ETCUSDT is testing the 4h resistance
The price bounced exactly in the 1.127 Fibonacci Extension on 17.25$ and the market started with a triangle on 4h timeframe.
now the price is testing the 4h resistance at 24.5$ where the price got a rejection a few days ago.
How to approach it?
the price needs to have a new breakout from the resistance and retest the resistance as new support. According to Plancton's strategy, we can set a nice order
–––––
Keep in mind.
–––––
Follow the Shrimp 🦐
now the price is testing the 4h resistance at 24.5$ where the price got a rejection a few days ago.
How to approach it?
the price needs to have a new breakout from the resistance and retest the resistance as new support. 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 🦐
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.