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
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.