The price got a rejection from the 0.382 Fibonacci level around 32$ as you can see on the upper chart (daily timeframe) and the market created a Higher low below the daily resistance as well.
On the 4h Timeframe, the price got a rejection from the dynamic resistance and the selling pressure is pushing the price on the previous 4h support around 25$.
We could see a retest of the dynamic daily support around 24-25$ where the price needs to find the liquidity for a bounce.
How to Approach?
We are monitoring the price action and we do expect a bounce from the major support. the market is going to retrace around 0.886 Fibonacci level, it's a key level. When the price will retest the 4h support, we will add in our watchlist and we will wait to apply our rules
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Follow the Shrimp 🦐
Keep in mind.
On the 4h Timeframe, the price got a rejection from the dynamic resistance and the selling pressure is pushing the price on the previous 4h support around 25$.
We could see a retest of the dynamic daily support around 24-25$ where the price needs to find the liquidity for a bounce.
How to Approach?
We are monitoring the price action and we do expect a bounce from the major support. the market is going to retrace around 0.886 Fibonacci level, it's a key level. When the price will retest the 4h support, we will add in our watchlist and we will wait to apply our rules
–––––
Follow the Shrimp 🦐
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
Nota
The sellers are pushing the price on our 4h support around 25$.We are monitoring the price action at the moment
Nota
The price is following my drawing. We could see another bearish impulse until the previous daily support around 25-24$.
Don't miss it.
Nota
We made more than 15% after my call and now the price is testing the daily support.
The market could shift from bearish to bullish if the price is going to have a breakout from 26$.
Otherwise, if the price is going to lose the support (23$) we could see another bearish impulse.
Congrats to everyone!
Nota
The price is following my drawing! after the breakout from the 4h support and retested the daily support on 24$ the price is trying to have a breakout.15% during the dump and now we are waiting for the breakout of 28$
Congrats to everybody
Nota
The price is trying to have a breakout right now!
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.