Following positive news about CELO and OPERA browser, the price has tested the daily support after a clear breakout inside the ascending channel. Currently, the price is approaching a key level at 0.82$ where a static resistance exists on the 4-hour chart.
This level presents an important test for the asset's bullish trend. As traders, we will be closely monitoring the situation and waiting for a potential breakout from this key level. Should the breakout occur, we will apply Plancton's Rules to determine the next trading opportunity.
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Follow the Shrimp 🦐
Keep in mind.
This level presents an important test for the asset's bullish trend. As traders, we will be closely monitoring the situation and waiting for a potential breakout from this key level. Should the breakout occur, we will apply Plancton's Rules to determine the next trading opportunity.
–––––
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.
Note
Waiting for the breakoutNote
Waiting for the Breakout!!!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.