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.
On the weekly timeframe we are back at a key level 157.000. Previously we have rejected this level with a lot of volume. We have formed three bullish candles the last few weeks so I am expecting price to overall be bullish here. We will not take buys until we break above this level. Going down to the lower timeframe we will take a look at potential short opportunities.
On the H4 timeframe we can see the price broke a level of support and we are now trying to grab last buys before a potential reversal here.
On the weekly timeframe we are back at a key level 157.000. Previously we have rejected this level with a lot of volume. We have formed three bullish candles the last few weeks so I am expecting price to overall be bullish here. We will not take buys until we break above this level. Going down to the lower timeframe we will take a look at potential short opportunities.
On the H4 timeframe we can see the price broke a level of support and we are now trying to grab last buys before a potential reversal here.