AXS / TetherUSDiupdate AXSUSDT is creating a huge descending channel
The price has recently bounced off the 0.786 Fibonacci level, which is considered to be a potential level of support or resistance.
The statement indicates that the trader is waiting for a breakout from the channel, which could potentially signal a new long position according to Plancton's Rules, a set of guidelines for technical analysis.
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Follow the Shrimp 🦐
Keep in mind.
The statement indicates that the trader is waiting for a breakout from the channel, which could potentially signal a new long position according to Plancton's Rules, a set of guidelines for technical analysis.
–––––
Follow the Shrimp 🦐
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
- ⚫️ Black structure -> <= 1h structure.
Catatan
the price needs to create a breakout from the daily resistance!
Catatan
Waiting for it Catatan
the price is testing the daily support after the breakout as expected!Catatan
nice bullish impulse, the price needs to flip the weekly resistanceCatatan
Testing the Weekly right now
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