An ascending channel is a technical chart pattern that occurs when price creates a series of higher highs and higher lows, forming two upward sloping parallel trend lines. In the case of ALGOUSDT, the pair is inside an ascending channel below the weekly key resistance at 0.27$, where the price has bounced several times in the past.
The price currently needs to grab liquidity in order to make a new breakout above the resistance, and we are watching this pair in order to apply our strategies.
A successful breakout above the resistance could signal a continuation of the uptrend and indicate further price appreciation, so According to Plancton's strategy, we can set a nice order
–––––
Keep in mind.
–––––
Follow the Shrimp 🦐
The price currently needs to grab liquidity in order to make a new breakout above the resistance, and we are watching this pair in order to apply our strategies.
A successful breakout above the resistance could signal a continuation of the uptrend and indicate further price appreciation, 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 🦐
Nota
the breakout is mandatory!Nota
the market hit the key level as I told you with 9%Nota
9% wait for the next breakoutNota
bang!
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.