InkyGrip

ETHUSDT got a rejection from 0.618 Fibonacci level

Viés de baixa
BINANCE:ETHUSDT   Ethereum / TetherUS
The price is creating a rising wedge on the 4h timeframe and after the rejection from the 1250$ the price is testing the dynamic support.
As you can see the price got a rejection exactly from the 0.618 Fibonacci level, it's a key level.
How to approach it?
IF the price is going to lose the support and retest it as new resistance, 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 🦐
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.