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InkyGrip

KAVAUSDT is testing the 0.618 Fibonacci level

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Kava / TetherUS (BINANCE:KAVAUSDT)  
InkyGrip Uppdaterad   
BINANCE:KAVAUSDT   Kava / TetherUS
Trend Analysis Harmonic Patterns Chart Patterns breakout Fibonacci Retracement Fibonacci Extension fibonaccianalysis
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trendanalysis harmonicpatterns chartpattern breakout fibonacciretracement fibonacciextension fibonaccianalysis
The price is testing the 0.618 Fibonacci level on the 4h timeframe after a bounce from the 1.4$ support where the market created a double bottom. The price lost the 4h support at 1.9$ and retest it as new resistance.

how to approach it?
IF the price is going to lose the local 4h support at 1.7$ (on 0.618 Fibonacci level) and retest it as new resistance, According to Plancton's strategy, we can set a nice order
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Keep in mind.
  • 🟣 Purple structure -> Monthly structure.
  • 🔴 Red structure -> Weekly structure.
  • 🔵 Blue structure -> Daily structure.
  • 🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
Kommentera:
it is still valid, the price needs to create a breakout from the support
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