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.
Weekly: We can see on that price briefly went above the 0.400 level but quickly retraced to the downside. Until we officially break above this area on the weekly timeframe we will remain overall bearish on this pair.
H4: Price is currently in a downtrend and until it hits a more serious support level I will look for it towrope lower. We are currently forming a flag pattern. Once this breaks it will shoot to the 0.3500 level.
Weekly: We can see on that price briefly went above the 0.400 level but quickly retraced to the downside. Until we officially break above this area on the weekly timeframe we will remain overall bearish on this pair.
H4: Price is currently in a downtrend and until it hits a more serious support level I will look for it towrope lower. We are currently forming a flag pattern. Once this breaks it will shoot to the 0.3500 level.