KAVAUSDT needs a clear breakout to continue the upside

2022년 8월 11일

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 🦐

2022년 8월 11일

노트

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!

2022년 8월 11일

노트

The price needs to push up from here!

2022년 8월 12일

노트

the price needs to invalidate the rising wedge for the bullish scenario!

2022년 8월 14일

노트

Only if the price is going to flip the 4h resistance