KAVAUSDT needs a clear breakout to continue the upside
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.
Follow the Shrimp 🦐
הערה:
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!
הערה:
The price needs to push up from here!
הערה:
the price needs to invalidate the rising wedge for the bullish scenario!
הערה:
Only if the price is going to flip the 4h resistance