The price had a breakout from the descending channel from the daily timeframe and now the market is testing the 80$ as new resistance.
On the 4h timeframe the price is creating a W pattern and we could see a retest of its neckline around 0.5 - 0.618 Fibonacci level before the new bullish impulse.
How to approach?
We are monitoring the price, if the market is going to have a clear breakout from the 80$ resistance and flip into new support, we can apply our rules for a new long position.
If the price is going to have a retracement until 0.5 - 0.618 Fibonacci level, we can wait for a bounce a look for a new long position.
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Follow the Shrimp 🦐
Keep in mind.
On the 4h timeframe the price is creating a W pattern and we could see a retest of its neckline around 0.5 - 0.618 Fibonacci level before the new bullish impulse.
How to approach?
We are monitoring the price, if the market is going to have a clear breakout from the 80$ resistance and flip into new support, we can apply our rules for a new long position.
If the price is going to have a retracement until 0.5 - 0.618 Fibonacci level, we can wait for a bounce a look for a new long position.
–––––
Follow the Shrimp 🦐
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
Nota
so far so good.9% since my FREE call
Nota
since my Call, clear 24%.so far so good.
All our signals are based on our rules
Nota
Unstoppable. The price reached our 4h resistance with an amazing result, more than 23% congrats to the Students!We could see a retracement soon
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Penafian
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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.