We are looking for a swing trade so I will utilize the weekly and 4 hour timeframes to make my decisions. On the weekly timeframe we look for three things in particular which are our key levels, patterns and candlestick analysis. On the 4 hour timeframe we focus on using most of our technicals which is including fibonacci, support and resistance , supply and demand zones, market structure, candlestick analysis etc. On crypto we are looking at the Daily and 1 Hour timeframes to take trades when they are ready.
On the weekly timeframe we can see that price has rejected the 0.40 level which is a significant area of resistance. The weekly candle is yet to close but at this rate it looks like we could be heading much lower.
On the h4 timeframe we can see the trend is clearly bearish. We just formed a LH so now is the perfect time to sell and target lower.
On the weekly timeframe we can see that price has rejected the 0.40 level which is a significant area of resistance. The weekly candle is yet to close but at this rate it looks like we could be heading much lower.
On the h4 timeframe we can see the trend is clearly bearish. We just formed a LH so now is the perfect time to sell and target lower.