From my previous analysis we made more than 27% and the price followed my drawing. Now the price is testing the monthly as new support after the first rejection.
The market created a V pattern on 10$ and now the price wants to retest the 18$.
How to approach?
IF the price is going to have a breakout from the 4h resistance According to Plancton's strategy, we can set a nice order
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Keep in mind.
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Follow the Shrimp 🦐
The market created a V pattern on 10$ and now the price wants to retest the 18$.
How to approach?
IF the price is going to have a breakout from the 4h resistance 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 🦐
Note
The price needs to create a new breakout from it for a new retest of 18$28% since my first idea, congrats Planctoners!
Note
The idea is still valid, the price had a breakout from the descending channel.The price needs to create a new breakout from the 4h resistance on 17$.
Let's see!
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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.