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InkyGrip

KCSUSDT is testing the weekly support. Reverse is coming?

Long
KuCoin Token / Tether (KUCOIN:KCSUSDT)  
InkyGrip  
KUCOIN:KCSUSDT   KuCoin Token / Tether
Trend Analysis Chart Patterns Harmonic Patterns Fibonacci Retracement Fibonacci Extension fibonaccianalysis Fibonacci Confluence
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trendanalysis chartpattern harmonicpatterns fibonacciretracement fibonacciextension fibonaccianalysis fibonacciconfluence
snapshot

We made more than 12% since my previous idea, now the price is testing the weekly dynamic support after a bearish impulse.
On the 4h timeframe, the price is testing the 0.5 Fibonacci level on the daily resistance

How to approach?
The price needs to have a new breakout from the daily and 4h resistance and retest the resistance as new support, 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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