We are looking for a swing trade so I will utilize the weekly and 4 hour timeframes to make my decisions. On the weekly timeframe we look for three things in particular which are our key levels, patterns and candlestick analysis. On the 4 hour timeframe we focus on using most of our technicals which is including fibonacci, support and resistance , supply and demand zones, market structure, candlestick analysis etc. On crypto we are looking at the Daily and 1 Hour timeframes to take trades when they are ready.
On the weekly timeframe we can see that price is retesting a key level of resistance that it previous rejected aggressively. Whether price will move much higher from here is not likely. I will be looking for reversal from the 156.00 area.
On the H4 timeframe price is in a steady uptrend. We need to wait for reversal and have to be patient around the area we identified on the higher timeframe
On the weekly timeframe we can see that price is retesting a key level of resistance that it previous rejected aggressively. Whether price will move much higher from here is not likely. I will be looking for reversal from the 156.00 area.
On the H4 timeframe price is in a steady uptrend. We need to wait for reversal and have to be patient around the area we identified on the higher timeframe
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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.