On the daily timeframe, the price bounced off the 1.4$ area, which is a key support level for the market.
Currently, on the 4-hour timeframe, the price is testing the resistance level inside an ascending channel.
An ascending channel is a bullish chart pattern characterized by two parallel trendlines with the lower trendline acting as support and the upper trendline acting as resistance. The price tends to move upwards in a steady manner within the channel, indicating bullish market sentiment.
If the price breaks out of the ascending channel and retests the level, it could signal a potential bullish impulse, potentially leading to a rise towards the 1.8$ area. so According to Plancton's strategy, we can set a nice order
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Keep in mind.
Follow the Shrimp 🦐
Currently, on the 4-hour timeframe, the price is testing the resistance level inside an ascending channel.
An ascending channel is a bullish chart pattern characterized by two parallel trendlines with the lower trendline acting as support and the upper trendline acting as resistance. The price tends to move upwards in a steady manner within the channel, indicating bullish market sentiment.
If the price breaks out of the ascending channel and retests the level, it could signal a potential bullish impulse, potentially leading to a rise towards the 1.8$ area. so 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.
- ⚫️ black structure -> <= 1h structure.
Follow the Shrimp 🦐
Comment:
The price is following my arrow
Comment:
8%
Comment:
Clear breakout from the weekly resistance
11%