AVAXUSDT is testing the weekly resistance
the price is going to retest the key level of 98.75 (weekly resistance)
On the daily timeframe, the price flipped the 90$ area and retested as new support.
On 4h timeframe, the price is creating an ascending change below
the main resistance.
How to approach?
For the bullish scenario, the price needs to have a new breakout from the weekly and ascending channel. 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 daily timeframe, the price flipped the 90$ area and retested as new support.
On 4h timeframe, the price is creating an ascending change below
the main resistance.
How to approach?
For the bullish scenario, the price needs to have a new breakout from the weekly and ascending channel. 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 🦐
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Penafian
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