XTZUSDT broke the wedge! 🦐

XTZUSDT broke the wedge and the price is in a descending channel.
We can expect a retracement to retest the previuous resistance.
IF the price will reject we can see another bear impulse.
According to Plancton's strategy, we can set a nice order
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Follow the Shrimp 🦐

Keep in mind.

• 🟣 Purple structure -> Monthly structure.
  
• 🔴 Red structure -> Weekly structure.
  
• 🔵 Blue structure -> Daily structure.
  
• 🟡 Yellow structure -> 4h structure.
  

Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.

Kommentera:

Bounce on daily support ad expected

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So far the price hit the 0.382 Fibonacci level (retracement)

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The price is creating a bear flag after tested 0.5 Fibonacci Level. IF the price will have a breakdown we can see a new retest on daily support

Kommentera:

everything as expected
now the price is testing weekly support

Kommentera:

the price is testing the daily/weekly Support.
Everything as expected

Kommentera:

Everything as expected