VLXUSDT is testing the 4h resistance after the cup and handle

30 thg 3, 2022

The price created a double bottom on the weekly structure on the 0.20$.
As you can see from the upper chart, the price had a breakout from the dynamic daily resistance and now the market it's testing the 0.382 Fibonacci resistance after the green candles series.

on the 4h timeframe the price created a cup and handle pattern and the market had the breakout from its neckline.

How to approach?
The price could have a breakout from the 4h resistance (0.2530$) or gets the liquidity from the previous resistance now new support. So, if the price is going to have a breakout, 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 🦐

30 thg 3, 2022

Ghi chú

The price could retest the daily support on 0.245$ and grab the liquidity for the breakout from the 4h resistance.
In that case, the price could create a new impulse and the next target could be the 0.5 Fibonacci level on 0.26$

31 thg 3, 2022

Ghi chú

Bullish impulse as I told you yesterday!
13% so far