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InkyGrip
Apr 22, 2022 6:41 AM

EGLDUSDT Wants to have a breakout from the Weekly resistance Long

EGLD / TetherUSBinance

Description

The price got a rejection from the weekly resistance on 164$ and not the price is creating another bull flag above the previous descending channel

the price retested the previous dynamic resistance as new support exactly at 0.618 Fibonacci level.

How to approach?
The price needs to have a breakout from the weekly resistance and descending channel. Beware to the left, you can find the supply zone. So if the price is going to have a breakout, 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
CobraVanguard
Good job!
InkyGrip
@TheTreeTrader, cheers brother
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