the market had a breakout from the descending channel and now it's testing the static resistance on 2750. Like Bitcoin, Ethereum needs to create a new Higher Hig above 2800$ (better above 2900) with confirmations and volumes
On the 4h Timeframe the price is testing the daily resistance below the 4h supply zone on 2800-2900$
How to approach? IF the price is going to have a breakout from 2900-2950 and retest the previous resistance as new support, According to Plancton's strategy, we can set a nice order ––––– Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
––––– Follow the Shrimp 🦐
注释
Nice volumes so far, I want to see a clear breakout from the resistances! Don't miss it