The price had a nice bull run until 97$ on 1.13 Fibonacci level.
On the daily timeframe, the price lost the 88$ support.
on the 4h timeframe, the price could retest the 78$ thee weely support after a retest of the previous daily support now the new resistance around 87-89$ where the price finds the 0.618 Fibonacci level.
How to approach?
we will expect a retest of the daily resistance and a new rejection until 78$ weekly support.
bearish short term, bullish after the bounce on 78$
According to Plancton's strategy, we can set a nice order
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Keep in mind.
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Follow the Shrimp 🦐
On the daily timeframe, the price lost the 88$ support.
on the 4h timeframe, the price could retest the 78$ thee weely support after a retest of the previous daily support now the new resistance around 87-89$ where the price finds the 0.618 Fibonacci level.
How to approach?
we will expect a retest of the daily resistance and a new rejection until 78$ weekly support.
bearish short term, bullish after the bounce on 78$
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 🦐
Note
The price retested the 87$ on the daily resistance as I told youWe could see a retest of the weekly support on 78$
let's see!
Note
Luna followed my drawing as I told you.We apply over and over our strategies to understand the market.
11%, congrats ! 🎯
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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.