InkyGrip

ETHUSDT inverse head and shoulders or Ascending channel?

Short
KUCOIN:ETHUSDT   Ethereum / Tether
The price is creating an inverse head and shoulders on 4h, it's a reversal trade from its main bearish trend. At the moment I don't see liquidity in order to create a breakout from the neckline.

the price is creating an ascending channel as well, and the market created a support on 1040$

How to approach?
IF the price is going to lose the support and retest it as new resistance, 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.
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Follow the Shrimp 🦐
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