InkyGrip

AAVEUSDT is creating a falling Wedge 🦐

Long
InkyGrip Updated   
BINANCE:AAVEUSDT   AAVE / TetherUS
The price is creating a falling wedge on the monthly support of 113$ after several rejections from the dynamic resistance.

On the 4h timeframe, the price is testing the 4h resistance after a first false breakout.
The price needs to hold the monthly support to avoid invalidating the setup

How to approach?
If the price is going to have a breakout from the falling wedge and 4h resistance, According to Plancton's strategy, we can set a nice order
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Keep in mind.
  • 🟣 Purple structure -> Monthly structure.
  • πŸ”΄ Red structure -> Weekly structure.
  • πŸ”΅ Blue structure -> Daily structure.
  • 🟑 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
Comment:
The price is still inside a falling wedge and got a rejection from the 4h resistance as I told you.
Wait for the breakout above the 125$ πŸ‘€
Comment:
The price is testing the 4h resistance right now!
Comment:
The price needs to break the 4h resistance before turning bullish.
At the moment the price is inside a falling wedge on the monthly support
Comment:
The price needs to flip it.
We don't trade the Hopes
Comment:
The price is following my drawing!

9% so far 😎
Comment:
so far so good 😎
12% since my call.
Comment:
26% since my free call
Comment:
88% since my call
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