InkyGrip

ETHUSDT wants to retest the previous support as new resistance

Long
BINANCE:ETHUSDT   Ethereum / TetherUS
The price got a rejection from the 3k area on the weekly resistance failed to have a breakout from the dynamic daily resistance. After the breakout of the daily support on 2800, the market retest the 4h support as new resistance on 2750$

Now the market is trying to hold the previous daily support.
We could see a pullback until the previous 4h resistance around 2750-2800$ where the price will find the Fibonacci retracement.
–––––
Follow the Shrimp 🦐

Keep in mind.
  • 🟣 Purple structure -> Monthly structure.
  • 🔴 Red structure -> Weekly structure.
  • 🔵 Blue structure -> Daily structure.
  • 🟡 Yellow structure -> 4h structure.
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.