The price is testing the 0.5 Fibonacci retracements as I said in my previous analysis (tradingview.com/chart/ETHUSDT/V807uWd7-ETHUSDT-is-testing-the-supply-area/). The price is creating e new higher high above the previous on (3200)
On the 4h timeframe, the price had a breakout from the supply zone.
how to approach?
the price needs to confirm and According to Plancton's strategy, we can set a nice order
–––––
Keep in mind.
–––––
Follow the Shrimp 🦐
On the 4h timeframe, the price had a breakout from the supply zone.
how to approach?
the price needs to confirm and 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 🦐
Note
the price is pushing!
we could retest of the 4 support before the next bullish impulse
Let's see!
Note
The price is testing the daily resistance. If you look on the left the price got a rejection from that level.We will wait for the Asian Session and I will analyze it again
Note
The price is testing the daily resistance on 3410$ as you can see on the daily timeframe (the upper chart) the price got rejections from this key level.The market needs to grab new liquidity, for that reason, we could see a retracement until the previous resistance now new support on 0.618 Fibonacci level.
At the moment the key resistance is 3460$
Note
The price is creating the pennant on the daily resistance!We are waiting for the breakout from the 3400$
6% since my idea 😎
let's see!
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.
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.