Sept. 2020

XLMUSDT it's in inside an ascending weekly channel after the price lost a monthly structure.
The price is on the bottom of channel and near to 0.5 Fibonacci level.
IF the price will recover the previous monthly support, we can see a new long impulse
IF the price will lose the weekly channel, we can see a bear scenario.

Weekly


Monthly

–––––
Follow the Shrimp 🦐

Keep in mind.

• 🟣 Purple structure -> Monthly structure.
  
• 🔴 Red structure -> Weekly structure.
  
• 🔵 Blue structure -> Daily structure.
  
• 🟡 Yellow structure -> 4h structure.
  

Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.

11. Sept. 2020

Anmerkung

The price lost the weekly channel and retest it. The price is creating a bear flag.
IF the price will breakdown the flag, we can see another bear impulse.

13. Sept. 2020

Anmerkung

Honestly. I don't like this reject from Weekly channel and monthly resistance

21. Sept. 2020

Anmerkung

the price must hold the daily support

23. Sept. 2020

Anmerkung

Everything as expected