The price created a double top on the daily timeframe and now the price is testing the 0.618 Fibonacci level below the daily resistance inside a descending channel
On the 4h timeframe the price is trying to have a breakout from the resistance on 29.5$
How to approach?
If the price is going to have a breakout from the 4h resistance and grab liquidity we could see a pullback until the 30$
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Follow the Shrimp 🦐
Keep in mind.
On the 4h timeframe the price is trying to have a breakout from the resistance on 29.5$
How to approach?
If the price is going to have a breakout from the 4h resistance and grab liquidity we could see a pullback until the 30$
–––––
Follow the Shrimp 🦐
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
Note
I told you yesterday, the price is ready for the pullback on the previous daily resistance of 30.5$Clear 7.8% so far.
Congrats to everyone 🔥
Note
So far so good 10% for everyone
Check how the price reach the Daily resistance as I told you
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.