ETHUSDT inverse head and shoulders or Ascending channel?
The price is creating an inverse head and shoulders on 4h, it's a reversal trade from its main bearish trend. At the moment I don't see liquidity in order to create a breakout from the neckline.
the price is creating an ascending channel as well, and the market created a support on 1040$
How to approach?
IF the price is going to lose the support and retest it as new resistance, According to Plancton's strategy, we can set a nice order
–––––
Keep in mind.
–––––
Follow the Shrimp 🦐
the price is creating an ascending channel as well, and the market created a support on 1040$
How to approach?
IF the price is going to lose the support and retest it as new 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 🦐
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.