The price created a double top on the daily time frame on 0.5$
On the 4h timeframe the price is creating a M pattern and now the market is testing the 0.5 Fibonacci level on the 4h support.
How to approach?
IF the price is going to lose the support and retest it as new resistance, According to Plancton's strategy, we can set a nice order
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Keep in mind.
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Follow the Shrimp 🦐
On the 4h timeframe the price is creating a M pattern and now the market is testing the 0.5 Fibonacci level on the 4h support.
How to approach?
IF the price is going to lose the support and retest it as new resistance, 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.
–––––
Follow the Shrimp 🦐
Nota
The price is testing the 4h support and the dynamic support of the descending channel. Bear if the price is going to lose the supportNota
So far so good 4%Nota
6% so far.If the price confirms the 4h breakout, the next valid support is 0.786 Fibonacci level
Nota
The price wants to retest the 0.786 Fibonacci level as I told you in the main analysisNota
As I told you, The price wanted the 0.786 Fibonacci LevelNota
8% so far, more if the price is going to have a new breakout from the bear flagNota
8% so far, and the price could retest the Daily support after the breakout from the bear flagNota
Nota
33% 🤷🏻♂️
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Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.