ADAUSDT is testing a weekly resistance
Updated
The price created a descending channel on the daily timeframe and had a breakout from it. The market had another important breakout from a key level (1$) after the price created an Adam and Eve pater below the monthly structure.
On the 4h timeframe the price is testing the weekly resistance on 1.2$
How to approach?
The price needs to create a new breakout from the weekly resistance and retest as new support, According to Plancton's strategy, we can set a nice order
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Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
Note
The price got a rejection by the weekly resistance so far.We need to see a clear breakout for bullish continuation
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