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InkyGrip
May 19, 2022 6:46 AM

ADAUSDT needs liquidity Short

Cardano / TetherUSBinance

Description

The price got a rejection from the 0.618 Fibonacci level on the 4h timeframe and created a triple top on it.

Now the market is creating equal lows on 0.51$ and we can find a demand zone on the daily support on 0.40$

How to approach it?
IF the price is going to grab new liquidity from 0.40$ we could see a reversal movement like my arrow, According to Plancton's strategy, we can set a nice order
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Keep in mind.
  • 🟣 Purple structure -> Monthly structure.
  • 🔴 Red structure -> Weekly structure.
  • 🔵 Blue structure -> Daily structure.
  • 🟡 Yellow structure -> 4h structure.

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Follow the Shrimp 🦐
Comments
ProjectSyndicate
solid overview and great charting today
InkyGrip
@ProjectSyndicate, cheers my friend
DeGRAM
Thank you
InkyGrip
@DeGRAM, thanks to you my friend
UnknownUnicorn15614419
It looks nice
InkyGrip
@TradingStat, you are welcome
Oacen
buy and hold price for ada is 0.20 if btc goes 20k?
InkyGrip
@Oacen, Check my analysis about BTC
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