ETHUSDT is inside a descending channel 🦐
ETHUSDT is inside a descending channel and is testing the lower trendline of the main ascending daily channel.
IF the price will break upward and retest the previous resistance as support, we can set a nice long, but if the price will have a breakout downward and retest the monthly support as resistance we can set a nice short. We need to wait for a clear movement.
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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.
IF the price will break upward and retest the previous resistance as support, we can set a nice long, but if the price will have a breakout downward and retest the monthly support as resistance we can set a nice short. We need to wait for a clear movement.
–––––
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.
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