The price got a rejection from the supply zone as I told you on the previous analysis.
On the daily timeframe, we can see a resistance exactly on 41800$.
On the lower timeframe, the price is testing the previous support area.
The price created a new Higher low after a bounce on 41800, and now the market is looking for the next bounce. the price could create a new Lower higher and then a new Higher low.
How to approach?
If the price is going to lose the 38k Zone and retest it as new support, According to Plancton's strategy, we can set a nice order.
The next valid support remains 34k
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Keep in mind.
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Follow the Shrimp 🦐
On the daily timeframe, we can see a resistance exactly on 41800$.
On the lower timeframe, the price is testing the previous support area.
The price created a new Higher low after a bounce on 41800, and now the market is looking for the next bounce. the price could create a new Lower higher and then a new Higher low.
How to approach?
If the price is going to lose the 38k Zone and retest it as new support, According to Plancton's strategy, we can set a nice order.
The next valid support remains 34k
–––––
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
Nota
The price got a rejection from the 0.382 Fibonacci level.The market is following my drawing.
We are waiting for the breakout from the 4h support on 38000.
👀
Nota
The market created a new Higher Low on the 0.382 Fibonacci level.If the price is going to have a breakout, we could see a new bearish impulse.
The price is following my drawing.
Nota
The price is testing a key level where the market has a confluence of 0.618 Fibonacci Level, the dynamic daily support, and 4h static support.If the price is going to lose the key level and it creates a new low, we could see a bearish impulse until the next valid support
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.
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.