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InkyGrip
Nov 19, 2022 7:47 AM

ETHUSDt i creating the pennant 

BINANCE:ETHUSDT240
Ethereum / TetherUSBinance

Description

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The price is creating a pennant on the 4h timeframe above the local support

How to approach it?
IF the price is going to lose the support, 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.
  • ⚫️ black structure -> <= 1h structure.

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Follow the Shrimp 🦐

Comment

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7%
Trend AnalysisHarmonic PatternsChart Patterns
Comments
Lingrid
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Thanks for great analysis
InkyGrip
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@Lingrid, you are welcome
bizmark
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Hi Shrimp! Agreed with the bearish view:
InkyGrip
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@bizmark, thanks for sharing your vision
SwallowPremium
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Great work with video chart!! Keep going!!
InkyGrip
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@SwallowPremium, appreciate it
RLinda
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Cool idea) Strong set-up on the chart, I think the chance of luck is high)
InkyGrip
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@RLinda, lets see
Solldy
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It's a good idea, but we still have to wait for confirmation, so we shouldn't go in now.
InkyGrip
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@Solldy, agreed
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