ICPUSDT is testing the 4h support
Updated
The price got rejections from the dynamic resistance on the daily timeframe, and rejection from the weekly resistance on 21$
On the lower timeframe, the price is testing the 0.786 Fibonacci level after a false breakout on 20$ where you can find an M pattern.
How to approach?
We are monitoring the price, the bullish scenario is above 19$ with confirmation.
in a short period, if the price is going to lose the 4h support with confirmation, we could see another bearish impulse until 14$.
According to Plancton's strategy, we can set a nice order
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Keep in mind.
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Follow the Shrimp 🦐
On the lower timeframe, the price is testing the 0.786 Fibonacci level after a false breakout on 20$ where you can find an M pattern.
How to approach?
We are monitoring the price, the bullish scenario is above 19$ with confirmation.
in a short period, if the price is going to lose the 4h support with confirmation, we could see another bearish impulse until 14$.
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 0.786 Fibonacci level on the dynamic support.We are waiting for the breakout and retest the support as new resistance to applying our rules.
A breakout is not enough.
Note
the price is following my drawing and my strategies.More profits if the price is going to lose the support.
a clear 5% so far 😎
Note
5% since my free call and now the price is testing the support as new resistance as I told you 😎Note
The price is testing the support, bearish if the price is going to lose it and if satisfies our rulesDon't miss it 👀
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