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 there are two key levels marked near 1.26400 and 1.2900. Price is currently retesting the lower level which should act as support. Last weeks candle formed an inverted hammer candle which could be a sign of reversal!
On the H4timefamr we can see that we are back at the low point. I will be looking for reversals from this level and will not take buys endless we get a clear break of structure.
On the weekly timeframe we can see that there are two key levels marked near 1.26400 and 1.2900. Price is currently retesting the lower level which should act as support. Last weeks candle formed an inverted hammer candle which could be a sign of reversal!
On the H4timefamr we can see that we are back at the low point. I will be looking for reversals from this level and will not take buys endless we get a clear break of structure.