In the world of the CHAMELEON, the YELLOW color acts like a guide on the highway. (Please see the youtube channel for details).
On the basis of the strength of the DAILY idea, now watching for a lower timeframe entry.
A retest of the YELLOW VWAP for ENTRY combined with the LOW of the nearest YELLOW for STOP Placement provides a valid trade idea with the next DAILY FIB RANGE level as a TARGET which we can anticipate will hold little RESISTANCE on the way to the top of the RANGE.
On the basis of the strength of the DAILY idea, now watching for a lower timeframe entry.
A retest of the YELLOW VWAP for ENTRY combined with the LOW of the nearest YELLOW for STOP Placement provides a valid trade idea with the next DAILY FIB RANGE level as a TARGET which we can anticipate will hold little RESISTANCE on the way to the top of the RANGE.
Chart indicators and tools to trade trends & pivot breakouts in the crypto and forex markets! -- Discord Group: discord.gg/VaW9zG7n
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ETH LONG
ChartChameleon
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about ETHUSDT
In doing so, the CHAMELEON TAIL (not shown on this chart since the indicator does not update with the idea), changed to RED. No trade.