ETHUSDT is testing the support after the first breakout
The price created a rising wedge as I told you in my previous analysis. The price got a rejection on 1280$ where the market created a 4h resistance and where we can find the 0.618 Fibonacci level.
On the 4h timeframe the price created a minor head and shoulders between the 4h structures and after the breakout the price retest its neckline as new resistance.
How to approach it?
The price is testing the 4h support on 1133$. IF the price is going to have a breakout from it, we could see a retest around 1k, so According to Plancton's strategy, we can set a nice order
–––––
Keep in mind.
Follow the Shrimp 🦐
On the 4h timeframe the price created a minor head and shoulders between the 4h structures and after the breakout the price retest its neckline as new resistance.
How to approach it?
The price is testing the 4h support on 1133$. IF the price is going to have a breakout from it, we could see a retest around 1k, 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.
Follow the Shrimp 🦐
Comment:
17% since my first idea
