the price is creating a descending channel on the monthly support on the daily timeframe. The market is testing an important resistance right now on the 162$.
On the 4h timeframe, we can see a breakout from the 4h dynamic resistance.
How to approach?
We are waiting for a breakout from the 160$ and retest the current resistance as new support. Only if the price is going to satisfy our rules we can open a new long position
–––––
Follow the Shrimp 🦐
Keep in mind.
On the 4h timeframe, we can see a breakout from the 4h dynamic resistance.
How to approach?
We are waiting for a breakout from the 160$ and retest the current resistance as new support. Only if the price is going to satisfy our rules we can open a new long position
–––––
Follow the Shrimp 🦐
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
Nota
The price created a double bottom on the weekly support and now it's testing the daily resistance on 160$.We want to see a clear breakout from that level!
let's see!
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.