We are looking for a swing trade so I will utilize the weekly and 4 hour timeframes to make my decisions. On the weekly timeframe we look for three things in particular which are our key levels, patterns and candlestick analysis. On the 4 hour timeframe we focus on using most of our technicals which is including fibonacci, support and resistance , supply and demand zones, market structure, candlestick analysis etc. On crypto we are looking at the Daily and 1 Hour timeframes to take trades when they are ready.
On the weekly timeframe we can see that price retested a previous level of support at the 1.33500 area. Price formed an inverted hammer candle last week which is a reversal signal.
On the H4 timeframe we can see the price is in a clear downtrend. In order for us to start taking buys we would have to see a break of the previous lower high which is marked. On the lower timeframe is appears taking sells would be the best possible entry at the moment as buys would not be in order until we break the resistance level.
On the weekly timeframe we can see that price retested a previous level of support at the 1.33500 area. Price formed an inverted hammer candle last week which is a reversal signal.
On the H4 timeframe we can see the price is in a clear downtrend. In order for us to start taking buys we would have to see a break of the previous lower high which is marked. On the lower timeframe is appears taking sells would be the best possible entry at the moment as buys would not be in order until we break the resistance level.