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Ethereum / TetherUS

ETHUSDT is testing the crucial support

By InkyGrip
Updated
snapshot
the price is testing the 0.618 Fibonacci level as new resistance after a breakout from the ascending channel

How to approach it?
IF the price is going to lose the support and retest as new resistance, 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.
  • ⚫️ black structure -> <= 1h structure.

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Follow the Shrimp 🦐
Note
The price had a breakout from the dynamic support and now it's testing the static one.
We are waiting for the breakout
snapshot
Note
The price is still testing the support.
If the price is going to lose it we could see a new bearish impulse
snapshot
Note
The price is creating bear flag
snapshot
Chart PatternsHarmonic PatternsTrend Analysis
InkyGrip

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