ENSUSDT is inside the ascending channel
Updated
ENSUSDT is currently undergoing a testing phase of its static support at 13.30 within an ascending channel. This means that the price is being supported at this level, and there is a possibility that it may continue to rise within the channel.
However, there is also a chance that the price may retest the 0.5 Fibonacci daily resistance, which could potentially trigger a new bearish impulse. This means that the price may experience a downward trend, which could potentially lead to a sell-off.
According to Plancton's rules, in the event of a breakdown, it may be advisable to take a short position.
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Follow the Shrimp 🦐
Keep in mind.
However, there is also a chance that the price may retest the 0.5 Fibonacci daily resistance, which could potentially trigger a new bearish impulse. This means that the price may experience a downward trend, which could potentially lead to a sell-off.
According to Plancton's rules, in the event of a breakdown, it may be advisable to take a short position.
–––––
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.
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