ICXUSDT has recently experienced a breakout from the daily resistance level, which was then successfully retested as new support on the 0.5 Fibonacci level.
Currently, the price of ICXUSDT is testing the 4-hour resistance level. In order for the cryptocurrency to continue its upward trend, it will need to create a breakout from this resistance level and then retest it as new support. This is in line with Plancton's rules for long positions, which suggest that buying opportunities should be sought after a breakout from resistance, followed by a retest of the level as new support
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Follow the Shrimp 🦐
Keep in mind.
Currently, the price of ICXUSDT is testing the 4-hour resistance level. In order for the cryptocurrency to continue its upward trend, it will need to create a breakout from this resistance level and then retest it as new support. This is in line with Plancton's rules for long positions, which suggest that buying opportunities should be sought after a breakout from resistance, followed by a retest of the level as new support
–––––
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
it needs liquidity to create 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.