LITUSDT is creating a triangle
Updated
The price had a breakout from the dynamic resistance on the daily timeframe after a retest at 1.23$. The market created a double bottom on it.
On the 4h timeframe, the price is testing the 4h resistance on 1.38$ after a nice breakout of 1.320$ and the market is creating an ascending triangle, where the resistance is the daily resistance.
Be aware of the supply zone (circle) where the price had an accumulation before a new bearish impulse.
How to approach?
We are waiting for the breakout from the triangle and retest the previous resistance (daily) as new support.. If the price is going to have a breakout from the supply zone, According to Plancton's strategy, we can set a nice order
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Keep in mind.
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Follow the Shrimp 🦐
On the 4h timeframe, the price is testing the 4h resistance on 1.38$ after a nice breakout of 1.320$ and the market is creating an ascending triangle, where the resistance is the daily resistance.
Be aware of the supply zone (circle) where the price had an accumulation before a new bearish impulse.
How to approach?
We are waiting for the breakout from the triangle and retest the previous resistance (daily) as new support.. If the price is going to have a breakout from the supply zone, 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.
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Follow the Shrimp 🦐
Note
The price is following my drawing!Note
The price is in accumulation zone after the breakout as expectedNote
The price is testing the previous resistance as new support. We are waiting for the breakout from the supply zone!
Don't miss it
Note
The price followed my drawing, check my previous analysis.Consolidation, before the breakout as I told you.
12% so far
Note
24 since my call.congrats Planctoners
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