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Short

XMRUSDT is creating an ascending channel

By InkyGrip
Updated
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XMRUSDT is creating a descending channel on the daily timeframe.
On the 4h timeframe the price is creating an ascending channel inside it.

The price is above the weekly support on 185$.
How to approach on it?
IF the price is going to lose the 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 🦐
Comment
the price bounced exactly on the daily support.
Bearish if the price is going to lose it
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The setup is still valid.
The price needs to create a new breakout from the 4h support
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The price created a double top on 208$ and now the market is testing important support on 180$.
waiting for the breakout
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15% after a double top
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Amazing trade here.MTB and 24% so far
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the price had a breakout from the weekly and retested it.
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breakoutbreakouttradingChart PatternsHarmonic PatternsTrend Analysis
InkyGrip

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