The price lost the support as I told you in my previous analysis and now the market is testing the weekly support at 19200$ inside an ascending channel
the market could create a pullback on 20k
How to approach?
The price needs to grab new liquidity to create a bullish impulse until the previous support. The main support remains the weekly one, so if the price is going to lose it, 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 could create a pullback on 20k
How to approach?
The price needs to grab new liquidity to create a bullish impulse until the previous support. The main support remains the weekly one, so if the price is going to lose it, 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.
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Follow the Shrimp 🦐
Note
the price trying to hold the support on 19800 after a rejection from 20k.IF the price is going to lose the support, the next valid support could be 18800$
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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.