ETHUSDT wants to retest the previous support as new resistance

The price got a rejection from the 3k area on the weekly resistance failed to have a breakout from the dynamic daily resistance. After the breakout of the daily support on 2800, the market retest the 4h support as new resistance on 2750$

Now the market is trying to hold the previous daily support.
We could see a pullback until the previous 4h resistance around 2750-2800$ where the price will find the Fibonacci retracement.
–––––
Follow the Shrimp 🦐

Keep in mind.
  • 🟣 Purple structure -> Monthly structure.
  • 🔴 Red structure -> Weekly structure.
  • 🔵 Blue structure -> Daily structure.
  • 🟡 Yellow structure -> 4h structure.
Chart PatternsHarmonic PatternspullbackpullbackbuypullbacktradeTrend Analysis

Related publications

Disclaimer