Chiliz / TetherUSמעודכן

CHZUSDT wants the 0.5 Fibonacci level?

CHZUSDT lost its dynamic support, which could be a bearish signal for traders.

The dynamic support refers to a moving average or trendline that acts as a support level for the price. When the price falls below this support level, it may indicate a shift in market sentiment, from bullish to bearish. In this case, the price of CHZUSDT could retest the 0.5 Fibonacci level, which is a commonly used retracement level in technical analysis.

If the price fails to hold at the 0.5 Fibonacci level, it could create a new bearish impulse, which may push the price further down towards the 0.11 $ area. According to Plancton's Rules, which is a trading strategy based on Fibonacci retracement levels, this could be a good opportunity for short selling.

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Follow the Shrimp 🦐

Keep in mind.
  • 🟣 Purple structure -> Monthly structure.
  • 🔴 Red structure -> Weekly structure.
  • 🔵 Blue structure -> Daily structure.
  • 🟡 Yellow structure -> 4h structure.
  • ⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
הערה
The price is testing the key level
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The price is following my arrow
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Waiting for the next bearish impulse
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The price is following my arrow, more if the price is going to lose the dynamic support
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Waiting for the breakout. Accumulation below the Dynamic support
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הערה
everything as I told you
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15%
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21%
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20%
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