The price is testing the weekly resistance right now. The price is creating a rising wedge inside a bearish Pennant.
IF the price will have a breakout from the weekly resistance we can see a new retest of 44k, otherwise a false breakout could bring the price to have a breakout downside.
What is your bias?
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Follow the Shrimp 🦐
Keep in mind.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
IF the price will have a breakout from the weekly resistance we can see a new retest of 44k, otherwise a false breakout could bring the price to have a breakout downside.
What is your bias?
–––––
Follow the Shrimp 🦐
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
- ⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Kommentar:
The price is testing the lower trendline, If the price will have a breakout downside, we could see the B scenario
Kommentar:
The price is testing the 0.618 Fibonacci level
