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 had a pullback after price double tops at the previous high point. We currently could see price bounce off of the 1.2600 level. Currently we are waiting for price to show rejection in that area and there are still a lot of sellers in the market.
On the H4 timeframe we can see that price has fallen dramatically last week from the level of resistance. I will wait for a rejection of the 1.2600 area before we asses reversal opportunities.
On the weekly timeframe we had a pullback after price double tops at the previous high point. We currently could see price bounce off of the 1.2600 level. Currently we are waiting for price to show rejection in that area and there are still a lot of sellers in the market.
On the H4 timeframe we can see that price has fallen dramatically last week from the level of resistance. I will wait for a rejection of the 1.2600 area before we asses reversal opportunities.
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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.