On the daily timeframe, the price is currently testing a key level at 0.833, where it has previously found clear support. Meanwhile, on the 4-hour timeframe, the price is forming a pennant pattern.
A pennant is a bullish continuation pattern characterized by a converging trendline that forms a small symmetrical triangle shape. This indicates that the market is taking a breather and could continue the uptrend after a potential breakout. If the price breaks out above the upper trendline of the pennant, this could signal a potential long position according to Plancton's Rules.
However, if the price fails to hold the key support level at 0.833, this could potentially trigger a short position based on Plancton's Rules.
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Follow the Shrimp 🦐
Keep in mind.
A pennant is a bullish continuation pattern characterized by a converging trendline that forms a small symmetrical triangle shape. This indicates that the market is taking a breather and could continue the uptrend after a potential breakout. If the price breaks out above the upper trendline of the pennant, this could signal a potential long position according to Plancton's Rules.
However, if the price fails to hold the key support level at 0.833, this could potentially trigger a short position based on Plancton's Rules.
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Follow the Shrimp 🦐
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
- ⚫️ Black structure -> <= 1h structure.
노트
the price is testing the key level
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.