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Ethereum / TetherUS

ETHUSDT is testing the crucial support

By InkyGrip
Updated
snapshot
the price is testing the 0.618 Fibonacci level as new resistance after a breakout from the ascending channel

How to approach it?
IF the price is going to lose the support and retest as new resistance, According to Plancton's strategy, we can set a nice order
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Keep in mind.
  • 🟣 Purple structure -> Monthly structure.
  • 🔴 Red structure -> Weekly structure.
  • 🔵 Blue structure -> Daily structure.
  • 🟡 Yellow structure -> 4h structure.
  • ⚫️ black structure -> <= 1h structure.

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Follow the Shrimp 🦐
Comment
The price had a breakout from the dynamic support and now it's testing the static one.
We are waiting for the breakout
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Comment
The price is still testing the support.
If the price is going to lose it we could see a new bearish impulse
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Comment
The price is creating bear flag
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Chart PatternsHarmonic PatternsTrend Analysis

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