ETHBTC is testing weekly resistance 🦐
Updated
ETH.X had created a W on weekly support and now the price is testing weekly resistance. We are waiting to see a clear breakout from the weekly structure and retest it as new support. Otherwise, we can see a retracement on the 0.618 Fibonacci level in order to retest the previous resistance as new support before start with a new bullish impulse.
According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
According to Plancton's strategy (check our Academy), we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
- ⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Note
The price is testing 0.5 Fibonacci LEvel
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