the price of Dot had a breakout from the falling wedge, leading to amazing profits. The price also had a breakout from a descending channel, which is a bearish pattern characterized by a series of lower highs and lower lows that form a downward sloping trendline.
A falling wedge is a chart pattern that occurs in a downward trending market and is characterized by a series of lower highs and lower lows that converge towards a common point, creating a wedge-like shape on the chart that slopes downward.
The price of Dot is now creating higher highs and higher lows, and recently created an equal low, which could be a bullish sign.
We are waiting for a potential breakout from the weekly resistance at the 6.9$ area, so According to Plancton's strategy, we can set a nice order
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Keep in mind.
Follow the Shrimp 🦐
A falling wedge is a chart pattern that occurs in a downward trending market and is characterized by a series of lower highs and lower lows that converge towards a common point, creating a wedge-like shape on the chart that slopes downward.
The price of Dot is now creating higher highs and higher lows, and recently created an equal low, which could be a bullish sign.
We are waiting for a potential breakout from the weekly resistance at the 6.9$ area, so 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 🦐
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Waiting for the clear breakout and retest
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The price is testing the resistance!
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the price is testing the resistance right now!