Chiliz / TetherUSUpdated CHZUSDT wants the 0.5 Fibonacci level?
CHZUSDT lost its dynamic support, which could be a bearish signal for traders.
The dynamic support refers to a moving average or trendline that acts as a support level for the price. When the price falls below this support level, it may indicate a shift in market sentiment, from bullish to bearish. In this case, the price of CHZUSDT could retest the 0.5 Fibonacci level, which is a commonly used retracement level in technical analysis.
If the price fails to hold at the 0.5 Fibonacci level, it could create a new bearish impulse, which may push the price further down towards the 0.11 $ area. According to Plancton's Rules, which is a trading strategy based on Fibonacci retracement levels, this could be a good opportunity for short selling.
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Follow the Shrimp 🦐
Keep in mind.
The dynamic support refers to a moving average or trendline that acts as a support level for the price. When the price falls below this support level, it may indicate a shift in market sentiment, from bullish to bearish. In this case, the price of CHZUSDT could retest the 0.5 Fibonacci level, which is a commonly used retracement level in technical analysis.
If the price fails to hold at the 0.5 Fibonacci level, it could create a new bearish impulse, which may push the price further down towards the 0.11 $ area. According to Plancton's Rules, which is a trading strategy based on Fibonacci retracement levels, this could be a good opportunity for short selling.
–––––
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.
Note
The price is testing the key level Note
The price is following my arrowNote
Waiting for the next bearish impulseNote
The price is following my arrow, more if the price is going to lose the dynamic supportNote
Waiting for the breakout. Accumulation below the Dynamic supportNote
everything as I told youNote
15%Note
21% Note
20% 
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