XTZUSDT broke the wedge and the price is in a descending channel. We can expect a retracement to retest the previuous resistance. IF the price will reject we can see another bear impulse. According to Plancton's strategy, we can set a nice order ––––– 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.
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Bounce on daily support ad expected
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So far the price hit the 0.382 Fibonacci level (retracement)
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The price is creating a bear flag after tested 0.5 Fibonacci Level. IF the price will have a breakdown we can see a new retest on daily support
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everything as expected now the price is testing weekly support
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the price is testing the daily/weekly Support. Everything as expected
@divine83, Not at the moment. Check my last update and Join to our crypto channel to receive updates about our ideas! You can find the link in my signature
AryaxS
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LOL never seen a wedge that flat before. I doubt it.
@plancton0618, Still don't see how this is a wedge, there wasn't even a "hit and run" retest as your idea suggested (which would validate a wedge). I prefer to see it as a channel, someone posted the idea I personally also feels so too tradingview.com/chart/XTZUSD/XK35dPxw-XTZ-time-to-go-back-up/. By the way there was price history before Binance too if you want to draw a longer term trend line, check out Kraken or even HitBTC.
InkyGrip
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@AryaxS, thank for your feedback, Nice channel. Thanks again man! Keep learning!