ETHUSDT is in accumulation phase
The price of ETHUSDT got liquidity from the first accumulation at 1102, where a weekly support level was identified.
This was followed by a clear breakout from the descending weekly channel, indicating a strong bullish sentiment.
The price of ETHUSDT has been consolidating since then, going through a period of accumulation.
This is a positive sign, as it suggests that the market is building up momentum for a potential breakout.
Currently, the major resistance area for ETHUSDT is at 1700$, and traders should be watching for a breakout above this level.
If the price is able to break through this resistance, it could signal a continuation of the bullish trend and potentially open the way for further gains.
Overall, ETHUSDT has shown strong bullish signs, and traders should be monitoring the market closely for any potential breakout above 1700$ resistance level, as it could signal a continuation of the bullish trend, so According to Plancton's strategy, we can set a nice order
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Keep in mind.
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Follow the Shrimp 🦐
This was followed by a clear breakout from the descending weekly channel, indicating a strong bullish sentiment.
The price of ETHUSDT has been consolidating since then, going through a period of accumulation.
This is a positive sign, as it suggests that the market is building up momentum for a potential breakout.
Currently, the major resistance area for ETHUSDT is at 1700$, and traders should be watching for a breakout above this level.
If the price is able to break through this resistance, it could signal a continuation of the bullish trend and potentially open the way for further gains.
Overall, ETHUSDT has shown strong bullish signs, and traders should be monitoring the market closely for any potential breakout above 1700$ resistance level, as it could signal a continuation of the bullish trend, so According to Plancton's strategy, we can set a nice order
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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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Follow the Shrimp 🦐
註釋
Still, in the accumulation phase, wait for the breakout
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