NEOUSDT is a digital asset that recently formed a Double Bottom pattern near the $6 area, and it caused a breakout from a downward trend in its price movement.
A Descending Channel is a technical analysis pattern in which the price of an asset moves between two downward-sloping trend lines, creating a series of lower highs and lower lows.
Currently, the price of NEOUSDT is testing a resistance level near $8.5, where the market is forming a Rising Wedge pattern on the 4-hour time frame.
A Rising Wedge is a bearish chart pattern that forms when two upward-sloping trend lines are converging, signaling a potential price decrease as the momentum of the asset's rise weakens.
This breakout would trigger a new retracement, or a temporary reversal in the trend of the asset's price, according to the rules being followed. The market will closely monitor the price action at the support level for a potential breakout, which could potentially lead to further price decreases, According to Plancton's strategy, we can set a nice order
–––––
Keep in mind.
–––––
Follow the Shrimp 🦐
A Descending Channel is a technical analysis pattern in which the price of an asset moves between two downward-sloping trend lines, creating a series of lower highs and lower lows.
Currently, the price of NEOUSDT is testing a resistance level near $8.5, where the market is forming a Rising Wedge pattern on the 4-hour time frame.
A Rising Wedge is a bearish chart pattern that forms when two upward-sloping trend lines are converging, signaling a potential price decrease as the momentum of the asset's rise weakens.
This breakout would trigger a new retracement, or a temporary reversal in the trend of the asset's price, according to the rules being followed. The market will closely monitor the price action at the support level for a potential breakout, which could potentially lead to further price decreases, 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 🦐
노트
The price is testing the key level, let's see!노트
the price is testing the resistance, we could see a bearish impulse if the price is going to lose the supportRising wedge is a bearish chart pattern in technical analysis that occurs when the price of an asset moves higher within a converging price range, creating a wedge shape on the price chart. It is characterized by two upward sloping, converging trendlines connecting a series of highs and lows. A breakdown from the rising wedge pattern signals a potential trend reversal and indicates a likely price decrease.
노트
We are waiting for the breakout from rising wedge
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.