FTMUSDT is creating a descending channel

2022년 3월 18일

The market created a double top at 3.40$ and after that, the price got a bearish impulse. During these days the bad news not help this token, A big Developer left the team.

On the daily timeframe, the price is creating a descending channel and lost the key level on 1.3$.

On the 4h timeframe the price is creating a minor descending channel and now the price is testing the previous resistance as new support on 0.5 Fibonacci level.

How to approach?
the price needs to have a breakout from the descending channel with volume and confirm the breakout above the daily resistance and 4h timeframe on 1.37$.

IF the price is going to satisfy our rules, 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 🦐

2022년 3월 19일

노트

The price is following my drawing

2022년 3월 20일

노트

The price is following my drawing. Now the market needs to flip it as I told you 😎

2022년 3월 23일

노트

Wait for the breakout

2022년 3월 24일

노트

The price is testing the daily resistance below the 4h structure as I told you.
We are waiting for the breakout
The price is following my drawing

2022년 3월 25일

노트

so far so gooood

2022년 3월 27일

노트

So Far so good! another 6% since my call.

2022년 3월 28일

노트

so far 9% 😎