InkyGrip

ETHUSDT needs more Long positions?

Kort
InkyGrip Uppdaterad   
BINANCE:ETHUSDT   Ethereum / TetherUS
The price is testing the daily resistance at 1800$ area where the market has the 0.618 Fibonacci level.
The market had a breakout from the 4h resistance and retest it as new support.

How to approach it?
the price could grab a new long position on the Fibonacci levels in order to try a new breakout from the 1800$ area, see if the price is going to lose the support, and retest it as new resistance we could see a local retracement on 0.5 or 0.618 Fibonacci level
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Follow the Shrimp 🦐

Keep in mind.
  • 🟣 Purple structure -> Monthly structure.
  • 🔴 Red structure -> Weekly structure.
  • 🔵 Blue structure -> Daily structure.
  • 🟡 Yellow structure -> 4h structure.
Kommentera:
The price followed my arrow, CPS, and 9% so far
Kommentera:
The price needs to hold the support, otherwise, we could see a new bearish movement until the daily support around 1400
Kommentera:
The price tested the support on 0.786 and our students made 9% so far.
More if the price is going to lose the dynamic support and 4h one

30 mins to the merge
Kommentera:
The price is testing another key level now.
I'd like to see a big reaction here
Kommentera:
a clear 14 % so far.
We expect a reaction from this level
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