ETHUSDT inverse head and shoulders or Ascending channel?
The price is creating an inverse head and shoulders on 4h, it's a reversal trade from its main bearish trend. At the moment I don't see liquidity in order to create a breakout from the neckline.
the price is creating an ascending channel as well, and the market created a support on 1040$
How to approach?
IF the price is going to lose the support and retest it as new resistance, According to Plancton's strategy, we can set a nice order
–––––
Keep in mind.
Follow the Shrimp 🦐
the price is creating an ascending channel as well, and the market created a support on 1040$
How to approach?
IF the price is going to lose the support and retest it as new resistance, 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 🦐
