The market created a triple top on the monthly support ton 17$.
As I said in my previous analysis, (tradingview.com/chart/FILUSDT/jzyRipst-FILUSDT-is-testing-the-4h-resistance/) After the breakout of 19$ resistance the price got liquidity and created aa big bullish impulse
On the 4h timeframe the price is creating a pennant below the monthly resistance on 26.5.
How to approach?
The price could have a false breakout and retest the 23.6$ support and get the new liquidity. If the price is going to have a breakout from the monthly and daily resistance (27.4$) we could see a bullish continuation. The next valid resistance is 27.38$
As I said in my previous analysis, (tradingview.com/chart/FILUSDT/jzyRipst-FILUSDT-is-testing-the-4h-resistance/) After the breakout of 19$ resistance the price got liquidity and created aa big bullish impulse
On the 4h timeframe the price is creating a pennant below the monthly resistance on 26.5.
How to approach?
The price could have a false breakout and retest the 23.6$ support and get the new liquidity. If the price is going to have a breakout from the monthly and daily resistance (27.4$) we could see a bullish continuation. The next valid resistance is 27.38$
Note
the price is following my drawing and the market is testing the daily support.We are waiting for the breakout of the monthly resistance.
Don't miss it
Note
The price is following my drawing, got liquidity from the daily support and now the market wants a new breakout from the daily resistancedon't miss it!
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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.
Related publications
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.