ETHUSDT is testing the daily support on 0.618 Fibonacci level
Updated
The price got a rejection from the dynamic resistance on the daily timeframe around 2800$
On the lower timeframe (4H) the price is testing the 0.618 Fibonacci level on 2445$ it's a key level.
the price created a lower High exactly on 4h resistance on 2750$.
How to approach?
We could see a bounce from that area, the price could get the liquidity for a new bearish impulse. IF the price is going to have a breakout from the support and retest it as new resistance, According to Plancton's strategy, we can set a nice order
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Keep in mind.
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Follow the Shrimp 🦐
On the lower timeframe (4H) the price is testing the 0.618 Fibonacci level on 2445$ it's a key level.
the price created a lower High exactly on 4h resistance on 2750$.
How to approach?
We could see a bounce from that area, the price could get the liquidity for a new bearish impulse. IF the price is going to have a breakout from 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 🦐
Note
The price is testing the daily support right now as I told you 👀Note
The price is testing the daily support and the 0.618 Fibonacci level.If the price is going to have a clear breakout and satisfy our rules, we could open a new short position. The support is 2350.
Don't miss it 🦐
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